Credit Officer

CNB BANK, INC. • Falling Waters, WV

17h

About The Position

The Credit Officer is responsible for the overall management of the Bank’s Credit Administration and Collection Department. The role oversees credit administration, collections, underwriting quality, troubled and non-performing assets, regulatory compliance, and department personnel. The Credit Officer advises lending management on risk, coordinates credit policies and procedures, and serves as the principal liaison between the Bank and regulatory agencies. The position is seated at Spring Mills and reports to the EVP/CFO.

Requirements

• Bachelor’s degree in Accounting, Economics, Finance, Statistics, Mathematics, or a similar industry.
• Strong leadership skills.
• Strong communication and presentation skills.
• Proficiency in database and accounting computer application systems.
• Strong knowledge of credit administration and collection policies.
• Thorough knowledge of credit policies and credit risks.
• Ability to prioritize tasks and delegate them when appropriate.
• Strong attention to detail.

Responsibilities

• Oversee the review and interpretation of new and pending laws and regulations that may affect the Bank’s credit practices.
• Oversee and develop personnel in the Bank’s Credit Administration and Collection departments.
• Coordinate the development or revision of policies, procedures, and underwriting to ensure compliance with the regulatory process; monitor and report policy deviations.
• Review credit presentations for adequate underwriting and determine whether credits meet sound underwriting standards and do not pose a greater-than-normal risk.
• Manage troubled and non-performing assets.
• Advise the Bank’s lending management and consult with senior lending department managers about risk in complex or unusual loan relationships.
• Serve as the principal liaison between the company and regulatory agencies to ensure compliance with banking legislation.
• Approve subordinate personnel collection activities regarding workouts of delinquent loan payments and assist with procedures when necessary.
• Direct collection of delinquent accounts determined to be unresolvable, ensuring proper documentation and data entry.
• Work with other departments on litigation and foreclosure activities.
• Oversee foreclosed properties, including their management and regular inspections, and ensure tax and insurance payments are handled.
• Oversee analysis of properties and their markets to determine and recommend disposition strategies, book values, and charge-offs in accordance with Bank policies, procedures, and regulatory requirements.
• Review allowance for loan and lease loss analysis and recommend provision expense and adequacy of the ALLL account.
• Develop, implement, and monitor service standards and operational efficiencies.
• Maintain a tracking system for documented exceptions.
• Participate in the development of collection policies and procedures for foreclosure, credit for payment of delinquent accounts, and other default procedures.
• Oversee and evaluate credit and collection policies and procedures to maintain quality control and minimize losses.
• Maintain effective relationships with potential purchasers, title and escrow companies, receivers, property management firms, and other related vendors.
• Complete ratio, trend, and cash flow analysis and create projections.
• Embrace CNB Bank’s Core Values at all times.

Benefits

• Competitive pay.
• Opportunity to work closely with the Senior Leadership Team.
• Excellent benefits package.
• 20 days of annual paid time off.
• Medical, dental, and vision insurance for single and family coverage after 60 days of full-time employment.
• HSA- and FSA-compatible insurance plans.
• 401(k) plan with an employer match available after 60 days of full-time employment.
• Life insurance, AD&D, and long-term disability after 90 days of full-time employment.
• Paid national holidays that follow the Federal Reserve schedule.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager