Credit Manager

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process. Credit Manager Full Time West Street, Danbury, CT, US 30+ days ago Requisition ID: 1023 The Credit Manager is responsible for managing the Bank’s commercial credit risk, credit approvals, commercial loan closings and ensuring compliance with laws and regulations. Key Responsibilities : Manage the overall commercial credit risk, credit approvals and commercial loan closings of the Bank, ensuring that lending decisions align with the Bank’s risk tolerance and strategic objectives. Manage the credit analysis and loan closings functions, assign tasks to the team, review their reports, provide guidance and training oversight. Ensure that proposed loans and underwriting adhere to existing policy guidelines, and documentation is sufficient to ensure security of collateral. Review and recommend credit limits, structure loan terms, and monitor borrowing base compliance, and compliance with loan covenants and policy guidelines. Ensure quality control and accuracy in credit evaluations and loan documentation, and ensure ongoing compliance with the flood insurance regulations, and compliance with other laws and regulations. Prepare credit approval memorandums, and recommended actions. Performs in-depth credit analysis for new and existing relationships. Primarily, responsible for due diligence and underwriting of the more complex commercial credits. Determine appropriate loan documentation requirements, and communicate with borrowers, legal counsel, and bank employees to obtain and review due diligence items required to close commercial loans. Collaborate on developing, maintaining and enforcing credit policies, underwriting standards, and ensuring that all credit related activities comply with regulatory requirements and internal guidelines. Collaborate on maintaining compliance requirements. Collaborate on managing the appraisal function. Serve on special projects teams or task forces as required. Educational and Experience Requirements Include: Bachelor's degree in business or finance or an equivalent 10+ years relevant experience in credit evaluation and administrative process, and leadership capabilities preferred Strong ability to interpret financial statements, assess risk, and make informed credit decisions . Strong financial acumen and analytical skills Strong knowledge of regulatory requirements and risk management practices Strong interpersonal skills including verbal and written communication and listening skills Strong computer and banking software to include advanced experience with Word and Excel Physical Demands and Work Environment To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill, and/or ability required. Any physical demands or work conditions described are representative of those that must be met by an individual to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job. #J-18808-Ljbffr Savings Bank of Danbury