• Credit Administration Analyst - Covenant Monitoring

    ID
    2019-8958
    Job Locations
    US-CA-San Francisco
    Category
    Credit Administration and Approval
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    At First Republic, we care about our people. Founded in 1985, we offer extraordinary client service in private banking, private business banking and private wealth management. We believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You’ll always feel empowered and valued here. 

     

    Incredible teams doing exceptional work, every day

    The Credit Approval & Administration team provides education, guidance, and best practices related to First Republic’s credit culture and policy.  Our team includes members of the Executive Loan Committee and Credit Administration who approve and monitor loans in accordance with our credit culture and policy.

     

    A Credit Administration Analyst is responsible for administering the covenant monitoring process of tracking covenant requirements, compliance, and working closely with Relationship Managers and Business Bankers (“bankers”) to resolve issues.

     

    Key requirements of the position include developing a strong knowledge of loan documents, covenant monitoring practices, excellent attention to detail, strong interpersonal skills, a desire to learn, plus the ability to effectively manage time and changing priorities.

     

    What you'll do as a Credit Administration Analyst - Covenant Monitoring

    • Assess compliance with individual covenant requirements by thoroughly reviewing information received; – escalate issues and discrepancies to banker and support team.
    • Review monthly and periodic covenant management reports to proactively identify errors and potential issues.
      Provide timely and accurate guidance to bankers and support teams regarding covenant requirements and compliance.
    • Provide timely and accurate guidance to bankers for due date extensions or waivers.
    • Ensure covenants are properly reflected in LoanVantage (covenant management system), and changes and status updates are accurate and appropriate.
    • Assist bankers with assessing and preparing recommendations for approval of covenant waivers and modifications.
    • Provide timely responses for adherence with covenant standards and practices.
    • Apprise senior management of substantive non-compliance issues and adverse trends.
    • Identify areas for increased efficiencies in processes and higher quality internal service, and make recommendations accordingly.
    • Perform other duties & responsibilities as required or assigned by supervisor.
    • Adhering to and complying with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.).
    • Adhering to Bank policies and procedures.
    • Completing required training.
    • Identifying and reporting potential suspicious activity to the BSA/AML Officer.
    • Knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank.

     

    What skills you will use: 

    • A Bachelor’s Degree or up to two years equivalent/related business experience;
    • Proficiency in lending terminology and documentation to ensure approved loan covenants are correctly interpreted and captured for monitoring;
    • Demonstrated skills in organization and strong attention to detail;
    • Proactive individual able to operate efficiently in a fast paced environment;
    • Quick learner and ability manage multiple priorities;
    • Must be self-motivated and able to work independently;
    • Ability to work with many different types of people and personalities;
    • Excellent oral and written communication and reasoning skills;
    • Working knowledge of AFS Level III, Word, Excel and Outlook. Access is a plus.

    Own your work and your career — apply now

    Are you willing to go the extra mile because you love what you do and how you can contribute as a team? Do you want the freedom to grow and the opportunity to take charge of your own career? If so, then come join us.

     

    We want hard working team players. You’ll have the independence to learn, lead and drive change. A culture of extraordinary service, empowerment and stability — that’s the First Republic way.

     

    Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records, to the extent consistent with applicable federal and/or state law.

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