Senior Credit Officer

Summary:

Support designated market by having a primary focus on underwriting and approval of credit requests. In addition, this role will support the overall on-going service of the market’s portfolio. The role includes traditional “credit” area responsibilities for asset quality. Incumbent will exhibit the ability to highlight credit proposals which in their view do not meet the FB credit risk appetite, and in those instances will consult with the Regional President(s) and Regional Credit Officers.

ESSENTIAL DUTIES AND RESPONSIBILITIES

ESSENTIAL FUNCTIONS: To perform this job, an individual must perform each essential function satisfactorily with or without a reasonable accommodation.

• Proactively work with Bankers to make independent credit decisions in a timely manner that meets the Bank’s credit appetite and distinctive service commitment. The Sr. Credit Officer will be assigned credit authority in conjunction with their experience level, time within the FB position, and market needs.
• Demonstrate ability to quickly analyze available information and formulate an action plan addressing the topics below:
  • Initial exploratory discussions with MP/RM/PM.
  • Deep financial assessment of Borrower/Guarantor
  • Repayment capacity
  • Evaluation of collateral
  • Character and experience of Borrower/Guarantor
  • Adherence to Policy
  • Industry issues
• Demonstrate knowledge of all credit products – loans, ACH, LCs, and SWAPs
  • Demonstrate knowledge of Consumer and Business (CRE and C & I) customer types, asset classes, and industries.
• Assist with the education, training, and mentoring of Relationship Managers, Portfolio Managers, and Relationship Manager Associates related to the credit process.
• Exhibit an expert understanding of banking industry regulatory compliance including FirstBank-specific policies and procedures, applying knowledge and best practices as appropriate.
• With support of the Regional Credit Officer, assist Regional President/Market President with underwriting, structuring, and closing complex credits.
• Serve as an integral member of the Credit Quality Control Review team. As such the SCO will review source documents that will include the date of source documentation used, DSCR, GDSCR, LTV, and sources of repayment. The review will determine whether the appropriate level of credit approval authority is used, if Credit Policy exceptions were properly identified and mitigated, and the appropriate ancillary forms (risk rating worksheet, etc.) were included with the credit approval document.
• Customer Service: Responsible for fostering a professional experience for internal associates and external clients. Routinely attend weekly/monthly Market Sales Meetings and Client and Key Prospect Meetings.
• Portfolio Management/On-going Servicing: With limited supervision and in a team approach, work closely with Market Presidents and Bankers to provide oversight and assistance with on-going analysis and identify customer trends and issues, modifications and amendments to existing loans, and timely and accurate risk ratings.
• Practice safe and sound bank procedures, including adherence to applicable laws and regulations, internal controls, operational procedures, risk management policies, and security protocols

Education and/or Experience

• Education: Bachelor’s degree. Degree in Finance, Accounting or Economics strongly preferred
• Experience: Minimum 10+ years of banking experience with a minimum of 4 years in a meaningful credit role.

Skills and Abilities

• Advanced Mathematical Skills - Ability to work with mathematical and algebraic concepts such as probability, statistical inference, forecasting, advanced ratio analysis and underwriting. Ability to apply and analyze concepts such as fractions, percentages, ratios and proportions to practical situations.
• Advanced Computer Skills - Frequent use of electronic mail, word processing, data entry, spreadsheets, graphics, etc. Ability to create, maintain and incorporate simple functions into documents, spreadsheets, databases and presentations to support business objectives.
• Complex Communication - Frequently communicate complex information and interact with management. Can present, resolve and address delicate situations. Can motivate and persuade others.
• Varied Business Problems - Problems are varied and complex, requiring analysis or interpretation of the situation. Problems are solved using knowledge and skills, general precedents and practices; may collaborate with other operating areas.
• Location-Specific Impact - Decisions impact the management and operations within a location. May contribute to business and operational decisions that affect the location.
• Ability to demonstrate the highest level of ethical behavior and confidentiality and maintain confidentiality with sensitive information.
• Respectful demeanor toward other associates and managers that promotes a positive and professional work environment.
• Understand and comply with bank policy, laws, regulations as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.