Credit Product Officer - Credit Products
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 achieve department and Bank goals. The officer reviews financial statements and analyzes cash flow and personal financial statements; underwrites annual relationship reviews, line of credit renewals, and loan modifications; tests commercial loan covenants; and develops initial underwriting to assess applicants’ creditworthiness and financial strength. The role also develops knowledge of lending standards, banking laws and regulations, and Bank credit policies and procedures. The officer determines when additional information is needed and works with the Banker to obtain it, presents creditworthiness and loan-structure information to management, and assists with data gathering and review for portfolio management projects. Other duties may be assigned. The position requires adherence to applicable laws, rules, regulations, and Bank policies and procedures, as well as timely completion of assigned compliance training.
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; or an equivalent combination of education and/or experience required.
- Professional demeanor in appearance, interpersonal relations, work ethic, and attitude.
- Clear, concise, and effective written and oral communication skills.
- Ability to handle research and special projects, including coordination 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.
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 analysis.
- Complete credit underwriting for annual relationship reviews, line of credit renewals, and loan modifications with minimal assistance.
- Perform testing of 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 concerning applicants’ creditworthiness, loan structure, and other relevant matters to management.
- Assist with data gathering and review for portfolio management projects as needed.
- Adhere to applicable laws, rules, regulations, and Bank policies and procedures, and complete assigned compliance training in a timely manner.
- Perform other duties as assigned.
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What This Job Offers
Job Type
Full-time
