Loan Workout Officer jobs in Lorain, OH

As our Loan Review Officer, you are responsible for reviewing a variety of new and existing loans. Using predetermined criteria, you review each portfolio to ensure compliance with our lending policies. You make sure that our high credit and collateral standards are maintained at all times. You also identify problem loans and make recommendations for final credit grades, including a detailed explanation of your rationale.

Requirements

• You act as an administrator of our tracking systems for financial statements and exception reports. Working closely with the Chief Credit Officer, you assist in the preparation for any audits. Under your excellent leadership, department personnel are inspired to perform their responsibilities in an efficient and accurate manner. Your style of management fosters teamwork, respect, accountability, and trust.
  

• In relation to the extension of credit, you assist in developing policies and procedures for risk management. Using existing loan relationships, you validate the accuracy of our credit grading and loan rating system. You evaluate portfolio trends with respect to multiple areas, such as delinquency, bankruptcy, demographics, and other factors. Additionally, you prepare monthly and quarterly reports as well as make presentations to the board.
  

• You also review bank processes associated with loan approvals, policy exception reporting, supervisory loan to value limits, underwriting, covenants, internal controls, concentration reporting, and the allowance for loan and lease loss (ALLL) methodology. You get great satisfaction out of playing an important role in our loan origination and risk management, so we can continue serving our valued banking and lending customers!
  

Qualifications:

• Bachelor's degree in business, finance, accounting, or a related field
  

• 7 years of commercial, consumer, or mortgage loan origination or analysis experience
  

• Ability to effectively uses Microsoft Office Suite and other applicable software solutions
  

• Ability to comply with the Bank Secrecy Act along with laws and regulations associated with money-laundering, such as the USA PATRIOT Act and OFAC
  

• Leadership ability
  

If that sounds like you and you’re excited by the idea of joining a world-class team that’s passionate about growing together, we look forward to hearing from you. Apply Now!

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Meet Pyxai

Screening and Recruiting Company - 11-50 employees

Pyxai (pronounced picks-eye) is an innovative technology company focused on bringing the transferable skills (soft skills) of job candidates to the forefront of the hiring process. Resumes do a great job at listing education and experience, but how does anyone knows how well a job candidate communicates, how great they problem solve, or even how flexible they are?  At the top of the hiring funnel, these are unknowns and they shouldn’t be. Research shows these skills truly hold the key to career success across all industries. 

Really think about it.  If you’re a genius at your job, but you can’t communicate well with others, how would that impact you at your job? Here’s a clue: misunderstandings or no communication at all creates conflict with others due to misalignments in expectations. Bottom line, poor soft skills lead to inefficiencies and conflicts at work (and in personal life too!).

With this in mind, Pyxai specializes in qualifying hard skills and screening for the soft skills most applicable to the role. We do this via our proprietary Video Interviewing technology. We focus on Operation-related jobs from Entry-level roles to Director-level roles. Our hope is to build long-lasting partnerships by providing clients and candidates with powerful data, great service, and valuable information to empower their searches.