Portfolio Credit Risk Review & Special Assets (Temporary Position)

FVCbank
Portfolio Credit Risk Review and Special Assets (Temporary Position) - Job Description
Title: Portfolio Credit Risk Review and Special Assets (Temp)

Type:  Full-Time, Temporary

Location: DMV
Department(s): Credit Administration
Reports to: SVP of Portfolio Credit Risk and indirectly to SVP Special Assets

***Temporary Position with Possibility of Extension and Permanent Placement***
This position is being offered on a temporary basis, with an initial term of 6-9 months. Based on business needs and performance, there is a potential for an extension of the assignment beyond the initial period. Additionally, this role carries the opportunity to transition into a permanent position within the bank at its discretion, subject to satisfactory performance and future bank’s needs.

Job Summary
The role will support the activities of the Portfolio Credit Risk Review team 60% of the time, Special Assets team 30%, and special projects or other duties as assigned 10%.  The role will require a seasoned credit or lending professional who is familiar with and understands the Bank’s primary lending footprint and can discern risk with little oversight.  

The primary role of the Portfolio Credit Risk Review Officer position is to perform a detailed loan review of assigned loans, on an annual or more frequent basis, within the Bank’s portfolio.  The purpose of this is to ensure covenant compliance, appropriate risk ratings, and monitoring for any deterioration in credit quality. The Portfolio Credit Risk Review Officer will work with the Lending team and the Relationship Managers for the collection of financial data necessary to perform the annual review.  

Secondarily, Special Assets activities will primarily assist with a portfolio of problem commercial loans and/or deposit relationships.  Develops a workout plan in conjunction with the CCO and SVP of Special Assets and administers and restructures problem loans, including extremely complex situations, with very little supervision to assure optimal levels of principal, interest and expense recovery. Evaluates customer relationships to determine a retention plan and identifies opportunities to restructure and cross sell Bank products to maintain customer relationships where appropriate.

Essential Job Functions (60%)
Must have a comprehensive understanding of lending products, lending process and the Loan Review function as it relates to the review of lending portfolios.  This includes understanding loan origination, loan maintenance, regulatory requirements, and regulatory examiners’ expectations.
Complete and perform a detailed analysis using the Bank’s forms for annual/ quarterly reviews in a timely fashion and test financial covenant compliance within the assigned portfolio.
Utilize sensitivity analysis, stress testing, market trend, and other analytical methodologies to anticipate any credit trends or deterioration and obtain insights into portfolio performance and market opportunities.
Determine the degree of risk involved for individual loans within the portfolio and ensure loans are appropriately risk rated according to loan policy on an ongoing basis as assigned.
Perform and monitor CRE market sectors on a quarterly basis as assigned.
Analyze business and personal financial statements, cash flows and tax returns using Bank’s software applications.
Supplement analysis with research and evaluations from a wide variety of sources such as the Bank’s data systems, Internet, Dunn & Bradstreet, RMA, CoStar, Lexis Nexis and general market databases in order to develop an assessment of client, competitor and industry risks and trends.
Assist with the monitoring the collection of financial reporting requirements and clearing of items on loan exception report.
Review and Approve Borrowing Base Certificates through the bank’s software.
Essential Job Functions (30%)
Participate in the ALLL meeting and support the CCO in completing and preparing for the meeting.  Participates in the CECL readiness project.
Manages the loan workout process and performs highly complex analysis related to ASC 310 for troubled loans and supports and defends analysis with external auditors and regulators;
Reviews daily reports to identify migration trends which may lead to adverse situations; recommends loans to be transferred to Special Assets;
Manages troubled assets in an efficient and orderly fashion utilizing legal strategies in conjunction with the CCO to assist the Bank in reducing losses;
Daily control of overdrafts on deposit accounts related to troubled assets.
Coordinates insurance coverages for bank owned properties and properties lacking proper insurance coverage.
Evaluates financial information, collateral, legal documentation and other available information to project probable and maximum loss exposure to Bank.
Determine the degree of risk involved for individual loans in assigned portfolio and ensure loans are appropriately risk rated according to loan policy on an ongoing basis;
Complete and prepare detailed Classified Asset Reports and impairment calculations for Watch List loans on a quarterly basis with a defined recommended plan of action;
Negotiates and contracts with various professionals such as attorneys, appraisers, brokers, etc. to provide services of significant cost to ensure best cost/benefit return to Bank. 
Analyze business and personal financial statements, cash flows and tax returns using Bank’s software applications
Supplement analysis with research and evaluations from a wide variety of sources such as the Bank’s data systems, Internet, Dunn & Bradstreet, RMA, CoStar, Lexis/ Nexis and general market databases in order to develop an assessment of client, competitor and industry risks and trends
Proactively monitor the collection of financial reporting requirements and clearing of items on loan exception report;
Perform extensive analysis on business and loan risks and apply proper relationship management to either collect all balances and/or rehabilitate relationship
Maintain regular contact with borrowers and/or guarantor and motivate the client to perform
Recommend and implement legal action, if necessary, upon default (i.e. foreclosure, levies, attachments, bankruptcies), while ensuring proper collection procedures and techniques are followed and documented in accordance with local, state and federal laws and regulations 
Act as a liaison between the Bank and counsel to ensure legal process is initiated in a timely manner and will perform required actions in accordance to instructions
Possess a thorough understanding and ability to review loan documentation or determine perfection of lien and claims against borrowers and guarantors are valid
Maintain updated collection reports and account communication records on criticized/ classified loans, as well as maintain delinquency and loss performance ratios consistent or better than those for similar loan portfolios based on established benchmarks internal, regional and national comparison surveys
Initiate timely recovery actions against charge-off loans and will establish repayment programs, negotiate settlements or legal actions in an effort to recover Bank losses
Essential Job Functions (10%)
Perform other duties as assigned
Job Requirements
Bachelor’s degree in Accounting or Finance or equivalent degree with 5-8 years’ direct work experience/training 
Ability to multi-task and perform duties with limited supervision 
Ability to focus on task and be detail oriented
Strong analytical skills
Excellent written and verbal communication skills
Proficient in Microsoft Office Suite
Proficient with Imaging system (M-File)
 

Desired Skills
Thorough understanding of Workout procedures and regulations
Thorough understanding of financial analysis required to perform annual review/renewal
Extended course work in accounting and/or finance
Ability to support and defend decisions on recommended risk rating and/or workout strategies  
Ability to communicate effectively in a logical and succinct format, verbally or in writing
Complex commercial credit analysis skills 
Understanding of workout strategies
A thorough knowledge of commercial loan documentation 
 

Essential Functions
Ability to sit, stand, kneel, and bend for extended periods of time.
Must be able to operate a computer keyboard, mouse, and other computer components.
Ability to converse and exchange information with all levels of staff within the organization.
Ability to observe, perceive, and identify data.
Ability to travel via air, rail, automobile, and/or bus.
Disclaimer
The position for which you are applying is one that would have access to cash, financial instruments, financial transactions, or confidential customer financial information. The Bank has determined that personal financial responsibility is substantially related to preventing misuse of misappropriation of financial instruments or information which is essential function of the position for which you are applying. A consumer report and additional background reports are requested of all applicants on that basis.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

We are an Affirmative Action/EEO Employer. We do not discriminate on the basis of race, color, religion, national origin, physical or mental disability, protected veteran status, sex, gender identity, sexual orientation or any other characteristic protected by federal, state or local law.  

Apply at www.fvcbank.com / Careers Tab