Valley Bank
Senior Credit Risk Manager - Morristown, NJ
Valley Bank, Convent Station, New Jersey, us, 07961
Senior Credit Risk Manager - Morristown, NJ
Join to apply for the
Senior Credit Risk Manager - Morristown, NJ
role at
Valley Bank
1 day ago Be among the first 25 applicants
Responsibilities
Responsible for monitoring the ongoing financial health of an assigned loan portfolio while maintaining communication and dialogue with clients in conjunction with the business team for all credit related reporting and business updates.
Underwrites and structures new prospective transactions, renewals, extensions, increases, and material modifications for existing clients.
Leads external client meetings and internal deal team discussions with senior management, identifies, outlines, and mitigates risks associated with potential lending opportunities, advises on all matters related to the Bank's Credit Policy and related procedures, and provides guidance on loan structures and risk appetite.
Reviews credit packages completed by junior team members and provides general guidance and mentorship.
Performs required due diligence, produces credit presentations in accordance with guidelines and policy, presents credit requests to the required level of credit authority, and oversees the legal documentation and closing process.
Approves transactions under individual lending authority when applicable.
Maintains oversight via internal reporting and dashboards of all ongoing portfolio monitoring requirements and client deliverables, ensuring compliance with all terms of the loan agreement including financial reporting, covenant compliance, collateral monitoring, required third‑party reports, annual reviews, and maturing loans and lines of credit.
Validates and analyzes reports such as financial statements, borrowing base certificates, collateral field examinations, appraisals, engineering reports, etc., to verify compliance, escalates issues, and develops action plans as necessary.
Ensures credits are accurately risk rated and properly monitored and reported.
Prepares all required quarterly reports and analysis, including Criticized Loan Monitoring Reports and other portfolio management reports as required.
Participates in special projects and requests related to portfolio management.
Required Skills
Demonstrates a strong understanding of policies and procedures, underwriting guidelines and RACs.
Advanced knowledge of credit underwriting, financial accounting and loan documentation.
Advanced knowledge of how a deal should be structured and comfort with conversing this structure to lenders.
Strong computer skills using Microsoft Word, Excel and Outlook.
Strong interpersonal and social skills needed to interact with loan officers, administrative staff and customers.
Ability to manage time efficiently.
Strong mathematical skills.
Strong credit skills.
Strong administrative skills.
Ability to write reports and business correspondence.
Ability to effectively present information and respond to questions.
Required Experience
High School diploma or GED.
Minimum of 7 years of experience in a commercial lending environment in a credit‑oriented and underwriting position.
Preferred Experience
Bachelor's degree in a related field and completion of a formal credit training program.
Seniority level
Mid‑Senior level
Employment type
Full‑time
Job function
Finance and Sales
Industries
Banking
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Get notified about new Senior Credit Risk Manager jobs in
Morristown, NJ .
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Senior Credit Risk Manager - Morristown, NJ
role at
Valley Bank
1 day ago Be among the first 25 applicants
Responsibilities
Responsible for monitoring the ongoing financial health of an assigned loan portfolio while maintaining communication and dialogue with clients in conjunction with the business team for all credit related reporting and business updates.
Underwrites and structures new prospective transactions, renewals, extensions, increases, and material modifications for existing clients.
Leads external client meetings and internal deal team discussions with senior management, identifies, outlines, and mitigates risks associated with potential lending opportunities, advises on all matters related to the Bank's Credit Policy and related procedures, and provides guidance on loan structures and risk appetite.
Reviews credit packages completed by junior team members and provides general guidance and mentorship.
Performs required due diligence, produces credit presentations in accordance with guidelines and policy, presents credit requests to the required level of credit authority, and oversees the legal documentation and closing process.
Approves transactions under individual lending authority when applicable.
Maintains oversight via internal reporting and dashboards of all ongoing portfolio monitoring requirements and client deliverables, ensuring compliance with all terms of the loan agreement including financial reporting, covenant compliance, collateral monitoring, required third‑party reports, annual reviews, and maturing loans and lines of credit.
Validates and analyzes reports such as financial statements, borrowing base certificates, collateral field examinations, appraisals, engineering reports, etc., to verify compliance, escalates issues, and develops action plans as necessary.
Ensures credits are accurately risk rated and properly monitored and reported.
Prepares all required quarterly reports and analysis, including Criticized Loan Monitoring Reports and other portfolio management reports as required.
Participates in special projects and requests related to portfolio management.
Required Skills
Demonstrates a strong understanding of policies and procedures, underwriting guidelines and RACs.
Advanced knowledge of credit underwriting, financial accounting and loan documentation.
Advanced knowledge of how a deal should be structured and comfort with conversing this structure to lenders.
Strong computer skills using Microsoft Word, Excel and Outlook.
Strong interpersonal and social skills needed to interact with loan officers, administrative staff and customers.
Ability to manage time efficiently.
Strong mathematical skills.
Strong credit skills.
Strong administrative skills.
Ability to write reports and business correspondence.
Ability to effectively present information and respond to questions.
Required Experience
High School diploma or GED.
Minimum of 7 years of experience in a commercial lending environment in a credit‑oriented and underwriting position.
Preferred Experience
Bachelor's degree in a related field and completion of a formal credit training program.
Seniority level
Mid‑Senior level
Employment type
Full‑time
Job function
Finance and Sales
Industries
Banking
Referrals increase your chances of interviewing at Valley Bank by 2x
Get notified about new Senior Credit Risk Manager jobs in
Morristown, NJ .
#J-18808-Ljbffr