Credit Manager

Position Summary:

The Credit Manager is responsible for overseeing the operation of the Credit Department, which supports the Bank's underwriting function for new and existing loans, and facilitates portfolio management requirements, under the guidelines of Bank's Credit Policy. This includes regular communication with Relationship Managers to effectively direct and coordinate commercial credit workflow requests comprising primarily of financial spreading or loan underwriting, as well as financial statement tracking and collection, along with covenant calculation and compliance. Ongoing credit training and professional development of Credit Analysts is an integral part of the Department's function and the responsibility of the Credit Manager.

Duties & Responsibilities:

• Coordinate and assign underwriting requests for new loan opportunities, annual reviews, renewals, and modifications for commercial and industrial businesses and commercial real estate entities. These requests will be completed by Credit Analysts and, when appropriate, the Credit Manager. Manage, track, and report on the Department Workflow Report, with monthly submission to management.
• Oversee approval process for Business Express applications to comply with BusinessExpress Policies and Procedures. This entails review of loan package and completed application, and consideration of the loan request, along with communication to RM's and Loan Administration of the score result. Daily tracking and maintenance of this workflow is required along with monthly report submission to management.
• Supervise Credit Analysts and workflow. The Credit Manager will work regularly with Credit Analysts to confirm that underwriting assignments are clearly understood, including discussion of the transaction, identification of credit risks, and determination of the appropriate underwriting approach based on the complexity of the request. Credit Manager will review Credit Analysts' work to ensure quality and have follow-up discussions, if necessary, to address any issues. Weekly group status meetings will be held to monitor production and discuss loan activity, including highlights of standard and more complex loan structures.
• Ongoing training and development of Credit Analysts to reinforce fundamentals of credit analysis for both commercial and industrial and investment real estate entities. Credit Manager will create a list of credit and/or lending topics, from which one topic will be presented and discussed with the Department on a monthly meeting basis. Discuss Analysts' professional progress through monthly one-on-one meetings including review of Analyst Underwriting Evaluation form (to be immediately implemented).
• Form a strategy to reduce past due Annual Reviews. Verify status of financial information in credit files, informing Relationship Managers and planning next steps to process the review. Provide monthly status to Credit Officer. With the ultimate goal to bring Annual Reviews current and manage proactively, going forward.
• Monthly tracking and maintenance of Borrower Financial Statement Tickler Report and Financial Covenant Tracking Report, along with calculation and compliance. Follow-up with Relationship Managers to obtain required information, and prepare and process the Financial Statement Cover Memo.
• Attain proficiency in Global Wave spreading system (including financial spreading, global cash flows and rent roll modules, among others as needed) and fluency in Bank's Credit Policy, particularly with legal lending limit thresholds, general authority approval levels, and underwriting guidelines among other policies.
• Assist Chief Credit Officer with coordination of loan portfolio reviews, audits and regulatory reviews throughout the year.
• Attend customer calls / meetings when appropriate, among other duties when needed.
• Good verbal and written communication skills and adequate familiarity with MS Word and Excel.

Requirements:

• Has been credit-trained and has at least 7 years' credit or lending experience.

• Strong organizational, management, communication, and analytical skills.

• Bachelor's degree or equivalent work experience.