Covenant Compliance Review Analyst

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If you're looking for a career that empowers you to make meaningful connections, positively impact others, and pursue your personal and professional dreams-we'd love to meet you. Apply today and start the most rewarding chapter of your career with us.

Daily management support of assigned covenant compliance tests for commercial clients and desk top monitoring of borrowing base certificates as it pertains to asset-based line monitoring; as well as imaging documents received for asset based monitoring.

• Performs and administers the loan agreement covenant compliance monitoring system by reviewing and interpreting confidential financial statements, tax returns and supporting schedules to be used for covenant tests for borrowers and/or guarantors bank-wide based on their existing business loan agreements.
• Responsible for monitoring loan agreements for accuracy and deviations with regards to the approved CAS/ACAS and ensures that any deviations are properly approved / amended / modified.
• Responsible for determining if covenant violations exist, and if so, immediately advises and works with the Relationship Manager to resolve the violations and to ensure credit is properly risk-rated.
• Performs and monitors asset-based lines of credit to determine compliance within respective loan agreement funding definitions and ensures proper tracking of documentation.
• Communicates with the Relationship Manager and borrower's bookkeeper, CPA or outside CPA when errors are noted on the Borrowing Base Certificate and need resolution and correction.
• Notifies Relationship Manager of collateral shortfalls to avoid loss to the bank and monitors situation to ensure the shortfall is cured within its prescribed time frame.
• Maintains borrowing base report for exceptions meetings and adjust availability of RLOC.
• Ensures bank-wide proper tracking of documentation in regard to asset-based lines of credit.

• Assists Manager, as needed, with special tasks or projects such as engaging an Approved Asset-Based field auditor to perform a field audit on a pre-funding basis or a predetermined time schedule.
• Recommends changes and new procedures to improve efficiency in existing processes and procedures.
• Performs the tracking of policy exceptions in IBS that are identified on the approved CAS.
• Assists in training and development of new relationship managers and credit analysis team members on the credit review, field audit, covenant, exception process.
• Assists Covenant Compliance Department as needed to carry out objectives.

Supervisory Responsibilities

This job has no supervisory responsibilities.

Competencies
- To perform the job successfully, an individual should demonstrate the following competencies:

Analytical and Problem Solving
- Synthesizes complex or diverse information;
Collects and researches data;
Identifies and resolves problems in a timely manner;
Gathers and analyzes information skillfully;
Demonstrates attention to detail.

Interpersonal Skills/Customer Service
- Maintains confidentiality;
Responds promptly to requests for service and assistance;
Meets commitments.

Oral and Written Communication
- Listens and gets clarification;
Responds well to questions;
Writes clearly and informatively;
Presents numerical data effectively.

Teamwork
- Balances team and individual responsibilities;
Contributes to building a positive team spirit;
Supports everyone's efforts to succeed.

Organizational Support
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