BUSINESS RELATIONSHIP OFFICER - CORPORATE BANKING - FIRSTBANK PR

FirstBank View all jobs

  • San Juan, PR
  • Permanent
  • Full-time
  • 21 days ago
BUSINESS RELATIONS OFFICER - CORPORATE BANKINGJob Summary:The Corporate Banking Business Relations Officer (“the Officer”) analyzes all banking products and services needs of clients and prospects including but not limited to financing needs, cash management, treasury, insurance etc. Coordinates all bank efforts to generate new business with clients and prospects assigned, This position has budget responsibilities including asset generation (loan products) in compliance with units pricing and credit guidelines, deposits and fee income. Officer must develop expertise over specialized industries related to accounts in portfolio under management.The Officer is directly responsible for the asset quality of accounts assigned., Responsibilities include structuring and proposes credit facilities, completing (with the support of credit officers) periodic and annual reviews, criticized reports, risk rating, industry analysis and quarterly covenant compliance. Manages accounts with the goal of minimizing delinquencies. The Officer manages accounts assuring compliance with all applicable regulations and Bank Policies, as well as the accuracy and completeness of collateral and related documentation. The Officer adheres to Department's quarterly/annual review and portfolio review Schedule. Prepares and executes 360 reports, call memos and marketing plans for accounts assigned. Officer may also assists supervisors in the preparation of presentations and other related tasks.Essential Responsibilities:
  • Develops a relationship marketing plan in conjunction with supervisor and markets the banks products and services to existing clients and assigned prospects.
Makes clients presentations covering the banks products and services. Analyzes and structures credit requests for new and existing Corporate Banking borrowers within established performance standards on a timely basis.
  • Prepares credit memoranda (CAM) with the support of credit officers and the corresponding attachments, to accurately present pertinent credit risks and provide applicable recommendations.
  • Monitors collateral periodically to detect any loss in value, monitors collateral exceptions and follows up on pending items.
  • Manages and controls accounts assigned to guarantee borrowing relationships are within established risk parameters.
  • Manages the risk associated with existing borrowing relationships through appropriate credit strategies, structure and compliance with credit policies.
  • Monitors overdraft balances and delinquency reports and follows up on client's condition, as to determine when closer monitoring is needed.
  • Early refers potential problematic loans to Department Head and/or Work Out unit as applicable.
  • Establishes the appropriate remedial attention levels and defines action plan in collaboration with Department Head and Business Relations Officers.
  • Handles closing process for clients with the support of credit officers in the review of documentation.
  • Monitors compliance with company's policies and practices, and regulatory requirements, in order to achieve satisfactory rating from internal and external auditors.
  • Performs credit administration tasks including customer and site visits, covenant compliance, borrowing base review, periodic financial statement review, risk rating analysis, overdrafts and account usage, and periodic review of collateral and documentation.
  • Consistently provides high level costumer service to minimize attrition, measured by responsiveness, work quality, product and process knowledge and professionalism.
Other Responsibilities:Maintains portfolio data and statistics updated for Department Head, follows up to assure compliance with Department's quarterly/annual review schedule an other reporting requirements and assists in the preparation of presentations and special projects.Supervisory Responsibilities:This position has no direct supervisory responsibilities.Independence of Judgment:The degree of judgment is related to integration and coordination of varied elements and its application to specific subjects and the creation, development and implantation of policies, strategies and work methods of general application.Impact of Errors:The impact of errors of this position could affect results or Bank image through the regulatory agencies, customer and the community.Competencies:
  • Strong problem recognition and solutions skills
  • Computer software proficiency (Excel and financial models a must)
  • Knowledge of commercial / corporate credit practices
  • Write, speak and comprehend English and Spanish.
  • Team work oriented
  • Strong Interpersonal communication skills
  • Strong analytic thinking capacity
Physical Demands:The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.Specific vision abilities required by this job include close vision and distance vision. While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel and talk or hear. The employee is occasionally required to stand and walk.Minimum Requirements:A Bachelor's Degree in Business is required for this position, MBA preferred. The incumbent must have a minimum of five years of experience on a similar position. This experience must include client management, analysis of financial statements, financial modeling and projections.Disclaimer:The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not indented to be an exhaustive list of all responsibilities, duties, skills required of personnel so classified. The reporting relationship may not reflect the most recent changes to the corporate reporting structure.EQUAL EMPLOYMENT OPPORTUNITY EMPLOYER

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