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Req ID:  3842
Location: 

Chicago, IL, US, 60631

Loan Review Portfolio Management Specialist

FT/PT:  Full-Time

First Midwest, with assets over $16 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, and Eastern Iowa. 

POSITION SUMMARY:

The Loan Review Portfolio Management Specialist will work in a dynamic and changing environment to help execute the workflow of the team, providing consistency and quality control. You will help 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.

REQUIRED EDUCATION, EXPERIENCE AND SKILLS:
  • Bachelor’s in Business Administration, or equivalent experience
  • 3 + years’ experience in banking in either a commercial/retail lending, audit, or risk and compliance
  • Ability to develop working relationships at all levels within the organization
  • Experience/understanding of consumer credit preferred
  • Understanding of commercial loan documentation preferred
  • Understanding of financial reporting and financial covenant monitoring requirements
  • 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

#LI-DF1  #CB

DUTIES/RESPONSIBILITIES:
  • Review of commercial and consumer loans of all types, sizes and complexity to evaluate the:
    • 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
  • 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
  • Help develop data analytics to identify credit risks within the loan portfolios
  • Assist the Loan Review Portfolio Management Team Lead in:

Reporting:

  • Assist the Loan Review Portfolio Management Team Lead in the timely completion of final Loan Review reports for Group Heads, Line of business Directors and Senior Management
  • Assist the Loan Review Portfolio Management Team Lead with preparation of the Loan Review quarterly report to the Board of Directors and the Annual Loan Review Plan

Other Duties:

  • Travel (some overnight) to FMB locations for onsite reviews and/or training
  • Complete all required compliance training
  • Participate in the activities of Credit Administration and Loan Committees as required
  • Maintain proficiency in FMB systems and technologies
  • Make recommendations for changes to the Loan Review program
  • Conduct training programs as requested
  • Special projects as assigned

First Midwest Bank continually looks for highly motivated and talented individuals. Our people are critical to the Bank's strategy and success. In return we offer competitive salaries, a bonus plan, outstanding benefits like 401K plus 6% company contribution, generous vacation plan, certification and continuing education support, and opportunities for career growth.

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

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