Summary of the Position:
The Private Bank Credit Officer reviews and provides credit decisions on approval requests submitted by Credit Production Managers. Credit Officers perform an objective evaluation of client credit availability pertaining to marketable securities and other types of liquid asset collateral, ensuring that the Bank maintains high credit quality standards, and communicates findings accordingly.
Primary Functions of the Position:
- In a high-volume environment, evaluates the risk considerations of a loan application and makes timely credit decisions
- Checks and, if necessary, revises credit approval request details before submitting approvals for loan documentation and booking
- Reviews credit investigations and related due diligence
- Completes loan modification requests for existing clients’ loans
- When required, reviews legal and borrower-provided documentation for accuracy and completeness
- May assist in the analysis of problem accounts and propose acceptable solutions regarding customer service issues
- Performs related reporting and project support work
Education and Experience Requirements:
- Bachelor’s Degree, preferably in Business or related field
- 3 years of banking or securities experience
- 3 years of underwriting experience
- Financial services experience with exposure to marketable securities, collateralized or asset-based lending, or loan administration is preferred
Essential Skills and Abilities:
- Demonstrated knowledge of accounting principles and reconcilement procedures
- Proficient in MS Office, specifically Excel and Word
- Able to quickly identify pertinent details and make timely, sound decisions
- Organized with strong attention to detail
- Professional interpersonal and communication skills
- Strong writing, critical-thinking, and analytical skills