Chief Credit Officer

THE DART BANK•Mason, MI

35d•Onsite

About The Position

JOB DESCRIPTION CHIEF CREDIT OFFICER Summary: The Chief Credit Officer as overall responsibility for the Asset Quality of the Bank through appropriate approval, administration and review activities. Formulates lending policies and procedures, establishes loan pricing to ensure desired loan growth and maximum profitability. Reviews proposed loans to ensure compliance with policies. Develops and maintains adequate review policies and procedures to protect the quality and profitability of the loan portfolio. Identifies problem credits, makes recommendations for loan workout situations. Provides leadership to direct & indirect members of their team.

Requirements

Education: Bachelor’s degree in Business, Finance, Accounting, or equivalent experience.
Experience: Ten years of cumulative credit analysis, commercial sales, and management experience required.
Skills: Excellent organizational, written, and oral communication skills. Strong decision making, problem solving, and negotiation skills. Technologically savvy with all forms of current business software suites.

Nice To Haves

Completion of a master’s level business program or similar Graduate School of Banking is preferred but not required.

Responsibilities

Manages and provides guidance to Sr. Credit Officer, Special Assets Officer, Risk & Allowance Analyst, Government Lending Administrator (GLA), Commercial Technology Specialist and Commercial Loan Operations Officer.
Chairs the Director Loan Committee, Watch Credit Committee and participates in multiple bank management committees.
Works in a collaborative manner with the Chief Commercial Banking Officer, Commercial Relationship Managers, Treasury Management Officers, and various other members of the Commercial Sales team to facilitate appropriate screening and structuring of commercial relationships. In the case of government lending opportunities are present, employs the expertise of the GLA to ensure compliance with appropriate programs.
Meets with clients and prospects as necessary to facilitate the most efficient process possible while working to achieve divisional goals.
Identifies problem loans and resolutions. This is accomplished through the frequent interaction with staff and review of past dues & the loan portfolio as a whole, most often in concert with the Special Assets Officer and the Risk & Allowance Analyst.
Develops and administers the bank’s loan policies as approved by the Board of Directors. Assures that periodic reports are provided to the Board of Directors and senior management for review and, when necessary, approval.
Supports the commercial underwriting team in various ways, including preparation of commercial loan presentations, appraisal reviews, or other duties as needed. Works collaboratively with the Senior Credit Officer to achieve this when needed.
Regularly reviews trends in commercial underwriting and software, working with Commercial Technology Specialist to ensure bank is in best position to deliver a positive client experience.
Performs portfolio analysis and prepare reports concerning loan portfolio performance, trends, inherent risks, and profitability. This includes but is not limited to regular testing of the CECL model(s) with the Risk & Allowance Analyst and recommendations to senior management based on those tests.
Responsible for the lending compliance of the Bank. Implements, trains, monitors changes, and is a member of the bank’s Compliance Committee.
Interacts with Bank regulators, loan review, and other third parties during examinations, audits, and portfolio reviews.
Evaluates and recommends periodic changes in loan pricing, fee structures, etc., to the Budget Committee.
Assists in the budgeting process by providing projected loan totals, estimated future loan interest rates, etc.
Makes recommendations to the CEO and various loan committees for approval of loan amounts exceeding his/her lending authority.
Maintains knowledge of appropriate documentation requirements to assure security interests in collateral. Works in a collaborative manner with credit administration staff to ensure a safe & sound commercial closing process, primarily through working with the Commercial Loan Operations Officer.
Collaborates with the Commercial Loan Operations Officer and Commercial Loan Servicing Manager to ensure effective oversight and administration of the credit card portfolio.
Maintain knowledge of commercial, consumer, and mortgage regulatory compliance requirements.
Keeps abreast of changes to the local, regional, and national economic conditions, as well as any potential financial, political, technology, and competitive situations which could impact the Bank and its lending function.
Participates in professional bank organizations and civic groups to enhance the Bank’s visibility and to further personal development.
Completes other work as directed by the Chief Executive Officer.
Adheres to all Federal and State laws and regulations, including the Bank Secrecy Act.
Other duties as assigned.