Senior Credit Officer

Job Description

Job Description

About Studio Bank:

Studio Bank's mission is to empower creators. (And we're all creating something.) Whether you're designing a company or creating a better life for your family, crafting a song or writing code, orchestrating social change or enhancing the quality of care, we want to collaborate with you. A studio is a place where creators do their thing. Welcome to yours.

From our inception, we invested a lot of time defining what a "best place work" means to us. What developed from those conversations (and continues to develop) is a vision for a company with a clear purpose and mission, with a culture that inspires accountability, trust, commitment, transparency, initiative, fellowship, collaboration, innovation, continuous learning, fun, and ultimately a wonderful quality of life. Our company is proudly certified as a Nashville Living Wage Employer and has been repeatedly recognized as one of the Nashville's Business Journal's "Best Places to Work"!

At Studio Bank, we are committed to an exceptional employee experience, unlike any other in Nashville and Chattanooga today - from culture and values to rewards, recognition, and development (and everything in between).

Careers at Studio include competitive benefits and wellness offerings, equity ownership, continuous learning, open-door access to leadership, community involvement, and plenty of perks!

Position Summary:

A senior credit officer has overall responsibility for credit risk oversight, underwriting leadership, portfolio quality, and policy governance, ensuring safe and sound growth aligned with the Bank's strategic objectives.

Essential Duties & Responsibilities :

• Contribute to and uphold a safe and sound credit culture within assigned market
• Directs the examination of credit analysis before granting and/or recommending loan approvals or loan commitments to ensure its adequacy and completeness.
• Personally, and in participation with others, approves or rejects the most complex or sizable loans or loan commitments, where difficult questions of policy or credit risk may be involved.
• Serves as an advocate for loan opportunities when presenting for approval
• Establishes, implements and manages administrative and review systems and procedures to protect the quality and profitability of the loan portfolio.
• Proactively identifies potential problem credits and works with loan workout specialists to restructure the credit and/or minimize losses.
• Provides for the training, development, and coordination of credit underwriters.
• Provides support for relationship managers in sales efforts.
• Advises credit and loan personnel on the bank's overall lending policy, noting significant trends and recommending policy changes where needed.
• Prepares key portfolio reporting information for assigned market for management reporting as needed
• Participates with Chief Credit Officer in the development and maintenance of Bank's credit policy.
• Participates with Compliance Officer in the development and maintenance of compliance policies.
• Creates and maintains underwriting forms, tools and processes.
• In depth knowledge of the bank's credit and loan administration policy and identifies exceptions to the policy within any current and potential loans.
• Review property appraisals in conjunction with reviewing loan risks.
• Visits clients and properties to evaluate potential loans.
• Assists in preparing and negotiating loan documentation
• Approves consumer, private banking and commercial loan applications within assigned authority.
• Assists Relationship Managers with portfolio management functions such as:
  • Obtaining, reviewing and reporting on updated financial statements from borrowers.
  • Pro-actively calculate and monitor portfolio loan covenants.
  • Conduct annual reviews.
• Directly supervises a credit underwriting team.
• Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.
• Responsibilities may include interviewing, recommending candidates to be hired, and training employees; planning, assigning, and directing work; appraising performance; recommending promotional changes, pay changes and terminations for poor performance.
• Performs other duties as assigned.

Essential Competencies :

• Possesses an in-depth understanding of commercial and commercial real estate credit.
• Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.
• Ability to deal with problems involving several concrete variables in standardized situations.
• Knowledge of basic accounting principles including an understanding of consumer and commercial cash flows.
• Ability to read and comprehend instructions, correspondence, and memos.
• Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
• Ability to analyze financial statements and other credit related data and to perform credit analyses Including the Ability to calculate figures and amounts such as interest, financial ratios and percentages.
• Ability to write clear, complete, and concise credit memorandums that summarize the completed analysis, include relevant risks and recommend actions to be taken.
• Ability to effectively present information in one-on-one and small group situations to clients, , other bankers, and management of the organization.
• Familiarity with laws and regulations in consumer and commercial lending.
• Ability to maintain confidentiality
• Proficient technology skills
• Proficient user of Microsoft Office products
• Excellent communication skills, both written and verbal
• Persuasive communication skills
• Effective problem solving and decision-making skills
• Ability to manage multiple priorities
• Resourceful and well-organized

Essential Experience :

• At a minimum, should have ten years of banking, credit underwriting, and/or accounting experience.

Preferred Experience :

• 15 years of banking, credit underwriting, and/or accounting experience.
• Demonstrated an ability to identify credit risks through an analysis of financial statements and other related business and industry information.
• History of individual credit approval authority
• A familiarity with the Chattanooga MSA business and/or privately wealthy individual markets.

Essential Education :

• Bachelor's degree (B.A.) from four-year college in a Business Administration discipline.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of the position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.

• The ability to sit for lengthy periods of time.
• Frequent use of computer, calculator, and other office equipment.
• While performing the duties of the job, the employee is regularly required to stand, sit, walk, use hands to finger, handle or feel, reach with hands and arms, stoop, kneel, crouch, crawl, talk and hear.
• Physical mobility and the ability to exert up to 50 pounds of force occasionally and up to 20 pounds of force frequently.
• Visual acuity to perform activities such as: preparing and analyzing data, inspecting handwriting and documents, viewing a computer terminal, expansive reading and using measurement devices.
• The physical environment includes inside conditions in which there will be protection from weather conditions but not necessarily from temperature changes.
• Flexibility to deal with changing work hours and locations as needed.