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Southern Bancorp is a different kind of bank. As a Community Development Financial Institution (CDFI), a special certificate on designated for institutions that serve predominantly underserved communities, Southern Bancorp combines traditional banking and lending services with financial development tools and public policy advocacy to help families and communities grow stronger. Inspired by the principle that building net worth drives economic opportunity, our mission is to be wealth builders for everyone in the communities we serve, with a focus on low-wealth and un(der)banked populations, as well as an emphasis on Black and Brown individuals.
Lending Support Officer
Location
United States
Posted
24 days ago
Salary
0
Seniority
Mid Level
No structured requirement data.
Job Description
Lending Support Officer
Southern Bancorp
Role Description This role supports the management of troubled loans, criticized/classified assets, and high-risk borrowers by coordinating documentation, monitoring loan performance, assisting with workout strategies, and ensuring compliance with internal policies and regulatory requirements. The ideal candidate is detail-oriented, analytical, and capable of working with sensitive and complex credit situations. This role is expected to demonstrate the following supervisor leadership competencies: - Empowering Leadership - Business and Financial Acumen - Information Decision Making and Problem Solving - Managing Talent - Strategic Execution and Direction - Owning Results Responsibilities include: - Manage Lending Support team members, including training, setting goals, performance reviews, and hiring responsibilities. - Track loan performance, financial reporting compliance, collateral positions, and covenant adherence. - Prepare and maintain watchlists, problem loan reports, and asset quality summaries. - Gather borrower financial statements, collateral documentation, insurance information, and other required loan documents. - Ensure records are accurately maintained in the loan operating system and document repository. - Support the completion of loan modifications, forbearance agreements, extensions, and other workout documentation in partnership with credit and legal teams. - Assist in the preparation of workout strategies, action plans, and borrower communication materials. - Oversee sale of bank assets and other collection and recovery activities to secure maximum recovery for the bank. - Coordinate site visits, appraisals, collateral inspections, and third-party vendor activity (attorneys, appraisers, consultants). - Support collection efforts by tracking payments, contacting borrowers as directed, and preparing collection status updates. - Ensure compliance with internal credit policy, loan servicing standards, and regulatory guidelines. - Support preparation for loan reviews, audits, and regulatory examinations. - Maintain accurate documentation for financial reporting support, charge-offs, and recoveries. - Recommend process improvements to increase efficiency in troubled loan management. - Complete all required training. - Perform other duties as required or assigned. Qualifications - Bachelor's degree or equivalent experience in banking, including 2-3 years lending, credit administration, or collections experience. - Strong understanding of commercial or consumer lending principles. - Experience supporting problem loans, charged off accounts, or special assets. - Familiarity with regulator guidance regarding classified assets and workout practices. - Knowledge of collateral management, loan documentation, and credit analysis. - Ability to effectively and professionally communicate verbally and in writing. - Ability to organize, handle multiple tasks, and meet deadlines. - Ability to exercise good judgment and resourcefully solve problems. - Ability to comprehend written material and interpret financial data. - Must be proficient in MS Office (specifically MS Word, Outlook, and Excel). - Professionalism when dealing with distressed borrowers or challenging situations. Benefits - 401(k)/Roth plan with immediate eligibility and employer match up to 6%. - Employee stock ownership plan. - Discounted rate on primary home mortgage. - Credit and housing counseling as well as free financial education tools available to customers and employees. - No deductible medical insurance plan. - Dental and vision insurance. - Employer paid life and long-term disability insurance. - Flexible Spending Accounts. - Paid holidays and paid time off. - Bonus plan. - Opportunity for merit raises. - Employee reward and recognition programs. - Community service opportunities.
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