AVP, Commercial Credit

VyStar Credit Union•Jacksonville, FL

21h•Onsite

About The Position

The AVP, Commercial Credit is responsible for the management and execution of all business and commercial underwriting and credit analysis functions within the Commercial Credit Department. The incumbent will proactively manage the underwriting and credit analysis workflow and productivity for all small business and commercial loan requests including new loans, renewals, modifications, annual reviews, work-out and troubled debt restructures (TDR). Business and commercial loans being underwritten and analyzed by the AVP, Commercial Credit's team will include commercial real estate (CRE), commercial and industrial (C&I), business equipment, business vehicles, business credit cards, business unsecured lines of credit (BLOC) and other specialized business and commercial credit products. This position acts as the manager of all business credit functions within the Commercial Credit Department and must be able to independently manage all aspects of business credit and analysis, assess business loan risks associated with proposed and funded business credit facilities and manage the business loan portfolio credit quality. This individual is also responsible for evaluating credit requests to ensure that the quality of the business loan portfolio is consistent with the goals of VyStar Credit Union and in compliance with policies, procedures and any applicable regulations. The AVP, Commercial Credit also reviews loan structures, credit memorandums, and other related financial analysis to ensure that acceptable credit standards are maintained and that all loans conform to established policies and procedures.

Requirements

Minimum of six (6) years of experience in a business/commercial credit underwriting and analysis environment within a financial institution with relevant banking, portfolio management or credit experience.
Strong preference for a minimum three (3) years of credit approval experience.
Minimum of three (3) years of experience supervising others operating in a credit underwriting and analysis environment.
Demonstrated ability to successfully structure and analyze complex business and commercial credit requests that minimize risk while providing member value.
Knowledge of State and NCUA regulations.
Effective analytical, managerial, organizational, presentation, problem-solving and member/customer service skills.
Must be a highly motivated, detail oriented, able to multi-task and work in a fast-paced environment while applying critical thinking skills.
Independent judgment and technical capabilities required to plan, prioritize and organize diversified workload.
Strong verbal and written communication and negotiation skills.
Proven time management, prioritization, critical thinking, problem solving, effective communication, and organization skills.
Strong proficiency with Microsoft products including Word, Excel, PowerPoint and Outlook.
BA/BS degree or equivalent work experience.
Formal credit analysis training.

Responsibilities

Provide direct oversight and management, and coaching and development to the business lending credit and underwriting team.
Utilize delegated lending authority to approve credit transactions consistent with Vystar Credit Union’s policies, credit culture, and risk appetite.
Responsible for the day to day planning, organizing, and operational efficiency of the commercial credit team.
Develops, implements and maintains business loan operation policies, procedures, strategies and performance metrics.
Evaluate and analyze business loan and commercial requests and make informed, accurate and complete credit recommendations to management.
Prepare summary write-up supporting assessment of key factors such as risk grade, repayment performance and ability, underwriting and documentation adequacy, accrual and TDR status.
Monitor and evaluate, on an ongoing basis, new and existing business loans for potential risks and exposure.
Responsible for managing a team of multiple teammates including but not limited to hiring, training, coaching, performance evaluations and teammate development.
Manage and prioritize the business credit underwriting and analysis workflow and any applicable resources.
Prepare, review and present Business Services Loan Committee agenda and loan presentations, monitor committee results and communicate decisions to all applicable parties involved.
Actively participate in Business Loan Committee sessions, providing feedback and recommendations to Loan Committee members for loans being presented and reasoning behind recommended approvals and/or declines.
Provide analysis and recommendations to Allowance for Loan and Lease Losses (ALLL) Committee on general and specific reserves for business loans with identified weaknesses including collateral evaluation scenarios (best case/worst case) and cash flow interpretations with any recommendations.
Coordinate with Portfolio Management to prepare and monitor the Business Services Watchlist and Business Services Policy Exception Report.
Oversee annual loan review process.
Implement credit policies, procedures, and practices while making significant strategic and tactical contributions to the formulation, development, implementation, and administration of Credit Union strategies, business goals, and objectives.
Coach and develop credit team in making sound, informed decisions and enhancing their decision-making and credit assessment skills, accuracy, timeliness and effectiveness.
Identifying and remedy credit process weaknesses, gaps in credit policy and credit risk rating models, and aggregation and tracking of issues to resolution.
Responsible for supervision, quality control, development and mentoring of credit team.
Must be able to independently manage all aspects of the Commercial Credit Team.
Responsible for establishing service levels and controls to manage inherent risk to credit union policies and procedures, and state and federal regulations.
Responsible for identifying improvements that will result in lower risk, higher efficiencies and allow for scalability.
Responsible for continuous improvement of all aspects related to business credit underwriting and analysis.
Monitor and evaluate, on an ongoing basis, new and existing business loans for potential risks and exposure.
Responsible for the completion of self-monitoring program (SMP) and enterprise risk management (ERM) tasks and processes applicable to business credit functions.
Provide quality service to all internal and external stakeholders including members, prospective members, and vendors.
Create, maintain and update various reports, ledgers, dashboards related to business credit underwriting and analysis.
Oversee the business credit area’s preparation for and participation in state and federal examinations and audits.
Maintain an ongoing knowledge of current regulatory, policy and procedure changes related to business/commercial lending.
Provide support to members of the department and other internal partners to assist in policy/procedure interpretation, membership interpretation, required documentation, and any other related needs.
Provide quality service to all internal and external stakeholders including members, prospective members, vendors and VyStar teammates.
Maintain and expand systems, processes, procedures and software products to enhance and promote efficiency.
Implement credit policies, procedures, and practices while making significant strategic and tactical contributions to the formulation, development, implementation, and administration of VyStar’s strategies, business goals, and objectives.
Ensure that Business Credit Procedures and Desktop Procedures are updated and adhered to in timely manner.
Ensure standards, policies and operating procedures are compliant with policies, procedures and applicable regulations and risk tolerances.
Implement successful measurement tools, processes and quality control methodologies.
Accountable for resolving audit findings related to business credit, identifying root cause and applying corrective measures.
Manage workflow to ensure the accurate, complete and compliant processing of business secured, unsecured and real estate loan requests, modifications and reviews.
Ensure that all teammates are properly cross-trained and able to provide back-up support when needed.
Actively participate, and lead when appropriate, in key re-engineering projects to enhance Business Services lending processes and procedures.
Develop and produce weekly, monthly and ad hoc reports for the Business Services Department, Loan Committee, the Senior Team and the Board of Directors, as applicable.
Complete ad hoc projects designated by the Chief Lending Officer or SVP Commercial Credit.
Cultivate a positive working relationship with the entire department to identify, develop, and recommend revisions of internal standards, policies, operating procedures, and new processes to improve efficiencies.
All employees and business units, as first line of defense, are expected to proactively help identify, assess, manage, and report risks within their domain of work.
To enhance a healthy risk culture and support our growth for good pillar, employees will maintain vigilance in safeguarding our operations while ensuring compliance with regulatory mandates.
The Risk team serves as the second line of defense by providing risk oversight and credible challenge whereas the Audit team serves as the third line of defense by providing risk assurance.
Demonstrate each of the following VyStar Excellence behaviors in performing the duties and responsibilities of their job.
Meet and exceed VyStar Credit Union member service goals and objectives.
Meet and exceed VyStar Credit Union performance goals and objectives.
Perform additional duties, and actively participate on committees and special projects as assigned.