SUMMARYThe Commercial Credit Officer is responsible for providing support, direction, credit information, and loan policies and procedures to ensure the overall quality of the Bank's commercial lending portfolio; ensures accurate and timely risk rating of the Bank's commercial loan portfolio; oversees the production of loan documentation relating to the opening, servicing, closing, and renewal of commercial loans; ensures loans and agreements comply with state and federal laws, regulations and Bank lending policies and procedures; ensures loan agreement covenants are adequately monitored; ensures department activities run smoothly and efficiently.
The Commercial Credit Officer will work with the credit team to ensure the review and approval/decline of all commercial loans. In this role, the Commercial Credit Officer will work with lenders to structure loans and conditions that are favorable to the bank, accepting an appropriate amount of risk and pricing the product accordingly.
ESSENTIAL DUTIES AND RESPONSIBILITIES- Credit Risk Management: The CCO establishes and implements commercial credit risk management framework and policies to ensure that lending decisions align with the institution's risk tolerance and regulatory requirements.
- Credit Approval Process: Work with the credit team to ensure that all commercial loans meet the institution's lending criteria and quality standards.
- Portfolio Monitoring: Work with the credit team to ensure monitoring of the commercial loan portfolio's performance, including accurate and timely risk ratings, exception monitoring, covenant monitoring, and maturing loans.
- Problem Loan Management: Monitor past due loans, oversee customer outreach, work with VP - Loan Servicing on past due commercial loans over 60 days past due and/or in the process of liquidation. Monitor and report on all commercial loans or relationships classified Special Mention or Substandard.
- Customer and Site Visits: The CCO may participate in or perform customer and site visits related to a potential new commercial loan request, an annual risk rating, problem loan management, or other reasons.
- Management Reporting: Review and/or prepare monthly, quarterly, or annual reports for management and the board of directors.
- Team Leadership: Manage and guide team members, fostering a collaborative environment to achieve the institution's credit objectives. This includes training and developing staff to enhance their skills.
- Regulatory Compliance: Serve as a point of contact for regulatory examiners and auditors regarding all commercial credit related matters, and ensuring compliance with industry regulations.
- Strategic Direction: Provide strategic direction for credit risk management, balancing growth with financial stability, and fostering a credit culture that supports the organization's long-term objectives.
GENERAL EXPECTATIONS- Strong leadership with proven success in commercial lending.
- In-depth knowledge of bank products, services, and applicable regulations.
- Excellent communication, organizational, and analytical skills.
BENEFITS- Salary: $80,000 - $120,000 (The stated pay range is designed to encompass compensation across varying levels of relevant experience and education.)
- Comprehensive benefit package includes medical, dental, vision and life insurance, AD&D, long-term disability, 401k plan with employer matching, paid time off including vacation, sick, holiday, birthday, and work anniversary.
