Sr. Credit Officer

Beacon Bank•Boston, MA

About The Position

The Senior Credit Officer (SCO) reports to and supports the Chief Credit Officer (CCO). The SCO is a key credit position supporting 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 business development. The SCO manages an assigned portfolio, including structuring and approving credit exposure for new and existing relationships, ensuring the credit process follows Credit Policy and underwriting guidelines, monitoring portfolio risk, and keeping systems current and accurate. The role also supports credit decisions, transaction structuring, client meetings, asset-quality standards, and sharing market and industry practices. The position is exempt and reports to the Chief Credit Officer.

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 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 preferred.
Proficiency in nCino products is a plus.

Responsibilities

Partner with Relationship Managers to determine appropriate financing solutions.
Exercise loan approval authority within established Credit Policy limits and consult the Chief Credit Officer on complicated transactions.
Respond promptly to transaction requests, determine feasibility and the necessary analysis, identify critical issues, and make approval decisions within established limits.
Provide feedback during deal identification and screening for all lines of business.
Meet with significant clients or prospects as needed to assess management, clear approval conditions, promote due diligence, or address deteriorating situations.
Monitor and manage the credit quality of the assigned portfolio; identify deteriorating credits promptly and ensure accurate, timely risk ratings.
Promote a credit culture based on strong asset quality.
Keep abreast of industry and market trends and share them within the Credit Officer network and assigned region.
Comply with applicable banking laws, rules, regulations, policies, practices, and procedures to reduce risk and uphold ethical standards.
Perform other duties and special projects assigned by the Chief Credit Officer.