Credit Officer

At Servis First, Our Name is Our Mission.

DUTIES AND RESPONSIBILITIES

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 compliance
• Determine the strength and/or weakness of the client's credit to determine the terms of the loan
• Monitor lending portfolio for upcoming or past due maturities and take action to collect and avoid/minimize loss
• Generate routine and ad hoc reports; provide documentation as needed for compliance reviews and audits
• Provide 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 loans
• Proactively work to help mitigate the bank's risks on ABL lines of credit by building out and implement a frame work 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 Servis First is looking to provide ABL lines of credit to
• Work 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 credit
• Build out and implement a frame work for internal loan review capabilities
• Provide detailed feedback (documented report) on loans that are reviewed which will typically in the $1MM to $5MM range
• Documentation 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 notations
• Responsible for being familiar with all compliance regulations and policies that are applicable to this position and follow and ensure compliance with these regulations and policies

Note:

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 assigned

MINIMUM QUALIFICATIONS

• Bachelor's degree in Finance, Accounting or a related field
• Minimum five (5) years' experience in financial analysis, banking or a related field
• Excellent understanding of fundamentals of finance/credit administration, critical ratios and forecasting, and local market, as demonstrated through previous experience
• Excellent written and verbal communication skills
• Experience using Microsoft Outlook, Word and Excel
• Experience in a position requiring attention to detail and data analysis
• Excellent organizational skills and ability to multi-task
• Ability to work independently with little supervision
• Working knowledge of collateral instruments (i.e. letter of credit, UCC filings, and personal/corporate guarantees)
• RMA, nCino, and/or Moody training is a plus

PHYSICAL REQUIREMENTS AND ENVIRONMENTAL CONDITIONS

The physical requirements and environmental conditions of this position consist primarily of:

• Sustained standing and sitting
• Frequent use of PC, including typing or sustained attention to monitor
• Occasional lifting of basic office files or equipment up to 20 lbs
• Normal office environment with comfortable internal temperatures and low level noise

EOE/AA