Senior Loan Review Officer, Credit Administration (Hybrid - Downtown Seattle, WA

Salary Range: $85,400.00 - $140,900.00 (Depending on knowledge, skills, abilities and location. Certain level jobs may be eligible for bonus, commission, and/or equity awards.) Posting Date: October 31, 2024 This job will be open and accepting applications for a minimum of three days from the date it was posted. Benefits* worth writing home about: Medical, dental, and vision coverage for employees and their families Life, disability and family Leave 401(k) and Roth 401(k) with employer match Wellness program, employee assistance program, "Commute Trip Reduction" (CTR) and various employee discounts Generous vacation, sick leave, 11 paid holidays, and 16 hours of paid leave every year for community service work Free employee checking account and employee home loan discounts *For eligible employees averaging 20 or more hours per week. EO/AA Employer including Vets and Disabled. Qualified applicants with arrest and conviction records will be considered in accordance with legal requirements. If you are a California resident, you may be entitled to certain rights regarding your personal information, which is information that identifies, relates to, or could reasonably be linked with a particular California resident or household. Additional information about our data collection practices and location specific notices is available on our privacy policy. California applicants may click this link Fair Chance Ordinance for Los Angeles County to see additional information. Job Description Summary: This position is responsible for leading loan reviews which analyze and evaluate the Bank's commercial lending, commercial real estate and/or residential construction loan portfolios. As well as loan administration of each of these lending units from a risk management perspective. With a specific emphasis on assessing portfolio data and drawing risk based samples that are statistically representative of key risk components within the target portfolio. Responsibilities also include assessing the accuracy of risk ratings within the portfolio, adherence to underwriting and credit policy standards, and portfolio administration and monitoring requirements. Incumbents evaluate complex financial statements and loan transactions with minimal supervision, including reviewing appraisals on real estate related loan. As a senior review officer, responsibilities include the assimilation of data and review findings which are communicated to management and the Board of Directors. Job Details: PRIMARY FUNCTIONS: Contributes as needed to the annual review of Loan Review Policy and Procedures including updates that reflect changes in regulatory guidance and current industry best practices. Assists as needed in the annual assessment of credit risk within the Bank as part of the formulation of the Loan Review Plan for the coming year. Maintains understanding of Bank's credit policies and procedures and is knowledgeable of current relevant regulatory guidance and industry best practices. Responsible for managing the completion of loan reviews of the Commercial Lending, Residential Construction and/or Commercial Real Estate lending units. This includes, in whole or in part, determining review scope, drawing a risk based sample, and managing the work flow process for completion of the review within the timeframe outlined in the Loan Review Plan. Depending on the size and scope of the review, responsibilities may include assisting in the file review process, completing line sheets, identifying key credit risks or material weaknesses in loans reviewed and contributing to the final Loan Review Report as appropriate. Reviews and quantifies the information and conclusions in the line sheets, coaching the review officers on timely and appropriate completion issues as they arise, determines whether the objectives of the Scope have been achieved, and