Summary: This position is responsible for the day-to-day oversight and administration of the Bank’s loan portfolio on a continuing basis in order to prevent losses and/or improve over all quality of the loan portfolio; assure documentation is in compliance with loan policy approvals, state and/or federal regulations; assist in detection of deterioration in loan quality; review and ensure internal compliance objectives are met; provides oversight of the Bank’s loan approval process. This position is also responsible for establishing internal loan controls and written policies and procedures for Board approval, and there-by ensuring the quality of the loan portfolio. Prepares, presents and interprets reports to management, directors and regulatory agencies. Advises, counsels, trains and mentors lenders. Chairs the Bank’s Loan Approval Committee.
Essential Duties and Responsibilities include the following:
Manages the loan portfolio for appropriate mix, ensuring profitability without significant risk to the Bank. Ensures protection of the Bank’s interests by ensuring adequate documentation and adherence to the Bank’s policy and to laws/regulations applicable to department operations.
Reviews and implements necessary infrastructure to proactively accommodate the Bank’s lending goals in a timely manner.
Effectively manages all aspects of bank wide credit policy, credit administration and loan review.
Identify problem loans, make recommendations for assignment of loans to watch list that is reviewed quarterly with the board; discuss the status of problem loans with the President and senior lending officers and may make recommendations regarding the future credit information needs; identifies loans meeting non-accrual or charge-off criteria.
Oversees and ensures the implementation of sound credit decisions bank-wide.
Oversees and updates the Bank’s loan policy in a timely manner. Monitors compliance with the loan policy and appropriate regulations.
Reviews commercial and agricultural and agricultural loan requests in a timely manner; provides approvals and denials within established lending requirements.
Works with lenders and credit analysts on the structuring of loan requests to adequately meet both the needs of the customer and the Bank.
Chairs the weekly Loan Approval Committee meeting making sure that the appropriate protocol is established and followed.
May develop formal Loan Agreements for our large and/or problem credits and monitors compliance with conditions set forth in those agreements.
Prepares periodic studies of various portions of the loan portfolio including past due reports, concentrations of credit, stress tests, etc. for the benefit of supervisory and executive officers.
Manages the Bank’s Other Real Estate (OREO) portfolio. Works with realtors to sell OREO properties at a favorable return to the Bank.
Works with the Loan Support Supervisor to ensure that applicable areas provide prompt and efficient service to external and internal customers. Ensures that, through coordination with the Loan Support Supervisor, operations run efficiently, accurately and according to established policies and procedures.
Works with the Chief Financial Officer in calculating the Allowance for Loan and Lease Losses (ALLL) and reports finding to President, Senior Management and the Board of Directors.
Monitors and approves loan policy exceptions discovered during the underwriting and approval process, reporting such exceptions to the Board of Directors.
Reports regulatory exceptions to the Board of Directors on a quarterly basis.
Prepares monthly Chief Credit Officer Memo for presentation to the Board of Directors. This memo covers credit administration updates on topics including, but not limited to: watch list/classified loans, non-accrual loans, past due loans, denials and OREO.
Remains current with regulatory, accounting and other changes that effect lending in all aspects. Participates in training programs to ensure knowledge of all pertinent procedure and regulatory requirements to perform all aspects of this position in a competent manner.
Participates in managing larger problem loans and monitors workout activity.
Voting member of Loan Approval Committee.
Maintains proficiency in using all applicable software necessary for this position.
Required Education and Experience Bachelor’s degree in Finance, Business, Accounting or Economics and/or 8-10 years related experience and training. Work related experience should consist of a financial analyzing, accounting, or lending background. Master’s degree in Business, Accounting or Finance preferred.
Additional Eligibility Qualifications Advanced experience, knowledge and training in financial statement and tax return analysis typically resulting from a combination of education in accounting, financial and/or credit analysis or related areas. Advanced knowledge of commercial, agricultural, construction, real estate and consumer loan processing. Advanced knowledge of related state and federal loan regulations and other Bank lending policies. Proficiency in Access.
Since establishing business in 1887, The Bank of Tescott has built its reputation on personal service and community promotion. Family owned and locally operated in the Kansas communities of Tescott, Lincoln, Salina, and Lindsborg, The Bank of Tescott strives to provide customers with a competitive array of loan and deposit products that aid in their financial success.
At The Bank of Tescott, we ...know our people are our most important asset. Our success can be attributed to the quality with which the staff delivers our products and services to our customers and communities. We offer a comprehensive employment package which includes profit sharing and an ESOP.