Strategic Commercial Credit Leadership Position
3 days ago
The Commercial Credit Officer plays a vital role in ensuring the accuracy and objectivity of commercial loan analyses for prospective and existing clients. This position requires a deep understanding of risk management, portfolio monitoring, and credit policy compliance.
Key Responsibilities:- Leadership and Motivation: Lead and motivate team members, holding them accountable for quality work and setting clear expectations. Recognize and celebrate successes, address performance issues, and make routine employment decisions.
- Credit Analysis: Review, analyze, and process commercial loan requests while adhering to bank policies and procedures. Perform ratio, cash flow, and collateral analyses to provide sound credit approval recommendations.
- Financial Statement Analysis: Prepare financial statement spreadsheets, reports, summaries, and opinions for loan officers, including review for compliance and generating credit rating memoranda.
- Information Gathering: Contact credit and financial sources to determine requirements for additional information or investigation into loan requests. Provide credit information and references to loan officers and authorized external sources.
- Risk Assessment: Determine the degree of risk involved in extending credit by performing cash-flow analysis of each business.
- Economic Environment Analysis: Research economic environment, business, and industry cycles to assess non-financial risks associated with borrowers.
- Appraisal and Financial Statement Review: Review appraisals and environmental reports, as well as annual tax returns/financial statements.
- Portfolio Management: Ensure that extensions of credit reflect the bank's risk appetite and are in full compliance with credit policies, target market criteria, product programs, and internal policies.
- Bachelor's Degree: In business, finance, or accounting or equivalent.
- Experience: Minimum three (3) years previous financial services credit analyst experience (including commercial credit).
- Communication Skills: Excellent verbal and written communication skills, customer service, and organizational skills.
- Advanced Spreadsheet Analysis: Ability to read and interpret documents such as memos, loan documents, disclosures, training manuals, help screens, and policy and procedure manuals.
$80,000 - $120,000 per year, depending on location and experience.
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