Specialty Lending Senior Professional

Primary responsibilities

• Evaluates appropriateness of loan structure for new loan requests and works with Sales Team, Credit Risk and Underwriting Manager as needed to meet client needs while ensuring Bank’s credit risk profiles are maintained.
• Assume the responsibility to protect and preserve the integrity of individual portfolio while sustaining profitability, accurately assessing and managing risk, and managing the annual review process by means of recommendation for approval; assures compliance with Bank Credit Policy.
• Applies credit skills, product knowledge, industry analysis, and sound judgment to assess and manage credit risk effectively. Credit experience and skill set should range from standard to complex credit structures as it may relate to organizational aspects, financial analysis, collateral analysis, loan documentation and reviewing/testing covenants.
• Exhibits knowledge of various types of loan terms, structures, and conditions and understanding of loan documentation. Has extensive knowledge of credit policies and in particular application of the policies to a variety of situations.
• Consistently adheres to all Service Level Agreements and regulatory compliance requirements.
• Accurately test covenants and recognize various events of default while assisting with the recommendation and implementation of strategy and action planning.
• Effectively maintains high quality credit file documentation in a paperless environment. Effectively tracks and monitors financial statement requirements; reviews loan to assure compliance with all conditions of approval or LTV requirements.
• May participate in direct client contact, as appropriate, to gain a thorough understanding of the underwriting analysis.
• Adhere to internal underwriting processes and procedures, including timely and accurate data integrity.
• Responsible for working with Private & Wealth Specialty Lending Team members on Internal / External audit field work requests and/or remediation plans.

Qualifications, Education, Certifications and/or Other Professional Credentials

• Required Qualifications: 6+ years of experience and exhibited competency in various aspects of commercial lending /portfolio management including strong level of knowledge of financial analysis and custom/complex credit structuring, understanding and applying credit policy, and credit monitoring and risk administration practices.
• Comprehensive credit skills with experience in a wide array of complex credit transactions and UW. Strong cash flow and financial statement analysis skills.
• Standard knowledge of loan and related legal documents. Must be skilled in proposing and negotiating and approving credit and covenant structures.
• Able to maintain good communication across business unit and broader organization.
• Bachelors degree in related field required.

Hours & Work Schedule

• Hrs per Week: 40
• Work Schedule: Monday - Friday
• 4 Days in Office and one flex; can be based in one of several locations - Johnston, RI; Boston, MA; or NYC.

Pay Transparency

The salary range for this position is $95,000 - $140,000 per year plus an opportunity to earn a quarterly discretionary incentive. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism.

Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.

Benefits

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more.