Sr Credit Officer
Valley Bank, Morristown, TN, United States
Responsibilities Include But Are Not Limited To
- Carries a substantial amount of approval authority for commercial credit requests where total exposure exceeds $1,500,000 in all portfolios (retail, commercial - industrial, real estate and leasing)
- Review (and sponsor as needed) credits submitted for committee approval and serve as a voting member of the Senior Credit Committee.
- Manage a team of CPM Team Leaders, Credit Officers, and Credit Portfolio Managers for a wide geography or LOB with direct and indirect reports to ensure operational efficiency, collaboration across teams and quality work product.
- Provide guidance to lenders and team of CPM Team Leaders, Credit Officers and Credit Portfolio Managers concerning the underwriting and structuring of commercial loans, commercial mortgages and ACH transactions.
- Monitor credit policy/procedure compliance, past due loan status and other portfolio management responsibilities are proactively addressed with the assigned lending and credit teams.
- Positively lead any changes within the corporate environment.
- Provide consistent and constructive feedback on direct report's performance and ensure the same is completed for indirect reports.
- Participate in establishing and maintaining credit policy and related procedures and guidelines.
- Conduct credit-related projects at the direction of the Chief Credit Officer.
- Provide input for disaster recovery and business continuity including backup to the Chief Credit Officer.
Required Skills
- Strong command of financial accounting including knowledge of Financial Accounting Standards Board (FASB) guidance affecting financial reporting such as FAS 5, FAS 13, FAS 95, FAS 114, FAS 141.
- Ability to analyze complex financial statements and assess business cash flow.
- Ability to analyze personal tax returns, personal financial statements to assess an individual's net worth, liquidity and cash flow capacity.
- Ability to assess business plans for start-up ventures including financial projections.
- Knowledge of corporate organizational structures and the impact of these structures on federal tax liability.
- Knowledge of the fundamental risk factors associated with a broad array of industry sectors (i.e., manufacturing, healthcare, retail, transportation) and assess these risks as part of the overall credit risk assessment and decision process.
- Ability to effectively communicate credit concerns and formulate alternate loan structures to customers, business unit team leaders, department heads and senior management.
- Knowledge of loan documentation requirements for all types of commercial loan and lease products including C-I loans, asset-based loans, commercial real estate loans, equipment leasing.
- Strong knowledge of relevant banking regulations including Regulation B, Regulation O, AML/BSA, OFAC, FDIC Loss Share Agreement.
- Ability to mentor Credit Officers, CPM Team Leaders and Credit Portfolio Managers concerning the bank's credit culture, policies and procedures.
- Effectively balance the bank's goals of sound credit quality and loan portfolio growth.
- Ability to manage a staff of Credit Officers, CPM Team Leaders, Credit Portfolio Managers and support staff involving daily responsibilities, salary and performance reviews and special projects.
Required Experience
- High School Diploma or GED and a minimum of 10 years commercial lending experience including substantial credit authority.
- Formal credit training.
- Credit management experience that includes exposure to underwriting, loan processing and administration, documentation, and customer service (internal and external).
- Master's Degree preferred in Finance, Accounting, or Business Administration.