Senior Credit Risk Manager

4 weeks ago


Trenton, New Jersey, United States NJEDA Full time
Job Summary

As a Senior Servicing Officer at NJEDA, you will be responsible for independently managing credit risk and customer relationships within an assigned portfolio of loans, guarantees, and grants. This includes complex, high-profile, or high-risk accounts. You will also mentor and train less experienced staff, handle customer appeals, and ensure all required borrower financial statements are collected and credit analyses reviews are performed per department policies.

Key Responsibilities
  • Independently manage credit risk within an assigned portfolio with little oversight and guidance.
  • Monitor loan payment delinquencies and work with customers and bank partners to collect payments as needed.
  • Complete Quality Assurance review of new project loan files.
  • Maintain complete and up-to-date customer/project files in EDA's document management systems.
  • Promptly identify deteriorating credits and assign appropriate ratings.
  • Involve Special Loan Management officers and processing transfers as needed.
  • Manage call options and loan maturity renewals promptly.
  • Handle loan modification requests, including loan maturity renewals, which includes obtaining needed information, negotiating terms of approval, and preparing approval memoranda in accordance with delegated authority or board approval policies.
  • Ensure loan documentation is amended accurately and promptly.
  • Present loan approval requests to management and Director's Loan Committee.
  • Attend EDA Board Meeting to address questions regarding those modifications requiring Board action.
  • Mentor and train less experienced staff.
  • Handle complex special projects.
  • Handle customer appeals to objectively and independently evaluate loan declinations or similar actions that are being contested by applicants.
Requirements
  • Bachelor's Degree in Business, Economics, Accounting, or Finance and/or equivalent professional experience.
  • Seven+ years of financial or banking experience, including commercial credit training, lending, loan review, or similar experience.
  • Advanced degree or industry-specific certification may be substituted for 1 year of experience.
  • Ability to work outside of normal business hours, as needed.
  • Travel as necessary to events, meetings, businesses, etc.
Equal Opportunity Employer

NJEDA is an equal opportunity employer and welcomes applications from diverse candidates. We are committed to creating an inclusive and respectful work environment.



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