Chief Credit Officer #00046

Virginia Information Technologies Agency•Richmond, VA

3d•$125,000 - $150,000•Onsite

About The Position

The Virginia Small Business Financing Authority (VSBFA), a division of SBSD, is seeking a seasoned executive for the role of Chief Credit Officer (CCO). The CCO shall report to the Executive Director. The CCO will provide strategic direction, credit information, and develop loan policies and procedures to ensure the overall quality of the Authority’s lending portfolio. Develop and maintain strong relationships with Regional Lending Managers (RLMs), customers and Board of Directors. Maintain a sound credit culture built upon assisting financial institutions with credit enhancement and direct lending toward promoting opportunity and economic growth for underserved small businesses by providing access to capital. This position requires a Statement of Economic Interest upon entry into the position and then annually as required by the Code of Virginia.

Requirements

Extensive work experience and employment in a financial institution with extensive experience approving and underwriting small business and/or middle market commercial loans, analyzing credit risk, structuring loans, formulating recommendations and presenting loans to senior management for approval.
Experience in managing non-performing loans and negotiating and resolving problems.
Ability to analyze financial statements, perform credit analysis and process loan applications.
Considerable knowledge of public and private sector financing programs, credit underwriting and loan administration systems and procedures.
Working knowledge of personal computers, word processing, excel and financial spreadsheet software.
Have strong organizational skills; ability to manage multiple projects; and effectively communicate verbally and in writing.

Nice To Haves

Significant experience in banking, finance, economics, business administration or accounting.
Verbal and written bilingual communication skills preferred but not required.

Responsibilities

Provide strategic direction, credit information, and develop loan policies and procedures to ensure the overall quality of the Authority’s lending portfolio.
Develop and maintain strong relationships with Regional Lending Managers (RLMs), customers and Board of Directors.
Maintain a sound credit culture built upon assisting financial institutions with credit enhancement and direct lending toward promoting opportunity and economic growth for underserved small businesses by providing access to capital.
Requires a Statement of Economic Interest upon entry into the position and then annually as required by the Code of Virginia.