Chief Credit Officer
: Job Details :

Description

SUMMARY:

The Chief Credit Officer is responsible for providing support, direction, credit information, and loan policies and procedures to ensure the overall quality of the Bank's lending portfolio. Duties include calculating the Allowance for Credit Loss (ACL) and making recommendations to the Board of Directors for monthly allocations to the Loan Loss Reserve. Reviews large and complex loans prior to submission to Loan Committee. Represents lending and credit as an executive leader on all necessary committees and meetings of the Bank. Performs direct supervisory duties of department staff. Assumes responsibility and is accountable for adherence to Bank policies and procedures as well as, all applicable state and federal banking regulations.

RESPONSIBILITIES:

* Provides supervision and support to all assigned areas of department operations where service or assistance is needed. Oversees activities of department support personnel.

* Reinforces the application of superior customer service through his or her own example along with appropriate follow through with involved customers and employees; conducts specific periodic meetings and presentations on this topic with all staff members.

* Oversees the management of loan portfolio for completeness, soundness and adherence to loan policy and standards.

* Responds to inquiries or refers inquiries to the appropriate department or person; exhibits the necessary follow through with customers and/or staff involved.

* Prepares and calculates monthly ACL and makes recommendations to the Board of Directors for the amount to be added/deducted to/from the loan reserve; calculation includes analyzing local, regional, and national economic conditions; loan losses and trends; and loan product concentrations.

* Reviews large and complex loans prior to their submission to Loan Committee; reviews consist of making recommendations on loan structure, terms, and pricing so as not to expose the Bank to undue credit risk.

* Prepares and distributes credit information covering loan quality trends, growth trends, loan product concentrations; works closely with other credit managers in reviewing such topics as local real estate data and assessing the impact on the Bank's loan portfolio.

* Supervises the Bank's collection activities and special assets area in curing weak credits, collection of such credits, or the movement of such undesirable credits; assists in the compilation of loan status reports and implementing respective loan action plans; prepares a report re-aging the status of the Bank's special assets for submittal to the Board of Directors for review.

* Prepares and discusses loan information submitted to the Board of Directors for approval; loan information is defined as the calculation of the ACL, graded loan reports, and other loan quality information and trends.

* Prepares, reviews, and modifies when necessary, lending policies and procedures which enable the Bank to perform in a business manner, but not expose it to undue risk.

* Attempts to ensure that individual loans are risk rated correctly when reviewing loans for loan committee submission.

* Consistently applies good decision-making techniques pertaining to inquiries, approvals, requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development.

* Develops and maintains knowledge of financial industry, economy, market conditions, rates, vendors and competition.

* Cross sells the Bank's other products and services, referring customers to appropriate staff as indicated.

* Monitors staff in daily tasks, operations and quality control; ensures the organization of assigned areas of the department, coordinating available resources (e.g., staff, materials, etc.) for maximum results.

* Consistently applies superior decision-making techniques pertaining to inquiries, approvals and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development.

* Assumes responsibility for special projects; gathers data and prepares reports for the Board of Directors and other members of Senior Management, audits and other personnel.

* Plays a positive role in the development and growth of assigned department staff through excellent communication skills, both verbal and written, along with strong delegation skills assuring a highly cross-trained staff.

* Performs personnel actions including performance appraisals, disciplinary actions, and interviewing candidates for employment; supervises the daily activities of the department including, but not limited to, effective delegation of assignments, developing work schedules and providing necessary training.

* Processes, solves and answers complex customer transactions, problems or inquiries.

Requirements

EXPERIENCE & QUALIFICATIONS:

* Bachelor's degree in Finance, Accounting, Business, Economics or a related field is required.

* Minimum of 10 years of experience in credit, lending or financial risk management, preferably within a bank or financial institution.

* Proven track record of effectively managing a large loan portfolio

* Strong understanding of banking regulations, state and federal compliance requirements including knowledge of the Allowance for Credit Loss (ACL) framework and Loan Loss Reserve policies

* Experience with credit risk management tools and loan management systems.

* Strong analytical skills to assess loan risks, credit quality, economic conditions and financial trends.