Commercial Credit Officer

About the role

The Commercial Credit Officer (CO) supports Self-Help’s national Commercial Lending Team in originating commercial loans. This role involves analyzing and structuring loans that align with Self-Help’s mission and credit standards.

Responsibilities

• Advise and work with loan officers to analyze and structure loans that advance Self-Help’s mission and conform to our credit standards.
• Provide critical, objective review of loan officer’s credit memorandum and detailed analysis of financial information, viability of repayment sources, appropriate loan structures, industry background, management capacity, and collateral.
• Serve as the authority on and resource to teammates for ensuring proposed loans meet Self-Help’s regulation, policy, and procedures and are consistent with CL practices.
• Approve credit applications, transactions, exceptions, and other extensions of credit within credit approval authority or prepare loan officers for presentation of credit proposals to Self-Help’s credit committee per regulation, policy, and procedure.
• Participate as a voter in credit committee.
• Participate in loan closings, guiding key processes forward and ensuring documentation collection and compliance with closing conditions.
• Review critical reports and structuring remedies in response (e.g., property condition assessments, appraisals, contracts, etc.).
• Review and approve monthly construction disbursements as applicable.
• Work with portfolio management team on risk assessment of troubled loans, including loan modifications.
• Contribute to credit coaching and training of other staff members on due diligence teams, especially loan officers.
• In coordination with the Commercial Credit Officer Manager, may assume a leadership role on assigned strategic projects, if appropriate.
• In coordination with the Commercial Credit Officer Manager, may contribute to strategy development for various sectors or geographies in conjunction with business development officers, as interested.

Requirements

• Bachelor’s OR equivalent related experience; Graduate degree in Business, Accounting, Finance, City Planning, Public Policy or Law, or a related field preferred.
• 6+ years of related experience in commercial lending, finance or community development OR equivalent related experience.
• Strong commitment to our mission – creating economic opportunity for all.
• Preference for working in organizations that place priority on teamwork and collaboration.
• Strong Analytical Skills Including Strong quantitative/credit analysis skills to provide critical assessment of credit underwriting criteria including financial ratio analysis, repayment ability, loan structuring, management assessment, and collateral risk evaluation, etc. to make sound recommendations.
• Ability to learn quickly and analyze new industries, consider industry drivers and competitive threats, and develop new contacts to provide in-depth industry knowledge.
• Ability to write and edit clear and concise credit memos, including translating financial and numerical data into narrative form.
• Ability to focus on details and key credit drivers within the larger context of the credit request.
• Strong Interpersonal And Project Management Skills Including Ability to work effectively in teams and to create partnerships with other Self-Help teams.
• Ability to communicate clearly and effectively with loan applicants, borrowers, and team members, including setting appropriate expectations and showing strong interpersonal skills.
• Ability to organize competing priorities and help loan teams set priorities.
• Proficiency with MS Word and Excel.
• Ability and willingness to travel and to work beyond normal work hours, as needed.

Qualifications

• Strong commitment to our mission – creating economic opportunity for all.
• Preference for working in organizations that place priority on teamwork and collaboration.
• Strong Analytical Skills Including Strong quantitative/credit analysis skills to provide critical assessment of credit underwriting criteria including financial ratio analysis, repayment ability, loan structuring, management assessment, and collateral risk evaluation, etc. to make sound recommendations.
• Ability to learn quickly and analyze new industries, consider industry drivers and competitive threats, and develop new contacts to provide in-depth industry knowledge.
• Ability to write and edit clear and concise credit memos, including translating financial and numerical data into narrative form.
• Ability to focus on details and key credit drivers within the larger context of the credit request.
• Strong Interpersonal And Project Management Skills Including Ability to work effectively in teams and to create partnerships with other Self-Help teams.
• Ability to communicate clearly and effectively with loan applicants, borrowers, and team members, including setting appropriate expectations and showing strong interpersonal skills.
• Ability to organize competing priorities and help loan teams set priorities.
• Proficiency with MS Word and Excel.
• Ability and willingness to travel and to work beyond normal work hours, as needed.

Skills

• Strong analytical skills, including financial ratio analysis, repayment ability, loan structuring, management assessment, and collateral risk evaluation.
• Excellent communication and interpersonal skills.
• Project management and team collaboration abilities.
• Proficiency with MS Word and Excel.

Benefits

• Financial sustainability for mission impact.
• Mission before self service with excellence.
• Embracing & promoting change.
• Results not credit.
• Diversity as a strength.

Pay

Competitive salary commensurate with experience.

Schedule

Full-time, Monday through Friday, with occasional evening and weekend work as needed.