Formula-Based Monitoring Officer - Secured Credit Administration - Cincinnati, O

WesBanco Bank, Inc • Uniontown, OH • 5h ago

Back 6h Formula-Based Monitoring Officer - Secured Credit Administration

32-8239

Multiple Locations Apply Apply for this job now! Apply Location This position is 100% remote within the Bank's footprint. Employee will work full time remote outside of a WesBanco location (may occasionally attend in person meetings, although primary functions of the role are performed remotely). Market Cincinnati Work Hours per Week 37.5 Requirements Bachelor Degree in business or minimum of four years related experience and/or training in commercial lending/loan documentation; or equivalent combination of education and experience. Commercial Credit experience required. Familiarity with commercial loan legal documents. Familiarity with Balance Sheets, Accounts Receivable/Payable schedules, Inventory and Equipment schedules. General understanding of systems and procedures used in making and servicing all @types of loans. Ability to read, analyze, and interpret Credit Policy and Commercial Loan Agreements. Job Description Summary Under the supervision of the Formula Based Lending Team Leader this position is responsible for the oversight of the Formula Based Monitoring Function. Position will track, analyze, and interpret documentation provided by borrowers as required by a Loan Agreement in support of funds advanced under a revolving line of credit. Position may also perform other related duties as determined by the Team Leader or Department Manager. Essential Duties and Responsibilities Tracks for the timely receipt of borrowing base certificates and other supporting documentation (such as Accounts Receivable and Payable Statements, Balance Sheets, Inventory Schedules), as may be required by a Loan Agreement as a condition of lending for a revolving line of credit. Reviews and analyzes borrower-provided information received to determine compliance with formula based requirements. Identifies and follows-up with the appropriate production staff those companies who have not filed required information in a timely manner to determine status. Reviews and analyzes recent and historical borrowing trends for any inconsistencies. Reviews and analyzes recent and historical collateral levels for any inconsistencies. Follows specific notification procedures for companies outside of its permissible borrowing requirements. Prepares and distributes reports of non-compliance with reporting requirements. Assures maintenance of appropriate records of work performed by Formula Based Lending staff. Offers guidance as to bank policy and industry standards to Lenders and Credit Risk Management during the underwriting process. Provides Credit Risk Management with borrower compliance information during the annual renewal process. May be assigned other duties and/or responsibilities within Secured Credit Administration, as needed. Computer Skills MS Office, including Word, Excel, Outlook, Power Point, and SharePoint. Familiarity with IBS and Capital Stream Finance Center preferred. Other Qualifications: High level of analytical ability to determine the risk involved in each transaction. Professional demeanor in appearance, interpersonal relations, work ethic and attitude. Possess clear, concise, effective written and oral communication skills to effectively express thoughts, ideas and concepts to management, bank employees and bank customers in a collaborative and solutions oriented manner. Ability to maintain confidentiality. Ability to effectively present information and respond to questions from executive management and/or groups of managers, lenders and customers. Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages.

Similar Jobs

Key Private Bank Client Service Associate (Canton)

KeyBank NA • Canton, OH • 5h ago

Finance, Accounting & Banking

Location: 166 Crocker Park Boulevard - Westlake, Ohio 44145 Job Summary The Client Service Associate (CSA) works in a centralized task queue environment supporting the Key Private Bank (KPB) regional sales teams by ensur...

5h ago

Go to Apply

Data Entry/Credit Administrative Assistant - Eurofins Environment Testing - Cleveland (Barberton), O

Eurofins • Barberton, OH • 9h ago

Finance, Accounting & Banking

Eurofins Scientific is an international life sciences company, providing a unique range of analytical testing services to clients across multiple industries, to make life and our environment safer, healthier and more sus...

9h ago

Go to Apply

Finance Director (Medicare/Medicaid) - REMOTE

Molina Healthcare • Akron, OH • 14h ago

Finance, Accounting & Banking

JOB DESCRIPTION Job Summary Responsible for analysis of Medicaid and Medicare financial reports, trend, and opportunities. Includes evaluation of and recommendations relating to business opportunities, Medicare bids, inv...

14h ago

Go to Apply

Accountant III

CHILDRENS HOSPITAL MEDICAL CENTER OF AKRON • Akron, OH • 1d ago

Finance, Accounting & Banking

Full-time, 40 Hours/Week Monday - Friday, 8am - 5pm Hybrid (Onsite 2-3 Days/week) Summary: This position handles accounting assignments with a high level of complexity and requires a solid understanding of financial acco...

1d ago

Go to Apply

Transmission Finance & Regulatory Analyst

FirstEnergy Corp • Akron, OH • 1d ago

Finance, Accounting & Banking

JOB DESCRIPTION FirstEnergy at a Glance We are a forward-thinking electric utility powered by a diverse team of employees committed to making customers' lives brighter, the environment better and our communities stronger...

1d ago

Go to Apply

Financial Solutions Center Manager

First Commonwealth Bank • Massillon, OH • 3d ago

Finance, Accounting & Banking

As a First Commonwealth Financial Solutions Center Manager, you will live out our Mission to improve the financial lives of our neighbors and their businesses. You understand the importance of the customer experience, an...

3d ago

Go to Apply

Finance Intern

Metallus • Canton, OH • 3d ago

Finance, Accounting & Banking

Joining the Metallus team means becoming part of a legacy that dates back over a century. We are an industry leader, manufacturing the cleanest steel in the world for companies in the industrial, aerospace and defense, a...

3d ago

Go to Apply

Transmission Finance & Regulatory Analyst

FirstEnergy • Akron, OH • 3d ago

Finance, Accounting & Banking

FirstEnergy at a Glance We are a forward-thinking electric utility powered by a diverse team of employees committed to making customers' lives brighter, the environment better and our communities stronger. FirstEnergy (N...

3d ago

Go to Apply

Mortgage Loan Originator

First Financial Bank • Seville, OH • 4d ago

Finance, Accounting & Banking

We do the right things, right now. We do them in a way that is relevant to our clients. Become a part of our history as it continues to be written! If you are interested and qualified for this role, we invite you to appl...

4d ago

Go to Apply

Supervisor, State and Local Tax (SALT)

Bober Markey Fedorovich • Akron, OH • 4d ago

Finance, Accounting & Banking

Big enough to serve regional, national and international clients, but small enough to foster a family atmosphere, Bober Markey Fedorovich is the perfect solution if you're looking for something a little different from th...

4d ago

Go to Apply

Subscribe to get new jobs sent directly to you
(no charge, cancel anytime)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.