"Alerted.org

Loan Review Officer

COMMERCIAL LOAN REVIEW DEPT.

Our Company

At FirstBank PR , we strive to be a trusted advisor to our clients and our employees are the ones that ensure we deliver on our promise of excellence in personalized customer service. Our more than 3,100 employees in Puerto Rico, the Virgin Islands and Florida share a passion for excellent customer service. We are proud of our team because they are continuously surpassing our client’s expectations.

Do you have a passion for helping customers, building relationships, and delivering extraordinary, personalized customer service? If your answer is yes, FirstBank is the number one place for you.

A Brief Overview

The Loan Review Officer is responsible for independently evaluating the quality, risk, and compliance of the commercial loan portfolio. The role ensures that lending practices are aligned with internal policies, regulatory standards, and sound credit practices.

What you’ll do

• Conduct detailed reviews of commercial loans to assess credit quality and risk rating.

• Analyze financial information to identify potential risks, and compliance with financial covenants.

• Review collateral documentation to ensure completeness and compliance with loan agreement covenants.

• Verify approval and underwriting documents to assess compliance with internal lending policies.

• Identify and report exceptions, documentation deficiencies, and emerging credit risks to management.

• Prepare and conduct meetings with business units to discuss loan review findings and credit risk ratings.

• Prepare comprehensive results memoranda outlining key findings and actionable recommendations for management review.

• Support internal, external and regulatory audits processes.

• Support strategic initiatives and/or special projects as required.

What You’ll Need to Succeed

Formal Education

• Bachelor’s degree in business administration with concentration in finance, accounting or related field.

• Preferred Loan Review certifications and/or courses.

• Preferred Commercial Bank certification.

Knowledge and Experience

+ 3-5 years work Experienced in Credit Review, Commercial Lending, Credit Administration, Loan Workout, and/or Credit Analysis at a commercial bank or regulatory agency.

+ Strong knowledge of credit risk assessment and financial statement analysis.

+ Excellent credit and analytical skills.

+ General knowledge of commercial underwriting processes, loan structures, lending practices, related documentation, and industry terminology.

+ Knowledge of laws and banking regulations, and compliance requirements.

+ Strong quantitative problem-solving ability.

+ Effective interpersonal skills and ability to interact and team with a variety of internal and external customers, including Executive Management.

+ Proficient in directing and leading a team through multiple assessments of the business units.

+ Ability to manage multiple reviews and meet deadlines.

+ High attention to detail and ability to work independently.

+ Computer literacy, with MS Office software knowledge.

+ Good report-writing skills in English and Spanish.

+ Good written and verbal communication skills in English and Spanish.

EQUAL EMPLOYMENT OPPORTUNITY EMPLOYER