Job detail

Loan Review Officer

Tacoma, WA

Heritage Bank is seeking a Loan Review Officer at our Southern Operations Center in Tacoma, WA. This position is responsible for the independent review and objective appraisals of the Bank’s loan portfolio and related risk management activities to ensure that acceptable credit standards are maintained and loans and related documentation adhere to the Bank’s policies, procedures, guidelines, and regulatory requirements. 

The successful candidate will be able to:

  • Participate in the evaluation of the bank's asset quality, assessing adherence with lending and portfolio policy, loan approvals, and evaluating and reporting on risk rating integrity.
  • Perform regular loan reviews, ensuring loans adhere to general loan policy and regulatory guidelines.
  • Assess the accuracy of risk grades, timeliness of grade changes, justification of rationale, and adherence to bank policy for risk grading methodology. 
  • Prepare independent analysis and supporting documentation for loan reviews.
  • Prepare reports summarizing portfolio quality and risk issues with recommended corrective action.
  • Participate in the loan review process; makes recommendations to management to optimize the loan review program, as needed.
  • Assist in the development and scope of the internal loan review process, including risk-based sampling of the loan portfolios, and coordinates with outsourced loan reviews and regulatory exams.
  • Prepare reports and work papers recapping discussions with loan officers and business unit management, and/or other functional areas under review to present risk issue findings and secure commitments for resolution of areas in question.
  • Perform continuous monitoring of key business unit credit related activities and effectively documents and communicates findings to management. 
  • Maintain strong relevant knowledge of key legal, compliance, and market-risk issues involved in credit related activities.
  • Promote and maintains positive relationships with unit managers and staff; provides information and assistance when appropriate.
  • Assist with site coordination and logistics for outside vendors, contractors, and staff performing third party commercial loan reviews.
  • Perform continuous monitoring of key business unit credit related activities and effectively documents and communicates findings to management.
  • Monitor assigned portfolios to evaluate proper coverage and assessment of risk on an ongoing basis.
  • Maintain an independent viewpoint derived from fact-based analysis and patterns of performance.


  • High School diploma or equivalent – required. Bachelor’s degree in Business, Economics, Accounting, Finance or relevant course of study – preferred.
  • 3+ years recent experience in commercial lending, credit/loan review and/or similar position requiring strong business knowledge and credit judgment –required.
  • Equivalent combination of education, training and experience in portfolio management, loan audit and/or credit risk may be considered. 
  • Demonstrated ability to deliver exceptional customer service and maintain client relationships, both internally and externally. 
  • Business and financial analysis and modeling skills, with understanding of financial accounting, income statements, balance sheets, etc., requiring the ability to gather, analyze and prepare reports.
  • Working knowledge of lending practices, policies, procedures, disclosures, and terminology related to banking laws, regulatory requirements. and legal documents.
  • Understanding of the Bank’s credit underwriting policies and approval process. 
  • Technical and analytical reasoning skills to synthesize information accurately and effectively to understand and interpret regulatory requirements and appropriately apply principles, procedures, requirements, regulations, and policies to the position.
  • Well-developed interpersonal and written/verbal communication skills demonstrating the ability to communicate effectively, clearly and persuasively in a variety of settings, formats, and audiences; with the ability to read, write, speak, and understand English well.
  • Strong planning, organizational, time management and follow up skills, demonstrating a strong sense of urgency and ability to execute quickly, timely and efficiently.
  • Ability to multi-task and decide key priorities with confidence, motivation, decisiveness, flexibility, and sound business judgment.
  • Unquestionable integrity in handling sensitive and confidential information required.
  • Proficient use and understanding of MS Office products (Word, Excel, Outlook), with the ability to learn and adapt to new technologies quickly. Working knowledge of automated underwriting and financial systems – required.

Work Environment:

  • Climate controlled office environment.
  • Work involves being able to concentrate on the matter at hand, under sometimes distracting work conditions and frequent employee and customer contacts and interruptions during the day.
  • Work requires regular attendance, punctuality and adherence to agreed-upon schedule with willingness to work a flexible and/or rotating schedule and or extended hours, which may require assisting at other locations, as needed. 

Physical Demands:

  • Work may involve the constant use of computer screens, reading of reports, and sitting throughout the day.
  • Ability to operate a computer keyboard, multi-line telephone, photocopier, scanner and facsimile which often requires dexterity of hands and fingers with repetitive wrist and hand motion.
  • Typically sitting at a desk or table; intermittently standing, stooping, bending at the waist, kneeling or crouching to file materials.
  • Occasional lifting 5 - 10 lbs. (e.g., files, boxes, handouts).

The above statements are intended to describe the general nature and level of work being performed and are not an exclusive list of all qualifications for this position.

Heritage Bank is an Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran status, disability, or any other basis protected by applicable law.  

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