VP Senior Credit Manager

Winchester Savings Bank•Winchester, MA

6d•$123,000 - $203,000•Onsite

About The Position

The VP, Senior Credit manager, provides executive leadership over the Bank’s commercial credit risk function, ensuring a sound and well-managed loan portfolio consistent with the Bank’s risk appetite and regulatory requirements. The Senior Credit Manager partners closely with commercial lenders, senior leadership, and the Board to maintain high credit quality standards while supporting responsible loan growth in accordance with Bank’s strategic plan. This role ensures the quality and integrity of the commercial loan portfolio through sound credit decisions, disciplined risk management, and strict adherence to Bank lending policies and regulatory requirements.

Requirements

Advanced financial statement analysis, including spreading and interpreting business and personal tax returns and financial statements.
Strong command of cash flow analysis methodologies and collateral valuation techniques.
Proficiency in commercial real estate underwriting including NOI analysis, cap rate assessment, rent rolls, and market comparables.
Working knowledge of C&I lending structures including revolving lines of credit, term loans, equipment financing, and borrowing base arrangements.
Familiarity with SBA loan programs, documentation requirements, and eligibility standards.
Minimum 10-15 years of progressive commercial banking experience, with significant credit analysis and portfolio management responsibilities
Bachelor’s degree in Finance, Accounting, Business Administration, Economics or a closely related field.
Demonstrated expertise in commercial real estate, construction, and C&I lending
Deep knowledge of credit risk principles, loan structuring, and financial statement analysis
Strong written and verbal communication skills

Nice To Haves

Experience with credit analysis and loan origination software preferred

Responsibilities

Direct the overall administration and quality of the Bank’s commercial loan portfolio, including commercial real estate, construction, and commercial & industrial loans
Monitor the commercial loan portfolio on an ongoing basis for signs of deteriorating credit quality, covenant violations, risk rating changes, and past-due trends
Lead and oversee annual loan reviews and periodic credit file updates in accordance with Bank policy and regulatory expectations
Supervise, mentor, and develop credit analysts and junior lending staff and promote a culture of credit discipline and sound risk management throughout the lending team
Identify early warning indicators of credit deterioration and recommend proactive action plans, including loan modifications, additional collateral, or workout referrals
Provide quarterly board reporting, including Large Borrower Report, Legal Lending Limit, Exception Reports, and other portfolio trend reports as needed
Coordinate with others on problem credits, workouts, and charge-off recommendations as needed.
Serve as a primary point of contact for bank examiners and internal external auditors on credit-related matters
Maintain current knowledge of regulatory developments affecting credit risk management
Review, analyze, and underwrite commercial loan requests ensuring each credit is properly documented
Collaborate with business development officers to structure transactions and grow the portfolio prudently
Evaluate borrower financial statements, tax returns, cash flow projections, collateral valuations, and global debt service to determine creditworthiness
Prepare comprehensive credit approval memoranda (CAMs) with well-supported risk assessments and clear recommendations for approval, modification, or denial.
Ensure proposed loan structures align with credit risk, borrower needs, Bank policy, and applicable regulatory requirements.
Collaborate with commercial lenders and/or portfolio managers to resolve underwriting issues, clarify documentation deficiencies, and finalize credit presentations
Make recommendations to approve or decline credit requests; escalate credits exceeding authority to the Loan Review Committee or higher authority as needed