SUMMARY: Works with a Senior Credit Officer to ensure safety and soundness of the company's lending activities in the assigned business channels. This role supports Pinnacle Public Finance ("Pinnacle") in the public finance lending arena of the company at the direction of the Senior Credit Officer. Pinnacle provides financing on a national basis to state and local governmental entities (states, counties, cities, towns, school districts and special purpose districts/authorities).
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned.
For State and Local Governmental Entities:
- Preview select bid opportunities for origination team and communicate ability to underwrite transactions if awarded
- Upon award, review loan request; assess borrower's financial condition and calculate financial ratios by inputting (spreading) most recent three years of financials utilizing Excel spreadsheets
- Gather and analyze demographic information pertinent to borrower
- Evaluate creditworthiness and risks and recommend credit decision to approve or decline
- Prepare Credit Approval Memorandum as an analytical presentation in support of the recommended transaction and submit to Senior Credit Officer for approval
- Submit declined loans to Senior Credit Officer for additional evaluation
- Review and apply internal credit policy and procedures
- Exercise prudent credit judgment through loan authorities assigned by Bank Wide Credit Risk Management Committee, as approved by the Board of Directors.
- Assist origination team in structuring loan transactions and approving credit
- Participate in deal discussion meetings and exercise assigned authorities in each setting, inclusive of evaluating the approval or decline of loan/lease requests
- Mentor and train Credit Analysts
- Help to ensure safe and sound lending practices through ongoing monitoring of the loan/lease portfolio within assigned lending programs and industries and observance of market trends that may impact credit quality; perform annual review on relationships with aggregate credit exposure of $3 million or more
- Efficiently carry out all special projects and duties as assigned in a manner that demonstrates teamwork and cooperation
- Participate in both structured and independent learning opportunities in a manner that results in recognizable advancement of public finance credit underwriting skills and industry knowledge
- Minimal travel to support the credit underwriting process or to gain necessary industry information. The estimate is 2% of the time will be spent traveling, but this may vary significantly from time to time.
EDUCATION and/or EXPERIENCE: A four year college degree in a business related field, with a major in Accounting or Finance preferred. Must have strong accounting/financial analysis skills developed through formal college undergraduate courses. Must have extensive knowledge of municipal or commercial lending practices and regulatory rules. Experience in municipal finance and/or solid working knowledge of governmental fund accounting principles is beneficial. Must have demonstrated good credit judgment in previous work experience. Typically, candidate will have 10 or more years of municipal or direct commercial lending experience in a diverse lending setting. Candidate must be detailed oriented and demonstrate strong written and verbal communication skills.
CERTIFICATES, LICENSES, REGISTRATIONS: Formal Credit Training Required.