Job Description

JOB TITLE: CHIEF CREDIT OFFICER

Reports to:   President & Chief Executive Officer

SUMMARY: Provide support, direction and supervision to the Credit Analyst function, Collections, Problem Loan Area, Construction Loan Monitoring and Appraisal Review to help ensure the quality of credit facilities presented to the Board. Insure prudent and required reporting is provided to Senior Management and/or the Board of Directors. (ALLL, Concentrations, CRE, Exceptions, etc.…)

ESSENTIAL DUTIES AND RESPONSIBILITIES

Review and approve/modify/decline large and complex loans prior to submission to Loan Committee. This also means working with lenders to insure loan are properly underwritten, structured and priced properly.

Ensure a quality process is in place to prudently underwrite and grade loans. This means insuring the loan policy addresses appropriate topics and is updated at least annually.

Manage Appraisal Review Officer and ensure a high-quality valuation process is in place.

Serve on various committees – Loan Committee, Risk Management, CRA, ALCO, EDP Management

Overseeing the quarterly analysis of the Allowance for Loan and Lease Loss Reserve (ALLL)/ CECL and making recommendations to Executive Management and the Board of Directors for allocations to the Loan Loss Reserve.

Responsible for overseeing the preparation of Managed Asset Plans on problems loans and being in-charge of the Managed Asset Committee to ensure workout plans are being implemented.

Overseeing the construction monitoring process to ensure that draws are handled properly and problems with a project is recognized early.

Supervise the following departments: Credit Analysis, Appraisal Review, Construction Monitoring and Recovery Management (Collections).

Working with Chief Executive Officer and Senior Loan Officer in the development and enforcement of all Bank policies and procedures.

Ensure the overall soundness of loan portfolio, identifying areas of risk and developing long term strategies that deal with portfolio mix, problem loans, concentrations, growth goals and loan pricing.

Other duties may be assigned.

QUALIFICATION REQUIREMENTS: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

EDUCATION and/or EXPERIENCE:

Bachelor’s degree (B. A.) from four-year college or university; or one to two years related experience and/or training; or equivalent combination of education and experience.

LANGUAGE SKILLS:

Ability to read, analyze, and interpret financial reports and legal documents. Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community. Ability to effectively present information to top management and/or the Boards of Directors.

MATHEMATICAL AND FINANCIAL ANALYSIS SKILLS:

Ability to apply mathematical operations to such tasks as frequency distribution, determination of test reliability and validity, analysis of variance, correlation techniques, sampling theory, and factor analysis. The ability to read and understand financial statements and accounting information in order to assess risk.

SUPERVISION AND TEAM BUILDING

Ability to work with employees to provide clear duties and responsibilities and to also hold employees accountable. Expectations are to mentor and train employees for new or different tasks.

OTHER SKILLS and ABILITIES:

Excellent communication and computer skills.

Loan Review Analyst

 Job Description:

The Loan Review Analyst plays an important role in ensuring that the bank properly identifies, quantifies, and responds to the risks that arise within the bank’s loan portfolio as economic conditions and other factors affecting the bank’s customers change. This position is primarily responsible for analyzing financial data, records, documents, and other sources  of information to aid  in the performance of comprehensive annual loan reviews of complex commercial lending relationships and reviews of individual commercial loans, and recommending the appropriate grade / risk rating for each loan. Additional responsibilities include assisting in the identification of Troubled Debt Restructurings, and calculation of loan impairments. This position reports to the SVP, Commercial Credit Officer.

Primary Duties and Responsibilities:

• Analyze financial statements, tax returns and other information, to determine the financial condition, repayment capacity, and future prospects of borrowers and
• Review loan  and  collateral  documentation  to  verify  the  current  status  and  to  identify  any
• Evaluate borrowers’ loan performance and compliance with loan
• Assess collateral position and
• Conduct research and verify information from both internal and external
• Write reports and substantiate
• Monitor financial information on an on-going basis to identify trends and assess the impact of changes as they
• Interact with customers to obtain financial statements, tax returns, and other information as
• Other duties and responsibilities as

Required Skills / Qualifications:

• One or  more  years  of  experience  in  commercial  loan  review,  commercial  credit  analysis, commercial lending, or the
• Comprehensive understanding of financial statements, income tax returns, accounting principles, credit reports, loan documentation, title matters, lien perfection, and collateral
• Proficient computer, research, analytical, and communication
• Knowledge of applicable laws, rules, regulations, and
• Responsive, attentive to details, and thorough, with a strong commitment to
• Curious mind. Inquisitive.
• Strong organizational, planning, and time management skills with a demonstrated ability to manage competing priorities, follow through on commitments, and meet Adaptable.
• Good interpersonal skills, team player, readily willing to help associates, committed to forging positive and trusting working relationships with coworkers, customers, professional service providers, vendors, and others at all levels of their respective
• Professional

Desired Skills / Qualifications:

• A Bachelor’s degree in finance, accounting, other business discipline, or the

Physical Requirements and Working Conditions:

Sitting or standing for long periods of time, walking, finger dexterity, repetitive motions, talking, hearing and visual acuity. Professional office environment. Occasional lifting.

