Business Banking Ops Underwriting PM IV

Citizens Bank

107d

About The Position

The Underwriter IV (UW IV) position is responsible for reviewing and underwriting loan requests under Commercial Credit Policy up to TCL $10MM. Underwriting and recommendations should be based on sound credit judgment with particular emphasis on adherence to credit policy and requirements, bank’s risk culture, financial analysis/modeling, risk evaluation and mitigation and proper loan structuring. Position is responsible for underwriting and recommending for approval to Credit Officers within SLAs and meeting production requirements. Expected high degree of technical competency in credit analysis. The UW IV will independently interact with Senior Management, Sales Team, and Credit Officer, in order to discuss and resolve risk related issues. UW IV independently reviews financials, proposed loan structure, collateral and due diligence and makes recommendations of new money requests for approval. Aggressively seeks alternative means of financing or counter offers for all borrowers when it is determined that the original request cannot be accommodated. The UW IV will perform the functions of the position with periodic oversight and is expected to perform with reasonable to general supervisory intervention. They will be responsible for underwriting the simple and complex relationships within the group. The Portfolio Manager IV (PM IV) position is responsible for effective credit administration with particular emphasis on adherence to credit policy and requirements, financial analysis/modeling, risk evaluation, and on-going portfolio maintenance activities. Responsible for ensuring overall portfolio performance and asset quality remains strong and is able to independently address and develop strategies and actions to resolve issues that could increase risk and/or create loss for the Bank. Escalate high risk situations in a timely manner. Manage relationships with TCL between $1MM - $10MM, with particular emphasis on the larger (>$3MM) more complicated relationships. Expected high degree of technical competency in credit analysis. Independently interact with Senior Management, Sales Team, Credit Products Manager, Credit Officer and CRM, in order to discuss and resolve risk related issues. Independently reviews financials and makes recommendations for approval of annual review/renewal and/or modifications within delegated lending authority.

Requirements

• 5+ years of experience and exhibited high degree of technical competency in various aspects of commercial lending/portfolio management.
• Experience with financial analysis and credit structuring, understanding and applying credit policy, and credit monitoring and risk administration practices.
• Expected to have high level of credit and documentation experience.
• Must be skilled in proposing and negotiating and recommending credit and covenant structures for approval.
• Must demonstrate practical and conceptual knowledge of credit and risk analysis.

Nice To Haves

• Master's Degree

Responsibilities

• Evaluates appropriateness of loan structure with Relationship Managers and Credit Product Manager as needed to meet client needs for new loans while ensuring the Bank’s credit risk profiles are maintained.
• Assumes the responsibility to protect and preserve the integrity of the Bank’s risk appetite while accurately assessing and managing risk.
• Assures compliance with Commercial Credit Policy and Risk Acceptance Criteria.
• Effectively maintains high quality credit file documentation in a paperless environment.
• Applies credit skills, product knowledge, industry analysis, and sound judgment to assess and manage credit risk effectively.
• Exhibits knowledge of various types of loan terms, structures, and conditions and understanding of loan documentation.
• Independently reviews financials and makes recommendations for approval of annual review/renewal and/or modifications within delegated lending authority.
• Effectively tracks and monitors financial statement requirements; reviews Borrowing Base certificates.
• Consistently adheres to all Service Level Agreements when customers are in need of modifications or collateral release.

Benefits

• 401k
• health_insurance
• dental_insurance
• vision_insurance
• paid_holidays
• flexible_scheduling

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees