Resort Finance Loan Officer Job at Liberty Bank
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OVERALL OBJECTIVE
Reporting to the Resort Finance Manager the incumbent is responsible for the origination and underwriting of timeshare loans and the sale of participation/ syndication interests to other financial institutions.
ESSENTIAL FUNCTIONS
The incumbent reports to the Resort Finance Manager and is responsible for originating and underwriting timeshare loans in the $5MM to $250MM range. (Larger relationships require putting together participations/syndications.) Analyzes new timeshare loan applications including analysis of financial statements. Works with attorneys and borrowers to insure proper documentation, and with servicing companies to insure efficient funding and proper reporting of monthly activity. Analyzes delinquency statistics, and identifies potential problem loans. Works with counsel and borrower to resolve delinquent accounts. Selects, recommends, and presents loans for approval to Credit and Loan Committees. Conducts on-site inspections and performs servicing and custodian audits on an annual basis. Maintains effective relationships with existing borrowers, potential borrowers, brokers, attorneys and timeshare servicing companies. Identifies and develops opportunities for new business development. Identifies potential prospects for the sale of large timeshare loans. Makes presentations to these institutions and coordinates all aspects of closing the transaction. Acts as primary liaison with participating/syndicating institution for the duration of the loan. Prepares accurate and comprehensive reports on timeshare portfolio.
DIMENSIONS
Portfolio: $100 - 150MM
Originate and Underwrite Loans: $5 - 250MM range
PHYSICAL DEMANDS/EQUIPMENT OPERATION
General Office Equipment
Ability to Travel (20-25% airline)
MINIMUM KNOWLEDGE/SKILLS REQUIRED
Language, reasoning, and analytical skills at a level normally acquired through completion of a Bachelors Degree and/or equivalent professional experience. Prior commercial lending/asset based lending/commercial real estate lending experience required.
ACCOUNTABILITIES
Primary:
Business
Development 1. Develops and nurtures new client relationships to attain established lending goals and objectives.
Underwriting 2. Underwrites sound, quality timeshare loans.
Inspections 3. Performs thorough and regular inspections and audits.
Workout 4. Recommends appropriate strategies for dealing with problem loans and effectively manages the collection of delinquent accounts and workout of troubled assets, REO process and asset disposition.
Loan Sales 5. Negotiates, sells, and services participation/ syndication interests to other financial institutions.
EEO 6. Shall provide equal employment opportunity to all qualified persons and continue to recruit, hire, train, and evaluate persons in all jobs without regard to race, color, religion, sex, or national origin.
Compliance 7. Adheres to applicable federal and state regulations
and Bank policies and procedures, including OFAC,
BSA, PATRIOT Act, Privacy, and consumer
protection regulations pertaining to incumbent’s
business line.
8. Completes required training (on-line and in person) by set due dates.
Secondary:
Cross-Sell 1. Cross-sells other Bank products to timeshare customers with emphasis on DDA and other non-interest bearing accounts.
Portfolio
Management 2. Efficiently manages an assigned timeshare portfolio to maintain the Bank’s investment criteria ensuring quality underwriting and processing standards.
Currency 3. Keeps abreast of trends and developments within the industry.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin, disability, protected veteran status.
Please Note :
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OVERALL OBJECTIVE
Reporting to the Resort Finance Manager the incumbent is responsible for the origination and underwriting of timeshare loans and the sale of participation/ syndication interests to other financial institutions.
ESSENTIAL FUNCTIONS
The incumbent reports to the Resort Finance Manager and is responsible for originating and underwriting timeshare loans in the $5MM to $250MM range. (Larger relationships require putting together participations/syndications.) Analyzes new timeshare loan applications including analysis of financial statements. Works with attorneys and borrowers to insure proper documentation, and with servicing companies to insure efficient funding and proper reporting of monthly activity. Analyzes delinquency statistics, and identifies potential problem loans. Works with counsel and borrower to resolve delinquent accounts. Selects, recommends, and presents loans for approval to Credit and Loan Committees. Conducts on-site inspections and performs servicing and custodian audits on an annual basis. Maintains effective relationships with existing borrowers, potential borrowers, brokers, attorneys and timeshare servicing companies. Identifies and develops opportunities for new business development. Identifies potential prospects for the sale of large timeshare loans. Makes presentations to these institutions and coordinates all aspects of closing the transaction. Acts as primary liaison with participating/syndicating institution for the duration of the loan. Prepares accurate and comprehensive reports on timeshare portfolio.
DIMENSIONS
Portfolio: $100 - 150MM
Originate and Underwrite Loans: $5 - 250MM range
PHYSICAL DEMANDS/EQUIPMENT OPERATION
General Office Equipment
Ability to Travel (20-25% airline)
MINIMUM KNOWLEDGE/SKILLS REQUIRED
Language, reasoning, and analytical skills at a level normally acquired through completion of a Bachelors Degree and/or equivalent professional experience. Prior commercial lending/asset based lending/commercial real estate lending experience required.
ACCOUNTABILITIES
Primary:
Business
Development 1. Develops and nurtures new client relationships to attain established lending goals and objectives.
Underwriting 2. Underwrites sound, quality timeshare loans.
Inspections 3. Performs thorough and regular inspections and audits.
Workout 4. Recommends appropriate strategies for dealing with problem loans and effectively manages the collection of delinquent accounts and workout of troubled assets, REO process and asset disposition.
Loan Sales 5. Negotiates, sells, and services participation/ syndication interests to other financial institutions.
EEO 6. Shall provide equal employment opportunity to all qualified persons and continue to recruit, hire, train, and evaluate persons in all jobs without regard to race, color, religion, sex, or national origin.
Compliance 7. Adheres to applicable federal and state regulations
and Bank policies and procedures, including OFAC,
BSA, PATRIOT Act, Privacy, and consumer
protection regulations pertaining to incumbent’s
business line.
8. Completes required training (on-line and in person) by set due dates.
Secondary:
Cross-Sell 1. Cross-sells other Bank products to timeshare customers with emphasis on DDA and other non-interest bearing accounts.
Portfolio
Management 2. Efficiently manages an assigned timeshare portfolio to maintain the Bank’s investment criteria ensuring quality underwriting and processing standards.
Currency 3. Keeps abreast of trends and developments within the industry.
- LI-AM1
- LI-HYBRID
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin, disability, protected veteran status.
Please Note :
apexdining.ca is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, apexdining.ca provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, Site.com is the ideal place to find your next job.