Credit Products Officer

FVCBANK

About The Position

The primary role of the Credit Products Officer position is to support commercial loan officers in the underwriting process for the Banks CRE, C&I and other credit relationships by leveraging fintech. The Credit Products Officer will assist in identifying and gathering critical information regarding the credit qualifications of applicants/borrowers, the specific nature and current status of the industry, current market conditions, and the underlying financial strength of the owners to determine if there is a viable request for credit. In addition, the Credit Products Officer will prepare loan presentation packages utilizing technology that will be reviewed by voting members of the Loan Committee.

Requirements

Bachelor’s degree in Accounting or Finance
3 – 5 years of related work experience in banking, community banking preferred
Extensive CRE experience preferred
Ability to focus on task and be detail oriented
Strong analytical and underwriting skills
Excellent written and verbal communication skills
Proficient in Microsoft Office suite
Ability to adapt to and leverage fintech solutions used by the Bank
Solid business writing skills
Strong and effective planning and organizational skills
Thorough understanding of the components of various financial statement types and formats
Thorough understanding of personal/ partnership and corporate tax returns
Extended coursework in accounting and/or finance

Nice To Haves

Successful completion of a formal credit program preferred
Professional and effective interpersonal skills
Working knowledge of legal entity structures
Ability to support and defend decisions on loan requests
Ability to communicate effectively in a logical succinct format, verbally or in writing
Deep knowledge of credit policies/regulations

Responsibilities

Partner with and advise lenders in making viable credit recommendations that properly mitigate the risks identified through the analysis of the financial information provided by potential borrowers.
Identify critical items needed to process loan requests and prepare list of questions regarding financial statements for follow up by lenders.
Prepare loan presentation packages for lenders that clearly identify credit qualifications and weaknesses of potential borrowers.
Assist lenders in presentations to Loan Committee by helping to answer questions as needed.
Analyze business, commercial, and individual financial statements and tax returns to calculate cash flows using fintech tools and Bank’s software platform.
Navigate and gather appropriate underwriting information from various sources such as the Bank’s data systems, Internet, Dunn & Bradstreet, Lexis Nexis, RMA, CoStar, and general market data bases.
Evaluate adequacy of cash flows to service proposed debt structure(s).
Evaluate applicant’s/borrower’s industry and general market conditions.
Determine the degree of risk involved in a transaction and appropriately risk rate the proposed credit in alignment with risk ratings as defined in loan policy.
Review and accurately interpret standard commercial banking documentation, such as financial packages, loan documents, appraisal reports, contracts, and agreements.
Perform other duties as assigned.