Chief Credit Officer

The Chief Credit Officer is responsible for providing support, direction, credit information, loan policies and procedures to ensure the overall quality of the Bank’s lending practices and portfolio soundness. Additional duties include calculating for loan/portfolio impairment and providing information necessary for further calculation of the allowance for loan loss reserve (CECL) and providing recommendations to executive management and the Board of Directors for monthly allocations to the loan loss reserve.

Performs direct supervisory duties of department staff. Assumes responsibility and is accountable for adherence to Bank policies and procedures as well as, all applicable state and federal banking regulations. Serves as a member of designated internal committees such as the Bank Loan Committee, Management Loan Committee and the ALCO and Senior Management Committee. Has direct supervisory responsibilities over Loan Review and Credit Underwriting staff.

Manages all functions related to the loan approval process, loan documentation, to include collateral related functions, and the booking of the loans. Position is responsible for both the consumer and commercial credit process and portfolio. Provides supervision and support to all assigned areas of department operations where service or assistance is needed.

Reinforces the application of superior customer service through his or her own example along with appropriate follow through with involved customers and employees.

Responds to inquiries or refers inquiries to the appropriate department or person; exhibits the necessary follow through with customers and/or staff involved.

Prepares the calculations for impairment of problem credits in order to provide recommendations for possible loss used to calculate CECL (loan loss reserves) and makes recommendations to executive management and the Board of Directors for the amount to be added/deducted to/from the loan reserve; loan losses and trends; and loan product concentrations.

Reviews large and complex loans prior to their submission to Loan Committee; reviews consist of making recommendations on loan structure, terms, and pricing so as not to expose the Bank to undue credit risk. May make recommendations regarding structuring and terms but the pricing is usually handled by the CLO.

Prepares and distributes credit information covering loan quality trends, growth trends, loan product concentrations; works closely with other credit managers in reviewing such topics as local real estate data and assessing the impact on the Bank’s loan portfolio.

Prepares and discusses loan information submitted to the BLC for approval; loan information is defined as the calculation of the CECL, graded loan reports, and other loan quality information and trends.

Prepares, reviews, and modifies when necessary, lending policies and procedures which enable the Bank to perform in a business manner, but not expose it to undue risk.

Attempts to ensure that individual loans are risk rated correctly when reviewing loans for loan committee submission.

Utilizes good decision-making techniques pertaining to inquiries, approvals, requests as they apply to existing policies and procedures, keeping them within assigned approval limits and using these instances as learning tools for employee development.

Monitors staff in daily tasks, operations and quality control; ensures the organization of assigned areas of the department, coordinating available resources (e.g., staff, materials, etc.) for maximum results.

Consistently applies superior decision-making techniques pertaining to inquiries, approvals and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development.

Processes, solves and answers complex customer transactions, problems or inquiries.

Assumes responsibility for special projects; gathers data and prepares reports for the Board of Directors and other members of Senior Management, audits and other personnel.

Be responsible for coordinating for the examination all “credit related”…