Commercial Collateral Analyst

Description:

If you are looking for a great place to work, and reach your potential, look toPeoples Security Bank & Trust.We continue to grow and are always looking for the right people to join our team.#TeamPSBT

Our Commercial Collateral Analyst is responsible for the day-to-day servicing, monitoring, and administration of commercial construction loans and collateral portfolios. This position ensures accurate and timely monitoring and processing of construction draws, proper collateral oversight, and compliance with internal policies and regulatory requirements.

Essential Duties:

• Reviews draw requests submitted to the Bank for errors and potential issues.
• Inputs data into excel spreadsheet or construction loan tracking software and monitors information to ensure that draw requests are within the approved budget, the progression of a development’s improvement and the compliance with covenants (sales pace, timing of completion, etc.).
• Obtains additional information (mechanic lien waivers, copies of bought-out contracts, copies of invoices, title bring-downs, etc.) as required and as they relate to a specific project from the Borrower, Contractor, Title Agent, etc.
• Orders and reviews inspection reports.
• Interacts with Borrower/Lender/Lender’s Administrator relating to specific questions (change orders, budget modifications, etc.) and the funding of draw requests.
• Handle modification of existing templates for new construction loans to meet the needs of a specific project.
• Manages the appraisal review process for certain commercial loans illustrated by the following:
• Coordinate the review of appraisals to ensure compliance with bank policy, regulatory standards, and sound valuation practices.
• Assist with the managing of the approved appraisal panel for each region, including onboarding, monitoring performance, and maintaining required documentation.
• Develops or assists with development of procedure designed to ensure that the quality of appraisals is reviewed for accurate and correct information and inform lenders, appraisal reviewers, and others if reviews of appraisals are incorrect or are missing information.
• Follows established procedures and controls to ensure independence in the development, administration, and maintenance of the list of approved appraisers.
• Track and evaluate appraisal quality and timeliness, providing feedback and reporting trends to management.
• Manage and track periodic inspections of collateral and ensure timely payments by the dealer to the bank when inventory is sold.
• Manage and track periodic inspections of collateral securing commercial loans, including dealer floor plan inventory.
• Ensure timely repayment or curtailment of loans when collateral is sold.
• Oversee inspection results, identify discrepancies or red flags, and coordinate appropriate follow-up actions.
• Review floor-plan agreements and borrowers’ compliance with the agreements
• Maintain proper file documentation which may include periodic analysis of creditworthiness and performance of the relationship, floor-plan agreements, hazard insurance, collateral valuations, invoices for new units, inspections, and financing statements (and related searches) filed with the applicable state agency.

Benefits Offered to Peoples Security Bank Employees

**Our College Tuition Reimbursement Benefit can help you achieve your long-term career and educational goals**

• Medical Plans
• Dental Plan
• Vision Plan
• Life Insurance
• Disability Insurance
• 401(K) Plan
• Paid Time Off
• Paid Holidays
• Employee Assistance Program
• Banking Classes
• Internal Advancement Opportunities
• Paid Volunteer Time Off

Company Overview

Community has and always will be our purpose. We were founded on the principle to be a bank that people can trust. We would not be where we are today without the dedication that our employees have had since we first opened our doors. Our values still hold true to this day and we are making strides to continue to grow with our amazing team.

We believe that operating with a core set of values will be integral to the success of Peoples Security Bank & Trust for our employees, customers, shareholders and communities.

• PEOPLE | Working together for a common good by engaging our customers and communities.
• SERVICE | Consistently deliver a safe, reliable and positive banking experience for our customers.
• BETTER | A commitment to excellence in every interaction.
• TRUST | Integrity, accountability, guidance, and support form the foundation for every customer engagement.

We believe our team is what makes our organization successful. Hearing their stories show a path of growth and enrichment in their careers. Every single team member truly makes a difference within our company and we're grateful for each employee who chooses to work with us.

Peoples Security Bank and Trust Company is an Equal Opportunity Employer

Requirements:

Education/Training: A Bachelor’s Degree in a related field of study preferred; specialized construction lending and credit analysis education/training.

Skill(s): Must demonstrate strong communication skills; proficient interpersonal relations; proficient PC skills, including Microsoft Word and Excel, and knowledge of lending software; strong organizational skills and attention to detail, with the ability to manage multiple priorities and meet deadlines in a fast-paced environment; demonstrated proficiency in all phases of loan documentation for commercial construction transactions; strong working knowledge of appraisal regulations and appraisal reviews

Experience: A minimum of five (5) years’ experience in related lending or banking positions preferred.

Physical Requirements: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. While performing the essential job functions of this position, the employee is regularly required to sit, stand, talk, hear, walk, use hands and fingers, handle or feel objects, and reach with hands and arms. At times required to stoop, kneel, bend, crouch and lift up to 25 pounds. This position requires regular use of a computer.