Credit Administration Specialist

Job Description

Job Description

ABOUT BCI

Bci provides financial services to individuals and corporations. We focus on being a global leader in innovations and personalized client experience and, with more than 10,500 employees, Bci is recognized as one of the best companies in which to work and develop a career. It is the third largest privately owned bank in Chile and it has more than 300 branch offices throughout Chile and representative offices in other countries.

Bci is an Equal Opportunity Employer - All qualified applicants will receive consideration without regard to race, color, religion, gender, national origin, age, disability, veteran status, or any other factor determined to be unlawful under applicable law

JOB SUMMARY

The Credit Administration Specialist assists and supports the VP of Credit Administration with all aspects of portfolio management. The Credit Administration specialist serves as a subject matter expert, on current asset collateral, providing regular and ongoing collateral/availability trend analysis, root cause analysis/due diligence, and exception analysis. Individual must be detail oriented and must be able to work under the pressure of deadlines. Individual must also be able to multitask and work independently as well as in a team environment.

DUTIES OF THE POSITION

The duties of the position include, but are not limited to, the following:

• Tracks and gathers required collateral information

• Tracks and analyzes collateral availability and Customer trends and prepares management reports according to established department policies and procedures and legal/regulatory guidelines

• Prompts identification of over-advance situations or collateral discrepancies and escalates appropriately for prompt and accurate resolution

• Refers and validates key loan and collateral terms against important source documentation including the loan agreement, field examination documentation, internal credit approval documentation, and underwriting/credit policy references

• Develop/construct a Borrowing Base Report template specific to particular loan/collateral structures

• Train new hires in the area of credit administration

• Translate all credit presentations and legal contracts as required

• Monitor and control of lines of credit

• Draft committee minutes

• Monitor on an ongoing basis the international credit ratings for risk assets

• Monitor on an ongoing basis the covenants of our credit customers

• Monitor on an ongoing basis collateral control, LTV, insurance, appraisals, taxes

• Monitor any waivers, amendments or changes in the terms and conditions of the loans

• Maintain Relationship Managers aware of renewals and maturities Must be able to have the ability to create reports upon request

• Assist in audits

• Preparation, management, and control of electronic customer files and documentation

• Open, delete, and renew credit lines and collaterals on the AS 400 (bank’s core processing system)

• Collaborates with the Relationship Manager in the gathering of clients’ financial information for timely preparation of all underwriting and portfolio servicing assignments, including but not limited to annual loan review and covenant testing.

• Ability to understand, speak, read and write English and Spanish Effectively speaking before groups of customers or employees

• Assume evolving duties and responsibilities of position

• Work all hours required to fulfill job duties and responsibilities (including weekends, evenings and holidays as needed)

• Travel as required

• Provide coverage for other positions as requested

• Perform additional duties and responsibilities as assigned by management

COMPLIANCE RESPONSIBILITIES

In the performance of their duties, all Bci - Miami Branch staff members are required to comply with all state and federal regulatory and legal requirements, including the Bank Secrecy Act, the Federal Election Campaign Act of 1979, the Foreign Corrupt Practices Act, and the Bank Bribery Amendments Act. Additionally, all staff members must comply with in the Bci’s Personnel Manual and Code of Ethics and other policies of Bci which are either currently in place or which may become effective during the staff member’s employment.

PRE-HIRE REQUIREMENTS FOR THIS POSITION:

COMPUTER:

Ability to operate IBM compatible personal computers; fluency with Microsoft Word, Microsoft Excel, Microsoft PowerPoint at intermediate level as well as the ability to operate AS400 preferred, but not required.

EDUCATION:

• High School Diploma or equivalent required

• Bachelor’s degree in Finance or a related field preferred

EXPERIENCE:

• One to three years of experience is required in a Credit Administration or similar banking/lending role

• Demonstrated knowledge of Asset Based Lending (ABL) products/services and offerings Experience in Commercial and Industrial (C&I) lending, particularly those involving owner-occupied Real Estate

• General knowledge of credit & collateral analysis techniques