Company: Island Finance
With over 66 years of service, Island Finance LLC is the largest financial institution in Puerto Rico. It serves over 70,000 clients, with consumer loans and a variety of financial products and services. Also, it has a comprehensive distribution network with 46 branches, a call center, and an advanced Internet banking service available through www.islandfinance.com.
Island Finance is not only a Financial Company committed to the future of Puerto Rico, but also works every day to offer the highest quality of service and is the one who has reached out to thousands of clients when they have needed it most, in addition to maintaining a positive and dynamic work environment with a team committed to offering the best.
We are the Financial Company of the 21st century, with over five decades helping you realize your dreams. Because there is one thing that does not change, and that is that sixty-five years later we are here...
We deeply appreciate your support and reaffirm our commitment. That's why with us... ¡¡Yes, you can!!
General Job Summary
Responsible for leading and supervising the process of evaluating and approving credit applications, ensuring compliance with internal policies and regulatory requirements. Their primary function is to ensure that credit decisions are made in a timely, objective manner and based on solid risk analysis. They Coordinate the team of credit analysts, establishes evaluation criteria, monitor key performance indicators, and work closely with other areas such as Business, Risk, and Collections. Additionally, they drive process improvements to optimize operational efficiency and the quality of the credit portfolio.
Essential Function And Responsibilities
- Lead the Credit Admissions department in compliance with internal policies and regulations applicable to the area. This includes conducting quality reviews of the Risk department, individual reviews of credit officers, evaluating the Decision Engine, and monitoring expenses related to the department's operations
- Evaluate credit exceptions in accordance with the credit authorities granted.
- Analyze the information obtained in the application and the applicant's credit report in compliance with the Credit Policy to determine a credit decision within an established timeframe.
Additional Responsibilities
- Guide the commercial areas on the required documentation so that transactions can be approved within the established timeframe.
- Participate in the process of preparing and/or delivering training or presentations related to the credit evaluation process, credit policies, and/or the admissions department..
- Participate in the review and/or audit process to analyze and develop mitigation plans or tools that ensure the effective management of the area and compliance with established procedures.
- Prepare and/or work on presentations and reports to keep management informed about the officers level of compliance.
- Participate in the process of preparing and/or presenting the performance evaluations of the employees under their supervision.
Requierements
Knowledge
Extensive knowledge of credit report analysis, income tax return analysis, bank statements, income calculation, and debt‑to‑income ratio (DTI) analysis. Knowledge of credit policies and admissions procedures, as well as credit regulatory requirements such as ECOA, Regulation B, FCRA, TILA, etc.
Education
A bachelor's degree from an accredited university or college is required, preferably in business administration, management, finance, economics, or related fields.
Technical Training
Knowledge of the standards, policies, regulations, and procedures applicable to the financial industry related to the risk‑admissions area.
Extensive knowledge of financial statement analysis. Ability to prepare and manage reports, with strong skills in MS Office (Excel, Word, PowerPoint).
Licencias Y/o Certificaciones
N/A
Experience
More than 5 years in a similar position.
Island Finance is an Equal Opportunity Employer
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