AVP, Credit Officer

The Provident Bank - Amesbury, MA

Full-time - Mid Level

Amesbury, MA

Credit Intermediation and Related Activities

About the position

AVP, Credit Officers coordinate the analytical and credit approval functions for the Bank's larger and most complex credits with minimal supervision. They will have a thorough understanding of the Bank's risk appetite and structuring deals. This position assists the lenders with the preparation and underwriting of C&I and commercial real estate loan proposal packages as well as analyzes business and personal financial statements to assess the credit worthiness of the Borrower and/or Guarantors. AVP, Credit Officers also act as a mentor for junior and senior analysts as well as more junior lenders. It is expected that the AVP, Credit Officers will take a pro-active approach in portfolio management as well as participate in projects to improve processes within the Bank.

Responsibilities

• Underwrite the Bank's most complex commercial loan requests (C&I, CRE and Business Acquisition) for new and existing Borrowers.
• Complete tax return, personal financial statement and financials spreads in Loan Vantage (Jack Henry product).
• Perform annual reviews and/or renewals of commercial loan relationships and verify risk ratings.
• Review third party appraisal reports, environmental reports, business valuations, and field exams prior to loan closing, and advise on any vendor recommendations.
• Manage monitored lines of credit and review Borrowing Base Certificates and A/R agings to ensure funding is within approved guidelines.
• Attend customer site visits with lenders (if based locally).
• Attend weekly Credit Committee and Loan Structure meetings and take minutes when required.
• Mentor and train junior and senior analysts.
• Maintain a high level of quality control and adhere to State, Federal and Bank regulatory and Loan Policy requirements.
• Demonstrate behaviors which are aligned with the Bank's culture and core values.

Requirements

• In-depth understanding of business tax returns, personal tax returns, and financial statements.
• Ability to analyze in depth trends in financial statements including balance sheet, P&L and cash flow analysis.
• Minimum five to seven years' experience with commercial underwriting, including but not limited to CRE, C&I and cash flow deals.
• Bachelor's degree in business or finance.
• Knowledge of Credit related laws.
• Knowledge of real estate market and trends.
• Knowledge of various business industries.

Nice-to-haves

• Experience in Loan Vantage is a plus.
• High level of knowledge with Microsoft Word/Excel and Outlook.
• Ability to work closely with managers, lenders, staff and third-party vendors.
• Ability to identify issues with Structure/signs of weakness in new and existing loan relationships.
• Ability to manage workflow in a timely manner and multi-task.