Coastal States Bank
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Consumer Credit Officer
role at
Coastal States Bank .
Overview The Consumer Credit Officer coordinates day-to-day lending activities with Relationship Managers and the Credit Department of the bank. This role analyzes financials, understands client performance, client creditworthiness and the risk involved in extending safe/prudent credit to new and existing customers.
Essential Functions
To write credit memos, loan reviews, and other reports summarizing information about new or existing borrowers, including: the purpose of the loan, the experience/background of the borrower, the financial condition of borrowers and guarantors, repayment capacity, collateral adequacy, industry/market and using that information to evaluate a loan’s conformity to the bank’s lending guidelines/policies and banking regulations. These credit memos may require presenting and making recommendations to Directors and Bank Management in order to extend credit. The credit memo is summarized with risk grading of the loan and any other pertinent conditions to extend credit.
To assess and determine financial condition of borrowers and guarantors by spreading financials (accountant or internally prepared financial statements, tax returns, personal financial statements, liquidity statements, business and personal credit reports) in accordance with the bank’s loan policies and underwriting guidelines. Summarize the cash flow analysis of the borrowers and guarantors.
To assess and determine the quality and adequacy of collateral and capital (equity) through the review of appraisals, evaluations, environmental reports, inspection reports, condition reports, market reports, purchase invoices and other collateral information based on the bank’s loan policies and underwriting guidelines.
Collaborate with Relationship Managers in credit structuring and understanding client’s loan request. Work with Relationship Managers in obtaining necessary information (financials and/or relative documents) to underwrite credit request. Perform due diligence of loan requests once information is received. Identify and mitigate risks within the approval process. Assess credit risk ratings on new and existing relationships.
Decision credits within delegated lending authority and make recommendations when requests are outside of delegated authority.
Maintain relevant regulatory and compliance knowledge related to consumer and mortgage lending.
Contribute to the bank team effort by working on special projects and reports, performing other job-related duties, at the discretion of the Chief Credit Officer of the Bank.
Critical Success Factors
Excellent verbal and written communication skills
Excellent organizational, multi-tasking and time management skills
Ability to analyze medium to high level complexity credit
Facilitates teamwork
Qualifications and Experience A Bachelor's Degree in Finance, Accounting, Economics or Business to include advanced knowledge of book and tax accounting. A requirement of 5-7 years of experience as a bank credit analyst and/or loan underwriter. Substantial understanding of the job and applies knowledge and skills to complete a wide range of tasks; prepare financial spreads and utilize them in financial analysis reporting; and has the ability to use, understand and apply credit policy and bank regulations to responsibilities. Exercise good judgment and discretion in the handling of confidential information for loans requiring credit decisions.
Completes diverse deadline driven tasks. Works with highly sensitive and confidential information. Excellent written and verbal skills necessary to interact and communicate with various levels of internal and external clients. Solid time management and organizational skills with the ability to manage and prioritize multiple tasks to meet deadlines. Works under general supervision and usually on own initiative. May perform some tasks independently and also work as a contributing team member. May act as a resource to other internal staff. Knowledgeable in a wide range of Microsoft Office software applications. Proficient with Fiserv, nCino and other bank programs.
Training Responsible for the timely completion of all required compliance training such as BSA, Information Security, and other job-specific training as assigned.
Additional Requirements The responsibility to acquire and maintain the required knowledge of State and Federal Banking regulations and policies.
Work Environment and Physical Demands Professional office environment. While performing the duties of this position, the team member is regularly required to operate standard office equipment. The team member is frequently required to communicate and perceive. The position is primarily stationary and not substantially exposed to adverse environmental conditions and requires sedentary work such as exerting up to 10 pounds of force 5% of the time and a negligible amount of force approximately 95% of the time.
Details
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Finance
Industries: Financial Services and Banking
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Consumer Credit Officer
role at
Coastal States Bank .
Overview The Consumer Credit Officer coordinates day-to-day lending activities with Relationship Managers and the Credit Department of the bank. This role analyzes financials, understands client performance, client creditworthiness and the risk involved in extending safe/prudent credit to new and existing customers.
Essential Functions
To write credit memos, loan reviews, and other reports summarizing information about new or existing borrowers, including: the purpose of the loan, the experience/background of the borrower, the financial condition of borrowers and guarantors, repayment capacity, collateral adequacy, industry/market and using that information to evaluate a loan’s conformity to the bank’s lending guidelines/policies and banking regulations. These credit memos may require presenting and making recommendations to Directors and Bank Management in order to extend credit. The credit memo is summarized with risk grading of the loan and any other pertinent conditions to extend credit.
To assess and determine financial condition of borrowers and guarantors by spreading financials (accountant or internally prepared financial statements, tax returns, personal financial statements, liquidity statements, business and personal credit reports) in accordance with the bank’s loan policies and underwriting guidelines. Summarize the cash flow analysis of the borrowers and guarantors.
To assess and determine the quality and adequacy of collateral and capital (equity) through the review of appraisals, evaluations, environmental reports, inspection reports, condition reports, market reports, purchase invoices and other collateral information based on the bank’s loan policies and underwriting guidelines.
Collaborate with Relationship Managers in credit structuring and understanding client’s loan request. Work with Relationship Managers in obtaining necessary information (financials and/or relative documents) to underwrite credit request. Perform due diligence of loan requests once information is received. Identify and mitigate risks within the approval process. Assess credit risk ratings on new and existing relationships.
Decision credits within delegated lending authority and make recommendations when requests are outside of delegated authority.
Maintain relevant regulatory and compliance knowledge related to consumer and mortgage lending.
Contribute to the bank team effort by working on special projects and reports, performing other job-related duties, at the discretion of the Chief Credit Officer of the Bank.
Critical Success Factors
Excellent verbal and written communication skills
Excellent organizational, multi-tasking and time management skills
Ability to analyze medium to high level complexity credit
Facilitates teamwork
Qualifications and Experience A Bachelor's Degree in Finance, Accounting, Economics or Business to include advanced knowledge of book and tax accounting. A requirement of 5-7 years of experience as a bank credit analyst and/or loan underwriter. Substantial understanding of the job and applies knowledge and skills to complete a wide range of tasks; prepare financial spreads and utilize them in financial analysis reporting; and has the ability to use, understand and apply credit policy and bank regulations to responsibilities. Exercise good judgment and discretion in the handling of confidential information for loans requiring credit decisions.
Completes diverse deadline driven tasks. Works with highly sensitive and confidential information. Excellent written and verbal skills necessary to interact and communicate with various levels of internal and external clients. Solid time management and organizational skills with the ability to manage and prioritize multiple tasks to meet deadlines. Works under general supervision and usually on own initiative. May perform some tasks independently and also work as a contributing team member. May act as a resource to other internal staff. Knowledgeable in a wide range of Microsoft Office software applications. Proficient with Fiserv, nCino and other bank programs.
Training Responsible for the timely completion of all required compliance training such as BSA, Information Security, and other job-specific training as assigned.
Additional Requirements The responsibility to acquire and maintain the required knowledge of State and Federal Banking regulations and policies.
Work Environment and Physical Demands Professional office environment. While performing the duties of this position, the team member is regularly required to operate standard office equipment. The team member is frequently required to communicate and perceive. The position is primarily stationary and not substantially exposed to adverse environmental conditions and requires sedentary work such as exerting up to 10 pounds of force 5% of the time and a negligible amount of force approximately 95% of the time.
Details
Seniority level: Mid-Senior level
Employment type: Full-time
Job function: Finance
Industries: Financial Services and Banking
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