Merakey Jobs

This job was posted by https://illinoisjoblink.illinois.gov : For more information, please see: https://illinoisjoblink.illinois.gov/jobs/12519329

SUMMARY

The Credit Risk Generalist manages the bank\'s credit risk by contacting delinquent loan accounts, developing credit information, and analyzing financial statements. They produce reports, perform collateral valuations, and monitor real estate tax tracking. The role also involves assisting with loan administration, maintaining compliance with loan policies, and conducting research for loan loss reserves.

The ideal candidate for this role should possess strong analytical skills, attention to detail, and excellent communication abilities. Direct experience or education in community banking or financial services is preferred.

This position is crucial for maintaining the bank\'s financial stability by managing credit risks and ensuring compliance with loan policies. The Credit Risk Generalist\'s efforts directly impact the bank\'s underwriting standards and contribute to the organizations overall success.

All employees are expected to protect the information and assets of the organization through heightened awareness of information security, cybersecurity, and risk management best practices, as well as complying with all applicable laws, regulations, and organizational policies.

ESSENTIAL DUTIES

• Regularly contact delinquent loan accounts to discuss their account status and to work out payment arrangements suitable to the Bank and the customer. Record all contacts in the Banks Risk Management tracking system.
• Develop credit information for use by relationship officers or committees in making decisions on problem credits.
• Review all pertinent credit and financial information including credit bureaus reports, appraisals, bank files and other credit reporting services.
• Analyze complex and non-complex financial statements and related material.
• Produce and maintain various reports pertaining to the banks overall credit risk profile to assist Credit Administration and other lending personnel.
• Assist in developing, maintaining, and monitoring compliance with loan policies and procedures as well as controls necessary to maintain consistent underwriting standards and loan quality.
• Assist with the administration of loan review and analysis for Consumer, Commercial, and Specialty lending segments.
• Assist in the administration and underwriting of loan requests using Commercial and Consumer Loan Operating Software.
• Perform and document valuations of loan collateral, repossessions, and OREO. Maintain written actions that document efforts to dispose of these assets.
• Review and analyze collateral appraisal reports to determine their adequacy. Perform collateral valuations.
• Monitor delinquent real estate tax tracking reports and take corrective action to ensure that real estate tax defaults are cured, or liquidation of collateral is initiated.
• Assist with completion of Problem Loan Action Plans (PLAPs) on criticized and classified credits.
• Complete research on unemployment, bankruptcy, and other economic data to be used in determining the appropriate level of loan loss reserve.
• Conduct monthly site visits on real estate collateral, including taking pictures and completing inspection reports.
• Generate and send various customer-facing communications regarding account activity.
• Process phone payments with delinquent borrowers and assist in accurately preparing daily payment files for processing.
• Prepare spreadsheet and financial information.
• Assist in ensuring that departmental objectives are achieved.
• Assume responsibility for additional projects and tasks as assigned.

EDUCATION & CERTIFICATIONS

• Associates degree in Finance, Accounting, a re ated field, or a commensurate combination of education and experience required.

MINIMUM REQUIREMENTS

• Strong organizational skills and attention to detail.
• Critical thinking skills and the ability to apply sound judgement in decision-making.
• Excellent communication skills and the ability to communicate effectively, verbally and in writing, with internal and external customers at all levels.
• Ability to interpret various ratios and relationships inherent in common or specialized financial and data-driven reports.
• Ability to complete standard calculations and apply basic mathematical concepts in practical situations.
• A positive and proactive approach to work, demonstrating enthusiasm, adaptability, and the ability to maintain composure and professionalism in stressful or adverse conditions.
• Proficient computer literacy, including comfort with Microsoft systems and Office Suite.
• Intermediate typing skills to meet the needs of this position.
• Current drivers license and reliable transportation with appropriate insurance coverage; additionally, the ability to drive occasionally in the course of performing assigned duties and responsibilities.
• The ability to work with minimal or no supervision.