AVP Commercial Credit Officer II (Remote)

Bancorp Bank, The • Morrisville, NC

18h • Remote

About The Position

Performs complex credit analysis and financial reviews of new and existing loan requests. Analyzes financial statements on complex credit requests to make an initial assessment of the level and quality of credit risk and viability of repayment. Works with salesperson to structure each loan request to best protect the bank and to meet borrower’s desired outcome. Conducts borrower interview with applicant and/or designated third parties such as borrower’s CPA, controller, etc. Contacts salesperson for additional information pertinent to the underwriting activities. Works with customers and SBL/leasing sales team to collect required credit information for underwriting loan and lease requests. Verifies existing borrower’s total and current exposure in the loan and leasing systems and databases, e.g., Loan Manager, and Spark, as well as hard file information and ensures that it is within departmental risk levels. Generates credit memorandum to include a detailed financial analysis, customer’s background, summary of current and prior year fiscal results, and cash flow analysis on more complex credits. Determines and presents recommended action (approval or decline) to senior management. Recommendation to include all relevant financial analysis, supporting collateral and market information in accordance with the organization’s credit standards and policies. Maintains accurate and complete loan files. Validates that all required authorizations, compliance, and approvals are obtained prior to closing underwriting documentation and files. Creates and maintains approvals and files. Develops close working partnerships with the sales team, leasing and SBL operations, and other internal company staff to ensure open communication channels are available to handle issues associated with the credit analysis and review of clients. Quickly responds to calls and requests for information from the team. Recommends process, procedural, and/or operational changes to improve the efficiency of the credit review process. Serves as the primary backup for the manager approving daily rental funding requests. In addition, monitors, tracks, and updates title information related to daily rental customers and leasing customers. Trains and mentors less experienced credit officers and analysts. Utilizes and develops knowledge of government guaranty loan programs (SBA, 7a, 504, SLA, Express, USDA B&I), including changes to the programs implemented by the governing agency. Utilizes and develops knowledge of fleet leasing parameters such as lease types, guidance line requirements and asset valuation methods. Performs other duties as assigned.

Requirements

• Undergraduate degree in a related field or an equivalent combination of training and experience.
• 5 years of commercial credit analysis or fleet/equipment leasing experience.
• Strong working knowledge and understanding of traditional financial analysis.
• Strong organizational, time management and prioritization skills to meet loan committee deadlines.
• Excellent verbal, written, and interpersonal communication skills with strong presentation skills.
• Team player, able to work effectively in a team fostered, multi-tasking environment.
• Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook.

Responsibilities

• Analyzes financial statements on complex credit requests to make an initial assessment of the level and quality of credit risk and viability of repayment.
• Works with salesperson to structure each loan request to best protect the bank and to meet borrower’s desired outcome.
• Conducts borrower interview with applicant and/or designated third parties such as borrower’s CPA, controller, etc.
• Contacts salesperson for additional information pertinent to the underwriting activities.
• Works with customers and SBL/leasing sales team to collect required credit information for underwriting loan and lease requests.
• Verifies existing borrower’s total and current exposure in the loan and leasing systems and databases, e.g., Loan Manager, and Spark, as well as hard file information and ensures that it is within departmental risk levels.
• Generates credit memorandum to include a detailed financial analysis, customer’s background, summary of current and prior year fiscal results, and cash flow analysis on more complex credits.
• Determines and presents recommended action (approval or decline) to senior management.
• Maintains accurate and complete loan files.
• Validates that all required authorizations, compliance, and approvals are obtained prior to closing underwriting documentation and files.
• Creates and maintains approvals and files.
• Develops close working partnerships with the sales team, leasing and SBL operations, and other internal company staff to ensure open communication channels are available to handle issues associated with the credit analysis and review of clients.
• Quickly responds to calls and requests for information from the team.
• Recommends process, procedural, and/or operational changes to improve the efficiency of the credit review process.
• Serves as the primary backup for the manager approving daily rental funding requests.
• Monitors, tracks, and updates title information related to daily rental customers and leasing customers.
• Trains and mentors less experienced credit officers and analysts.
• Utilizes and develops knowledge of government guaranty loan programs (SBA, 7a, 504, SLA, Express, USDA B&I), including changes to the programs implemented by the governing agency.
• Utilizes and develops knowledge of fleet leasing parameters such as lease types, guidance line requirements and asset valuation methods.
• Performs other duties as assigned.

Benefits

• Competitive pay that varies based on individual experience, qualifications and other relevant factors.
• Information about benefits can be found at: https://thebancorp.com/company/join-our-team/

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree