USAmeriBancorp

Sr. Commercial Credit Risk Manager

USAmeriBancorp • $110K — $130K *
Paramus, NJ 07652In-Person
Finance & Insurance
5 - 7 years of experience
Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Strong understanding of underwriting guidelines and procedures.
  • Advanced knowledge of credit underwriting and financial accounting.
  • Ability to structure deals and communicate effectively with lenders.
  • Proficient in Microsoft Office Suite, especially Excel.
  • Excellent interpersonal skills for client and team interaction.
  • A minimum of 7 years' experience in commercial lending and underwriting.
  • High School diploma or GED required; Bachelor's preferred.

Responsibilities

  • Monitor financial health of loan portfolios and communicate with clients.
  • Underwrite and structure new transactions, including renewals and modifications.
  • Lead client meetings and internal discussions on credit matters.
  • Review and mentor junior team members on credit packages.
  • Conduct due diligence and produce credit presentations per guidelines.
  • Approve transactions under individual lending authority as needed.
  • Ensure compliance with loan agreements and manage portfolio monitoring.

Benefits

  • Opportunities for professional development and career advancement.
  • Access to ongoing training in credit policies and underwriting practices.
  • Collaborative work environment with an emphasis on team support.
  • Exposure to high-level client interactions and significant decision-making.
  • Participation in special projects related to portfolio management.
Full Job Description
Responsibilities include but are not limited to:
  • Responsible for monitoring on a timely basis the ongoing financial health of an assigned loan portfolio while maintaining the ongoing communication and dialogue with clients in conjunction with the business team for all credit related reporting and business updates.
  • Underwrites and structures new prospective transactions as well as renewals, extensions, increases, and material modifications and amendments for existing clients.
  • Leads external client meetings as well as internal deal team discussions and approval discussions with senior management. Identifies, outlines, and mitigates risks associated with potential lending opportunities, advises on all matters related to the Bank's Credit Policy and related procedures, and provides guidance on loan structures and risk appetite.
  • Reviews credit packages completed by junior team members and provides general guidance and mentorship.
  • Performs the required due diligence and analysis, produces the credit presentation in accordance with guidelines and policy while ensuring timely completion of the underwriting, presents credit requests to the required level of credit authority, and oversees the legal documentation and closing process.
  • Approves transactions under individual lending authority, when applicable.
  • 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, maintains direct contact with clients as needed for account monitoring and administration and site visits.
  • Validates and analyzes reports such as financial statements, borrowing base certificates, collateral field examinations, appraisals, engineering reports, etc. to verify compliance. Escalates issues to appropriate levels and develops action plans as necessary.
  • Ensures credits are accurately risk rated and are properly monitored and reported.
  • Prepares all required quarterly reports and analysis including Criticized Loan Monitoring Reports as well as other portfolio management reports as required.
  • Participates in special projects and requests related to the management of the portfolio.


Required Skills:
  • Demonstrates a strong understanding of policies and procedures, underwriting guidelines and RACs.
  • Advanced knowledge of credit underwriting, financial accounting and loan documentation.
  • Advanced knowledge of how a deal should be structured and comfortability with conversing this structure to lenders.
  • Strong 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.
  • Strong 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 7 years of experience in a commercial lending environment in a credit-oriented and underwriting position.

Preferred Experience:
  • Bachelor's degree in a related field 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

Similar Jobs

Ad banner background

Get Ready For Your
Next Interview

More Jobs at USAmeriBancorp

More Finance & Insurance Jobs

Find similar Sr. Commercial Credit Risk Manager jobs:

NationwideParamus, NJ