Credit Officer

Credit Officer

The Credit Officer is responsible for underwriting high-dollar, complex credit opportunities and provides independent recommendations of the loan structure and ongoing monitoring of these relationships. The Credit Officer is knowledgeable in the bank's policies and procedures to ensure that loans are adhering to guidelines. Other responsibilities include coaching and guidance to other credit personnel.

• Reads, reviews, and understands various financial statements to include but not limited to tax returns, balance sheet, profit and loss statements, aging’s, borrowing base certificates, debt schedules, equipment lists, business credit reports, credit bureau reports, rent rolls, lease agreements, fall cash flow, personal financial statement, environmental reports, and appraisals.
• Prepares financial spreads for various types of commercial and real estate businesses and individuals establishing a direct obligation as a borrower or guarantor.
• Prepares credit memos for new or renewing loan requests that will be presented for loan decision. Has a thorough understanding and is able to accurately communicate the following aspects of the credit memos:
• Financial statement analysis including trend, ratios, margins, sensitivity, and pro forma. Cash flow analysis including traditional and UCA. Collateral analysis including BBC review, real estate appraisals, equipment appraisals, contracts, and purchase agreements. Guarantor analysis including cash flow, personal financial statement, and credit report. Risk rating
• Analyzes findings through underwriting due diligence and narrates information in a comprehensive analysis using a variety of data analysis (charts, formulas, graphs, etc.).
• Analyzes the credit worthiness of a commercial applicant and guarantors through the review of financial statements and identifies key risks of the relationship.
• Evaluates the credit quality and suggests proper risk rating based on analysis in the Credit Memo. Ensures relationships are appropriately risk rated during the underwriting process and recommends risk rating changes to the Banker in a timely manner.
• Complete independent analysis of the most complex borrowers and new loan requests with limited guidance from direct manager.
• Provides prompt turnaround on customer and credit requests, while communicating the status of loans in process with the Banker and/or direct manager.
• Reviews and articulates findings within third party collateral reports to the Banker and/or direct manager.
• Uses knowledge of the Loan Policy to detect deviations, exceptions, and variances on loan proposals. Ensures that all credit requests are properly approved or exceptions documented based on Loan Policy standards.
• Assists the banker in completion of quarterly Problem Loan Reports on the bank's risk rated customer.
• Completes annual reviews, risk rating changes, and other file comments to preserve the credit integrity of the loan portfolio.
• Completes ongoing analysis of the large and/or complex credits of the Bank including assessment of financial statements, covenant calculations, and compliance with loan agreements.
• Provides ongoing monitoring of borrowers' financial indicator covenants for compliance with loan documents.
• Makes recommendations for loan structure and appropriate covenants.
• Meets with and interview customers to develop a thorough understanding of the loan request and the business relationship.
• Make recommendations to credit committees regarding credit approval or disapproval.
• Provide knowledgeable, well-articulated responses to questions received in credit committee meetings.
• Actively involved in credit team meetings.
• Assist Credit Supervisors in the development and training of credit analysts.
• Responsible for sharing your knowledge and mentoring other credit analysts.
• Serve as a resource to the bank's Credit Analysts, offering advice on all aspects of the credit risk analysis process.
• Encourage collaboration between analysts, lending staff, and locations.
• Complies with responsibilities as they relate to the Bank Secrecy Act (BSA), Anti-Money Laundering Act (AML), Patriot Act, and Office of Foreign Assets Control Regulations…