U

SUMMARY

The SBA Regional Loan Officer/UW is responsible for analyzing/evaluating SBA and small business loan application files to ensure credit worthiness of each assigned loan transaction. Additionally, this individual will assist in the preparation of Preliminary Analysis as needed. The SBA Regional Loan Officer will ensure that all areas of responsibility are performed in accordance with established Bank and SBA policies and procedures, meet with Bank clients as appropriate, and occasionally make visits with other Bank personnel to determine eligibility and assist other Bank officers in their local business calls.

ESSENTIAL DUTIES

1. Upholds, at all times, the Bank’s Core Values of: Integrity, Respect, Positive Attitude, Empowerment, Accountability, and Excellence.
2. Analyze SBA and small business loan files for credit worthiness based on the bank and SBA policies and guidelines; Prepare Credit Memorandum(s) on all new prequalified loan applications relative to financial strengths and weaknesses of applicants and guarantors, risk assessments, collateral assessment, and loan structure with an opinion as to credit worthiness.
3. Review and evaluation of borrower and guarantor financial Information including Balance Sheet and Income & Expense Statements, credit reports, D&B reports, OFAC, bank statements, tax returns and any other borrower information in order to make appropriate credit decision; Review and evaluation of borrower and guarantor financial information to ensure that business and guarantor generate sufficient cash flow in order to debt service and meet minimum DSCR requirements. Compare historical performance/trends and provide footnotes as needed.
4. Gather information on actual and prospective borrowers through inquiries and investigations with trade suppliers, financial institutions, professional firms or individuals in-house relative to loan amount, activity, profitability, and affiliate relationships; May obtain information through Business Development Officer or directly from applicant through inspection of applicant’s business/collateral, review of financial reports, personal interview, or other means.
5. Establishes and negotiates where necessary, loan structure, terms, and collateral conditions based on SBA and bank policies and guidelines, in relation to applicant and BDO request; Analyses industry data, competitive factors, historical performance, projected results, risk and mitigating factors.
6. Responsible for all loan amendments, ensuring that all loan conditions have been met, and other items as it may pertain to the credit, including review of appraisal and environmental reports; Provide a risk-rating grade level to loans underwritten and evaluated.
7. Keep immediate supervisor informed of any issues/concerns relating to assigned loan transaction(s).  Additionally during Loan Origination pipeline meetings provide a status of all assigned loan transaction (s).
8. Prepares Preliminary Analysis: structuring loan requests on a preliminary level (initial stages of a loan application request); Submit Preliminary Analysis to supervisor or CCO and further to loan committee as instructed by immediate supervisor.
9. Provides various analyses and conducts underwriting tests to aid lending officers in the early stages of their consideration of loan requests.
10. Appropriate credit decisions prepared by SBA Regional Loan Officer shall be communicated effectively (written and verbal) to immediate manager(s) and loan committee.
11. Maintain appropriate business relationship (externally and internally). External relationship includes brokers, members (borrowers), legal counsel, and third party vendors. Internal relationship would include employees within commercial lending department and other departments within the organization.
12. Any conditions set forth in credit memorandum (Prior to Funding) shall be monitored, reviewed and cleared by SBA Regional Loan Officer. If documents are provided by Borrower to satisfy conditions, the information shall be reviewed and accepted by SBA Regional Loan Officer prior to loan funding.
13. Performs an ongoing evaluation of the loan files submitted by processing staff and offers suggestions to the supervisor and credit regarding the quality of the work and possible ways to improve it; Coordinates with outside vendors as appropriate regarding the completion of title, environmental and appraisal reports to ensure timely loan closure.
14. Maintain and/or update Loan Origination Pipeline to provide current status on loan transactions being underwritten by assigned loan SBA Regional Loan Officer (as needed); Maintains/updates to the bank’s loan system as needed to reflect accurate Borrower and/or Loan information; Recommend and develop analytical tools and procedures to enable streamlined loan approvals as needed or instructed by immediate supervisor.
15. Other duties as assigned.

