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.
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.