Senior Commercial Credit Officer - Westbrook, United States - Allegacy Federal Credit Union

Description

POSITION TITLE:

Senior Commercial Credit Officer Job Code:

ORGANIZATIONAL RELATIONSHIPS:

Reports To:
SEVP, Chief Revenue Officer, and Managing Director of Allegacy Services, LLC
Role Accountability
At Allegacy, there's a common thread that runs through all of us.

It's our commitment to doing right and our promise to members to always do the right thing for their wellbeing.

Every employee in our organization is accountable to living out our brand in meaningful ways as our promise motivates our beliefs, our behaviors, and the benefits we share together.

In order to achieve this state of success, this position will focus on management, leadership, and credit administration.
Specific Accountabilities
We are seeking an experienced and detail-oriented professional to join our team as a Senior Commercial Credit Officer.

In this key role, you will be responsible for partnering with business relationship management teams and other credit union departments to ensure desired results.

You will oversee the evaluation and management of creditworthiness of commercial clients, ensuring sound risk management practices, and contributing to the overall success of our lending portfolio.

You will also oversee commercial support areas to ensure that processes are adequate to ensure comprehensive risk management The ideal candidate will possess a strong background in commercial credit analysis, risk assessment, and financial modeling.

Train and supervise staff.
Assign, direct, coordinate and review work performed by staff. Fairly and consistently evaluate employees against the Allegacy behaviors.
Ensure employees meet service goals as established by the credit union
Demonstrate enthusiastic support of corporate mission, core values and long-term objectives.

Performs job duties within our bylaws, regulations, Board of Directors policies, established internal and external service standards and our work procedures.

Develop each employee to their highest potential by identifying their areas for improvement and appropriately coaching, training or correcting the employees' performance.

Recognize employees who perform at a high level.

MAJOR DUTIES AND RESPONSIBILITIES:

Credit Analysis Accountabilities:

Manage a team of professionals to ensure comprehensive credit analyses and loan processing for commercial loan applications, assessing the financial health and creditworthiness of potential borrowers.

Review financial statements, tax returns, and other relevant documents to determine the level of credit risk associated with each applicant.

Utilize financial modeling techniques to evaluate the impact of various scenarios on borrowers' financial positions.
Provide ongoing training and skill-enhancement opportunities for relationship managers pertaining to credit analysis and risk management
Provide leadership to business services personnel regarding portfolio-wide issues of growth, quality, and yield.
Partner with relationship managers to advise on issues of loan structuring, pricing, credit risk, documentation and collections.
Implement effective risk management strategies to minimize potential credit losses. Direct collection activities for problem loans.
Monitor existing commercial loan portfolios, identifying and addressing emerging credit risks. Provide reporting to management.
Collaborate with cross-functional teams to ensure compliance with internal credit policies and regulatory requirements.
Review due diligence documents and closing documents as needed to ensure compliance with credit approval and best practice.

Decision Making Accountabilities:

Provide well-informed credit decisions and recommendations to senior management and applicable Board committees, balancing risk and reward considerations including strategic goals for the business services area and the credit union at large.

Participate in credit committee meetings, including periodic review meetings and problem loan meetings. Present and defend credit proposals and risk grade assignments as assigned.
Represent credit risk in strategic discussions for business services, including development of strategic plans, annual operating plans, and budget.
Client Interactions
Collaborate with relationship managers and business development teams to gather additional information and insights on prospective clients.
Communicate credit decisions and recommendations to relationship managers and clients in a clear and professional manner.
Stay informed about industry trends, market conditions, and regulatory changes affecting commercial credit.
Identify opportunities for process improvements and contribute to the enhancement of credit risk management practices.
Monitor policy compliance and recommend changes aligned with the risk appetite of the credit union.
Oversee the enhancement and delivery of periodic business services reports to the Board of Directors.
EDUCATION/EXPERIENCE

Minimum of 7-10 years of experience in commercial credit analysis, with a proven track record of handling complex credit transactions.

Previous experience in a senior credit officer role or similar capacity is highly desirable.
Strong financial analysis and modeling skills.
Excellent understanding of commercial lending practices, regulations, and risk management.
Effective communication and presentation skills.
Ability to make informed and timely credit decisions.
Bachelor's degree in finance, accounting, or a related field. Advanced degree (MBA, CFA) is a plus.
Relevant certifications such as Chartered Financial Analyst (CFA) or Certified Credit Professional (CCP) are a plus.
Position Requirements

Full-Time/Part-Time

Full-Time
Close Date
Exempt/Non-Exempt

Exempt
Location

02- Allegacy - Headquarters/Westbrook
About the Organization

Do you get a thrill out of helping people realize their dreams? Do you believe that strong, personal relationships are critical to financial success? Do you want to work for an organization that has its community's best interests at heart? We do, too.

That's why we work for Allegacy. Here, you'll find a challenging, rewarding career in one of the most unique entities of the financial industry.

Allegacy Federal Credit Union is a place where inclusion and camaraderie thrive, and where everyone is united in their commitment to serving our members.

EOE Statement

We are an equal employment opportunity employer.

All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.

Pay Grade

None Specified
This position is currently accepting applications.
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