Assistant Manager - Commercial Credit Administration

Overview

If you love connecting with people and are ready to grow your career in a company that invests in your success, we’d love to meet you. Come be part of something amazing where your contributions truly matter. Where a hybrid schedule offers the perfect balance of in-person collaboration and remote flexibility, supporting a great work-life harmony.

The Assistant Manager - Business Credit Administration assists the Manager - Business Credit Administration by ensuring the monitoring, maintenance, analysis, and servicing of the CRE and Business loan portfolio, encompassing all loan types from conventional to SBA.

Responsibilities

• Assists in managing financial analysis and annual reviews of assigned existing loan relationships and participation loans; ensures that the loans are graded properly according to the Credit Union’s loan grading policy.
• Reviews collateral property inspections performed by 3rd party vendor(s) and follows up with borrower to remedy identified deferred maintenance.
• Monitors the borrower’s ability to repay the loans as structured through periodic check-ins and information collection; ensures post-closing compliance with loan documents.
• Assists in monitoring the performance of borrowers and guarantors, evaluating and monitoring covenant compliance and financial and industry trends, and identifying problem credits.
• Assists with providing information on a timely basis to participants for loans that have been participated to other institutions as needed.
• Reviews borrower requests, including, but not limited to, assumption, partial release, collateral exchange, modification, waiver, etc. in accordance with Logix established policies and procedures and applicable loan documents; provides recommendation for Senior Management approval.
• Assists in the preparation of loan portfolio reports such as PCRM (Problem Credit Report Memorandum) for audit and management; ensures the audit-soundness of loan portfolio is maintained.
• Monitors critical asset levels through action plan implementation activities and managing loan delinquencies and maturing loans.
• Assists the Manager - Business Credit Administration with developing and implementing Loan Workout/Resolution plans, as approved under appropriate authority.
• With the guidance of management, coordinates with legal counsel or outside collection agencies as needed to minimize LFCU liability.
• Assists in the annual review, updating and development of commercial lending policy and procedures and adheres to current regulatory standards.
• Point of contact for various 3rd party systems and platforms utilized for loan monitoring and servicing.
• Assists in assembling information and reports pursuant to regulatory exams and outside audits.
• Responds to escalated customer inquiries regarding servicing and payment issues.
• Responsible for ensuring loan file maintenance.
• Prepare Commercial portfolio reports (monthly, quarterly, semi-annual and annual) to be presented to various reporting committee with assistance from Manager
• Ensures that the Annual Shock test is performed on the loan portfolio.
• Co-planners on the annual performance review.
• Assist in providing objective and sound judgment on employee matters, i.e. coaching, counseling, employee development, etc.
• Assist as another level of engagement with employees to foster continuous positive feedback and connect new hires with our CATFISH values.
• Responsible for being the team leader for the department.

Qualifications

Education

• Minimum 4 Year / Bachelors Degree in business administration or related discipline.

Experience

• A minimum of 5 years’ experience in commercial lending.

Knowledge, Skills & Ability

• Strong analytical skills (property operations, borrower/guarantor financials and market performance), with experience modeling historical and projected financial analyses in Excel.
• Excellent knowledge of commercial credit policies and procedures.
• Excellent credit analysis and accounting skills.
• Good organizational skills.
• Ability to assume responsibility and accountability for credit recommendations and decisions.
• Ability to work well independently and in teams and interact effectively with all levels of Credit Union personnel and outside contacts.
• Have current knowledge of Commercial Lending and SBA regulations and SBA servicing requirements.
• Know proper documentation for CRE and SBA loans and have the ability to review loan documents for compliance with Rules and Regulations.
• Must have excellent written and verbal communication skills, with the ability to communicate effectively to all levels of internal and external personnel.
• Must be able to negotiate effectively and use diplomacy and tact as required. Excellent interpersonal skills required when interacting with customers. Knowledge of foreclosure process preferred.
• Must have strong Microsoft Office skills, including Outlook, Excel, Word, PowerPoint, etc.

 

Disclaimer

Equal Opportunity Employer/Veterans/Disabled

Pay Range

USD $100,844.71 - USD $156,309.29 /Yr.

Base Pay

Compensation: 100844.71 to 156309.29 (USD)