Karmen Fosdyck
Washington,IL
Summary
Skilled agricultural analyst and credit manager with demonstrated operations, team and financial management abilities. Assisted in the development and maintenance of agriculture templates to analyze annual production while also stressing pricing and yields. Analyzed, structured, and approved loan requests, primarily agriculture related. Comply with internal loan policy, federal/state regulations, and complete annual required testing.
I grew up on a family farm located in central Illinois. My grandparents and uncles row crop (corn/bean) approximately 2,000 acres. My father was a bank branch manager. I studied Accounting in college, with the intention of becoming a CPA. Life took me in a different direction. I did receive my degree and worked for an accounting firm for three years, preparing financial statements, processing payrolls, and completing tax returns. I was offered a position at a local bank, offering me an opportunity to take a less stressful position while learning something new. It was the best move I ever made. As seen in my resume, I've enhanced my skillset over the years and advanced to the position I have today. I'm grateful to Morton Community Bank for all of the opportunities they have given me. I'm currently entertaining opportunities that offer more flexibility in work location.
Overview
17
17
years of professional experience
12
12
years of post-secondary education
Work History
Corporate Commercial Loan Operations & LA Manager
Morton Community Bank
Morton, IL
01.2022 - Current
- Reviewed and analyzed reports and communicated results to management and audit committees.
- Reviewed and maintained required documents for safety, security and quality processes.
- Assisted in recruiting, hiring and training of team members. Team members (44) consisted of Commercial Loan Processors, Servicers, Imagers, and Lending Assistants.
- Trained and guided team members to maintain high productivity and performance metrics, conducting quarterly and annual performance reviews.
- Performed administrative activities to manage operations.
Corp Commercial Credit Manager/Underwriter I
Morton Community Bank
Morton, IL
10.2017 - 01.2022
- Work cross-functionally with loan operations, management and other departments to maintain effective operations.
- Reviewed all agriculture loan presentations prepared by credit analysts and commercial underwriters.
- Assign 965 work requests annually amongst seven credit analysts.
- Managed and mentored a team of seven credit analysts and three commercial underwriters, focusing on credit quality, financial ratios, loan policy, and bank risk mitigation.
- Analyzed applicants' financial status and credit and property evaluations to determine loan feasibility.
- Member of a special assets committee to approve/review relationships with aggregate credit exposure up to $750 thousand.
- Approved 740 requests submitted to Commercial Underwriting over the course of my career as Underwriter I, totaling $78 million in new money, $185 million renewal. Underwriter I approval authority was $1.5 million. Requests approved were primarily agriculture related.
- SBA PPP approval and forgiveness team lead from 2020 - present. MCB processed more than 4,000 applications for our borrowers.
Corporate Commercial Credit Analyst
Morton Community Bank
Morton, IL
05.2009 - 10.2017
- Assessed credit risk and analyzed financial statements.
- Prepared loan presentations, cash flows, collateral tables, agriculture projections, and financial summaries.
- Made decisions and recommendations about extending lines of credit.
- Conducted financial review of customer lines of credit by assessing company financials and initiating credit application reviews.
- Complied with internal controls and government regulations.
- Improved understanding of financial statements, which helped in assessing risk.
- Completed an average of 813 requests per year, ranging from cash flow/projections only to full loan presentations.
Lender Assistant
Citizens National Bank (acquired By MCB)
Macomb, IL
01.2005 - 05.2009
- Originated, reviewed, processed, closed and administered customer loan proposals.
- Maintained strict confidentiality of bank records and client information.
- Handled customer complaints with relative ease by conducting research, listening carefully and taking appropriate action.
Education
Bachelor of Arts - Board of Trustees Program - Emphasis in Accounting
Western Illinois University
Macomb, IL 08.1990 - 05.2002
Skills
- Planning and Implementation
- Maintaining Compliance
- Staff Management
- Workflow Schedules
- Financial Statement Review
- Staff Training
- Workflow Optimization
- Department Oversight
- Team Leadership
Additional Information
Experienced in Microsoft Office products, Fiserv (Premier), AccuSystems, Atlas, Jack Henry, and Moody's spreading software.
Timeline
Corporate Commercial Loan Operations & LA Manager
Morton Community Bank
01.2022 - Current
Corp Commercial Credit Manager/Underwriter I
Morton Community Bank
10.2017 - 01.2022
Corporate Commercial Credit Analyst
Morton Community Bank
05.2009 - 10.2017
Lender Assistant
Citizens National Bank (acquired By MCB)
01.2005 - 05.2009
Bachelor of Arts - Board of Trustees Program - Emphasis in Accounting
Western Illinois University
08.1990 - 05.2002
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