Hancock Bank - New Orleans, LA
posted about 2 months ago
Full-time - Mid Level
New Orleans, LA
About the position
The Loan Credit Specialist 3 position is responsible for reviewing, renewing, monitoring, and decisioning loan applications in a centralized environment, specifically for commercial and industrial (C&I) and commercial real estate loans. This role involves utilizing judgmental credit analysis underwriting approaches and providing support to Relationship Managers and other departments regarding loan decisions.
Responsibilities
- Provide loan decisions and/or credit recommendations based on a review of all underwriting criteria.
- Review financial statements and identify project cash flow and income potential from loan applications.
- Provide due diligence conditions required to approve loans, applying local knowledge of the commercial real estate market.
- Evaluate all commercial loan requests using knowledge of credit policy, guidelines, and procedures.
- Exhibit knowledge of fair lending issues, HMDA, and regulations impacting commercial lending.
- Utilize judgmental commercial credit underwriting skills to render decisions within assigned loan authority.
- Summarize and adjudicate final credit decisions on a credit processing system monitored by management.
- Refer and recommend loans above approval limits to a Senior Loan Credit Specialist or Team Leader.
- Perform in a dynamic production environment and meet productivity goals.
- Analyze the financial condition of existing and prospective bank customers.
- Review financial statements and tax returns to evaluate a Borrower's ability to repay.
- Seek alternative financing means or counter offers when original requests cannot be accommodated.
- Mentor lower-level Loan Credit Specialists and assist the document analysis center as needed.
Requirements
- Bachelor's degree in accounting, finance, or economics required.
- 5 years of credit analysis and/or loan review experience in the banking industry required.
- Attention to detail and excellent verbal and written communication skills.
- Proficiency with Microsoft Office applications, particularly Excel and Word.
- Knowledge of deposit and loan accounting systems preferred.
Nice-to-haves
- Intermediate Excel and Word skills.
