Loan Analyst Job Description
Loan analyst
provides excellent consultation to customers on loan options, rates and other bank products – referring leads to others within the bank as necessary.
Loan Analyst Duties & Responsibilities
To write an effective loan analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included loan analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Work on closing par loan trades using ClearPar
Track incoming payments and process related activity on a daily basis
Ensure timely trade booking and settlements of trades in WSO Admin
Coordinate/book direct origination closings and ensure prompt funding
Familiarity with credit agreements, new borrower setups, understanding applicable margins, amortizations, quarterly rate sets and other agency related tasks
Liaise with the different loan total return swap facilities to ensure positions, cash, PNL, and other details are fully reconciled
Of all new, renewed, and increased loans to ensure
Assist investor reporting with preparation of monthly remittance files for actual/actual investors
Responsible for identifying and resolving
Analyze and summarize appraisal, leases, and property cash flow to evaluate operating performance, trends, and risks
Loan Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Loan Analyst
List any licenses or certifications required by the position: CFA, US, CBAP, KYC
Education for Loan Analyst
Typically a job would require a certain level of education.
Employers hiring for the loan analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Education, Associates, Military, Finance, Accounting, Business/Administration, Economics, Business, Graduate, Law
Skills for Loan Analyst
Desired skills for loan analyst include:
Loan underwriting criteria for commercial real estate established by institutional lenders
Excel
Regulation CC
Regulation E
Bank Security and other regulations as applicable to this job description
Bank's written policies and procedures regarding Bank Secrecy Act
Outlook
AFS
Bank systems used to manage the Syndicated lending business: ACBS
Clearpar
Desired experience for loan analyst includes:
A college or university degree and/or some relevant work experience is preferred* Financial Services and/or Banking industry experience is preferred through internship or previous work experience
Monthly Payment of Debt upon receipt of Receivables
Book entries to General ledger
Expertise of the LIQ data model
Knowledge of SQL (Plus C++, C# to utilized the Misys API)
Some exposure to the LIQ business processing
Loan Analyst Examples
1
Loan Analyst Job Description
Job Description Example
Our innovative and growing company is hiring for a loan analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for loan analyst
- Utilize Lexis-Nexis, AM Best, Myfirstam.com, CT Lien Solutions, Dun and Bradstreet, Lareta, SWBC.com, to facilitate the processing/underwriting of loans
- Ability to multi-task, successfully prioritize workflow, and complete repetitive tasks
- Assists in negotiating terms and conditions of loan application/commitment documents related to loan procurement
- Management of loan corporate events with data site (Debt Domain)
- Review and approve transactions in the operationnal system for the securitization business (Starbird)
- Size and qualify loans for approval and present deals to Executive Loan Committee (ELC)
- Print and organize all financial documentation and compile loan files
- Manage loans through closing and funding stage
- Adhere to company policies/procedures and escalate any matters that are not compliant
- Follow departmental processes to ensure established metrics are achieved, dealer and matrix partners' expectations are met and loss exposure is mitigated
Qualifications for loan analyst
- Bachelor's degree or applied work skills equivalent
- Experience in the construction management industry
- Banking-Risk Management experience
- Related Industry qualification in the areas of escrow, taxes and homeowners insurance
- Knowledge of insurance, escrow or tax process is preferred
- Strong research skills and attention to detail is required
2
Loan Analyst Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of loan analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for loan analyst
- Ensure and maintain the data quality and integrity of the critical information that supports the business
- Manage all Loan activity including drawdowns, rollovers, rate fixing, prepayments, fees etc
- Administer waivers & amendments
- Manage and process transfers and assignments
- Monitor and disburse covenant reporting from clients
- Create SQL queries and MS Access forms/reports to extract and manipulate large datasets
- Automate recurring reports and create visual dashboards
- Process and analyze all loan product applications, such as auto loans (including loan applications submitted by CUDL program participants), Signature Loans, Visa Loans (including Secured Visas), IRA Loans, Home Equity Loans, Real Estate Equity Loans
- Performs in-depth review of appraisals on collateral property to determine its correctness and acceptability
- Provides detailed comments in reference to conversations with members, realtors, dealers, appraisers, , concerning all loans
Qualifications for loan analyst
- Working knowledge of a variety of loan portfolios
- Ability to understand and analyse data with concern for quality, accuracy and detail
- High level of problem solving aptitude and demonstrated organisational skills
- Flexibility and adaptability in managing changing work requirements and environments
