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| Employer Name: FEP Search Group |
SpiderID: 2845269 |
| Location: Detroit, Michigan |
Date Posted: 8/4/2009 |
| Wage: |
Category: Accounting/Bookkeeping |
| Job Code: |
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Job Description:
1) Provide management with an independent and objective assessment of the quality of the commercial loan portfolio
2) Assess the sufficiency of the due-diligence process, collateral considerations, exceptions as well as the overall effectiveness of the commercial lending policies and procedures
3) Review and analyze the global commercial credit portfolio to ensure portfolio quality is strong while considering organizational risk/reward tolerance
4) Understand and apply the credit risk rating system (CARRS) as well as the process of completing risk rating to ensure risk rating assignments are completed as required
5) Ensure that model overrides are appropriate and supported by well reasoned and documented factors
6) Perform loan reviews on selected accounts to determine the management’s evaluation of the creditworthiness of the account
7) Review the balance sheet/income statement strengths and weaknesses, debt service capacity and strength of guarantors for loans
8) Ensure that all loan documentation is complete and comprehensive and that the account is being monitored appropriately based on its risk and exposure
9) Identify emerging credit-quality problems, including deteriorating credits, credits with deficient collateral positions as well as credits with documentation exceptions as well as a macro trends that could stress the overall portfolio
10) Assess whether workout strategies are appropriate
11) Review Specific and General Loan Loss Allowances, based on the facts and circumstances of accounts evaluated individually and collectively for impairment to ensure that reserves are well documented, adhere to corporate standards and are updated as needed
12) Evaluate and determine whether existing procedures for extending credit and monitoring accounts are in compliance with policy as documented in the Commercial Loan Policy and Procedures manual
13) Prepare formal reports that summarize key observations and findings leading to recommendations to improve operational efficiencies and strengthen portfolio management.
14) Forge cohesive working relationships with US and International Commercial credit teams as well as other functional departments (i.e. Internal Audit)
15) Participate in any special reviews or projects as requested by the Commercial Credit Risk Officer
Job Requirements:
1) Degree in Business or related field (MBA preferred)
2) Minimum 5 years of commercial credit and/or loan experience with a banking or financial institution
3) Demonstrated knowledge of commercial credit underwriting, monitoring, loan documentation, loan collateral, workouts and policies and procedures
4) Advanced knowledge of PC applications, including extensive knowledge of Excel and MS Office suite
5) Strong analytical skills and reasoning ability
6) Excellent interpersonal skills to work effectively with others
7) Strong project management and communication (oral and written) skills
8) Highly motivated and self-directed
9) Willingness to travel extensively (as required)
Applicants are encouraged to apply directly by going to: http://www.fepsearchgroup.com/accounting-jobs/accounting-job-01093.html
Contact Information:
| Contact Name: Jane Shah |
Company Type: Employer |
| Company: FEP Search Group |
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| City: Toronto |
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| State: Ontario |
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| Zip: M5G 1T6 |
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Web Site: http://www.fepsearchgroup.com/acct.htm
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