VP - Credit Officer
About The Position
The Credit Risk Officer provides analysis and evaluation regarding the credit risk of large and/or complex commercial relationships. This person is responsible for aiding in maintaining an effective credit policy and managing the credit quality of the bank’s loan portfolio. The Credit Risk Officer works with commercial loan officers to structure loans and monitor the risk and profitability of complex relationships on an ongoing basis. Additionally, the Credit Risk Officer is charged with reporting to management on the credit quality of the bank’s largest and most complex relationships and makes recommendations regarding risk management these relationships. They rely on experience and judgment to plan and accomplish ambitious goals, and a wide degree of creativity and latitude is expected.
Requirements
- 4-year college degree and/or training; or equivalent combination of education and experience preferred.
- 10+ years of related commercial credit experience.
- Strong organizational skills with attention to detail and accuracy
- Ability to manage multiple deadlines in a fast-paced environment
- Analytical mindset and problem-solving ability
- Clear written and verbal communication skills
- Professional discretion and respect for confidentiality
- Collaborative, respectful, and service-oriented approach
- Proficiency in Microsoft Excel, Word, and Outlook
Nice To Haves
- Experience with nCino a plus
- Experience with Jack Henry, LaserPro, or financial spreading software a plus
Responsibilities
- Completes independent analysis of the most complex borrowers and new loan requests as determined by the Chief Credit Officer.
- Recommends loan structure that serves to minimize the credit risk to the Bank.
- Is responsible for the market/business analysis, financial analysis (including sensitivity analysis) and structure analysis in the credit report.
- Works cooperatively with others. Plans and organizes own work, uses time effectively, sets appropriate priorities, and anticipates business needs.
- Monitors financial covenant defaults or loan deterioration during a review of the customer’s financial statement and promptly communicates to the Loan Officer and others as needed.
- Conducts ongoing monitoring of assigned relationships including assessment of financial statements, covenant calculations, and compliance with loan agreements.
- Ensures relationships are appropriately risk rated at all times and recommends risk rating changes to the Loan Officer in a timely manner.
- Ensures file comments are completed on an ongoing basis as needed.
- Identifies emerging risks and market conditions of the industries included in the Bank’s portfolio.
- Communicates all matters of importance to both internal and external constituents.
- Provides knowledgeable, well-articulated responses to questions received in credit committee meetings.
- Monitors current economic trends to make recommended changes in our lending behaviors to the Chief Credit Officer.
- Advises and communicates credit department policy and procedures to bank personnel.
- Assists internal partners to ensure proper service to clients.
- Stays up to date on new types of loans and other financial services and products to better recognize customers' needs.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
Associate degree
