Internal Quality Control Specialist

Title: Internal Quality Control Specialist

Department: Enterprise Risk Management

Location: Corporate- Not remote

Non-exempt

SUMMARY:

Assists Internal Auditor with performing internal audits, focusing on quality control reviews on processed and originated loans to limit the risk of losses. These loans may include mortgage loans, unsecured loans, secured loans, commercial loans, and indirect loans. Position will work closely with lending departments to ensure quality of loan portfolio.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

• Performs regular loan portfolio reviews based on credit union lending guidelines, ensuring credit standards are maintained and that the quality, completeness, and accuracy of supporting loan documentation is in place.

• Works interdependently with staff of the organization while at the same time conducts verification of work practices and procedures. Maintains an audit schedule daily, weekly, monthly, and annually that addresses all the major areas of risk in the organization.

• Inspects items in books of original entry to determine if accepted accounting procedure was followed in recording transactions.

• Verifies journal and ledger entries of cash and check payments, purchases, expenses, and trial balances by examining and authenticating asset portfolio items. (i.e., loans, investments, land and buildings, equipment, etc.)

• Prepares reports for management concerning scope of audit, financial conditions found, and source and application of funds.

• Completes the quality control checklists in the review of loan files. Ensures all file documentation is complete and correct. Assist in the preparation of monthly reporting for management on all loan files that have been quality checked.

• Adheres to the credit union's records retention policy and procedures guideline to effectively maintain records and to ensure full compliance with all applicable laws and appropriate regulatory agencies.

• Performs such other duties as assigned.

• Abides by the Service Standards established by the credit union.

PERFORMANCE STANDARDS:

Performs duties, responsibilities, and accountabilities in accordance with Generally Accepted Accounting Principles and Generally Accepted Auditing Standards for credit unions.

QUALIFICATION REQUIREMENTS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE:

High school diploma, or equivalent required. Some college preferred. At least 2 years of similar or related experience.

LANGUAGE SKILLS:

Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents. Ability to respond to common inquiries or complaints from customers,

regulatory agencies, or members of the business community. Ability to write speeches and

articles for publication that conform to prescribed style and format. Ability to effectively present information to top management, public groups, and/or boards of directors.

MATHEMATICAL SKILLS:

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

REASONING ABILITY:

Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.

CERTIFICATES, LICENSES, REGISTRATIONS:

None.

OTHER SKILLS and ABILITIES:

Ability to work with personal computer data base and spreadsheet program.

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee frequently is required to use hands to finger, handle, or feel objects, tools, or controls and reach with hands and arms. The employee is occasionally required to stand; walk; climb or balance; stoop, kneel, crouch, or crawl; and taste or smell. The employee must occasionally lift and/or move up to 30 lbs.

WORK ENVIRONMENT:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually quiet.