The Centralized Commercial Credit Officer is responsible for loan approvals on business purpose and commercial real estate loans within line of business parameters. Loan authority is commensurate with experience, expertise and business need. From time to time, this position may provide guidance on credits that are classified, criticized, or have been recently downgraded where a clear plan of action is required. This role is remote in the following states ONLY: VA, NC, SC, MD or GA
The Centralized Commercial Credit Officer is responsible for loan approvals on business purpose and commercial real estate loans within line of business parameters. Loan authority is commensurate with experience, expertise and business need. From time to time, this position may provide guidance on credits that are classified, criticized, or have been recently downgraded where a clear plan of action is required.
This position will interact closely with others in Credit Administration, as well as the revenue producing lines of business. The position’s primary goal is to make sound credit decisions and to provide timely responses on complete credit request packages. This role is remote in the following states ONLY: VA, NC, SC, MD or GA
Position Accountabilities
- Reviews and determines appropriate risk assessment of business loan requests including the appropriate level of analysis of borrower's business, management, financial condition, and operations.
- Evaluates financial statements and prepares independent written credit evaluations on the most complex business loans and relationships. Analyses will identify the key strengths and weaknesses of that particular borrower, along with the loan structure, and conclude in the approval or decline of the loan.
- Applies experience and judgment to evaluate the level of risk within a request and structure the loan terms to meet the borrower’s needs while adhering to AUB’s risk and credit policies.
- Signature loan approvals on business relationships to be determined based on experience, expertise and business need; works closely with the Centralized Credit Management for those approvals that exceed individual loan authority
- Collaborates with sales and credit partners to meet deadlines on business loan requests.
- Accountable for and manages assigned portfolio by monitoring performance and trends, proactively defining client credit solutions, identifying issues and following through for remediation. Other portfolio duties include but are not limited to: timely and accurate risk rating of clients based on internal and external data; consideration and approval short term extensions and ensuring correct documentation at time of review.
- Works strategically with relationship managers on risk management issues and/or loan structure as requested or otherwise deemed necessary or appropriate.
- Works with Wholesale and Business Banking relationship managers and line management to ensure that business banking loan portfolio quality goals are met.
- May mentor less experienced Centralized Credit Officers on the evaluation of credit risk factors, loan decisions, and other credit topics. May assist with credit training and development of others.
- Reviews loan packages and provides approval concurrence for other Credit Officers as needed.
- Maintains current operating knowledge of all job-relevant legal and regulatory requirements through the successful completion of compliance and regulatory training and attendance at all mandatory regulatory compliance and credit training activities.
Organizational Relationship
- Reports to the Centralized Commercial Credit Team Leader
Position Qualifications
Education & Experience
- Bachelor's degree in business, finance or related field
- Seven plus years’ experience in business banking/commercial banking and/or a credit administration position that included underwriting and assessment of credit requests.
- Prior loan approval authority highly preferred.
Knowledge & Skills
- Results oriented and decisive
- Confident in knowledge and experience; able to clearly articulate loan approvals and declines
- Accuracy, and attention to detail a must.
- Ability to handle confidential information with the utmost discretion.
- Ability to work independently as well as within a team environment.
- Strong interpersonal, communication and listening skills.
- Strong consultative skills including the ability to ask critical questions to identify opportunities
- PC proficiency and experience with word processing and spreadsheet software, including the use of system and user generated formulas, macros, charts, and tables.
- Strong knowledge of loan documentation, i.e. documents needed to perfect a lien on various collateral types; documents signed by the client; identifying related risks and working with Legal as deemed appropriate
- This role is remote in the following states ONLY: VA, NC, SC, MD or GA
Salary offered will be based on several factors including but not limited to education, work experience, certifications, etc. This position is also eligible to participate in either an applicable incentive compensation plan for the position or a discretionary profit sharing bonus program. General information on our comprehensive benefits package can be found by visiting https://www.atlanticunionbank.com/about/careers/benefits.
We are proud to be an EEO/AA /Minority/Female/Disability/Veteran employer. We maintain a drug-free workplace.