Credit Officer

I. Summary: 

 

Responsible for the day-to-day administration of the Bank’s loans.  Also, responsible for establishing internal loan controls and written policies and procedures for Board approval, and thereby ensuring the quality of the loan portfolio.

 

 

II.  Primary Responsibilities and Duties:

 

1.  Review Responsibilities – Review all credits in excess of $100M to ensure long-term asset quality through review of credits presented for approval.

 

2.  Policies and Procedures – To actively monitor the portfolio to ensure that staff and lenders operate in accordance with applicable laws and regulations, and policies and procedures approved by the Board.

 

To maintain, update and recommend changes to the Bank’s loan policy as it pertains, but is not limited to, underwriting criteria, loan authorities, structure requirements, risk tolerance levels, portfolio distribution, financial information and analysis requirements, pricing guidelines, collections and charge-offs.

 

Periodically review and reevaluate the adequacy and effectiveness of established policies and procedures.

 

Communicate and interpret lending policies.

 

3.  Allowance for Loan and Lease Losses – To prepare quarterly loan allowance reports to include adjusting the methodology as necessary and ensuring that the Bank has adequately reserved for the risk inherent in the Bank’s portfolio. 

 

4.  Training – To ensure the competency and accountability of lending staff.  To provide training for and development of personnel enabling them to perform and excel in their respective positions.  To monitor staff performance.  Provide training for loan and credit personnel in order to advance the skills of those individuals for their continued advancement and development.

 

5.  Monitoring and Reporting – Responsible for accurately reporting to a Board committee, documentation, collateral, policy, compliance and financial reporting exceptions.  To report on the asset quality of the loan portfolio, including delinquencies, non-accruals, OREO, loan concentrations and profitability analyses.

 

6.  Budgeting and Fiscal – To prepare, present, implement, and adhere to the credit department’s annual budget.

 

7.  Risk Ratings – To evaluate the accuracy of risk ratings established by the lending officers.  To be the final internal authority on any risk rating.  To interpret risk rating definitions.  To provide training to lending and credit personnel on risk ratings.

 

8.  Underwriting – To periodically assess the quality of analytical analysis performed by the lenders.

 

9.  Documentation – To work with the respective account officers and the documentation manager to ensure that new and existing loans are properly documented and lien positions are appropriately perfected.

 

10.  Remaining Current – To remain current with regulatory, accounting or other changes that affect lending in all aspects.

 

11.  Loan Operations – To ensure that applicable areas provide prompt and efficient service to external and internal customers.  To ensure that, through the loan operations manager, operations run efficiently, accurately and according to established procedures and policies.

 

12.  Real Estate Valuations – To ensure uniformity of appraisal engagements and reviews.

 

13.  Problem Loans – To manage larger problem loans and manage and monitor workout activities. 

 

14.  Bank Management – To participate in the overall management of the Bank and assist in achieving the long-term profitability, influencing asset quality and prudent long-term strategic direction.

15.  Performs other duties as assigned.

 III. Skills and Abilities Required

 

1.  Substantial experience in bank loan administration and/or as a consultant to financial institutions.

2.  Prior experience in managing mid-size loan transactions

3.  Knowledge of financial operations and experience in budgeting and managing loan assets.

4.  Ability to manage and direct the activities of loan operations staff.

 IV.  Minimum Requirements

 

1.  High school diploma or equivalent.

2.  Bachelor’s degree in finance or business administration.  Master’s degree preferred.

3.  Five to ten years of progressively responsible experience in lending department of a commercial bank.

4.  Strong analytical and communication skills (both verbal and written).