Account Officer | Commercial Loan | Cebu City  

The Account Officer ( Commercial Loan) is primarily responsible for marketing and management of loans accounts particularly commercial loans with emphasis on financial analysis and evaluation.

Duties and Responsibilities:

Credit Evaluation

• Performs project investment appraisals on prospective borrower by employing the various aspects of project appraisal. Assesses the financial viability of the project and analyzes the social and economic dimensions of said project.
• Prepares credit evaluation of loan borrowers, which involves financial analysis, financial projections, market and technical research and industry studies.
• Analyzes and evaluates existing business industries. Makes realistic assumptions on the basis of the company’s status.
• Prepares Credit Evaluation Report.
• Prepares rediscounting papers of specialized ending transactions.
• Facilitates post release requirements of the funder.
• Supervises and monitors approved rediscounted loan accounts.
• Processes approved loans for rediscounting to various funders of the bank.
• Makes recommendation for the findings of the project as to its risks and rewards to the business.
• Recommend restructuring of accounts if needed.
• Conducts preliminary credit investigation with other banks as maybe needed.
• Performs other tasks as may be assigned by superiors from time to time.

Account Management

• Generates and markets loan products of the Bank as well as its other products and services.
• Provides assistance to clients with collateral services and introduces full array of bank products.
• Evaluates/ analyzes loan packaging such as ratio leverage position, financial interpretation, and the financing viability of the project prior to presentation Credit Committee.
• Recommends loan approval to the Credit Committee.
• Performs client calls/site visits of existing and prospective clients.
• Maintains a master list of clients being handled.
• Reviews all existing loan accounts and its filing system regularly.
• Suggests renewals to clients upon maturity of accounts.
• Makes offering tickets and initiates booking of loans to booking branch.
• Maintains custody of working folders of all accounts.

Documentation and Monitoring of Accounts

• Pre-releasing Period
  • Prepares loan documents, such as Promissory Notes, Disclosure Statements, Loan Agreement, Credit Line Agreement, Mortgage Documents (REM & CM) and other documents for signature of clients and authorized bank officers.
  • Verifies/counterchecks signatures and completeness of the above loan documents.
  • Facilitates final review and notarization of legal documents.
  • Facilitates registration of mortgages and secures pertinent documents from necessary regulatory agencies (Register of Deeds, LTO, DENR, HLURB, BIR, etc.)
  • Procures original loan related documents before turning them over to the Credit Administration
• Releasing Period
  • Prepares Request for Loan Release and Booking (RLRB) and coordinates with the accounting personnel of the booking branch for funding. Submits security folder to the Credit Administration Officer of the booking branch for safekeeping.
• During Loan Terms
  • Monitors accounts as to its amortization due dates, collection, utilization/availability of credit lines, etc.
  • Prepares accurate regular reports and such other required reports.
  • Initiates and ensures regularization of audit findings, if any.
  • Sees to it that supporting documents such as financial statements, insurance, tax receipts, etc. are kept updated.
  • Prepares take-out form when security items (e.g. LTO, MVRR, TVTs) are taken out for renewal or annotation, and ensures that these are returned and kept in security folders.
• Loan Maturity
  • Prepares documents needed for cancellation of mortgage.
• Other Functions
  • Other responsibilities and tasks may be assigned from time to time depending on business needs.
    

Minimum Educational Requirements:

• Graduate of any 4-year course preferably business related courses
• Must have a relative experience in other banks
• Pleasing personality
• Have handled supervisory functions for at least 1 year
• Good communication skills and human relation skills
• Organized and systematic

Minimum Training Requirements:

• Anti – Money Laundering Act
• General Banking Law
• Understanding the Banking Industry
• Effective Communication and Relationship Management Skills Seminar
• Effective Customer Service and Handling Complaints