Senior Vice President, Credit Officer
SmartBiz · Northbrook, IL · 2 wk ago
On-siteFinance$500k/yrFull-time
Primary Responsibilities
- Oversee credit underwriting and administration for the Bank's commercial loan portfolio, including commercial real estate (CRE), commercial and industrial (C&I), and SBA 7(a) lending.
- Evaluate and approve credit requests within delegated lending authority and provide recommendations on larger or more complex relationships requiring higher-level approval.
- Partner with relationship managers to structure credit facilities that balance customer needs with prudent risk management.
- Monitor the loan portfolio for emerging credit trends, concentrations, policy exceptions, and potential problem credits.
- Aid in maintaining and recommending updates to the Bank's Credit Policy, underwriting guidelines, and credit procedures.
- Prepare and present weekly, monthly, and quarterly credit reports for executive management and Credit Committee.
- Participate in Management Credit Committee meetings and provide sound credit recommendations.
- Serve as a primary contact for internal loan review, external auditors, and regulatory examinations.
- Collaborate with legal counsel, and lending officers regarding criticized assets, loan workouts, and legal matters.
- Review annual credit reviews and renewals.
- Mentor and develop Credit Analysts and other credit personnel.
- Identify opportunities to improve credit processes through technology and workflow enhancements.
Skills / Requirements
- Strong commercial credit underwriting and portfolio management experience.
- Knowledge of OCC regulations and credit risk management.
- Experience with SBA lending preferred.
- Strong analytical, communication, leadership, and organizational skills.
- Proficiency with Microsoft Office, Abrigo, Fiserv, Google Workspace, and commercial banking systems.
- Willingness to attend customer meetings and work additional hours when necessary.
Supervisory Responsibilities
- Lead approximately four direct reports, including Credit Analysts.
- Support employee development, performance management, and succession planning.
Education & Experience
- Bachelor's degree in Business, Finance, Accounting, Economics, or related field.
- Minimum 10 years of progressive commercial banking and credit experience.
- Minimum 5 years in a senior credit leadership role.
- Previous individual credit approval authority of at least $500,000.
- Experience with an OCC-regulated financial institution strongly preferred.