- Self-starter with the ability to work independently without supervision
- Strategic thinker with the ability to think outside the square and recommend solutions
3
Loan Analyst Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of loan analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for loan analyst
- Conduct on-site inspections of collateral properties as it relates to insurance settlements, building violations and maintenance
- Review loan terms, compliance with loan policy, adequacy of supporting financial information, appropriateness of risk ratings, adequacy of the debt service coverage and loan to value other additional information related to the property and their owners/operators
- Follow up with clients for missing or additional financial documents and on pending issues resulting from inspections
- Draft written reviews of individual loans, with direction from Portfolio Manager, complete Property Loan Review Summary Analysis and present analysis to Manager for review and approval, addressing any concerns or issues
- Perform other functions as needed in relation to Commercial Real Estate portfolio management dealings
- Researching properties
- Review of loan documents, environmental surveys, financial statements and leases
- Primary support in assembling a loan file (coordinating between client and capital source)
- Closing support
- Database and pipeline management
Qualifications for loan analyst
- Bachelor’s Degree required, business (Finance/Accounting) degree preferred
- B-degree in Finance
- 2-6 years in banking Operations
- 2 or 4 year degree in Finance, Math, Business, Economics, Accounting or related field (preferred) College graduates are encouraged to apply!
- Must be flexible and adaptable to a changing work demands
- In particular, strong knowledge of requirements for commercial real estate and construction loans is preferred
4
Loan Analyst Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of loan analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for loan analyst
- Review all new indirect/direct consumer loans and commercial loans post-closing, and prior to input to the bank’s core system
- Perfect lien placement on all collateral, including real estate recordings
- Maintain and monitor all loan exception items and distribute a monthly report to appropriate personnel
- Maintenance on booked loans, including loan amendments, modifications, and renewals
- Review title commitments, and process title exceptions to obtain Final Title Policy
- Assume primary responsibility for day-to-day execution of existing models and analysis of key portfolio performance indicators
- Effectively communicate model results/findings from analysis to technical and non-technical audiences
- Perform periodic testing of existing controls to ensure accuracy and completeness of data, processing, and model output
- Develop a solid understanding of all models and work with model stakeholders and model owners to determine downstream impacts
- Development of new modeling methodologies in support of business initiatives
Qualifications for loan analyst
- Experience and familiarity in, reviewing title commitments, setting up closings, reviewing and processing flood determinations and reviewing lien waivers is required
- Degree Qualifications (2.1 or above) or equivalent preferred
- Experience working in Loan Agency or similar role a minimum of 2 years
- Must understand databases
- Experience with SQL Server, SSRS, Stored Procedures, and/or Tableau a plus
- Positive, professional, can-do attitude
5
Loan Analyst Job Description
Job Description Example
Our company is growing rapidly and is hiring for a loan analyst. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for loan analyst
- Analyze and retain existing loans that are open to prepayment and that are at risk of paying off
- Works closely with Credit Administration members, Special Assets Department members, Retail business partners, and other team members in support of all collection related activities
- Performs frequent analysis and reporting in support of the various collection activities for the portfolios within the overall business banking, consumer and mortgage portfolios
- Utilize analytical approach to assist with queue configuration, dialer strategies and score driven prioritization strategies
- Role will also support other risk management related initiatives conducted on behalf of these portfolios
- Manages multiple simultaneous projects
- Automate reports and create dashboards using SQL Server and Tableau
- Produce Ad Hoc reports for multiple departments
- Ensure that fees, interest, and principal amortization are billed and collected and forwarded to participants/syndicate members as appropriate and may consist of calculating and tracking complex accruals and rate levels
- Communicate with stakeholders inside and outside of the Loans group to resolve “Breaks” and discrepancies highlighted in various reports
Qualifications for loan analyst
- Identify due dates required to ensure loan is complete and ready for closing
- Review supporting documentation for completeness and consistency with the information indicated on the loan application
- 2 + years' experience working with review/audit of loan documentation or derivatives documentation
- Ability to exercise mature judgment, to raise questions to management when necessary, and to adhere to policy guidelines
- Superior attention to detail with excellent written and oral communication skills
- Excellent interpersonal and precise communication skills