Chief Credit Officer - To 250K - Maplewood, NJ - Job 3749

The Symicor Group•Maplewood, NJ

6d•$250,000•Onsite

About The Position

Our bank client is seeking to fill a Chief Credit Officer role to be based in the Maplewood, NJ market. The selected candidate will be responsible for providing leadership and support of all credit department operations. This position offers a generous base salary of up to $250K and an excellent benefits package. (This is not a remote position)

Requirements

Bachelor’s degree (BA) or equivalent from a 4-year college or university.
Ten or more years of related work experience must consist of a financial/credit analysis and lending.
Management experience required.
Heavy experience with C&I lending required.
Ability to create and analyze credit presentations, business correspondence, loan policies, and loan procedures.
Ability to read, analyze and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.

Nice To Haves

Loan workout and SBA experience preferred.
Completion of formal bank management executive school or financial industry-related degree program preferred.

Responsibilities

Oversee the bank’s loan risk management process to monitor quality control and minimize losses.
Maintains loan policy and loan procedure to ensure adherence to sound underwriting best practices, laws, and regulations.
Stays current on banking regulatory changes, monitor industry’s best practices and economic trends, provide updates to other members of the team, and ensures that current practices and policies are compliant and appropriate to changing conditions.
Informs the President, Board of Directors, and Loan Committee of any material considerations affecting loan portfolio or policy.
Develops and oversees the Bank’s internal credit training program, working with credit department staff and external resources.
Use strong management practices to hire, coach and develop the credit team, ensuring that the team remains appropriately staffed.
Ensures loans are properly documented for covenant compliance as well as safety and soundness (via Loan Operations Department).
Oversees Impairment Analysis.
Reviews Loans prior to External Loan Committee meeting.
Development of loan packets.
Oversees stress tests.
Responsible for annual large loan review and annual review of loan policy.
Leads loan review and train internal loan review.
Continuing education and/or training sessions, as required.
Maintains current employee information in the Disaster Recovery Plan.
Performs other duties as assigned.