Credit Officer

CNB Bank • Falling Waters, WV

16h

About The Position

The Credit Officer is responsible for the overall management of CNB Bank’s Credit Administration and Collection Department. The role oversees credit administration and collection policies, personnel, underwriting, troubled and non-performing assets, delinquent-account collections, foreclosed properties, and compliance with banking regulations. The Credit Officer advises lending management on credit risk, reviews underwriting and allowance-for-loan-and-lease-loss analyses, and develops service standards and operational efficiencies.

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.
• 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 practices to ensure compliance with regulatory requirements.
• Ensure policy deviations are monitored and reported.
• Review credit presentations for adequate underwriting and determine whether credits meet sound underwriting standards and avoid greater-than-normal risk.
• Manage troubled and non-performing assets.
• Advise Bank lending management and consult with senior lending department managers about risk in complex or unusual loan relationships.
• Act as the principal liaison between the company and regulatory agencies to ensure compliance with banking legislation.
• Approve subordinate personnel’s collection activities regarding workouts of delinquent loan payments and assist with procedures when necessary.
• Direct collection of delinquent accounts deemed unresolvable, ensuring proper documentation and data entry.
• Work with other departments on litigation and foreclosure activities.
• Oversee foreclosed properties, including their management, regular inspections, and tax and insurance payments.
• Oversee analysis of properties and their markets to recommend disposition strategies, book values, and charge-offs in accordance with Bank policies and regulatory requirements.
• Review allowance for loan and lease loss analyses 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 developing 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 related vendors.
• Complete ratio, trend, and cash flow analysis and create projections.
• Prioritize tasks and delegate them when appropriate.
• Embrace CNB Bank’s Core Values.

Benefits

• Competitive pay.
• Opportunity to work closely with the Senior Leadership Team.
• Benefits package.
• 20 days of annual Paid Time Off (PTO).
• 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 employer match available after 60 days of full-time employment.
• Life insurance, AD&D, and long-term disability coverage after 90 days of full-time employment.
• Paid national holidays following the Federal Reserve schedule.

What This Job Offers

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