Business Banking Credit Team Lead
About The Position
River Run is a shared services organization supporting its banking affiliates, Newburyport Bank, Pentucket Bank, and Rollstone Bank & Trust. The Business Banking Credit Team Lead leads the Business Banking credit underwriting process and manages the incoming loan request pipeline, ensuring timely and consistent execution of credit requests. The role provides guidance and oversight to credit analysts in financial spreading, credit analysis, underwriting, and commercial borrower evaluation; reviews transactions and provides credit guidance; and serves as a primary credit approver for Business Banking loan requests up to $1 million. The position partners with Business Banking lenders to structure transactions, resolve credit issues, and facilitate underwriting. It also coordinates the use of Business Banking loan and credit systems and supports process improvements, training, and special projects. The role oversees analysis and underwriting for existing and prospective Business Banking borrowers, including reviews of financial statements, financial spreads, and overall creditworthiness. It ensures comprehensive credit approval documents clearly and accurately present the borrower’s financial profile, key risks, credit structure, and requested terms. The team lead manages and develops credit analysts, oversees workflow and pipeline allocation, and supports the recruitment, onboarding, and training of team members as applicable. When needed, the role underwrites and prepares credit approval documents for complex C&I transactions in support of the Commercial Credit Analyst team. It also oversees annual reviews of commercial borrowers and supports the Commercial Lending team with reporting and other credit-related assignments. The position guides analysts in evaluating credit risks, monitors the Business Banking portfolio for emerging concerns, and advises on action plans and risk-rating adjustments. It ensures compliance with Bank credit policies, procedures, applicable laws and regulations, and the Bank Secrecy Act (BSA), including appropriate identification, documentation, and escalation of exceptions. The role maintains current knowledge of Bank products, services, policies, procedures, and regulatory requirements and communicates relevant updates and expectations to the credit team.
Requirements
- Bachelor’s degree in finance, accounting, business administration, economics, or a related field preferred; an equivalent combination of education, commercial credit experience, and relevant training may be considered.
- 5–8 years of experience in commercial credit analysis, business banking, commercial lending, or underwriting, with progressively increasing responsibility for credit decisions and risk assessment.
- Strong knowledge of general accounting and finance principles.
- Strong knowledge of general banking and lending concepts and principles, including SBA lending.
- Strong decision-making skills.
- Proficiency with office software, including word processing, spreadsheet, presentation, and mail applications.
- Ability to perform basic financial analysis of a company.
- Ability to interpret market data and valuation calculations in appraisal reports.
- Ability to acquire knowledge of the Bank’s products and services, particularly loan and commercial products.
- Ability to meet deadlines and time constraints.
- Attention to detail.
- Self-motivated.
- Ability to read and write for prolonged periods to absorb transaction, borrower, or industry information and describe it clearly and concisely.
Responsibilities
- Lead the Business Banking credit underwriting process and manage the incoming loan request pipeline to ensure timely and consistent execution.
- Guide and oversee credit analysts in financial spreading, credit analysis, underwriting, and commercial borrower evaluation.
- Review transactions, provide credit guidance, and approve Business Banking loan requests up to $1 million within established lending authority.
- Partner with Business Banking lenders to structure transactions, resolve credit issues, and facilitate underwriting.
- Coordinate effective use of Business Banking loan and credit systems and support process improvements, training, and special projects.
- Oversee analysis and underwriting of existing and prospective Business Banking borrowers, including review of financial statements, financial spreads, and creditworthiness.
- Review credit approval documents to ensure the borrower’s financial profile, key risks, credit structure, and requested terms are clearly and accurately presented.
- Oversee designated staff and perform supervisory duties in accordance with organizational policies and applicable legal regulations.
- Manage and develop Business Banking credit analysts by setting performance expectations, providing feedback and coaching, conducting reviews, and addressing performance concerns.
- Support recruitment, onboarding, and training of credit team members, as applicable.
- Oversee the credit pipeline and workflow, allocating work appropriately and ensuring timely completion of credit requests.
- When necessary, underwrite and prepare credit approval documents for complex C&I transactions in support of the Commercial Credit Analyst team.
- Oversee annual reviews of commercial borrowers and support the Commercial Lending team with reporting and other credit-related assignments.
- Guide analysts in identifying and evaluating economic, industry, management, and other risks affecting borrowers’ ability to meet obligations.
- Monitor the Business Banking portfolio for emerging credit concerns and advise on action plans and risk-rating adjustments.
- Ensure adherence to Bank credit policies, procedures, applicable laws and regulations, and requirements for identifying, documenting, and escalating exceptions.
- Maintain knowledge of Bank products, services, policies, procedures, and regulatory requirements, and communicate relevant updates to the credit team.
- Oversee transactions, account information, and supporting documentation, as applicable, to ensure compliance with Bank policies, regulatory requirements, and the BSA.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