SUPERVISORY RESPONSIBILITY

The position of SBA Regional Loan Officer is not responsible for the supervision of any employee(s).

MENTAL DEMANDS

This position requires the ability to accommodate reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks, and constant interruptions.

MINIMUM REQUIREMENTS

• Bachelor’s degree (BA) or equivalent from an acceptable 4 year college or university; or at least 5 years of banking experience and/or training; or the equivalent combination of education and experience.  Work related experience should consist of a financial analyzing or credit review background.  Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.
• Basic knowledge of title policies and related loan regulations such as RESPA, HMDA and other Bank lending policies on loans to directors.
• Basic knowledge of branch operation procedures, Bank products and services and have the ability to read, analyze and interpret general business periodicals, professional journals, and technical procedures.
• Excellent organizational and time management skills with basic skills in computer terminal and personal computer operation; host computer system; word processing, spreadsheet and specialty software programs with intermediate typing skills to meet production needs of the position.
• Intermediate math skills; ability to calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent, including the drafting and interpretation of bar graphs.
• Exceptional verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence and procedures, speak clearly to customers and employees.
• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations and work with minimal supervision while performing duties.
• Must be able to sit for long periods of time, operate a computer, and telephone.
• This position requires writing, typing, speaking, listening, lifting (up to 50 pounds), driving, carrying, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, pulling, walking, standing, squatting, kneeling and reaching.
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 JOB SUMMARY

 Among other duties, the Chief Risk Officer develops and implements an enterprise-wide risk management program, encompassing Loan Review, Internal Audit, Loss Prevention, Fraud, Operational Risk, Regulatory Compliance, Information Security, Business Continuity, Disaster Recovery, CRA, SOX and BSA/AML/OFAC.

ESSENTIAL DUTIES

 The duties listed below may not include all responsibilities that the person in this role may be asked to perform. Incumbent may be required to perform other related duties, as assigned, including cross training across other departments, as necessary.

.Develops and implements an enterprise-wide risk management program, encompassing Loan Review, Internal Audit, Loss Prevention, Fraud, Operational Risk, Regulatory Compliance, Information Security, Business Continuity, Disaster Recovery, CRA, SOX and BSA/AML/OFAC

• Consults with the Board of Directors and Executive Management in establishing a COSO-based risk management program consisting of effective controls, risk mitigation, compliance policies, processes and methods necessary to assess business unit risk profiles and the Bank’s overall risk profile
• Measures and monitors risk through development and implementation of specific in-house risk adjusted performance measurement systems such as Probabilities of Default, Loss Given Default, Exposure at Default and other Basel guidance, as required
• Provides independent and objective risk assessment reports and recommendations to the Board of Directors and Executive Management regarding operating and financial performance
• Manages the hiring, daily activities, coaching, evaluating and counseling of reporting staff
• Participates in job specific training and other various Bank training programs, as necessary
• Maintains current knowledge of internal risk controls and loss prevention, including reporting of suspicious or unusual customer activity per Bank policy, and ensures adherence by the respective department personnel
• Maintains current knowledge and complies with all federal and state laws and regulations and all established Bank policies and procedures, including internal audit controls related to department operations, and ensures adherence by the respective department personnel
• Maintains current knowledge of all rules, regulations, and laws as they apply to BSA/OFAC/USA Patriot Act/CIP/AML, and ensures adherence by the respective department personnel
• QUALIFICATIONS

 These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.

 A self-starting team player with a Bachelor’s degree from an accredited college or university in business, finance or economics and ten years of relevant risk management experience in the banking and finance sectors, including working experience in lending, managing interest rate risk, liquidity, credit, regulatory and operational risk and general financial management

• PC literacy and knowledge of spreadsheet and word processing software
• Flexibility, professionalism and ability to work in a highly stressful environment to perform a variety of tasks with numerous interruptions
• Attention to detail and a high degree of mental concentration, as well as the ability to multitask
• Good organizational, interpersonal and communications skills
• Bilingual in English and Spanish is desired
• ORGANIZATION

 This position reports to the Chief Executive Officer

• This position oversees the Bank’s Risk Management division
• TRAINING REQUIREMENTS

All employees are required to attend scheduled mandatory trainings and complete online regulatory compliance training courses applicable to their specific job function. In all situations, employees must ensure that their actions fully comply with all federal banking laws and regulations, including internal bank policies and procedures.

COMMUNITY INVOLVEMENT

 The Bank’s Mission Statement includes a commitment to helping our communities grow by serving them with pride and integrity. All employees are encouraged to volunteer for bank sponsored activities, civic, charitable and community events and to be active in the communities we serve.