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Heritage Bank NW · 1 month ago

Credit Review Officer/Credit Review Officer Senior (On-site)

Tacoma, WA, US

Full-time

Onsite

Mid, Senior Level

$83K/yr - $125K/yr

3+ years exp

Heritage Bank is seeking a Credit Review Officer/Senior to join their Credit Review team. The role involves independent reviews and appraisals of the Bank's loan portfolio to ensure compliance with credit standards and regulatory requirements.

Banking

Responsibilities

Participates in the evaluation of the bank's asset quality, assessing adherence with lending and portfolio policy, loan approvals, and evaluating and reporting on risk rating integrity

Performs regular credit reviews, ensuring loans adhere to general loan policy and regulatory guidelines

Assesses the accuracy of risk grades, timeliness of grade changes, justification of rationale, and adherence to bank policy for risk grading methodology

Prepares independent analysis and supporting documentation for loan reviews

Prepares reports summarizing portfolio quality and risk issues with recommended corrective action

Participates in the loan review process; makes recommendations to management to optimize the loan review program, as needed

Assists in the development and scope of the internal loan review process, including risk-based sampling of the loan portfolios, and coordinates with outsourced loan reviews

Prepares reports and work papers recapping discussions with loan officers and business unit management, and/or other functional areas under review to present risk issue findings and secure commitments for resolution of areas in question

Performs continuous monitoring of key business unit credit related activities and effectively documents and communicates findings to management

Maintains strong relevant knowledge of key legal, compliance, and market-risk issues involved in credit related activities

Promotes and maintains positive relationships with unit managers and staff; provides information and assistance when appropriate

Assists with site coordination and logistics for outside vendors, contractors, and staff performing third party commercial loan reviews

Performs continuous monitoring of key business unit credit related activities and effectively documents and communicates findings to management

Monitors assigned portfolios to evaluate proper coverage and assessment of risk on an ongoing basis

Maintains an independent viewpoint derived from fact-based analysis and patterns of performance

Qualification

Commercial lending experienceCredit risk assessmentLoan review experienceCredit Risk CertificationFinancial analysis skillsBanking regulationsMS Office proficiencyInterpersonal skillsWritten communication skillsTime management skills

Required

H.S. Diploma or equivalent required

Credit Review Officer - 3+ years recent experience in commercial lending, credit/loan review and/or similar position requiring strong business knowledge and credit judgment required

Credit Review Officer Senior - 7+ years recent experience in commercial loan review, underwriting, credit risk, or portfolio management in a mid to large size commercial bank, demonstrating advanced business knowledge and credit judgment required

Demonstrated ability to deliver exceptional customer service and maintain client relationships, both internally and externally

Business and financial analysis and modeling skills, with understanding of financial accounting, income statements, balance sheets, etc., requiring the ability to gather, analyze and prepare reports

Working knowledge of lending practices, policies, procedures, disclosures, and terminology related to banking laws, regulatory requirements, and legal documents

Understanding of the Bank's credit underwriting policies and approval process

Technical and analytical reasoning skills to synthesize information accurately and effectively to understand and interpret regulatory requirements and appropriately apply principles, procedures, requirements, regulations, and policies to the position

Well-developed interpersonal and written/verbal communication skills demonstrating the ability to communicate effectively, clearly and persuasively in a variety of settings, formats, and audiences; with the ability to read, write, speak, and understand English well

Strong planning, organizational, time management and follow up skills, demonstrating a strong sense of urgency and ability to execute quickly, timely and efficiently

Ability to multi-task and decide key priorities with confidence, motivation, decisiveness, flexibility, and sound business judgment

Unquestionable integrity in handling sensitive and confidential information required

Proficient use and understanding of MS Office products (Word, Excel, Outlook), with the ability to learn and adapt to new technologies quickly

Working knowledge of automated underwriting and financial systems – required

Preferred

Bachelor's Degree in Business, Economics, Accounting, Finance or relevant course of study preferred

Professional credentials as a (CRC) Credit Risk Certification, (CIA) Certified Internal Auditor, (FRM) Financial Risk Manager or other risk credentials preferred

Pacific Coast Banking School Graduate or equivalent preferred

Equivalent combination of education, training and experience in portfolio management, loan audit and/or credit risk may be considered