Credit Officer

Duties And Responsibilities

• Gathers and reviews financial data to evaluate potential clients' creditworthiness and offers alternative lending solutions.
• May specialize in areas such as commercial real estate or agriculture, depending on local market needs.
• Manages lending authority within specified limits and may submit larger-risk loans for further approval based on regional directives.
• Makes lending decisions and monitors loan performance to ensure compliance with Bank policies and regulatory guidelines.
• Reviews and approves credit application packages and collateral documents for accuracy and adherence to policy.
• Determines the strength and weaknesses of clients' credit to set loan terms.
• Maintains an overview of loan portfolios, addressing upcoming or overdue payments and taking action to collect and minimize losses.
• Generates routine and ad hoc reports and provides necessary documentation for compliance reviews and audits.
• Provides detailed analysis on secured loans, particularly those involving assets like accounts receivable and inventory (ABL).
• Works proactively to reduce the bank's risks on ABL lines of credit by developing and implementing credit administration frameworks.
• Maintains and monitors ABL lines of credit after approval, ensuring timely collection of financial information and verifying its accuracy.
• Assists account officers, assistant relationship managers, and portfolio managers in providing underwriting information for renewing or increasing ABL lines of credit.
• Develops and implements internal loan review capabilities, providing detailed feedback on loans reviewed.
• Prepares quarterly internal loan review summaries for the Chief Risk Officer, Chief Compliance Officer, and Chief Operating Officer.
• Familiarizes oneself with relevant compliance regulations and policies and ensures compliance with them.

Qualifications

• Bachelor’s degree in Finance, Accounting, or a related field.
• Minimum five (5) years’ experience in financial analysis, banking, or a related field.
• Excellent understanding of finance, credit administration, critical ratios, and forecasting, demonstrated through previous experience.
• Strong written and verbal communication skills.
• Proficiency in Microsoft Office applications (Outlook, Word, Excel).
• Exceptional organizational skills and ability to manage multiple tasks simultaneously.
• Knowledge of collateral instruments and familiarity with RMA, nCino, and Moody training is beneficial.

Physical Requirements And Environmental Conditions

• Sustained standing and sitting.
• Frequent use of a computer, including typing or sustained attention to a monitor.
• Occasional lifting of basic office files or equipment up to 20 lbs.
• Normal office environment with comfortable internal temperatures and low-level noise.

Note: Reasonable accommodations may be made to enable otherwise qualified associates/applicants with disabilities to perform the essential functions of the job. Note: Additional duties and responsibilities may be assigned. EOE/AA