Business Credit Officer

APGFCU•Edgewood, MD

2d•$103,000 - $175,200•Onsite

About The Position

At APGFCU, our values are at the heart of everything we do, empowering us as leaders in the credit union movement. We prioritize purpose and connection in how we serve our members, co-workers and communities - helping to navigate life's little and big moments. APGFCU – Your Community Credit Union! For over 80 years, APGFCU has shared our financial experience and provided valuable products and services to build stability and financial independence, one member at a time. We are looking for those who want to join this movement and become a part of a growing organization. We offer competitive pay and great benefits. Under the general supervision of the vice president of business banking, the Business Credit Officer is responsible for managing the Business Credit function and will assume direct leadership of the underwriting team as volume and complexity increase. This role is responsible for monitoring and assessing the credit risks of the credit union's commercial loan portfolio and high-dollar loans. This involves conducting detailed financial statement analyses, industry assessments, collateral valuations, cash flow analyses, and evaluating the ability to repay annual debt service. The role requires strong analytical skills, attention to detail, and the capacity to make informed credit decisions within established policies and regulatory guidelines. Additionally, the position involves promoting a positive image of the credit union in the community through participation in organizations and events.

Requirements

Minimum of ten years of commercial lending experience as a financial analyst with commercial credit underwriting with in-depth knowledge of financial regulations pertaining to commercial credit transactions required.
Experience analyzing financial statements and credit reports; proficient in preparing financial projections and conducting thorough risk assessments required.
Minimum of 3 years of experience leading and developing a high-performing team.
Extensive experience in reviewing and understanding financial statements as a tool in making credit decisions.
Self-motivated; detail-oriented, with strong organizational skills, decisive, with a “get it done” mentality.
Proficient computer literacy in Microsoft Suite, with concentration in Word and Excel.
Must possess high level of interpersonal skills, excellent communication, sales, relationship management and public relations skills.
Experience in advising loan applicants and assessing loan applications.
A high degree of confidentiality is required for this position.
Must have functional knowledge and comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
Must maintain a positive and productive work atmosphere through communicating in a manner that promotes positive working relationships with leaders, members, employees, board members and external vendors.

Nice To Haves

A degree in finance, accounting, business administration, or a related field preferred
MBA or equivalent work experience preferred
Extensive related experience and certifications can be credited in lieu of education.

Responsibilities

Lead and develop a team of underwriters as the department grows and expands
Manage commercial loan files to ensure compliance with regulatory guidelines and credit union policies.
Determine the credit risk profiles based on financial analysis and market conditions.
Analyze financial spreads to identify potential risks associated with credit applications.
Prepare comprehensive loan presentations, ensuring all deal aspects are accurately represented and ready for approval.
Analyze financial statements and prepare models to assess various scenarios impacting proposed transactions.
Ensure that financial covenants, reporting requirements, and loan documentation are adhered to throughout the loan process.
Assess all relevant credit and financial information, including financial statements, tax returns, due diligence reports, credit reports, appraisals, and industry research.
Work with the VP of Business Banking to manage deal flow and monitor the quality of the credit portfolio.
Implement internal and external audit points, addressing any issues raised by regulators.
Analyze financial statements and prepare models to assess various scenarios impacting proposed transactions.
Complete thorough credit analyses for commercial transactions, including risk ratings and rationales, with a focus on identifying risks to the credit union.
Participate in structuring loan requests, suggesting terms, conditions, controls, collateral, and guarantors as necessary.
Stay updated on accounting standards and financial analysis best practices.
Engage in departmental projects and complete related tasks as assigned.
Serve as a point of contact for business members, addressing questions or concerns during credit evaluations.
Compile and maintain economic data relevant to national, regional, and industry-specific trends.
Assess property appraisals and related documentation.
Manage commercial loan files to ensure compliance with regulatory guidelines and internal policies.
Accompany loan officers on client calls to gather information for analyses.
Conduct credit inquiries and update information regarding commercial borrowers.
Maintain organized and accessible Business Lending Credit files.
Provide support to loan officers and assist with member service needs as required.
Perform other duties as assigned.
Responsible for completion of applicable training and compliance on federal regulations and APGFCU policies and procedures as related to the duties of this position (Bank Secrecy Act, Information Security as examples, if applicable).