Business Credit Officer

Business Credit Officer

Summary:

Under the general supervision of the vice president of business banking, the Business Credit Officer is responsible for managing the Business Credit function and will assume direct leadership of the underwriting team as volume and complexity increase. This role is responsible for monitoring and assessing the credit risks of the credit union's commercial loan portfolio and high-dollar loans. This involves conducting detailed financial statement analyses, industry assessments, collateral valuations, cash flow analyses, and evaluating the ability to repay annual debt service. The role requires strong analytical skills, attention to detail, and the capacity to make informed credit decisions within established policies and regulatory guidelines. Additionally, the position involves promoting a positive image of the credit union in the community through participation in organizations and events.

Essential Duties and Responsibilities:

• Lead and develop a team of underwriters as the department grows and expands
• Manage commercial loan files to ensure compliance with regulatory guidelines and credit union policies.
• Determine the credit risk profiles based on financial analysis and market conditions.
• Analyze financial spreads to identify potential risks associated with credit applications.
• Prepare comprehensive loan presentations, ensuring all deal aspects are accurately represented and ready for approval.
• Analyze financial statements and prepare models to assess various scenarios impacting proposed transactions.
• Ensure that financial covenants, reporting requirements, and loan documentation are add to throughout the loan process.
• Assess all relevant credit and financial information, including financial statements, tax returns, due diligence reports, credit reports, appraisals, and industry research.
• Work with the VP of Business Banking to manage deal flow and monitor the quality of the credit portfolio.
• Implement internal and external audit points, addressing any issues raised by regulators.
• Analyze financial statements and prepare models to assess various scenarios impacting proposed transactions.
• Complete thorough credit analyses for commercial transactions, including risk ratings and rationales, with a focus on identifying risks to the credit union.
• Participate in structuring loan requests, suggesting terms, conditions, controls, collateral, and guarantors as necessary.
• Stay updated on accounting standards and financial analysis best practices.
• Engage in departmental projects and complete related tasks as assigned.
• Serve as a point of contact for business members, addressing questions or concerns during credit evaluations.
• Compile and maintain economic data relevant to national, regional, and industry-specific trends.
• Assess property appraisals and related documentation.
• Manage commercial loan files to ensure compliance with regulatory guidelines and internal policies.
• Accompany loan officers on client calls to gather information for analyses.
• Conduct credit inquiries and update information regarding commercial borrowers.
• Maintain organized and accessible Business Lending Credit files.
• Provide support to loan officers and assist with member service needs as required.

Other:

Perform other duties as assigned.

Additional:

Responsible for completion of applicable training and compliance on federal regulations and APGFCU policies and procedures as related to the duties of this position (Bank Secrecy Act, Information Security as examples, if applicable).

Qualifications:

Education:

A degree in finance, accounting, business administration, or a related field preferred; MBA or equivalent work experience preferred. Extensive related experience and certifications can be credited in lieu of education.

Experience:

Minimum of ten years of commercial lending experience as a financial analyst with commercial credit underwriting with in-depth knowledge of financial regulations pertaining to commercial credit transactions required. Experience analyzing financial statements and credit reports; proficient in preparing financial projections and conducting thorough risk assessments required. Minimum of 3 years of experience leading and developing a high-performing team.

Knowledge, Skills, and Abilities:

Extensive experience in reviewing and understanding financial statements as a tool in making credit decisions. Self-motivated; detail-oriented, with strong organizational skills, decisive, with a "get it done" mentality. Proficient computer literacy in Microsoft Suite, with concentration in Word and Excel. Must possess high level of interpersonal skills, excellent communication, sales, relationship management and public relations skills. Experience in advising loan applicants and assessing loan applications. A high degree of confidentiality is required for this position. Must have functional knowledge and comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control. Must maintain a positive and productive work atmosp through communicating in a manner that promotes positive working relationships with leaders, members, employees, board members and external vendors.

Physical Demands:

The physical demands described are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to stand; walk; use hands to handle or feel objects, tools, or controls; and talk or hear. The employee frequently is required to reach with hands and arms. The employee is frequently required to type, sit, stoop, kneel, or crouch. The employee must frequently lift and/or move up to 25 pounds, and be capable of transporting related supplies and equipment. Specific vision abilities by this job include vision, distance vision, color vision, peripheral vision, depth perception and the ability to focus. APGFCU is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability to Protected Veteran status. Please use the attached link to view the EEO law poster http://www1.eeoc.gov/employers/poster.cfm APGFCU is committed to working with and providing reasonable accommodations to persons of all abilities, including persons with disabilities. If you need a reasonable accommodation for any part of the employment process, please send to the Human Resources Department and let us know the nature of your request and your contact information. Reasonable accommodations are considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodations will be responded to from this e-mail address.

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