Commercial Loan Monitoring Specialist II


Responsible for maintaining Loan Monitoring System by updating the system upon receipt of required document reporting. Additional duties may include performing initial setup in the LMS system of reporting and financial covenant requirements for new, renewed or modified loans as stated in the Loan/Credit and/or Guaranty Agreements.
Key Responsibilities: Performs some or all of the following

  • Monitors email box daily and handles all incoming work in a timely manner.
  • Reviews financial documents to perform required covenant tests.
  • Reviews Loan/Credit or Guaranty Agreement, for required documentation, borrowing base and covenant definitions.
  • Builds Excel spreadsheet used for borrowing base and covenant calculations.
  • Performs independent calculation of borrowing base and covenant ratios as set forth in the Loan/Credit or Guaranty Agreements to verify customer compliance with stated covenants and Bank policy.
  • Maintains required Service Level Agreement (SLA) for covenant tests and posts covenant processing on individual SLA metric sheet.
  • Sends Standard Out of Compliance Notifications as necessary.
  • Maintains effective communication between Relationship Managers, Relationship Associates, Credit Risk Officers, LD&FC and other departments involved in the loan process.
  • Cross trains within LMS Team and performs other duties as assigned.
  • Participates and completes special projects as requested.


Minimum Qualifications

  • Bachelor s Degree in Business, Finance or Accounting or the equivalent of professional experience in commercial lending and loan documentation within a banking environment. May possess a combination of education and work experience.
  • Must have prior work experience in Loan Operations, Lending Origination, Accounting, Loan Review, Underwriting, Credit Risk or Internal Audit.
  • Must be able to independently calculate customer covenants using the definition and criteria in the Loan Agreement.
  • Must be able to effectively read and understand Loan Agreements, financial statements, accounts receivables/payables and various financial documents.
  • Must have Intermediate knowledge of Google Mail/Sheets, Word, Excel
  • Must have demonstrated organizational and analytical skills and be able to multi-task and meet deadlines in a fast paced environment.
  • Must be able to effectively communicate with the LOB, Underwriters, and Credit Risk Officers.
  • Must be able to work successfully both independently and within a team.
  • Must have ability to adapt to changing requirements and priorities.

Preferred Qualifications

Experience with AFS and Loan Monitoring Systems

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