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Sr Credit Risk Manager (Business Banking)

Valley National Bank

Job DescriptionResponsibilities 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.Job RequirementsRequired 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 GEDMinimum 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.Job DetailsJob Type: Full-timeCategory: Commercial Banking/CreditSalaried: Salaried

Vacancy posted 19 hours ago
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