Credit Officer

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Full-Time Headquarters, Los Angeles, CA, US

2 days ago Requisition

Salary Range: $68,900.00 To $ Annually

The Credit Officer is responsible for assisting Commercial, C&I, SBA, Real Estate Lending, Consumer and Commercial Equipment Leasing with credit underwriting and analysis of loan requests and preparation of written loan submissions. Conducts credit analyses including gathering, analyzing and interpreting all types of credit information on existing and prospective customers and portfolios. Make recommendations and/or decisions regarding the extension of credit.

Investigates and analyzes credit. Monitors customer accounts and loan portfolios in order to maximize credit quality and minimize risk and potential loss. Prepares and presents credit files to committees for use in the making of lending decisions on new, renewal and extension loans. Maintains control over the credit standings of accounts and furnishes information relative to credit inquiries, as appropriate.

Ensures compliance with established Bank policies and procedures. Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: GLBA (Gramm-Leach-Bliley Act), Regulation Z (Truth in Lending Act), Regulation DD (Truth in Savings Act) Regulation B (Equal Credit Opportunity Act), Dodd–Frank Wall Street Reform and Consumer Protection Act (Dodd Frank Act), Elder Abuse Laws, Bank Secrecy Act in conjunction with the USA PATRIOT Act, Anti-Money Laundering and Customer Information Program, Right to Financial Privacy Act (state and federal) and Community Reinvestment Act.

• 1.Assists with credit presentations to include financial statement spreads, covenant testing, collateral analysis, obligor/facility ratings, cash flow analysis, relationship exposure, and underwriting.
• 2.Actively evaluates property, sponsorship, global cash flow (using Company approved software) /contingent liability of the loan/guarantor on a deal by deal basis.
• 3.Conducts site visits, meetings, and interviews with borrowers.
• 4.Prepares file approval memorandums summarizing results and validates Credit Risk Ratings in compliance with the Company’s policy and procedures.
• 6.Provides direct support to Senior Credit Officers/Credit Manager to develop and analyze all relevant credit information in conjunction with account officers pertaining to more complex commercial and business loans.
• 7.Makes recommendations for approval or non-approval.
• 8.Works with processing/funding to ensure accurate flow of information in documents to provide efficient closing of loan funding.
• 9.Attends, prepares and presents new and additional credit proposals in loan committee meetings.
• 11.Requests re-documentation of loans that have undergone name, organizational or address changes.
• 12.Assists in preparation of loan approval document such as account numbers, balances and entities.
• 13.Provides customer service including meeting and greeting customers in person and on the phone.
• 14.Proficiency in analyzing business and individual tax returns/financial statements to identify recurring and non-recurring sources of cash flow (identification of cash versus non cash income on K-1 statements, schedule E, etc.)
• 15.Preparation of basic and/or preliminary analysis on the Company and its Guarantors. Analyses shall identify the purpose of the loan, sources of repayment, appropriateness of proposed structure, risks and mitigants (financial, business and or industry) associated with…