Consumer Credit Officer

Description

Who We Are

Seattle Bank is a locally owned, digitally driven financial institution that provides personal, business and partner banking services. Our experienced team and open API, cloud-based core technology platform, deliver a boutique bank experience for clients with interwoven personal and business financial needs. Our highly configurable and scalable tech stack also supports partner banking that enables companies to embed banking transactions into their customer online experience. Seattle Bank is a wholly owned subsidiary of Seattle Bancshares, Inc., a privately held bank holding company, and the creator of CD Valet, a digital marketplace for Certificates of Deposit.   

Position Summary

The Consumer Credit Officer is responsible for assisting the Chief Credit Officer in ensuring the overall quality and performance of the Bank’s Partnership Banking consumer loan portfolio by providing review and approval, within delegated lending authority, or denial of the Bank’s consumer credit applications and-related activities, including loan underwriting and portfolio reviews. Assures compliance with all consumer loan policies and procedures, as well as all applicable state and federal banking regulations. Lending approval authority may be granted commensurate with experience and ability. 

Essential Duties

• Review and analyze new loan applications, within delegated lending authority, not decisioned by the system for approval or denial.
• Review and provide analysis and recommendation to Chief Credit Officer on complex consumer lending applications and those applications that fall outside of delegated lending authority.
• Work closely with the Loan Ops Processor group to provide guidance in the analysis and pre-underwriting of partnership Banking loan applications. 
• Coordinate the preparation and responses for all internal and external loan reviews, audits and regulatory exams. 
• Recommend changes to consumer lending policies and procedures as necessary. 
• Assist with Partnership Banking team projects, including system implementations and related integration into existing systems and processes. 
• Complete post charge off collection strategy analyses to determine and recommend the best course of action to take to maximize recovery to the bank.
• Participate in various internal committees, special projects and other duties as assigned. 

Requirements

• Bachelor’s degree or equivalent from an accredited four-year college or university; 3-4 years related experience and/or training; or the equivalent combination of education and experience. Work related experience should consist of prior consumer credit underwriting and an understanding of tax return analysis. 
• Experience, knowledge and training in consumer lending activities and terminology. 
• Knowledge of related state and federal lending and compliance regulations. 
• Excellent organizational and time management skills.  
• Skills in personal computer operation, word processing and spreadsheet software programs. 
• Exceptional verbal and written and communication skills. 
• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations. 

Seattle Bank Benefits

We’re committed to delivering our promise of peace of mind to our clients. But we’re also committed to our team members. We have intentionally designed a culture and work space that are highly collaborative, inclusive and supportive. We believe in the value of each team member and offer a full range of benefits and perks designed to support both your personal and professional goals. Our comprehensive benefits program for eligible employees includes:  

• Medical, Dental and Vision insurance  
• Employee Assistance Program (EAP), Life Insurance, Long Term Disability, Voluntary Life  
• 401K with Bank contribution  
• Paid Vacation – 3 Weeks 
• Paid Sick Time – 1 hour per 40 hours worked 
• Paid Holidays – 10 days 
• Stock Options 
• Annual Bonus Opportunity   
• Transportation Benefits 
• And fun, extra perks such as company socials and lunches, team development activities, bank sponsored volunteer opportunities, paid volunteer hours, quarterly incentive awards, and professional development opportunities.