VP Commercial Credit Officer III
The Bancorp
full-time
Posted on:
Location Type: Remote
Location: North Carolina • United States
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Salary
💰 $75,850 - $130,341 per year
Job Level
About the role
- Performs audit quality review and approval of commercial lease and loan applications and submission documentation at time of underwriting for full compliance with bank credit standards and feasibility of the proposed transaction.
- Works with salesperson to structure each request to best protect the Bank and to meet the borrower’s desired outcome.
- Communicates with borrowers, sales team, internal team members, and others as appropriate.
- Prepares detailed financial analyses of borrowing entity, any corporate guarantors and/or affiliates, and principles in the transaction.
- Maintains accurate and complete lease and loan files.
- Generates a written Credit Approval Memorandum reflecting a full underwriting of the proposed transaction meeting bank standards for approval within Bank’s SLA.
- Assembles credit committee packages and works with management for presentation to the lease or loan committee when needed.
- Serves as the primary backup for the Commercial Credit Manager.
- Determines initial eligibility on certain government guaranteed products (as applicable).
- Works with the compliance department to facilitate the closing of requests and handles credit-related issues as needed.
- Prepares timely modifications as needed to complete closing process.
- Prepares and sets up credit files in accordance with Commercial standards.
- Trains and mentors less experienced credit officers and analysts.
- Performs other duties as assigned.
Requirements
- Undergraduate degree in Business, Finance or an equivalent combination of training and experience.
- 7 years of commercial, leasing and/or small business lending credit experience.
- Formal bank credit training preferred.
- Strong working knowledge of accounting and credit underwriting.
- Strong verbal, written, and interpersonal communication skills.
- Good credit and underwriting skills analysis including cash flow, balance sheet, financial ratio, industry analysis, etc. with an understanding of bank’s credit profile, credit policies, and risk management objectives.
- Team player, able to work effectively in a team fostered, multi-tasking environment.
- Proficient in Microsoft Office suite e.g., Excel, PowerPoint, Word, Outlook.
Benefits
- Competitive pay that varies based on individual experience, qualifications and other relevant factors
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
financial analysiscredit underwritingcash flow analysisbalance sheet analysisfinancial ratio analysisindustry analysisbank credit standardsrisk managementcommercial lendingleasing
Soft Skills
verbal communicationwritten communicationinterpersonal communicationteam collaborationmulti-taskingmentoringtraining
Certifications
bank credit training