Senior Commercial Credit Officer

3 weeks ago

Huntsville, United States Redstone Federal Credit Union Full time
Job Description Summary

Responsible for managing the Commercial Mortgage Portfolio and providing commercial lending expertise in the underwriting and servicing of new loan requests, modifications, renewals and loan workouts. Provides consultative services and negotiations with members regarding lending options including pricing, loan structure, terms and conditions. Assess lending risk utilizing judgmental credit analysis, ensuring the protection of the Credit Union. Writes credit memorandums and renders credit decision and/or presenting credit request to Business Loan Committee and Board of Directors for approval. Ensures effective and ongoing communication with member and adheres to all loan policies and procedures.

A Senior Commercial Credit Officer is distinguished from a Commercial Credit Officer I and II in that employees in the Senior position handle more complex loan transactions which exhibit credit risk in the typical range of $5M to $100M. The Senior also serves as a lead for the other Commercial Credit Officers and assists in training.

Job Description
ESSENTIAL DUTIES AND RESPONSIBILITIES
  • Manages the loan workflow to ensure that all processes are completed in an efficient and timely manner to ensure a positive member experience.
  • Exercises lending authority to perform multiple commercial loan duties, including, but not limited to, analyzing, reviewing, pricing, negotiating terms and conditions, writing credit memorandums, approving, presenting and recommending approval of all commercial loans, modifications, renewals, and workout structures.
  • Performs analysis of the businesses financial condition and risk rating to make credit decision, including but not limited to, collateral inspections, appraisals, detailed business financial statement analysis, cash flow, working capital analysis, performance ratios and market conditions.
  • Researches, analyzes, and proposes strategies for underwriting and servicing commercial loans; evaluates member business needs and provides consultative services regarding the Credit Union's products and services.
  • Oversees the residential construction loan development program, including but not limited to, writing loan policy and procedures, generating business, lot inventory, and construction draw administration.
  • Minimizes risk exposure on commercial construction loans by analyzing construction budgets, plans, and project feasibility. Working cross-functionally with internal teams to coordinate required construction monitoring and administrative activities.
  • Renders sound lending decisions and is required to present commercial loans, modifications, renewals and workouts to the Credit Union Board of Directors for approval as needed.
  • Conducts pre-closing file reviews for accuracy regarding real estate required documentation per approved credit memorandum. Ensuring accuracy of terms, lien position, title commitment, appraisal and environmental reports.
  • Conducts post-closing reviews for accuracy of closing documentation and audits the loan to ensure that it was properly executed according to the loan approval.
  • Monitors Commercial portfolio for past due payment and high-risk loans; reviews delinquent loan reports and make recommendation regarding collection efforts, recommends changes to collection, liquidation and commercial loan strategies and policies in regard to loans up to $100M.
  • Conducts loss mitigation duties by reviewing and approving loan workout options for members
  • Serves as the subject matter expert in all aspects of commercial lending, underwriting and portfolio servicing and also serves as a resource for other relationship officers across the Credit Union
  • Serves an integral role in department staff training regarding business lending policies, procedures, and regulations; provides input to management about employee performance to aid in the completion of performance evaluations and disciplinary actions; coaches counsels and assists staff with developing personal goals.
  • Find ways to continually improve the efficiency of departmental processes to provide the best service to our members.
Company Wide Expectations
  • Maintains a professional image and demeanor at all times, consistently demonstrating Credit Union RISE Values and adhering to the Code of Ethics.
  • Delivers friendly, caring service to internal and external members.
  • Complies with all applicable State, Federal and NCUA rules and regulations and all Credit Union policies and procedures.
  • Follow all physical and online security procedures and maintain strict confidentiality of all member information.
  • Completes all required regulatory and compliance training and maintains required knowledge of Credit Union products and services.
  • Works scheduled hours and maintains punctuality.
  • Performs other related duties as assigned or requested.
EDUCATION/EXPERIENCE

Minimum Qualifications

To perform this job satisfactorily, an employee must be able to carry out each essential duty competently. The requirements listed below are representative of the education, experience, skills and abilities required.

An equivalent combination of education and experience may be considered.

Education Requirements

4 Year / Bachelors Degree - Business, Finance, Accounting or related field - Required

Experience Requirement

7 Years - Commercial Lending Experience - Required

6 Years - Commercial Loan Underwriting Experience - Required

3 Years - Commercial Loan Term Negotiating Skills - Required

SKILLS/ABILITIES
  • Effectively apply internal and external customer service practices and processes to meet quality service standards and achieve member satisfaction.
  • Learn and apply information, on a wide range of Credit Union products, services and regulatory compliance requirements, in order to assess member situations and develop solutions.
  • Resolve problems utilizing advanced knowledge and experience.
  • Communicate in a professional manner and deliver information clearly and effectively.
  • Actively listen to questions, opinions and ideas of others. Use tact and diplomacy in sensitive and confidential situations.
  • Use correct English including spelling, grammar and punctuation.
  • Operate computers and use business software and other standard office equipment.
  • Understand and follow written and oral instructions.
  • Set priorities and manage one's own time effectively.
PHYSICAL DEMANDS

Physical Demands Disclaimer

The physical demands described here are representative of those that must be met by employees to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical Requirements
  • Intermittent standing, sitting, walking, bending and climbing.
  • Using hands repetitively to handle, feel or operate computers and other standard office equipment.
  • Reaching with hands and arms.
  • Intermittent lifting and carrying up to 25 pounds.


WORK ENVIRONMENT

Work Environment Disclaimer

An employee in this job will experience the following main work environments, others not listed may also be encountered on occasion.

Work Environment

Works in a general office environment.

Redstone Federal Credit Union is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran status or status as an individual with disability. All qualified applicants will not be discriminated against on the basis of disability.

We are proud to be a Drug-Free and Tobacco Free Workplace.

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