Sr. Credit Officer
About The Position
The Senior Credit Officer (SCO) reports to and supports the Chief Credit Officer (CCO). This key credit position supports the approval process for new and existing Commercial Banking relationships within Beacon Bank’s regional banking model. Working with the credit organization and lines of business, the SCO balances a strong credit culture and asset quality focus with an efficient approval process that supports the Bank’s business development. The SCO is responsible for an assigned portfolio, including structuring and approving credit exposure for new and existing relationships, managing the credit process in line with Credit Policy and established underwriting guidelines, monitoring portfolio risk, and ensuring systems accurately reflect current portfolio risk.
Requirements
- Bachelor’s degree in finance, accounting, economics, or a related field.
- 15+ years of experience in credit analysis or risk underwriting in the banking industry.
- Strong knowledge of financial statement analysis and the ability to structure, review, and approve large or complex transactions.
- Ability to prioritize and work under pressure.
- Flexibility to work on both CRE and C&I credits.
- Proficiency in Microsoft Office, including Excel.
- Strong written and verbal communication and organizational skills.
- Strong interpersonal skills and ability to network within the assigned region and across the organization.
Nice To Haves
- 5+ years of supervisory experience.
- Proficiency in nCino products.
Responsibilities
- Partner with Credit and Relationship Managers to determine appropriate financing solutions and exercise loan approval authority within established Credit Policy limits.
- Consult with the Chief Credit Officer on complicated transactions.
- Respond to transaction requests, assess feasibility, determine the appropriate analysis, identify critical issues, and make approval decisions within established limits.
- Provide feedback during deal identification and deal screening for all lines of business.
- Meet with significant clients or prospects as necessary to assess management, clear approval conditions, promote due diligence, or address deteriorating situations.
- Monitor and manage the overall credit quality of the assigned portfolio, identify deteriorating credits promptly, and ensure accurate and timely risk ratings.
- Promote a credit culture focused on strong asset quality.
- Keep abreast of industry and market trends and share them within the Credit Officer network and assigned region.
- Ensure compliance with banking laws, rules, regulations, and prescribed policies, practices, and procedures to reduce risk and uphold ethical standards.
- Perform other duties and special projects as assigned by the Chief Credit Officer.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
