Small Business Credit Officer
About The Position
Provide offers an unmatched combination of industry expertise, personalized service, and customized financial products to established small business owners, enabling entrepreneurs to achieve their ownership dreams, realize financial independence, and strengthen their communities. Founded in 2013, Provide was acquired by Fifth Third in 2021 and named one of Fast Company’s Most Innovative Companies in 2023. The team is growing and seeks a Small Business Credit Officer to review and decide on high-dollar and complex small business loan applications in a centralized environment. This role involves assisting peers with expertise in financial analysis and loan structuring, taking responsibility for risk management, and ensuring a positive customer experience by adhering to the bank's risk appetite and policies. The position requires identifying, assessing, managing, monitoring, and reporting risks of all types.
Requirements
- College degree in accounting, finance or economics.
- Knowledge of Healthcare Practice Finance
- Two+ years in underwriting, portfolio monitoring, or similar business loan analysis.
- Basic knowledge of commercial lending and credit standards, policies, procedures, and products.
- Must be proficient in basic software applications such as Microsoft Access, Word and Excel.
- Familiarity with the Bank's internal applications is helpful.
- Must be attentive to detail and possess excellent verbal and written communication and organizational skills.
Responsibilities
- Review and decision small business loan applications, in a centralized environment, for high dollar and complex loans.
- Assist peers and those less experienced through the loan decision process, offering expertise on financial analysis and loan structuring.
- Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined.
- Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience.
- While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
- Responsible for spreading financial statements based on information provided in the loan package.
- Provide loan decisions and/or credit recommendations based on a review of all underwriting criteria, including loan structure, collateral, interest rate, and fees.
- Perform global cash flow and balance sheet analysis for small-business healthcare loans of up to $2 million.
- Independently prepare a written evaluation of a borrower's financial condition and future outlook, identifying risks and mitigation.
- Independently collaborate with the sales team in developing loan structures that meet the needs of the customer and adhere to the organizations risk appetite.
- Assist and mentor fellow team members in portfolio monitoring.
- Identify opportunities and recommend solutions for process improvements and software development.
- Mentor credit analysts to help them develop risk management skills and knowledge.
- Effectively communicate loan decision to loan originator.
- Identify and review all necessary due diligence items.
- Effectively communicate loan decision to loan originator.
- Negotiate terms & conditions of loan with originator.
- Miscellaneous job duties as assigned.
Benefits
- Comprehensive benefits and differentiated compensation offerings
- Eligible to participate in an incentive compensation plan
- Extensive benefits programs designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
