Credit Products Officer II

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Pre-screening Activities (10% of time)
  • Determine Risk Ratings
    • Confirm the Industry Risk Rating (IRR) and Hold Limits as well as determine Borrower's Risk Rating (BRR) using the tools / matrices provided by the bank.
  • Prepare Spreads
    • Prepare spreads in Moody's Risk Origins (C&I) or Excel based sizing templates (CRE) to aid Relationship Manager and Line Management in determining whether to move forward with a request.
• Underwriting Activities (40% of time)
  • Determine financial information requirements
    • Work with the Relationship Manager to obtain all necessary information to underwrite the credit request.
  • Aid in preparation of the Pre-Approval Memorandum
    • Prepare the financial portion of the pre-approval memorandum to assist Relationship Manager in obtaining concurrence to issue a Term Sheet to a prospective borrower.
  • Determine due diligence requirements
    • Prepare due diligence request for items needed to fully underwrite the credit request and forward to Loan Closing Officer for ordering of due diligence items (lien, credit, UCC, OFAC, etc.).
  • Perform borrower financial analysis
    • Review and analyze borrower financial information including: corporate financial statements, tax returns, and accounts payable and accounts receivable aging to determine borrower financial condition and develop cash flow analysis.
  • Perform guarantor financial analysis
    • Review and analyze personal financial information for guarantors including personal financial statements, tax returns, real estate owned schedules, and liquidity statements to determine financial strength of guarantor.
  • Review and analyze all 3rd party reports
    • Obtain all 3rd party reports and include findings in analysis of financial condition of borrower or guarantor.
  • Identify and mitigate risks
    • Work with Relationship Manager to identify and mitigate all risks and disclose in the credit approval memorandum.
  • Collaborate in credit structuring
    • Work with the Relationship Manager to structure credit requests that serve the best interest of the customer and bank.
  • Determine borrower, guarantor and facility risk rating
    • Complete all required risk rating models and analyses.
  • Complete Credit Approval Memorandum and electronic approval memorandum
    • Draft approval narrative in MS Word and enter the deal into the approval system (e-CAM).
  • Assemble approval package
    • Ensure that the approval package is complete and all supporting schedules / documents are included. Preview with the RM and Line Management for any corrections or changes.
  • Deliver the Approval Package to Credit Products Manager (CPM), Senior Credit Products Manager (SCPM) or Managing Director of Credit Products (MDCP) depending on Corporate Approval Model
    • Obtain affirmation of the credit package and support of the credit request.
• Approval Activities (10% of time)
  • Deliver approval package to Credit
    • Depending upon the approval authority required by the Corporate Approval Model, assist the CPM, SCPM or MDCP in the delivery of the approval package to the appropriate Credit Officer.
  • Document approvals
    • Once the credit package is approved, ensure all approvals, in whatever approved format, are obtained and properly documented.
• Post-approval Activities (5% of time)
  • Finalize credit approval package
    • Ensure package is complete and forward to assigned Loan Closing Officer in Loan Administration.
  • Documentation Review
    • Ensure the loan documents accurately reflect the credit approval.
  • Credit file organization
    • Ensure credit information is stored according to the Bank's file storage guidelines.
  • Draft Post-Approval Modification Memo
    • Prepare Modification Memo to document material changes to the approved credit package, as needed.
• Portfolio Management Activities (30% of time)
  • Manage financial ticker items
    • Collect and review financial statements and covenant compliance and borrowing base worksheets from corporate customers.
  • Perform property inspections
    • Perform property inspections where applicable and prepare reports.
  • Process draw requests and extensions
    • Prepare and process extension requests and draw requests under approved GLOC's conducting MAC check/incurrence s if applicable.
  • Conduct ongoing credit assessments/reviews
    • Complete annual, semi-annual or quarterly reviews as required on corporate lending relationships. Prepare monthly Watch list comments and quarterly Criticized Loan Asset Reports where applicable.
  • Risk Rating Management
    • Through ongoing portfolio management, seek out early warning signs of deteriorating credit trends and make ongoing assessments relative to credit risk ratings (both positive and negative).
  • Research
    • Conduct ongoing research on industries/concepts and identify trends.
  • Identify cross-sale opportunities
    • Identify potential cross-sale situations including CRA eligible credits.
  • Underwrite ACH exposure
    • Underwrite ACH exposure for borrowing and non-borrowing clients.
  • Credit File Management
    • Perform annual review of credit files for accuracy and completeness and maintain electronic back-up of client's key financial records and documentation.
  • Portfolio Review
    • Perform ongoing (quarterly) portfolio reviews on credits of particular interest to Team Leader and Credit Administration.
  • Customer Service
    • Act as Secondary Officer to service corporate customers relative to credit servicing including participating in credit related calls with existing and prospective borrowers.

EDUCATION

• Bachelor's Degree 4 year college degree in business related field, or other acceptable alternative field required.

Experience

• 7-9 Years of credit experience required.

Knowledge, Skills And Abilities

• Must have good accounting skills developed through formal college undergraduate courses (through intermediate accounting) or through acceptable alternative means such as AIB.