Resort Finance Loan Officer

At Liberty, we are proud to integrate our Diversity, Equity and Inclusion (DE&I) throughout all functions and areas of the Bank in order to maximize our impact and exceed goals. We believe that deepening our DE&I strategies in the workplace and communities we serve, creates a much better place to work for our teammates and a safe place where our customers are connected and supported.  We take pride in promoting through initiatives and investment a socially responsible and sustainable future. 

SUMMARY OF THE JOB:

Reporting to the Head of Specialty Lending & Services the incumbent is responsible for the origination, underwriting, and monitoring of resort finance loans and the sale of participations / syndication interests in these loans to other financial institutions.

ESSENTIAL FUNCTIONS:

The incumbent reports to the Head of Specialty Lending & Services and is responsible for originating and underwriting resort finance loans in the $5MM to $250MM range. (Larger relationships require putting together participations/syndications.)  Analyzes new resort finance loan applications including analysis of financial statements.  Selects, recommends, and presents loans for approval to Credit and Loan Committees.  Works with attorneys and borrowers to insure proper documentation, and with servicing companies to insure efficient funding and proper reporting of monthly activity.  Analyzes delinquency statistics, and identifies potential problem loans.  Works with counsel and borrower to resolve delinquent accounts.    Conducts on-site inspections of resorts and meets with Borrower management on an annual basis.  Maintains effective relationships with existing borrowers, potential borrowers, brokers, attorneys and resort finance servicing companies.  Identifies and develops opportunities for new business development.  Identifies potential prospects for the sale of large resort finance loans.  Makes presentations to these institutions and coordinates all aspects of closing the transaction.  Acts as primary liaison with participating/syndicating institution for the duration of the loan. Prepares accurate and comprehensive reports on resort finance portfolio.

DIMENSIONS

Portfolio:  $50MM - 250MM

Originate and Underwrite Loans: $5 - 250MM range

PHYSICAL DEMANDS/EQUIPMENT OPERATION

General Office Equipment

Ability to Travel (20-25% airline)

MINIMUM REQUIREMENTS:

• Bachelor’s degree in relevant field (Finance, Business Management, or Economics) preferred; equivalent range of industry specific experience / certification would be considered.
• 5+ years of business credit and Business credit portfolio management and/or operational risk experience (payments industry experience preferred).
• Comprehensive understanding of regulatory requirements of the banking and resort finance industries.
• Proficient in reviewing and interpreting business financials to determine processing risk of business.
• Advanced experience with Office & BI products required (Excel, Power BI, Tableau,  etc.).
• Excellent communication and leadership skills.

ACCOUNTABILITIES

1. Develops and nurtures new client relationships to attain established lending goals and objectives.
2. Underwrites sound, quality resort finance loans.
3. Performs thorough and regular inspections.
4. Recommends appropriate strategies for dealing with problem loans and effectively manages the collection of delinquent accounts and workout of troubled assets, REO process and asset disposition.
5. Negotiates, sells, and services participation/ syndication interests to other financial institutions. 
6. Shall provide equal employment opportunity to all qualified persons and continue to recruit, hire, train, and evaluate persons in all jobs without regard to race, color, religion, sex, or national origin.
7. Adheres to applicable federal and state regulations and Bank policies and procedures, including OFAC, BSA, PATRIOT Act, Privacy, and consumer protection regulations pertaining to incumbent’s business line.
8. Completes required training (on-line and in person) by set due dates.

SECONDARY

1. Cross-sells other Bank products to resort finance customers with emphasis on DDA and other non-interest bearing accounts.
2. Efficiently manages an assigned resort finance portfolio to maintain the Bank’s investment criteria ensuring quality underwriting and processing standards.
3. Keeps abreast of trends and developments within the industry.

PHYSICAL REQUIREMENTS: List any physical requirements of the job such as standing, sitting, kneeling, lifting, carrying, pulling, pushing, traveling, working frequent overtime, etc.  Include requirements of weight that may be lifted.

• Keyboard Dexterity
• General Office Equipment

COMPLIANCE

Acts affirmatively in all activities under his/her control in conformance with the Bank’s Affirmative Action, Equal Employment Opportunity, and Fair Lending Programs to achieve the Bank’s goals and objectives. The bank shall provide equal employment opportunity to all qualified persons, and continue to recruit, hire, train and evaluate persons in all jobs without regard to race, color, religion, sex, national origin or veteran status.

Liberty Bank is an Equal Opportunity employer.  It is the policy of Liberty Bank to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.

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