Apply on Employer Site

WesBanco · 3 months ago

Formula-Based Monitoring Officer - Secured Credit Administration

Knoxville, TN, 37919, United States

Full-time

Onsite

Mid Level

WesBanco is a financial institution seeking a Formula-Based Monitoring Officer in Secured Credit Administration. This role is responsible for overseeing the Formula Based Monitoring Function, tracking and analyzing documentation provided by borrowers in support of revolving lines of credit, and ensuring compliance with loan agreements.

BankingFinanceFinancial Services

Growth Opportunities

Responsibilities

Tracks for the timely receipt of borrowing base certificates and other supporting documentation (such as Accounts Receivable and Payable Statements, Balance Sheets, Inventory Schedules), as may be required by a Loan Agreement as a condition of lending for a revolving line of credit

Reviews and analyzes borrower-provided information received to determine compliance with formula based requirements

Identifies and follows-up with the appropriate production staff those companies who have not filed required information in a timely manner to determine status

Reviews and analyzes recent and historical borrowing trends for any inconsistencies

Reviews and analyzes recent and historical collateral levels for any inconsistencies

Follows specific notification procedures for companies outside of its permissible borrowing requirements

Prepares and distributes reports of non-compliance with reporting requirements

Assures maintenance of appropriate records of work performed by Formula Based Lending staff

Offers guidance as to bank policy and industry standards to Lenders and Credit Risk Management during the underwriting process

Provides Credit Risk Management with borrower compliance information during the annual renewal process

May be assigned other duties and/or responsibilities within Secured Credit Administration, as needed

Qualification

Analytical skillsMS OfficeIBS familiarityCapital Stream Finance CenterMathematical skillsWritten communicationOral communicationInterpersonal skillsConfidentialityPresentation skills

Required

High level of analytical ability to determine the risk involved in each transaction

Professional demeanor in appearance, interpersonal relations, work ethic and attitude

Possess clear, concise, effective written and oral communication skills to effectively express thoughts, ideas and concepts to management, bank employees and bank customers in a collaborative and solutions oriented manner

Ability to maintain confidentiality

Ability to effectively present information and respond to questions from executive management and/or groups of managers, lenders and customers

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages

Ability to apply concepts of basic algebra and geometry

MS Office, including Word, Excel, Outlook, Power Point, and SharePoint