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VP, Senior Commercial Asset Based Loan Officer - Portfolio Management National Lending

Chevy Chase, MD, USA | PacWest Bancorp

  • Industry:
    Banking / Investment Banking
  • Position Type:
    Full-Time
  • Functions:
    Financial Services Professional
    General Management
  • Experience:
    5-7 years
Job Description:
112 people have viewed this job

The VP, Senior Loan Officer is expected to independently monitor the performance of assigned borrowers, identify deviations from agreed upon performance and take the appropriate remedial steps. The VP, Senior Loan Officer should strive to build strong working relationships with all clients to ensure open communication and improved understanding of the client’s operating performance and needs. This position requires an ability to work independently with limited day-to-day supervision.

RESPONSIBILITIES:

Collaborate with portfolio team prior to the transfer of a loan to the Special Assets Group (SAG)

Identify root cause problems that have caused the borrower’s operational difficulties resulting in the transfer to SAG.

Develop loan management strategies that will minimize credit risk and address borrowers root cause operating issues.

Ensure loans are performing by tracking financial performance of client operations

Perform financial statement analysis to monitor trends, new developments that may impact loan performance and adherence to restructured forecasts and loan terms and conditions.

Respond to requests from clients for additional funding or modifications to existing loans

Oversee client accounts to ensure funding requirements and cash receipts are processed correctly on behalf of the borrower

Review monthly client statements prior to issuance

Maintain financial integrity by researching and reconciling discrepancies; auditing and verifying documents; following internal controls; understanding and monitoring loan documents to ensure compliance

Prepare risk ratings and other reports as required to keep management informed on portfolio performance

Communicate with client and or supervisor to resolve loan issues or questions

Contribute to team effort by accomplishing related results as needed, including special projects

Travel for client visits and other meetings as needed

POSITION REQUIREMENTS:

Bachelor's degree in Finance or Accounting

CPA or MBA a plus

Minimum five or more years’ commercial asset based lending/credit experience

Financial statement analysis experience

Asset based auditing experience a plus

Proficient with Word and Excel

Entrepreneurial work ethic

Strong analytical skills

Special asset and workout experience a plus


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