About the position
Oversees Credit Analysts for the Commercial Underwriting process. Responsibilities include departmental budgeting preparation and compliance; human resource management; compliance and adherence of departmental policy and procedures; deal structuring; credit underwriting; evaluating the existing loan portfolio; maintaining consistent work flow in department; managing renewal and review process to ensure all are completed in timely manner; financial statement tracking; providing training for credit analysts; and providing project assistance for senior management.
Responsibilities
- Provides thoughtful leadership and strategic direction to improve the Commercial Credit Underwriting Department for the benefit of the customer and the Bank.
- Lead and support other business units to promote communication and to ensure quality service delivery.
- Develop plans for identifying, sourcing, and implementation of industry best practices, vendors and processes.
- Manage the credit analysis process in conjunction with the Lenders, CLO, CRO and Chief Credit Officer.
- Work with Loan Officer to evaluate potential new deals.
- Oversee workflow of the department, streamline processes and implement procedures for efficiency, compliance and customer service delivery as appropriate.
- Recommend approval and loan structures as well as risk rating recommendations.
- Compile financial information required to make credit decisions for commercial loan requests.
- Assist in all aspects of human resources.
- Complete credit analysis for complex deals.
- Assist with credit policy and procedures.
- Manage daily operations of department.
- Manage credit process from inception to closing.
- Review write ups for approval ensuring that loans adhere to policy and regulations.
- Create and update credit templates.
- Assist with new products and project implementation.
- Budget preparation and adherence for the department.
- Assist with risk management, compliance and audits.
- Work with management to develop controls and processes to manage risk and compliance requirements are met.
- Ensure all written departmental procedures are complete, compliant and up-to-date.
- Ensure staff is properly trained by providing guidance and resources for training.
- Maintain current knowledge and consistent compliance with regulations, bank policies and procedures related to the position, including but not limited to Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) requirements.
Requirements
- Bachelor’s degree and 7 – 10 years experience as a credit professional.
- Perform each duty satisfactorily, and comply with all Federal and State Regulations, and internal banking procedures and policies.
- Must possess advanced mathematical abilities.
- Ability to read, analyze, and interpret financial reports and legal documents.
- Ability to read, analyze and interpret general banking periodicals or government regulations.
- Ability to write reports and procedure manuals.
- Must be proficient with Microsoft Office.
- Must have strong analytical and structuring skills as well as being a strong manager, mentor and communicator.
- Must possess training skills and excellent organizational skills.
- Must have the ability to interact with all auditors and examiners.
- Strong attention to detail.
- Strong internal and external customer service.
Nice-to-haves
- MBA
- 10+ years experience.
