Job Description

The Underwriting portion of this position is responsible for reviewing and underwriting loan requests under Commercial Credit Policy up to TCL $15MM. Underwriting and recommendations should be based on sound credit judgment with particular emphasis on adherence to credit policy and requirements, financial analysis/modeling, risk evaluation and mitigation and proper loan structuring.

• Position is responsible for underwriting and recommending for approval to Credit Officers within SLAs and meeting production requirements. Expected high degree of technical competency in credit analysis.
• The Underwriter will independently interact with Senior Management, Sales Team, and Credit Officer, to discuss and resolve risk related issues.
• Underwriter independently reviews financials, proposed loan structure, collateral and due diligence and makes recommendations of new money requests for approval.
• Aggressively seeks alternative means of financing or counter offers for all borrowers when it is determined that the original request cannot be accommodated.
• The Underwriter will perform the functions of the position with periodic oversight and is expected to perform with reasonable to general supervisory intervention.

The Portfolio Manager piece is responsible for effective credit administration with particular emphasis on adherence to credit policy and requirements, financial analysis/modeling, risk evaluation, and on-going portfolio maintenance activities.

• Responsible for ensuring overall portfolio performance and asset quality remains strong and independently develops strategies and actions to resolve issues that could increase risk and/or create loss for the Bank.
• Manage relationships with TCL between $1MM - $15MM, with particular emphasis on larger (>$3MM) more complicated relationships. Expected high degree of technical competency in credit analysis.
• Independently interact with Senior Management, Sales Team, Credit Officer and CRM, in order to discuss and resolve risk related issues.
• Direct interaction with customers may be required, in order to discuss and resolve risk related issues.
• Independently reviews financials and makes recommendations for approval of annual review/renewal and/or modifications within delegated lending authority.

Primary Responsibilities

Underwriter

• Evaluates appropriateness of loan structure with Relationship Managers as needed to meet client needs for new loans while ensuring the Bank's credit risk profiles are maintained.
• Assures compliance with Commercial Credit Policy and Risk Acceptance Criteria.
• Applies credit skills, product knowledge, industry analysis, and sound judgment to assess and manage credit risk effectively.
• Exhibits knowledge of various types of loan terms, structures, and conditions and understanding of loan documentation.
• Credit experience and skill set with complex credits, including various organizational structures, covenant structures and/or collateral structures.
• Consistently adheres to all Service Level Agreements.

Portfolio Manager

• Assume the responsibility to protect and preserve the integrity of the pooled or individual portfolio while assessing and managing risk, through the annual review process via recommendation.
• Applies credit skills, product knowledge, industry analysis, and sound judgment to assess and manage credit risk effectively.
• Exhibits knowledge of various types of loan terms, structures, and conditions and understanding of loan documentation.
• Consistently adheres to all regulatory compliance requirements.
• Accurately test covenants and recognize events of default while providing recommendations on strategy and action planning.
• Effectively supports high quality credit file documentation in a paperless environment.
• Effectively tracks and monitors financial statement requirements; reviews Borrowing Base certificates.
• Consistently adheres to all Service Level Agreements

Qualifications

• 7+ years of experience and exhibited high degree of technical competency in various aspects of commercial lending /portfolio management.
• Exhibit comprehensive written and verbal communication skills.
• Experience with financial analysis and credit structuring, understanding and applying credit policy, and credit monitoring and risk administration practices.
• Expected to have high level of credit and documentation experience.
• Must be skilled in proposing and negotiating and recommending credit and covenant structures for approval.
• Must demonstrate practical and conceptual knowledge of credit and risk analysis.

Education

• Bachelor's Degree
• Preferred: Master' Degree

Hours & Work Schedule

• Hours per Week: 40
• Work Schedule: Monday thru Friday, 4 days in the office

Pay Transparency

The salary range for this position is $118,000 - $146,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the budget, work location, and relevant skills and experience.

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens' paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits .