USAmeriBancorp

Credit Risk Manager

USAmeriBancorp • $80K — $95K *
St. Petersburg, FL 33710In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 3+ years in commercial lending with a focus on credit and underwriting
  • High School diploma or GED required; Bachelor's preferred
  • Knowledge of credit underwriting and financial accounting
  • Proficient in Microsoft Word, Excel, and Outlook
  • Strong interpersonal skills for client and team interactions
  • Ability to manage time effectively and handle multiple tasks
  • Strong mathematical and administrative skills

Responsibilities

  • Oversee portfolio monitoring and compliance with loan agreements
  • Validate and analyze financial reports and collateral assessments
  • Ensure accurate risk ratings and monitoring of credits
  • Collaborate on quarterly reports and portfolio management analyses
  • Underwrite new transactions and renewals for existing clients
  • Engage in client meetings and internal discussions with senior management
  • Conduct due diligence and present credit requests to authorities

Benefits

  • Opportunities for professional development and training
  • Collaborative work environment with cross-functional teams
  • Engagement in special projects related to portfolio management
  • Exposure to senior management and decision-making processes
  • Potential for career advancement within the organization
Full Job Description
Responsibilities include but are not limited to:
  • Maintains oversight via internal reporting and dashboards of all ongoing portfolio monitoring requirements and client deliverables as well as compliance with all terms of the loan agreement including (i) financial reporting, (ii) covenant compliance, (iii) collateral monitoring, (iv) required third party reports, (v) annual reviews, and (vi) maturing loans and lines of credit. In coordination with the business team, coordinates client follow up as needed for account monitoring and administration.
  • Validates and analyzes reports such as financial statements, borrowing base certificates, collateral field examinations, appraisals, engineering reports, etc. to verify compliance. Completes financial statement spreads and cash flow analysis, performs collateral analysis, and conducts research on industries/markets. Escalates issues to appropriate levels and develops action plans as necessary.
  • Ensures credits are accurately risk rated and are properly monitored and reported.
  • Collaborates on preparation of all required quarterly reports and analysis including Criticized Loan Monitoring Reports as well as other portfolio management reports as required.
  • Underwrites new prospective transactions as well as renewals, extensions, increases, and material modifications and amendments for existing clients.
  • Participates in external client meetings as well as internal deal team discussions and approval discussions with senior management.
  • Performs the required due diligence and analysis, produces the credit presentation in accordance with guidelines and policy while ensuring timely completion of the underwriting, and presents credit requests to the required level of credit authority.
  • Participates in special projects and requests related to the management of the portfolio.


Required Skills:
  • Knowledge of credit underwriting, financial accounting and loan documentation.
  • Knowledge of how a deal should be structured and comfortability with conversing this structure to lenders.
  • Proficient computer skills using Microsoft Word, Excel and Outlook.
  • Strong level of interpersonal and social skills needed to interact with loan officers, administrative staff and customers.
  • Ability to manage time efficiently.
  • Strong mathematical skills.
  • Proficient credit skills.
  • Strong administrative skills.
  • Ability to write reports and business correspondence.
  • Ability to effectively present information and respond to questions.

Required Experience:
  • High School diploma or GED.
  • Minimum of 3 years of experience in a commercial lending environment in a credit-oriented and underwriting position.

Preferred Experience:
  • Bachelor's degree and completion of a formal credit training program.

About USAmeriBancorp

Valley National Bancorp, doing business as Valley Bank, is a regional bank holding company headquartered in Wayne, New Jersey with approximately $42 billion in assets. Its principal subsidiary, Valley National Bank, currently operates over 230 branch locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, and Queens, as well as Long Island, Florida, and Alabama. Valley Bank holds approximately $29 billion in assets. ,Valley Bank is one of the largest commercial banks headquartered in New Jersey.
Learn more about USAmeriBancorp
Industry
Legal & Accounting
* Ladders Estimates

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