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Loan Review Portfolio Management Team Lead

Company: First Midwest Bank
Location: Arlington Heights
Posted on: September 12, 2020

Job Description:

FT/PT: Full-Time

First Midwest, with assets over $20 billion, is the premier relationship-based banking franchise in the dynamic Chicagoland banking market. As one of the Chicago metropolitan area's largest independent bank holding companies, First Midwest provides the full range of commercial, retail banking, and wealth management services through some 120+ offices located in communities in metropolitan Chicago, Northwest Indiana, Central and Western Illinois, Eastern Iowa, and Southeast Wisconsin.

POSITION SUMMARY:

The Loan Review Portfolio Management Team Lead is expected to work and lead in a dynamic and changing environment to manage the day to day workflow of the Loan Review Portfolio Management team providing consistency and quality control. They will assess the overall effectiveness of the commercial and consumer loan portfolio management processes and procedures. Verify completeness of loan and collateral documentation as well as assure that lending and portfolio monitoring activities conform to policy and procedures. This position will manage, lead and develop members of the Loan Review Portfolio Management team. Assist the Loan Review Manager with execution of the Loan Review Plan and in the ongoing enhancement of a systematic loan review process.

REQUIRED EDUCATION, EXPERIENCE AND SKILLS:

Bachelor’s Degree in Business Administration, or equivalent experience required

Experience in a Loan Review function preferred

5-10 years’ experience in a commercial lending environment as a lender, portfolio manager, underwriter, credit analyst or documentation specialist.

Internal Audit experience in financial institutions a plus

Ability to develop working relationships at all levels within the organization

Experience/understanding of consumer credit preferred

Experience with commercial loan documentation, including commercial real estate required

Experience with commercial loan structures, financial reporting requirements and financial covenant monitoring

Experience with project management

Knowledge of Bank and appraisal regulations and guidelines

Strong communication and negotiating skills

Strong analytical and investigation skills with attention to detail

Ability to apply critical thinking to identify issues and exercise sound judgment

Ability to make important decisions which can impact the wider organization

Ability to maintain independence within the organization

Ability to set priorities, plan and follow through

Engage the credit process to assure consistent credit culture across the Bank

Employ intuitive insights and exercise judgment as to credit quality

Effectiveness of the overall portfolio management practices including: 1) loans are being adequately monitored in accordance with the credit policy; 2) financial statements are collected, reviewed and filed on a timely basis; and 3) financial covenants are monitored and tested

Completeness of loan and collateral documentation.

Track and monitor credit file and loan documentation exceptions and follow up for resolution

Complete process, procedure and oversight reviews to ensure data integrity in loan systems

Assist in the planning, execution and close out of loan reviews including reporting of exam results

Partner with Loan Operations and Collateral Control as needed in the resolution of errors and exceptions

Make recommendations, create action plans and track issues to closure

Maintain documentation to support accountability for results

Maintain quality and productivity of review product and reporting to established standards

Provide support to Lead Reviewers during kick-off, update and exit meetings

Leadership and Strategy:

Lead a team of Loan Review Portfolio Management Analysts

Provide mentorship, coaching and development for direct reports

Ongoing strategic design and development of Loan Review processes and procedures

Design of loan review system and workflow changes and ongoing enhancements

Scoping, planning, reporting and quality control for reviews

Identifying risk management issues with recommended corrective action plans and issue tracking

Planning for regulatory exams, audits and external loan reviews

Reporting:

Assist in the timely completion of final Loan Review reports for Group Heads, Line of business Directors and Senior Management

Assist with preparation of the Loan Review quarterly report to the Board of Directors and the Annual Loan Review Plan

Other Duties:

Recommend changes to the credit policy as needed

Travel (some overnight) to FMB locations for onsite reviews and/or training

Complete all required compliance training

Maintain current training levels in credit and Leadership/Management as offered by FMBU

Participate in the activities of Credit Administration and Loan Committees as required

Maintain proficiency in FMBs systems and technologies

Monitor and apply changes in the credit policy and regulations

Make recommendations for changes to the Loan Review program

Conduct training programs as requested

Special projects as assigned

#LI-TP1

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.

Please view Equal Employment Opportunity Posters provided by OFCCP here  and Supplement here .

Nearest Major Market: Chicago

Job Segment: Loan, Bank, Banking, Risk Management, Quality Assurance, Finance, Technology

Keywords: First Midwest Bank, Arlington Heights , Loan Review Portfolio Management Team Lead, Other , Arlington Heights, Illinois

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