BBVA Compass

Comml Loan Monitoring Spec III

3 weeks ago(1/3/2018 3:27 PM)
Texas
EOE Statement
Equal Opportunity Employer - Minority/Female/Disability/Veterans.

Overview

At BBVA, we are working to make banking better for everyone. That is where you come in. We are looking for smart, team oriented people who want to be part of a first-class workforce that gives people the tools they need to meet their financial goals, all while delivering an outstanding client experience. Learn more below.

Responsibilities

General Summary: 

Responsible for maintaining Loan Monitoring System (LMS) or securities monitoring system, by updating the system upon receipt of required document reporting and/or calculating the financial covenant requirements and borrowing base availability for new, renewed or modified loans as stated in the Loan/Credit and/or Guaranty Agreements. 

 

 

Key Responsibilities: Performs some or all of the following:

  • Monitors assigned Market Group email box daily and handles all incoming work in a timely manner.
  • Reviews financial documents received and updates LMS with financial reporting compliance.
  • Reviews financial documents to perform required covenant tests.
  • Reviews Loan/Credit or Guaranty Agreement, for required documentation, borrowing base and covenant definitions.
  • Builds Excel spreadsheet used for borrowing base and covenant calculations.
  • PerfoParticipates and completes special projects as requested.rms independent calculation of borrowing base and covenant ratios as set forth in the Loan/Credit or Guaranty Agreements to verify customer compliance with stated covenants and Bank policy.
  • Maintains required Service Level Agreement (SLA) for covenant tests and posts covenant processing on individual SLA metric sheet.
  • Sends Standard Out of Compliance Notifications as necessary.
  • Perform securities monitoring functions with swift interaction with the LOB if advance/default/liquidation thresholds are triggered in order to immediately cure the issue or move to liquidation.
  • Maintains effective communication between Relationship Managers, Relationship Associates, Credit Risk Officers, LD&FC and other departments involved in the loan process.
  • Cross trains within LMS Team and performs other duties as assigned.

Additional Leadership Responsibilities as Assigned:

  • Assists LMS Manager in the daily direction of the team in accordance with the department’s established policies and procedures and ensures efficient and accurate processing
  • Provide professional service to customers (both internal and external).
  • Assists in efforts to meet Service Level Agreements and quality requirements, participates in the training and mentoring of employees, and provides constructive feedback to respective team members.
  • Performs complex tasks requiring broad and comprehensive experience and skills, and possesses a good understanding of department processes and flows.
  • Communicates effectively with Team Managers, the Line of Business, Underwriters and Credit Risk Officers.
  • Assists Team Manager in providing guidance for team and oversees work flow of the Draw and Market Group email boxes to ensure Service Level Agreements metrics are met.
  • Comprehends all legal/loan documents and related covenant required deliverables and assists the respective team members with any issues/questions during the day to day production.
  • Manages various team reports, Monthly Feed Report, Active Customers Not Reviewed without Documentation Report and Monthly Past Due.
  • Performs reconciliation of Monthly Feed Report against the CLO generic mailbox for new and renewed emails.
  • Distributes Month-end Booking Reports to the Team.
  • Reviews team members covenant calculations prior to sending a “Standard OOC Notification” for covenant OOC notifications (as necessary during training).
  • Assists Team Manager with LMS procedure updates.
  • Provides training for new and existing team members.
  • Assists Team Manager with weekly staff meetings.
  • Assists Team Manager in managing coverage required for staff vacation and time off.
  • Assists Team Manager in Projects and Best Place to Work initiatives for the Team.
  • Works additional hours as necessary to meet Team goals.

Secondary Responsibilities

  • Backs up Team Manager as required.
  • Completes required training as required.
  • Performs other duties as requested by management.

Relationships/Contacts

  • Interacts with technical personnel, Credit Administration, LD&FC, LOB and team members.
  • Communicates with line of business and senior management as required.

Qualifications

  • Bachelor’s Degree in Business, Finance or Accounting.
  • Five years experience in a related financial industry as applicable. May possess a combination of education and work experience. 
  • Requires specialized knowledge, depending on lead position.
  • Must be able to independently calculate customer covenants using the definition and criteria in the Loan Agreement.
  • Must be able to effectively read and understand Loan Agreements, credit and collateral agreements, financial statements, (borrower prepared, CPA audited) accounts receivables/payables, brokerage statements and various financial documents.
  • Must have excellent keyboarding skills and knowledge of Microsoft Office.
  • Must be Intermediate Excel user.
  • Must have Intermediate knowledge of Google Mail/Sheets, Word, Excel, AFS and Loan Monitoring System.
  • Must have demonstrated organizational and analytical skills and be able to multi-task and meet deadlines in a fast paced environment.
  • Must be able to effectively communicate with the LOB, Underwriters, and Credit Risk Officers.
  • Must be able to work successfully both independently and within a team.
  • Requires teamwork and team building skills.
  • Must possess general business knowledge regarding correspondence and investigative/research techniques.
  • Must possess excellent written and verbal communication skills.
  • Must have ability to adapt to changing requirements and priorities.
  • Demonstrates an understanding of process flows and business rules, along with general knowledge of computer software systems and flows.
  • Must possess ability to analyze and interpret system/technical situations.

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