Chief Credit Officer

911 – Credit Administration

The Chief Credit Officer is responsible for the overall credit risk management of the bank. This position oversees the development and implementation of sound credit practices and policies in support of bank’s strategic growth. Chief Credit Officer will also direct all credit administration, annual loan review, credit analysis and support special asset functions of the organization in accordance with the policies.

• Collaborate with executive leadership to align credit policies with the bank’s business objectives.
• Oversee the development and implementation of formal procedures for the credit administration department, including an accurate loan risk rating process.
• Monitor activities and reports to ensure all tasks such as annual commercial credit reviews, new credit requests, financial statement collection, past due loan payment collections and problem loan management are done in a timely manner.
• Mitigate risk to the bank associated with documentation deficiencies, policy violations or credit misrepresentation.
• Review and coordinate revisions to loan policy and ensure annual ratification of and approval of periodic amendments to loan policy by Board of Directors.
• Determine appropriate due diligence necessary to establish appropriate lien priority and perfection.
• Review proper documentation of loans according to previously approved terms and conditions.
• Ensure adherence to officer loan authorities as established by loan policy.
• Establish procedures for custody and control of assets, records, loan collateral, securities and other negotiable instruments to ensure safekeeping.
• Establish budget for department and evaluate department expenses to ensure adherence to budget.
• Report portfolio and measurements to the Board of Directors.
• Prepare operational risk reports for management analysis.
• Select and recommend appropriate techniques for minimizing losses, such as procedures for recognizing, monitoring, and working out of substandard credits.
• Monitor documentation exceptions.
• Interact with vendors regarding service and products to facilitate effectiveness of lending and leasing functions.
• Review monthly management and board reports documenting lending and leasing activities.
• Establish appropriate tools to monitor credit, such as financial statement tracking, covenant tracking, and insurance.
• Reviews consumer and credit card underwriting and documentation standards.
• Review the monthly loan loss reserve analysis and works with Credit Administration to recommend loan loss reserve provisions to President.
• Assist and advise staff on loan documentation, loan compliance, and customer service, seeking outside legal counsel when necessary.
• Collaborate with the company credit review team to assure compliance with credit risk management.
• Provide direction, as needed, with workout loans and foreclosures.
• Serve as bank’s liaison with bank examiners on credit and loan loss reserve issues.
• Hire, develop, motivate, and train staff, including planning and delegating work assignments and projects.
• Evaluate performance, administer touch points and deliver performance evaluations.
• Foster a positive work environment that encourages professional growth and development.

• Establish clear expectations and hold team members accountable to performance and behaviors aligned with our culture.
• Understand and administer compensation based on pay for performance philosophy, including merit increases and variable pay.
• Participate in community engagement events. This can include professional, civic and community groups.
• Comply with all company or regulatory policies, procedures and requirements applicable to this position.
• Foster and preserve a culture of inclusion,…