Miami, Florida, United States · On-site
SUMMARY: Evaluates the financial condition of individuals and businesses applying for consumer, commercial and real estate credit with the bank. Will be assigned loans of varied complexity, particularly those with the hi…
Skills: Financial Analysis, Credit Underwriting, Collateral Analysis, Ratio Calculation, Cash Flow Analysis
Miami, Florida, United States · On-site
SUMMARY: Responsible for the management, supervision, and direction of the various accounting functions and financial reporting activities. Ensures adherence to generally accepted accounting principles (GAAP) and applica…
Skills: Financial Reporting, GAAP, Internal Controls, Cash Management, Auditing
Miami, Florida, United States · On-site
SUMMARY: The Loan Operations Specialist is responsible for supporting the day-to-day operational functions of the Loan Operations department, ensuring accurate and timely processing of loan servicing activities. This rol…
Skills: Loan Servicing, Escrow Administration, Trade Finance, Banking Regulations, UCC Filings
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Evaluates the financial condition and creditworthiness of individual and business applicants for consumer, commercial, and real estate loans. Prepares credit memoranda and monitors loan covenant compliance while providing mentorship to junior credit staff.
Requires a Bachelor's degree in Accounting or Finance and five years of commercial and commercial real estate underwriting experience. Must have formal credit training and proficiency in MS Word and Excel.
SUMMARY: Evaluates the financial condition of individuals and businesses applying for consumer, commercial and real estate credit with the bank. Will be assigned loans of varied complexity, particularly those with the highest complexity. Performs other related duties as necessary.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Supports lenders through financial/credit analysis, collateral analysis, ratio calculation and other requested underwriting support for new loans, renewals and loan reviews. Reviews credits above $500K for commercial real estate loans and above $250K for commercial/consumer loans.
Researches and analyzes pertinent financial information for existing and potential commercial and consumer clients.
Collects all necessary client prepared information and completes internal financial statement spreadsheets and projections of client’s financial condition.
Provides research into industry trends and evaluation of market data impacting prospective or existing clients’ business. Evaluates and reports on collateral adequacy.
Evaluates an individual’s or company’s stability, aptitude of management and creditworthiness by analyzing personal and corporate documents including balance sheets, income statements, tax returns, K1 schedules, etc. Validates any assumptions, projects, and overall company viability and ability to repay the credit request. Uses internal and web-based analysis tools as needed to document findings.
Reviews appraisal reports.
Prepares and presents to Loan Officer written credit memoranda for credit approval, ensuring that all credit policy guidelines are adhered to and deviations are properly noted with valid and supporting mitigants.
Provides guidance to line partners regarding specific requirements of Credit Policy. Evaluates and recommends to Loan Officer the loan terms, covenants and conditions to ensure compliance with Credit Policy.
Monitors and reports to manager and line partners on covenant compliance for assigned loans. Interacts with other partners to report non-compliance to appropriate lending staff.
Evaluates bank’s vendors’ stability and analyzes pertinent financial information
Researches and analyzes pertinent financial information for existing ACH clients.
Assists Chief Credit Officer to complete portfolio stress test.
Provides coaching and mentorship to Credit Specialists and Credit Analysts.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE
Bachelor's degree in Accounting or Finance; five years of commercial and commercial real estate underwriting experience; or equivalent combination of education and experience. Working knowledge of applicable industry laws and regulations required to review credit risk. Solid understanding of commercial credit analysis, including financial conditions, operating results and cash flow analysis. Formal credit training is required. Strong verbal and written communication skills. PC proficient in MS Word and Excel.
All candidates for hire will undergo a credit and criminal background check. Only qualified candidates will be contacted.
Grove Bank & Trust is a drug-free workplace and an Equal Opportunity Employer - Veteran/Disability.
Grove Bank & Trust, founded on July 12, 1926, is a Miami-based financial services firm and is one of the longest continuously operating banks in Florida. People are our most important asset and our brand. The values of integrity and honesty are of paramount importance to us and are the essence of who we are and how we operate. Grove Bank & Trust offers boutique banking, comprehensive trust, and wealth management services* tailored to meet the needs of individuals, families and their businesses. Grove Bank & Trust continues to retain its strong capital and liquidity position and has one of the strongest Capital ratios among banks in South Florida and within the top 10% of banks nationwide as of 12/31/2020. *Investment Products: Not FDIC Insured | May Lose Value | Not Bank Guaranteed | Not a Deposit | Not Insured by any Federal Government Entity. Clients of Grove Bank & Trust and their affiliates should consult with their legal and tax advisors prior to entering into any financial transaction or estate plan. Member FDIC | Equal Housing Lender
Offices: 2701 South Bayshore Drive, Miami, FL 33133, US · 2151 S. LeJeune Road, Coral Gables, FL 33134, US · 20801 Biscayne Boulevard, Suite 103, Aventura, FL 33180, US · 14695 South Dixie Highway, Palmetto Bay, FL 33176, US · 6400 South Dixie Highway, South Miami, FL 33143, US
Grove Bank & Trust, founded on July 12, 1926, is a Miami-based financial services firm and is one of the longest continuously operating banks in Florida. People are our most important asset and our brand. The values of integrity and honesty are of paramount importance to us and are the essence of who we are and how we operate. Grove Bank & Trust offers boutique banking, comprehensive trust, and wealth management services* tailored to meet the needs of individuals, families and their businesses. Grove Bank & Trust continues to retain its strong capital and liquidity position and has one of the strongest Capital ratios among banks in South Florida and within the top 10% of banks nationwide as of 12/31/2020. *Investment Products: Not FDIC Insured | May Lose Value | Not Bank Guaranteed | Not a Deposit | Not Insured by any Federal Government Entity. Clients of Grove Bank & Trust and their affiliates should consult with their legal and tax advisors prior to entering into any financial transaction or estate plan. Member FDIC | Equal Housing Lender
Offices: 2701 South Bayshore Drive, Miami, FL 33133, US · 2151 S. LeJeune Road, Coral Gables, FL 33134, US · 20801 Biscayne Boulevard, Suite 103, Aventura, FL 33180, US · 14695 South Dixie Highway, Palmetto Bay, FL 33176, US · 6400 South Dixie Highway, South Miami, FL 33143, US
