OPX Sr. Credit Products Officer

New Money Underwriting Activities

• Determine financial information requirements – Work with the Relationship Manager to obtain all necessary information to underwrite the credit request.
• Prepare Spreads – Prepare spreads within Moody's Credit Lens and other spreading tools and templates utilized by the Bank.
• Perform borrower financial analysis – Review and analyze borrower financial information including but not limited to: 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 new applications for completeness, proper loan structure, and adequate collateral, and condition the loan accordingly.
• Review and analyze all 3rd party reports – Obtain all 3rd party reports and include findings in analysis of financial condition of borrower or guarantor.
• Underwrite ACH exposure – Underwrite ACH exposure for borrowing and non-borrowing clients.
• Identify and mitigate critical risks and irregularities – 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 Risk Ratings – Complete all required risk rating models and analyses.
• Complete Credit Approval Memorandum within the Loan Origination System. Ensure that the approval package is complete, and all supporting schedules / documents are uploaded into the Loan Origination System.
• Complete Portfolio Management Activities as required for new money requests to existing Bank clients.
• Deliver approval package to the appropriate Credit Officer.
• Document approvals – Once the credit package is approved, ensure all credit approvals and associated documents are obtained and properly documented within the Loan Origination System.
• Prepare detailed Commitment Letters or Notices of Conditional Approval to communicate credit decisions to clients, as applicable.
• Review and clear closing conditions, seeking approval by a Credit Officer, as applicable.

  Post-approval Activities

  • Finalize Credit Approval Package for Closing – Ensure loan record is complete and forward to the Loan Closing Department.
  • Draft Post-Approval Change Memo – Prepare Change Memo to document material and immaterial changes to the approved credit package, as needed.

    Additional Portfolio Management Activities

    • Manage financial ticker items – Collect and review financial statements and covenant compliance and borrowing base worksheets from corporate customers.
    • Absorb draw requests associated with guidance lines of credit for equipment purchases.
    • Conduct ongoing credit assessments/reviews – Complete annual reviews as required on corporate lending relationships, confirming an electronic back-up of client's key financial records and documentation is maintained within the bank's systems of record.
    • Prepare quarterly Criticized Asset Reports where applicable.
    • Perform 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).
    • Identify and communicate cross-sale opportunities to Loan Officers as applicable during review of updated annual financial information received.
    • Underwrite ACH exposure – Underwrite ACH exposure for borrowing and non-borrowing clients.

      Other Activities

      • On a case by case basis this position may be asked by their manager or the Loan Officer to participate in credit related calls with existing and prospective borrowers.
      • Identify opportunities for continuous improvement in underwriting/portfolio management practices and tools.
      • Work with cross-functional teams as needed to develop, test, and deploy underwriting/portfolio management leading practices / tools as required.
      • Perform and participate in projects and assignments as may be required by management.
      • Assist management in the mentoring and training of junior CPO's.
      • Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).
      • Adheres to Bank policies and procedures and completes required training.
      • Identifies and reports suspicious activity.