Credit Monitoring Analyst

Towne Family of Companies•Suffolk, VA

About The Position

Primary Purpose: Direct responsibility for managing loan covenant compliance and required portfolio monitoring items. With the goal of risk surveillance and satisfying regulatory requirements. Along with assisting in other Credit Administration duties as assigned. Essential Responsibilities: Manage Credit Monitoring database. Make sure all monitored credits are set up accurately in the database. Review borrowing base reports as they are received for accuracy. Audit the source documents. Update database as monitored reports are submitted. Check covenant compliance reports for accuracy. Audit source documents. Alert lender if serious delinquency, out-of-base, or out of compliance and notify assigned Senior Credit Administrator. Track and report frequency of covenant exceptions and waivers. Review and approve Commitment Letters and Loan Agreements for all ABL credits before closing. Assist with loans requiring financial covenants and non-standard financial reporting as needed. Manage documentation exceptions for all ABL credits and assist with loans requiring financial covenants and non-standard financial reporting as needed. Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA). Other duties as assigned.

Requirements

College degree in business, accounting, or finance.
Strong attention to detail and following established processes.
Previous experience in lending, or credit administration.
Strong written and oral communication skills.
Experience with computers, Outlook, Excel, Word, etc.

Nice To Haves

Ability to stay objective under various conditions.
Excellent ability to steer credit requests in a direction advantageous to the bank.
Self-starter and a strong ability to multi-task.

Responsibilities

Manage Credit Monitoring database.
Make sure all monitored credits are set up accurately in the database.
Review borrowing base reports as they are received for accuracy.
Audit the source documents.
Update database as monitored reports are submitted.
Check covenant compliance reports for accuracy.
Audit source documents.
Alert lender if serious delinquency, out-of-base, or out of compliance and notify assigned Senior Credit Administrator.
Track and report frequency of covenant exceptions and waivers.
Review and approve Commitment Letters and Loan Agreements for all ABL credits before closing.
Assist with loans requiring financial covenants and non-standard financial reporting as needed.
Manage documentation exceptions for all ABL credits and assist with loans requiring financial covenants and non-standard financial reporting as needed.
Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA).
Other duties as assigned.