Commercial Credit Manager

Jewett City Savings Bank•Jewett City, CT

2d•Onsite

About The Position

Jewett City Savings Bank is a full-service Connecticut financial institution that has been part of our community since 1873. We are dedicated to providing financial services of the highest quality and value to our customers. We have thrived as an independent mutual savings bank by being financially responsible and remaining committed to our mission. We are seeking a Commercial Credit Manager to oversee the bank’s commercial lending underwriting process and manage the Credit Department's daily operations. This is an on-site position in Jewett City, CT. This role ensures that all commercial loan requests including Commercial & Industrial (C&I) and Commercial Real Estate (CRE) are analyzed accurately, align with the bank’s risk appetite, and comply with regulatory standards. The Manager will be responsible for directly underwriting the most complex commercial loan requests, providing deep technical analysis of financial statements, cash flow, collateral, and market conditions. The Manager leads a team of credit analysts and credit support staff and collaborates closely with Commercial Loan Officers, the Chief Credit Officer and the Chief Banking Officer.

Requirements

Prior supervisory experience required, plus at least seven years of commercial credit analysis or related experience with CRE and C&I credit.
Must be proficient with analytical software in preparing and analyzing spreadsheets, reports and summaries.
Must have a strong financial background with excellent analytical, organizational and computer skills.
Must also be detail oriented with excellent written and verbal communication skills.

Nice To Haves

Bachelor’s degree in finance, accounting or business preferred.

Responsibilities

Oversee the activities of the Credit staff. Conduct periodic performance reviews, and provide ongoing coaching, motivation, training, and development. Ensure that staff is cross-trained for maximum department effectiveness.
Determine the creditworthiness of commercial loan applicants by evaluating the borrower’s and guarantor’s character, and analyzing financial statements, tax returns, credit reports, and other relevant information. Prepare business cash flows with financial data provided by potential or existing customers. Independently handle the bank's most complex or largest credit exposures.
Perform appraisal review and lease analysis.
Manage and coordinate the workflow of the Credit Department, prioritizing loan requests and ensuring timely turnaround to meet customer and lender requirements.
Ensure periodic reviews of all commercial credits are completed on an annual basis.
Collaborate with commercial loan officers (CLOs) to prepare large and complex loan proposals for the Loan Committee, and proactively provide pertinent information in support of the loan application. Communicate regularly with CLOs to ensure the information necessary to expedite the loan application process is being collected.
Review loan proposals and annual reviews prepared by the Credit staff for completeness, accuracy, and appropriate loan structuring. Review all documents prepared by the Credit staff before submission to Loan Committee and the Board of Directors.
Update all assigned credit loan files with financial information and analyses in Identifi and in various software programs.
Oversee and manage financial credit files to assure financial statements, tax returns, accounts receivable aging and other information are current.
Collaborate with CLOs to assign risk ratings for new loans, and review and maintain risk ratings for existing loans. Alert the CLO and CCO of recommended risk rating changes.
Prepare portfolio reports required by Senior Management and the Board of Directors.
Interact and report regularly to the CCO and CLOs regarding the status of all applications submitted for underwriting. Make recommendations for updates to loan policy, as needed.
Ensure timely and accurate loan closing documentation, boarding, funding, and the prompt delivery of complete electronic loan files for quality assurance review, in compliance with procedures.
Keep abreast of, perform all duties in accordance with, and ensure staff is informed of the Bank’s policies and procedures, and regulatory compliance.
Demonstrate regular and predictable on-site attendance.