Regional Credit Officer

COASTAL STATES BANK•Mount Pleasant, IA

15d

About The Position

At Coastal States Bank (CSB), we are Local. And Proud Of It. We are committed to the relationships we build, have a proven track record of success and share a passion for serving our clients and communities. Position Summary: The Regional Credit Officer plays an important role in coordinating day to day lending activities with Relationship Managers and the Credit Department of the bank. This role will be responsible for analyzing financials, understanding client performance, client creditworthiness and the risk involved in extending safe/prudent credit to new & existing clients. The Regional Credit Officer is responsible for overseeing the bank's credit risk management function within the region. This role ensures compliance with lending laws and internal policies while advising senior management and local lending staff on credit risk. This position leads compliance, audit, and regulatory relations, manages loan administration, and is accountable for the credit granting process, aiming to optimize loan sales and credit risk.

Requirements

A Bachelor’s Degree in Finance, Accounting, Economics or Business to include advanced knowledge of the Lowcountry region.
Substantial understanding of the job and applies knowledge and skills to complete a wide range of tasks; prepare financial spreads and utilize them in financial analysis reporting; and has the ability to use, understand and apply credit policy and bank regulations to responsibilities.
Exercise good judgment and discretion in the handling of confidential information and making recommendations to Directors and Bank Management for loans requiring credit decisions.
Completes diverse deadline driven tasks.
Works with highly sensitive and confidential information.
Excellent written and verbal skills necessary to interact and communicate with various levels of internal and external clients.
Solid time management and organizational skills with the ability to manage and prioritize multiple tasks to meet deadlines.
Works under general supervision and usually on own initiative.
May perform some tasks independently and also work as a contributing team member.
May act as a resource to other internal staff.
Knowledgeable in a wide range of Microsoft Office software applications.
The responsibility to acquire and maintain the required knowledge of State and Federal Banking regulations and policies.
Responsible for the timely completion of all required compliance training such has BSA, Information Security, and other job specific training as assigned.

Nice To Haves

A preference of 5-10 years of experience as a bank loan underwriter.
Proficient with Fiserv, nCino and other bank programs.

Responsibilities

Collaborate with Relationship Managers in credit structing and understanding client’s loan request.
Work with Relationship Managers in obtaining necessary information (financials and/or relative documents) to underwrite credit requests.
Attend periodic calls with existing and potential borrowers that support the strategic growth plans of the assigned region.
Perform due diligence of loan requests once information is received.
Identify and mitigate risks within the approval process.
Assess credit risk ratings on new and existing relationships.
Decision credits within delegated lending authority and make recommendations when requests are outside of delegated authority.
Maintain strong understanding of CSB lending policies as well as regulatory requirements to ensure credit requests comply and/or reasonable exceptions are clearly documented and mitigated.
To assess and determine the quality and adequacy of collateral and capital (equity) through the review of appraisals, evaluations, environmental reports, inspection reports, condition reports, market reports, purchase invoices and other collateral information based on the bank’s loan policies and underwriting guidelines.
Participate in quarterly watchlist calls with recommendations for problem resolution strategy for borrowers in assigned region.
Identify training needs and process improvements within the credit department.
Contribute to the bank team effort by working on special projects and reports, performing other job-related duties, at the discretion of the Supervisor.