Credit Product Officer - Credit Products

WesBanco Bank, Inc.•Bowie, MD

7h•$72,000 - $78,000

About The Position

The Credit Product Officer supports the Bank’s credit and commercial lending functions by underwriting commercial requests and modifications and conducting line-of-credit and annual portfolio reviews. The role works with lending and administrative staff to help achieve department and Bank goals. The position analyzes financial statements, cash flow, and personal financial statements; underwrites annual relationship reviews, line-of-credit renewals, and loan modifications; and assesses applicants’ creditworthiness and financial strength. It also tests commercial loan covenants, gathers information needed to formulate credit decisions, presents credit-related findings to management, and assists with portfolio management projects. The role requires maintaining proficiency in Bank policies and procedures and complying with applicable laws and regulations, including completing assigned compliance training. The officer is expected to communicate effectively, handle research and special projects, coordinate with other departments, and learn banking software and other applications.

Requirements

At least two years of commercial credit underwriting and analysis experience, or commensurate accounting or finance experience.
Bachelor’s degree in Accounting, Finance, or a related field preferred; equivalent combination of education and/or experience required.
Clear, concise, and effective written and oral communication skills.
Ability to handle research and special projects, including coordinating with other departments.
Detail-oriented and self-motivated, with the ability to complete tasks efficiently and on time.
Proficiency in basic computer applications such as Microsoft Office and ability to learn various applications.
Ability to learn banking software programs.
Professional demeanor in appearance, interpersonal relations, work ethic, and attitude.

Nice To Haves

Bachelor’s degree in Accounting, Finance, or a related field.

Responsibilities

Interpret financial statements and perform cash flow and personal financial statement analyses.
Complete credit underwriting for annual relationship reviews, line-of-credit renewals, and loan modifications with minimal assistance.
Test commercial loan covenants.
Develop initial underwriting and assess the creditworthiness and financial strength of commercial loan applicants with minimal assistance.
Develop knowledge of lending standards, banking laws and regulations, and Bank credit policies and procedures.
Determine when additional information is needed and work with the Banker to obtain information necessary to formulate a credit decision.
Present facts about commercial loan applicants’ creditworthiness, loan structure, and other relevant matters to management.
Assist with data gathering and review for portfolio management projects as needed.
Complete assigned compliance training in a timely manner and adhere to applicable policies, laws, rules, and regulations.
Perform other duties as assigned.

Benefits

22 days of paid time off (PTO).
5 days of short-term disability (STD).
11 annual paid holidays and 1 floating holiday.
Medical, dental, and vision benefits.
Health Care Flexible Spending Account and Dependent Care Flexible Spending Account.
Transportation Fringe Benefit Plan.
Group Life and Long-Term Disability coverage.
Optional Life coverage.
Access to voluntary benefit products, including Cancer, Term and Universal Life, Accident, Short-Term Disability, and Critical Illness policies, as well as other ancillary benefit products.
401(k) with employee match.