New York, NY
Industry: Accounting, Finance & Insurance•
Posted 171 days ago
Sr. Commercial Credit Officer - Middle Market Bank
This candidate will be part of the Credit Risk Management organization, operating in a high-profile and organizationally flat environment responsible for the due diligence, structuring and approval of loans submitted by Underwriters from various lending areas. The Middle Market Bank Senior Credit Officer (“MMB SCO”) will work proactively with the Underwriters and Relationship Management teams to analyze, structure, adjudicate, and legally document credit exposures. The MMB SCO is accountable for the monitoring and credit approval process for assigned portfolios, is expected to closely track the performance of existing exposures, and should have a forward looking view of portfolio performance. The successful SCO will have a deep understanding of the intricacies of asset backed and cash flow lending to clients with revenues between $50MM and $500MM in into multiple industries, and be able to proactively anticipate and incorporate changes in risk sentiments into our lending practices. This is a management position and the SCO will be responsible for delegation of responsibilities and development of a junior credit officer.
Approval authority is delegated solely to the Senior Credit Officer in the 2nd line of defense who mentors and works proactively with Underwriters in the 1st line. This individual will have experience through various credit cycles with underwriting, structuring, covenanting, risk-rating and pricing simple and complex commercial loan transactions. The individual will have a thorough understanding of credit principles and have mastered the technical requirements of analysis. In addition to the technical proficiency required, the candidate will also be expected to exhibit good judgment in decision making and be an inclusive and collaborative partner with the 1st line.
Manage Credit Approval Process:
On-going Portfolio Management:
Job ID R49111