Senior Credit Officer - Commercial Real Estate
City National Bank, Los Angeles, California, United States, 90079
WHAT IS THE OPPORTUNITY?
As a Senior Credit Officer in Commercial Real Estate, you will play a vital role in the loan management process, providing expert credit evaluation and underwriting support to our team of Relationship Managers (RMs). Your primary responsibility will be analyzing potential loan transactions and assessing the creditworthiness of borrowers while ensuring the Bank's credit quality standards are upheld. You will prepare comprehensive credit reports and guarantee thorough due diligence before any credit approvals are granted.
What you will do:
Conduct thorough reviews of financial data and complete credit write-ups or other documentation in accordance with Bank policies and procedures. Analyze the source and use of funds, industry data, historical performance, projected outcomes, and risk factors to formulate well-supported recommendations.
Collaborate with RMs or directly engage with borrowers to gather additional information and clarify financial materials related to loan requests.
Draft credit approval memoranda and work closely with RMs to evaluate credit alternatives, ensuring alignment with profitability and portfolio risk standards.
Perform financial assessments of clients' situations, adhering to Credit Policy guidelines, and actively monitor loan covenants. Proactively address any potential credit issues and escalate them as necessary.
Manage deal flow in close partnership with RMs.
Participate in client meetings upon RM's request.
Complete all required training and adhere strictly to Bank Operational and Credit policies along with regulatory requirements.
Must-Have:
Bachelor's Degree or equivalent experience.
At least 5 years of commercial real estate credit underwriting experience.
Minimum of 5 years in a banking or financial services role.
Skills and Knowledge:
Solid foundation in Business Administration or a related field, with experience in underwriting commercial real estate loans requiring strong analysis and credit principles.
Strong analytical skills to interpret financial statements and cash flow analyses, with familiarity in various industries and collateral evaluations.
Ability to recommend approval or denial of applications exceeding standard thresholds.
Comprehensive understanding of commercial real estate credit policies and procedures.
Exceptional credit analysis, accounting skills, and effective communication skills.
Strong organizational abilities and capability to work independently while collaborating effectively across all levels of the organization.
Compensation:
Starting base salary: $44.28 - $75.42 per hour. Exact compensation may vary based on skills, experience, and location. This position is eligible for bonuses and/or commissions. Benefits and Perks:
At City National, we prioritize our employees' well-being and offer a variety of benefits and perks. Explore our offerings to see how we support our team. ABOUT CITY NATIONAL:
City National Bank is a subsidiary of Royal Bank of Canada, it is the largest bank headquartered in Los Angeles with over $92 billion in assets. Founded in 1954, we provide personalized banking, investment, and trust services within select markets across the US. Committed to community support, our charitable contributions exceeded $11 million in 2023 alone. City National Bank is an equal opportunity employer, dedicated to fostering a diverse and inclusive workplace. Applicants from all backgrounds are encouraged to apply.
Starting base salary: $44.28 - $75.42 per hour. Exact compensation may vary based on skills, experience, and location. This position is eligible for bonuses and/or commissions. Benefits and Perks:
At City National, we prioritize our employees' well-being and offer a variety of benefits and perks. Explore our offerings to see how we support our team. ABOUT CITY NATIONAL:
City National Bank is a subsidiary of Royal Bank of Canada, it is the largest bank headquartered in Los Angeles with over $92 billion in assets. Founded in 1954, we provide personalized banking, investment, and trust services within select markets across the US. Committed to community support, our charitable contributions exceeded $11 million in 2023 alone. City National Bank is an equal opportunity employer, dedicated to fostering a diverse and inclusive workplace. Applicants from all backgrounds are encouraged to apply.