Loan Review Officer performs reviews of bank's loans to ensure compliance with established policies and standards. Reviews small- to mid-size loans. Being a Loan Review Officer may prepare and provide loan data to accounting. Requires a bachelor's degree. Additionally, Loan Review Officer typically reports to a manager or head of a unit/department. The Loan Review Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Loan Review Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
POSITION SUMMARY
Under limited direction of the Chief Risk Officer, the Loan Review position will be the sole FTE dedicated to the bank's independent loan review activity, leveraging experience, analytical tools and specific loan file review techniques to validate the effectiveness of management's loan grading system, process of identifying problem loans. The position will have the responsibilities to quantify the level of risk associated with the commercial loan portfolio and loan grading system.
ESSENTIAL FUNCTIONS
MORE ABOUT THE ROLE
Required Attributes
Education/Experience
Employees are to adhere to all applicable regulatory compliance and personnel policies in the fulfillment of the specific duties of the position including Bank Secrecy Act (BSA), Compliance, Information Security, and Code of Ethics. Employees are required to complete all online compliance and regulatory courses.
SALARY GRADE: 37
*Macatawa Bank's full position description is available upon request.
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