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Peoples Security Bank & Trust · 3 weeks ago

Commercial Collateral Analyst

Moosic, PA

Full-time

Onsite

Senior Level

5+ years exp

Peoples Security Bank & Trust is a community-focused bank dedicated to trust and integrity. The Commercial Collateral Analyst is responsible for the day-to-day servicing, monitoring, and administration of commercial construction loans and collateral portfolios, ensuring compliance with internal policies and regulatory requirements.

BankingFinancial ServicesInsurance

Responsibilities

Reviews draw requests submitted to the Bank for errors and potential issues

Inputs data into excel spreadsheet or construction loan tracking software and monitors information to ensure that draw requests are within the approved budget, the progression of a development’s improvement and the compliance with covenants (sales pace, timing of completion, etc.)

Obtains additional information (mechanic lien waivers, copies of bought-out contracts, copies of invoices, title bring-downs, etc.) as required and as they relate to a specific project from the Borrower, Contractor, Title Agent, etc

Orders and reviews inspection reports

Interacts with Borrower/Lender/Lender’s Administrator relating to specific questions (change orders, budget modifications, etc.) and the funding of draw requests

Handle modification of existing templates for new construction loans to meet the needs of a specific project

Manages the appraisal review process for certain commercial loans illustrated by the following:

Coordinate the review of appraisals to ensure compliance with bank policy, regulatory standards, and sound valuation practices

Assist with the managing of the approved appraisal panel for each region, including onboarding, monitoring performance, and maintaining required documentation

Develops or assists with development of procedure designed to ensure that the quality of appraisals is reviewed for accurate and correct information and inform lenders, appraisal reviewers, and others if reviews of appraisals are incorrect or are missing information

Follows established procedures and controls to ensure independence in the development, administration, and maintenance of the list of approved appraisers

Track and evaluate appraisal quality and timeliness, providing feedback and reporting trends to management

Manage and track periodic inspections of collateral and ensure timely payments by the dealer to the bank when inventory is sold

Manage and track periodic inspections of collateral securing commercial loans, including dealer floor plan inventory

Ensure timely repayment or curtailment of loans when collateral is sold

Oversee inspection results, identify discrepancies or red flags, and coordinate appropriate follow-up actions

Review floor-plan agreements and borrowers’ compliance with the agreements

Maintain proper file documentation which may include periodic analysis of creditworthiness and performance of the relationship, floor-plan agreements, hazard insurance, collateral valuations, invoices for new units, inspections, and financing statements (and related searches) filed with the applicable state agency

Qualification

Construction lendingCredit analysisLoan documentationAppraisal regulationsMicrosoft ExcelMicrosoft WordInterpersonal relationsCommunication skillsOrganizational skillsAttention to detail

Required

A Bachelor's Degree in a related field of study preferred; specialized construction lending and credit analysis education/training

Must demonstrate strong communication skills

Proficient interpersonal relations

Proficient PC skills, including Microsoft Word and Excel, and knowledge of lending software

Strong organizational skills and attention to detail, with the ability to manage multiple priorities and meet deadlines in a fast-paced environment

Demonstrated proficiency in all phases of loan documentation for commercial construction transactions

Strong working knowledge of appraisal regulations and appraisal reviews

A minimum of five (5) years' experience in related lending or banking positions preferred

Benefits

Our College Tuition Reimbursement Benefit can help you achieve your long-term career and educational goals

Medical Plans

Dental Plan

Vision Plan

Life Insurance

Disability Insurance

401(K) Plan

Paid Time Off

Paid Holidays

Employee Assistance Program

Banking Classes

Internal Advancement Opportunities

Paid Volunteer Time Off

Company

Peoples Security Bank & Trust

Peoples Security Bank & Trust has become one of the largest independent community banks in eastern Pennsylvania with a footprint stretching through Pennsylvania, New York, and New Jersey.

Founded in 1905

Scranton, Pennsylvania, USA

201-500 employees