Division: Beacon Bank & Trust
Department: Credit
Reports to: Chief Credit Officer
Status: Exempt/SVP
Grade: 15
Pay Range: $139,614-$257,288
Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.
Location: MA, CT, NY, VT, RI
Purpose/Objective:The Senior Credit Officer (SCO) reports to and supports the Chief Credit Officer (CCO). Senior Credit Officers are a key credit position within the Bank, supporting the approval process for new and existing Commercial Banking relationships within Beacon Bank's regional banking model. In partnering with both the credit organization and the lines of business, the SCO balances a strong credit culture with an efficient and effective approval process that provides a key competitive advantage for the Bank. The SCO must balance a strong asset quality focus while supporting the Bank's business development
The SCO is responsible for an assigned portfolio including: structuring and approving credit exposure for new and existing relationships, managing the credit process to ensure consistency with Credit Policy and established underwriting guidelines, monitoring the assigned portfolio and associated risk, and ensuring systems are kept current and accurately reflect portfolio risk.
Key Accountabilities:- Credit Decisioning: Ensures effective Credit and Relationship Manager partnership to determine appropriate financing solutions. Exercises loan approval authority within established limits as proscribed in Credit Policy. Consults with Chief Credit Officer on complicated transactions.
- Loan Structuring: Responds promptly to transaction requests to determine feasibility and nature of analysis to be conducted. Identifies critical issues and makes approval decisions within established limits. Provides feedback during the deal identification / deal screen process for all lines of business.
- Client Calls: Meets with significant clients or prospects as necessary to assess management, clear any conditions of approval, promote due diligence, and/or address deteriorating situations.
- Asset Quality Standards: Monitors and manages the overall credit quality of assigned Ensures timely identification of deteriorating credits and accurate and timely risk rating of the assigned portfolio. Promotes a credit culture based on strong asset quality.
- Best Practice Sharing: Keeps abreast of industry and market trends and communicates these trends within the Credit Officer network and within their assigned region. Ensure compliance with all banking laws, rules, regulations, and prescribed policies / practices / procedures necessary to reduce risk and uphold ethical standards related to and required by one's duties.
- Other duties and special projects as assigned by the Chief Credit Officer.
Education:- Bachelor's degree in finance, accounting, economics, or related field
Experience:- 15+ years of experience in credit analysis or risk underwriting in the banking industry
- 5+ years of supervisory experience preferred
Skills & Knowledge:- Strong knowledge of financial statement analysis with ability to structure, review, and approve large/complex transactions
- Ability to prioritize and work under pressure
- Flexibility to work on both CRE and C&I credits
- Proficient in MS Office including Excel
- Proficiency in nCino products a plus.
- Strong written/verbal communication and organizational skills
- Strong interpersonal skills and ability to network both within the Senior Credit Officer's assigned region and across the organization.
