AVP Commercial Credit Officer II (Remote)
Overview
Performs complex credit analysis and financial reviews of new and existing loan requests.
Responsibilities
Essential Functions
Analyzes financial statements on complex credit requests to make an initial assessment of the level andquality of credit risk and viability of repayment.
Works with salesperson to structure each loan request to best protect the bank and to meet borrowerâsdesired outcome.
Conducts borrower interview with applicant and/or designated third parties such as borrowerâs CPA,controller, etc.
Contacts salesperson for additional information pertinent to the underwriting activities. Works withcustomers and SBL/leasing sales team to collect required credit information for underwriting loan and leaserequests.
Verifies existing borrowerâs total and current exposure in the loan and leasing systems and databases, e.g.,Loan Manager, and Spark, as well as hard file information and ensures that it is within departmental risk levels.
Generates credit memorandum to include a detailed financial analysis, customerâs background, summary ofcurrent and prior year fiscal results, and cash flow analysis on more complex credits.
Determines and presents recommended action (approval or decline) to senior management.Recommendation to include all relevant financial analysis, supporting collateral and market information inaccordance with the organizationâs credit standards and policies.
Maintains accurate and complete loan files. Validates that all required authorizations, compliance, andapprovals are obtained prior to closing underwriting documentation and files. Creates and maintainsapprovals and files.
Develops close working partnerships with the sales team, leasing and SBL operations, and other internalcompany staff to ensure open communication channels are available to handle issues associated with thecredit analysis and review of clients. Quickly responds to calls and requests for information from the team.
Recommends process, procedural, and/or operational changes to improve the efficiency of the credit reviewprocess.
Serves as the primary backup for the manager approving daily rental funding requests. In addition, monitors,tracks, and updates title information related to daily rental customers and leasing customers.
Trains and mentors less experienced credit officers and analysts.
Utilizes and develops knowledge of government guaranty loan programs (SBA, 7a, 504, SLA, Express, USDAB&I), including changes to the programs implemented by the governing agency.
Utilizes and develops knowledge of fleet leasing parameters such as lease types, guidance line requirementsand asset valuation methods.
Performs other duties as assigned.
Qualifications
Education/Experience Requirements
Undergraduate degree in a related field or an equivalent combination of training and experience.
5 years of commercial credit analysis or fleet/equipment leasing experience.
Strong working knowledge and understanding of traditional financial analysis.
Strong organizational, time management and prioritization skills to meet loan committee deadlines.
Excellent verbal, written, and interpersonal communication skills with strong presentation skills.
Team player, able to work effectively in a team fostered, multi-tasking environment.
Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook.
Additional Information
This job will be open and accepting applications for a minimum of five days from the date it was posted.
Salary Range: $65,957 - $113,340
This information reflects the base salary pay range for this job based on current national market data. Ranges may vary based on the job's location. We offer competitive pay that varies based on individual experience, qualifications and other relevant factors. We encourage you to apply to positions that you are interested in and for which you believe you are qualified. To learn more, you are welcome to discuss with us as you move through the selection process.
Working at The Bancorp Bank, N.A. and Benefits Information: https://thebancorp.com/company/join-our-team/
Company Culture & Background Screening
Company Culture at The Bancorp Bank: https://www.thebancorp.com/company/company-culture/
The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.
Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.
#LI-MD1
#LI-Remote
#BancorpRemote
Apply To This Job
Performs complex credit analysis and financial reviews of new and existing loan requests.
Responsibilities
Essential Functions
Analyzes financial statements on complex credit requests to make an initial assessment of the level andquality of credit risk and viability of repayment.
Works with salesperson to structure each loan request to best protect the bank and to meet borrowerâsdesired outcome.
Conducts borrower interview with applicant and/or designated third parties such as borrowerâs CPA,controller, etc.
Contacts salesperson for additional information pertinent to the underwriting activities. Works withcustomers and SBL/leasing sales team to collect required credit information for underwriting loan and leaserequests.
Verifies existing borrowerâs total and current exposure in the loan and leasing systems and databases, e.g.,Loan Manager, and Spark, as well as hard file information and ensures that it is within departmental risk levels.
Generates credit memorandum to include a detailed financial analysis, customerâs background, summary ofcurrent and prior year fiscal results, and cash flow analysis on more complex credits.
Determines and presents recommended action (approval or decline) to senior management.Recommendation to include all relevant financial analysis, supporting collateral and market information inaccordance with the organizationâs credit standards and policies.
Maintains accurate and complete loan files. Validates that all required authorizations, compliance, andapprovals are obtained prior to closing underwriting documentation and files. Creates and maintainsapprovals and files.
Develops close working partnerships with the sales team, leasing and SBL operations, and other internalcompany staff to ensure open communication channels are available to handle issues associated with thecredit analysis and review of clients. Quickly responds to calls and requests for information from the team.
Recommends process, procedural, and/or operational changes to improve the efficiency of the credit reviewprocess.
Serves as the primary backup for the manager approving daily rental funding requests. In addition, monitors,tracks, and updates title information related to daily rental customers and leasing customers.
Trains and mentors less experienced credit officers and analysts.
Utilizes and develops knowledge of government guaranty loan programs (SBA, 7a, 504, SLA, Express, USDAB&I), including changes to the programs implemented by the governing agency.
Utilizes and develops knowledge of fleet leasing parameters such as lease types, guidance line requirementsand asset valuation methods.
Performs other duties as assigned.
Qualifications
Education/Experience Requirements
Undergraduate degree in a related field or an equivalent combination of training and experience.
5 years of commercial credit analysis or fleet/equipment leasing experience.
Strong working knowledge and understanding of traditional financial analysis.
Strong organizational, time management and prioritization skills to meet loan committee deadlines.
Excellent verbal, written, and interpersonal communication skills with strong presentation skills.
Team player, able to work effectively in a team fostered, multi-tasking environment.
Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook.
Additional Information
This job will be open and accepting applications for a minimum of five days from the date it was posted.
Salary Range: $65,957 - $113,340
This information reflects the base salary pay range for this job based on current national market data. Ranges may vary based on the job's location. We offer competitive pay that varies based on individual experience, qualifications and other relevant factors. We encourage you to apply to positions that you are interested in and for which you believe you are qualified. To learn more, you are welcome to discuss with us as you move through the selection process.
Working at The Bancorp Bank, N.A. and Benefits Information: https://thebancorp.com/company/join-our-team/
Company Culture & Background Screening
Company Culture at The Bancorp Bank: https://www.thebancorp.com/company/company-culture/
The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.
Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.
#LI-MD1
#LI-Remote
#BancorpRemote
Apply To This Job