Credit Officer

Credit OfficerAt ServisFirst, Our Name is Our Mission.The Credit Officer gathers and reviews financial data in order to evaluate the creditworthiness of potential clients and offer alternatives to meet client lending needs. Duties are dependent upon the characteristics of the local lending market and may range from private loans to individuals to specialized products such as commercial real estate or agriculture. In addition, emphasis may be on prospecting, underwriting, or reporting and portfolio management, depending on local market needs.The Credit Officer has lending authority to make decisions within specified thresholds and may submit loans with larger risk for further approval, depending on regional management directives. The level of lending autonomy is generally determined by the Regional CEO. The Credit Officer is entrusted with gathering initial financial information, writing up details using the Bank's credit system, making recommendations or granting the loan, and subsequently monitoring each loan's performance. The Credit Officer ensures that loans meet all Bank lending policy as well as regulatory guidelines.The incumbent will:Review and approve credit application packages and collateral documents for accuracy, adherence to policy, risk and complianceDetermine the strength and/or weakness of the client's credit to determine the terms of the loanMonitor lending portfolio for upcoming or past due maturities and take action to collect and avoid/minimize lossGenerate routine and ad hoc reports; provide documentation as needed for compliance reviews and auditsProvide detailed analysis on individual commercial loans that are secured by AR & Inventory (assets-based lending "ABL") as well as general analysis on the entire portfolio of asset-based loansProactively work to help mitigate the bank's risks on ABL lines of credit by building out and implement a framework surrounding credit administration reviewing larger ABL credits (typically lines greater than $2MM)Work to ensure that ABL lines of credit are booked as they are approved and then monitored appropriately post booking (timely collection of appropriate, required financial information, verify accuracy, and appropriate availability)Provide front end analysis and input on prospects that ServisFirst is looking to provide ABL lines of credit toWork with account officers, assistant relationship managers, and portfolio managers to ensure they are providing co approvers sufficient underwriting information on renewing or increasing existing ABL lines of creditBuild out and implement a framework for internal loan review capabilitiesProvide detailed feedback (documented report) on loans that are reviewed which will typically in the $1MM to $5MM rangeDocumentation on internal loan review should be provided feedback to each Regional Bank which highlights any RG change recommendations, documentation exceptions, omissions that should be in the loan package, missing financial information, was our underwriting sufficient, or other items that need to be discussed.Provide quarterly internal loan review summaries to the CRO, CCO, and COO that highlight the number of relationship and dollar amount of relationships reviewed, RG changes, common exceptions, and any other trends or important notationsResponsible for being familiar with all compliance regulations and policies that are applicable to this position and follow and ensure compliance with these regulations and policiesNote: Reasonable accommodation may be made to enable otherwise qualified associates/applicants with disabilities to perform the essential functions of the job.Note: Additional duties and responsibilities may be assignedMinimum Qualifications:Bachelor's degree in Finance, Accounting or a related fieldMinimum five (5) years' experience in financial analysis, banking or a related fieldExcellent understanding of fundamentals of finance/credit administration, critical ratios and forecasting, and local market, as demonstrated through previous experienceExcellent written and verbal communication skillsExperience using Microsoft Outlook, Word and ExcelExperience in a position requiring attention to detail and data analysisExcellent organizational skills and ability to multi-taskAbility to work independently with little supervisionWorking knowledge of collateral instruments (i.e. letter of credit, UCC filings, and personal/corporate guarantees)RMA, nCino, and/or Moody training is a plusPhysical Requirements and Environmental Conditions:Sustained standing and sittingFrequent use of PC, including typing or sustained attention to monitorOccasional lifting of basic office files or equipment up to 20 lbsNormal office environment with comfortable internal temperatures and low level noiseEOE/AA