USAmeriBancorp

Sr. Credit Risk Manager (CRE)

USAmeriBancorp • $110K — $130K *
Miami, FL 33134In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Strong understanding of policies, procedures, underwriting guidelines, and RACs
  • Advanced credit underwriting and financial accounting knowledge
  • Expertise in structuring deals and conveying this to lenders
  • Proficient in Microsoft Word, Excel, and Outlook
  • Excellent interpersonal skills for client and team interactions
  • Strong time management and mathematical abilities
  • Effective report writing and presentation skills
  • Minimum 7 years in commercial lending with an emphasis on credit and underwriting

Responsibilities

  • Monitor ongoing financial health of loan portfolio and communicate with clients and business team
  • Underwrite and structure new transactions, renewals, and modifications for existing clients
  • Lead external client meetings and internal discussions on credit policies and risk management
  • Review credit packages from junior team members, providing guidance and mentorship
  • Conduct due diligence and produce credit presentations for approvals, manage closing processes
  • Approve transactions under individual lending authority when appropriate
  • Oversee compliance with loan agreement terms through internal reporting and client engagement

Benefits

  • Comprehensive health and wellness programs
  • Retirement savings plan with company match
  • Opportunities for professional development and training
  • Flexible work arrangements
  • Employee assistance programs
  • Paid time off and holidays
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

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