Veritas Partners
Commercial Real Estate Credit Officer
Veritas Partners, Baltimore, Maryland, United States, 21276
3 days ago Be among the first 25 applicants
This range is provided by Veritas Partners. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range $175,000.00/yr - $205,000.00/yr
Direct message the job poster from Veritas Partners
1. Ensure all activities of the credit department with particular focus on construction and A&D lending are conducted in accordance with bank lending policy and procedure
2. Monitor the efficiency, adequacy, and accuracy of all construction lending related analysis performed by analysts via a review of their financial spreads, cash flow reports, and narratives; indicating financial, structural, and other risks; and file documentation and collateral review.
3. In coordination with the Regional Credit Executives, manage the department’s backlog of commercial construction underwriting assignments to meet the needs of the line staff and customers; ensure proper priority is assigned to all requests; make underwriting assignments to analysts according to their abilities, knowledge of the client, and the department’s overall workload at the time; and manage expectations with the Relationship Manager regarding timeframe of approval
4. Work with Construction and A&D Lending and Relationship Managers to negotiate transaction structure and mitigation strategies of key risks for new and existing commercial loans during the underwriting process.
5. Work with Mortgage Lending and Mortgage Loan Officers to complete preconstruction reviews to determine any exceptions to policy and to mitigate where necessary, and to resolve any problem loans which arise during construction for any reason including those which arise as a result of disputes with the builder.
6. Exercise loan authority judiciously to protect the Bank while meeting the needs of its clients.
7. Approve loans up to $5,000,000 with representation of Line. Construction Credit Executive can have major impact on the performance of the Bank.
8. Participate in the training of Credit Analysts in all aspects of underwriting but in particular including construction administration, market feasibility, budget analysis, contractor analysis and industry evaluation.
9. Work closely with management and customer service personnel to provide quality customer service and enhance internal operations
10. Prepare various reports as requested by the Chief Credit Officer or other Executive management
11. Meet with employees and management of related departments to create efficiencies or resolve problems relating to commercial loan approvals, portfolio management, and/or personnel or departmental management
12. Work closely with the Chief Credit Officer and Regional Credit Executives to establish goals and strategies for the credit department
15. Ensure adequate completion of annual reviews of large exposures and assist with major loan review and regulatory exam preparation
16. Demonstrates compliance awareness by completing all required regulatory and compliance training (e.g., BSA, CRA, ECOA) on or before deadlines, and actively supporting all policies, procedures, and practices that promote risk management, safety, and regulatory adherence
Requirements:
10+ years' commercial banking experience
5+ years' commercial credit experience
Construction loan experience - residential and commercial construction
Seniority level
Director
Employment type
Full-time
Job function
Analyst, Accounting/Auditing, and Finance
Industries: Banking, Financial Services, and Real Estate
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This range is provided by Veritas Partners. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range $175,000.00/yr - $205,000.00/yr
Direct message the job poster from Veritas Partners
1. Ensure all activities of the credit department with particular focus on construction and A&D lending are conducted in accordance with bank lending policy and procedure
2. Monitor the efficiency, adequacy, and accuracy of all construction lending related analysis performed by analysts via a review of their financial spreads, cash flow reports, and narratives; indicating financial, structural, and other risks; and file documentation and collateral review.
3. In coordination with the Regional Credit Executives, manage the department’s backlog of commercial construction underwriting assignments to meet the needs of the line staff and customers; ensure proper priority is assigned to all requests; make underwriting assignments to analysts according to their abilities, knowledge of the client, and the department’s overall workload at the time; and manage expectations with the Relationship Manager regarding timeframe of approval
4. Work with Construction and A&D Lending and Relationship Managers to negotiate transaction structure and mitigation strategies of key risks for new and existing commercial loans during the underwriting process.
5. Work with Mortgage Lending and Mortgage Loan Officers to complete preconstruction reviews to determine any exceptions to policy and to mitigate where necessary, and to resolve any problem loans which arise during construction for any reason including those which arise as a result of disputes with the builder.
6. Exercise loan authority judiciously to protect the Bank while meeting the needs of its clients.
7. Approve loans up to $5,000,000 with representation of Line. Construction Credit Executive can have major impact on the performance of the Bank.
8. Participate in the training of Credit Analysts in all aspects of underwriting but in particular including construction administration, market feasibility, budget analysis, contractor analysis and industry evaluation.
9. Work closely with management and customer service personnel to provide quality customer service and enhance internal operations
10. Prepare various reports as requested by the Chief Credit Officer or other Executive management
11. Meet with employees and management of related departments to create efficiencies or resolve problems relating to commercial loan approvals, portfolio management, and/or personnel or departmental management
12. Work closely with the Chief Credit Officer and Regional Credit Executives to establish goals and strategies for the credit department
15. Ensure adequate completion of annual reviews of large exposures and assist with major loan review and regulatory exam preparation
16. Demonstrates compliance awareness by completing all required regulatory and compliance training (e.g., BSA, CRA, ECOA) on or before deadlines, and actively supporting all policies, procedures, and practices that promote risk management, safety, and regulatory adherence
Requirements:
10+ years' commercial banking experience
5+ years' commercial credit experience
Construction loan experience - residential and commercial construction
Seniority level
Director
Employment type
Full-time
Job function
Analyst, Accounting/Auditing, and Finance
Industries: Banking, Financial Services, and Real Estate
#J-18808-Ljbffr