Senior Commercial Loan Review Analyst Iii - Hybrid

Senior Commercial Loan Review Analyst III

Hybrid – 4 days office, 1 day remote for the first 45 days, then will return to standard 3days office, 2 days remote.

$100,000 - $125,000 base + 7% bonus

Overview:

Performs all functions related to the review & evaluation of Multifamily & CRE mortgage loans and portfolios pledged to the FHLBNY, then prepare and present final reports to Senior Management. The due diligence process will include a review of Credit documents including appraisal reports, property income & expense statements, etc., and complete a new cash-flow analysis. The due diligence process also includes a review of loan Collateral documentation including Notes, Mortgages, Title Insurance Policies, etc., as well as the review of member banks commercial real estate lending polices & procedures. Position involves interacting with FHLBNY & member bank senior management. Additional duties will be assigned as needed and may include cross training in support of the residential review process.

Essential Duties:

• Performs all functions related to the review & evaluation of Multifamily & CRE mortgage loans and portfolios pledged to the FHLBNY. The due diligence process will include a review of Credit documents including appraisal reports, property income & expense reports, etc. Prepare a cash-flow analysis on a loan-by-loan basis as needed. The due diligence process also includes a review of loan Collateral documentation including Notes, Mortgages, Title Insurance Policies, etc., as well as the review of member banks commercial real estate lending polices & procedures.
• Manages as Lead Analyst or participate as Analyst in the review of members’ commercial real estate mortgage collateral, ensuring compliance with the Bank’s credit and collateral policies, operating standards, procedures, guidelines and FHFA Regulations and Advisory Bulletins.
• Evaluates and test collateral files to determine conformity and compliance with regulatory guidance and Bank policy and procedures. Evaluate financial and credit components of members reported financial data.
• Works with Legal Department in the review, evaluation and analysis of members’ purchase, servicing, custodial, and participation/syndication agreements, encumbering pledged collateral to determine impact to eligibility and perfection of security interest.
• Manages workflow and perform timely follow-ups to issues identified during reviews.
• Loan & Portfolio Reviews may involve travel up to 50% of the time. Travel to member bank locations may include air, rail, rental car or driving one’s own vehicle. The method of transportation is typically governed by cost-effectiveness. Overnight stays can be required and may extend up to two weeks consecutively. Employee must be able to travel any time of the year to any geographic location within the US, Puerto Rico & The US Virgin Islands, and be able to handle extended timeframes for review, and flexibility with short-notice scheduling. Conditions at on-site locations and accommodations may vary; as such, employee must be able to handle a variety of working conditions.
• Stays abreast of federal regulations, policies, internal procedures and other compliance requirements that govern or impact all types of pledged collateral.
• Recommends and oversees enhancements to review process and due diligence procedures, supporting systems and testing thereof, associated policies, operating standards, procedure and guideline revisions to coordinate with changes initiated by regulation, management or industry standards.
• Performs evaluation of member pledged mortgage collateral using the Bank’s approved collateral valuation methodology and data capture application.
• Participates in management meetings when necessary, presenting review results and recommendations.
• Prepares a summary report of review findings, and recommendation for an adjustment to risk margins being applied.
• Reviews & analyzes pledge requests of loans $25 million and greater. Prepare written recommendation regarding loan acceptance or denial.
• Keeps abreast of credit guidelines and legal documentation requirements in The USA , Puerto Rico & US Virgin Islands.
• Collaborates with other departments or members to improve data submissions. Perform additional departmental assignments or projects as needed.

Education:

· BA or BS in Business related field or Liberal Arts; or relevant industry experience

Skills:

· Strong written and oral communication skills; Strong organizational, analytical and interpersonal skills. PC literacy in spreadsheet, word processing and data base applications. Valid State Driver’s License required. Proficiency in Spanish language is a plus.

Experience:

• · Required: 2+ years of Multi-family & CRE underwriting/cash-flow analysis -OR- 2+ years of Multi-family & CRE appraisal experience. Commercial loan review, appraisal review or legal document review is a plus. Computer literacy, and strong working knowledge of spreadsheet & word processing programs is also required.