Commercial Portfolio/Credit Manager

The Atlantic Federal Credit Union•Springfield, NJ

3d•$79,000 - $110,000

About The Position

Responsible for supporting the Commercial Lending function. The role assists with loan questions, may accompany loan officers on calls when needed, prepares and presents loans to management and/or the Loan Committee, and processes and closes commercial loans. It also performs credit analysis and underwriting, monitors existing loan portfolios, supports members with loan concerns and hardship requests, and ensures departmental compliance with applicable laws and regulations.

Requirements

Bachelor's degree in business, accounting, or finance.
At least five years of related experience.

Nice To Haves

Formal credit training preferred.

Responsibilities

Review commercial and business loan applications and ensure proper loan disclosure.
Perform credit analysis to evaluate the creditworthiness of commercial applicants, including financial statement spreads, cash flows, rental economics, appraisal and environmental reviews, and other aspects of underwriting.
Compare liquidity, profitability, and credit to similar businesses in the same geographic location.
Ensure departmental compliance with applicable federal and state laws and regulations.
Monitor existing loan portfolios to maintain a high-quality asset base and keep member files up to date, including current financial statements and other required documentation.
Evaluate member hardship requests and recommend payment plans as necessary.
Consult with members to resolve loan concerns or issues.
Determine credit-extension risk and assign an appropriate loan/risk grade.
Assist with loan questions and accompany loan officers on calls when needed.
Prepare and present loans to management and/or the Loan Committee.
Process and close commercial loans.