Main Office: 800 Philadelphia Street, Indiana, PA 15701
Plum: 7660 Saltsburg Road, Pittsburgh, PA 15239
Cuyahoga Falls: 2032 Front Street, Cuyahoga Falls, OH 44221
West Chester: 2 North Church Street, West Chester, PA 19380
East Falls: 4341 Ridge Avenue, Philadelphia, PA 19129
Camp Hill Corp: 3314 Market Street, Camp Hill, PA 17011
Work Days and Expected Hours:
Monday-Friday: 8:00 AM to 5:00 PM
(Additional hours as necessary to meet the objectives of the department).
Function: Assumes responsibility for moderately complex activity of Formula Based Commercial Loan monitoring and operations, as well as Commercial Construction Loan monitoring and operations. Ensures the timely processing of commercial loan draw requests, monitors collateral positions, project status conditions, performance metrics and borrower trends. Receives formula-based collateral reporting and performs ongoing analysis of the borrowing base.
Duties and Responsibilities:
Reviews and analyzes borrowing base certificates, account receivable schedules, account payable schedules, inventory listings and other various collateral reports to ensure compliance with Formula Based Line of Credit conditions.
Communicates core system maintenance information to the Loan Systems Department for availability on Formula Based loans.
Participates in discussions with account officers and helps prepare information for Commercial Loans, underwriting including: Collecting and analyzing collateral data for proper loan structure.
Reviews and analyzes loan documentation to determine appropriate recommendations.
Receives and responds to various customer questions, works to resolve issues and provides ongoing customer service in the administration of Formula Based and Construction loans.
Ensures compliance with existing loan policies and procedures.
Provides assistance regarding accounts to less experienced Secured Credit Administrators.
Reviews borrowing base certificates and supporting schedules and approves loan requests for Formula Based loans.
Reviews AIA documents, invoices, project budgets, engineer inspection reports and title updates in the monitoring of large, complex commercial construction loans.
Contacts Formula based customers who are delinquent on their collateral reporting and reports the delinquent status to the Commercial Banker, Regional Credit Officer and Secured Credit management.
Maintains a database and files on Formula Based Collateral reports, as well as information necessary to verify collateral and supporting documentation on Construction Loans.
Maintains databases and files for Commercial Construction loan budgets, loan adequacy, project timelines, interest reserves and absorption rates.
Coordinates third party inspections by professional engineers of commercial construction projects, reviews results and discusses variances with engineer and utilizes report to decision construction loan disbursements.
May be asked to conduct site inspections on Construction Loans and Formula Based Loans to verify collateral.
Assists in the preparation of summary reports of the Formula Based Lines of Credit and Commercial Construction Lines of Credit portfolios.
Coordinates 3rd party audits of certain Formula Based Lines of Credit customers. Reviews results of audit and reports findings to Commercial Lending Account Officer, Regional Credit Officer, Credit Management and Lending Management.
Independently monitors a portfolio of commercial construction and formula-based loan accounts and is responsible for ensuring loans are in compliance with the Credit Memo and Business Loan Agreement. Responsible for reporting any exceptions or performance issues.
Performs loan request callback procedures to external customers to ensure appropriate customer representatives are requesting funds.
Utilizes the bank's credit underwriting, approval and workflow system, nCino, to track loan status, verify pre-funding documentation and approve initial funding.
Maintains a good working relationship with bank employees, demonstrates interpersonal skills with the ability to work independently, as well as motivated to work as a team player to contribute to the success of the department and in turn, the organization.
Assumes additional responsibilities as required.
50% of the day is spent operating a keypad device. 10% of the day is spent operating office equipment. The primary parts of the body involved in performing these tasks are fingers, thumbs, and hands. Sitting is required 75% of the day. Walking moderately is required 25% of the day. Requires the use of dexterity skills for typing and data entry up to 40% of the business day. Specific vision requirements include close vision of 18"-20" for computer work. Reasonable accommodations may be made to enable with disabilities the ability to perform essential functions.