Firstfederalwisconsin
VP Credit Administration Officer
Firstfederalwisconsin, Waukesha, Wisconsin, United States, 53188
Description
This individual will assist and oversee credit analyst(s) in analyzing commercial credit and financial reports to determine risk involved in extending credit, reconciling customer statements/billings, and scrutinizing financial data such as market share, income growth, and management quality to decide if loans will be feasible. In addition, this individual will assist and oversee preparation of credit write-ups and monitoring on‑going financial information, presenting credit requests for approval, participating in client calls, and providing exceptional customer service. They will assist and oversee the monitoring of an assigned credit portfolio, complete annual reviews, and may be granted some loan authority.
PRIMARY RESPONSIBILITIES May perform any or all of the following duties:
Oversee Credit Analyst(s).
Analyze credit data and financial statements to determine the degree of risk involved in extending credit.
Spread common size statements; generate financial ratios to evaluate customers' creditworthiness as it relates to the Bank’s risk tolerance.
Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
Complete loan applications, including credit analyses and summaries of loan requests, and submit to credit committee for approval.
Work collaboratively with others to handle new loan requests, new loan term and modifications for restructuring, watch list items, and past dues for effective risk management.
Prepare and distribute loan approval packages to Officers Loan Committee, Credit Committee and the Board of Directors as necessary.
Work with lenders to establish and negotiate the terms under which credit will be extended, including the costs, repayment method, and schedule of collateral requirements and documentation.
Conduct appraisal reviews and complete in‑house evaluations, on a continuous basis, vendor adherence to performance standards.
Ensure credit files are up‑to‑date and accurate, including ongoing routine administration, including annual reviews.
Review commercial customer files to identify and select delinquent accounts for collection.
Negotiate customer disputes to resolution and documents root cause.
Provide customer service and develop relationships with existing/prospective customers, in order to control risk.
Effectively manage assigned projects and recurring reporting responsibilities including the degree of risk involved.
Complete, monitor and distribute departmental Quarterly Report Tracking.
Follow all applicable laws and regulations.
Perform other duties as assigned.
OTHER RESPONSIBILITIES Follow First Federal Bank of Wisconsin policies and procedures. Follow all state and federal banking requirements.
REQUIREMENTS / CORE COMPETENCIES
Have a Bachelor’s degree in accounting, finance, or a similar field or equivalent experience.
Have a strong understanding of accounting concepts and how to apply them to financial statement analysis.
Have strong reasoning ability with the ability to define problems, collect data, establish facts, and draw conclusions.
Have proficient computer skills using Microsoft Office (specifically Word, Excel, PowerPoint, and Access) and various lending software packages.
Have general knowledge of appraisal valuation techniques.
Demonstrate an ability to work effectively with others in a cooperative and collective environment.
Have strong written communication skills. Must be able to effectively and cooperatively interact with employees within the Bank.
Ability to prioritize, organize time, and work independently.
A minimum of one year credit analyst experience is preferred.
OTHER QUALIFICATIONS / SKILLS Thorough knowledge of bank services and policies including all types of commercial loans. Time management, analytical, and communication skills.
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This individual will assist and oversee credit analyst(s) in analyzing commercial credit and financial reports to determine risk involved in extending credit, reconciling customer statements/billings, and scrutinizing financial data such as market share, income growth, and management quality to decide if loans will be feasible. In addition, this individual will assist and oversee preparation of credit write-ups and monitoring on‑going financial information, presenting credit requests for approval, participating in client calls, and providing exceptional customer service. They will assist and oversee the monitoring of an assigned credit portfolio, complete annual reviews, and may be granted some loan authority.
PRIMARY RESPONSIBILITIES May perform any or all of the following duties:
Oversee Credit Analyst(s).
Analyze credit data and financial statements to determine the degree of risk involved in extending credit.
Spread common size statements; generate financial ratios to evaluate customers' creditworthiness as it relates to the Bank’s risk tolerance.
Compare liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
Complete loan applications, including credit analyses and summaries of loan requests, and submit to credit committee for approval.
Work collaboratively with others to handle new loan requests, new loan term and modifications for restructuring, watch list items, and past dues for effective risk management.
Prepare and distribute loan approval packages to Officers Loan Committee, Credit Committee and the Board of Directors as necessary.
Work with lenders to establish and negotiate the terms under which credit will be extended, including the costs, repayment method, and schedule of collateral requirements and documentation.
Conduct appraisal reviews and complete in‑house evaluations, on a continuous basis, vendor adherence to performance standards.
Ensure credit files are up‑to‑date and accurate, including ongoing routine administration, including annual reviews.
Review commercial customer files to identify and select delinquent accounts for collection.
Negotiate customer disputes to resolution and documents root cause.
Provide customer service and develop relationships with existing/prospective customers, in order to control risk.
Effectively manage assigned projects and recurring reporting responsibilities including the degree of risk involved.
Complete, monitor and distribute departmental Quarterly Report Tracking.
Follow all applicable laws and regulations.
Perform other duties as assigned.
OTHER RESPONSIBILITIES Follow First Federal Bank of Wisconsin policies and procedures. Follow all state and federal banking requirements.
REQUIREMENTS / CORE COMPETENCIES
Have a Bachelor’s degree in accounting, finance, or a similar field or equivalent experience.
Have a strong understanding of accounting concepts and how to apply them to financial statement analysis.
Have strong reasoning ability with the ability to define problems, collect data, establish facts, and draw conclusions.
Have proficient computer skills using Microsoft Office (specifically Word, Excel, PowerPoint, and Access) and various lending software packages.
Have general knowledge of appraisal valuation techniques.
Demonstrate an ability to work effectively with others in a cooperative and collective environment.
Have strong written communication skills. Must be able to effectively and cooperatively interact with employees within the Bank.
Ability to prioritize, organize time, and work independently.
A minimum of one year credit analyst experience is preferred.
OTHER QUALIFICATIONS / SKILLS Thorough knowledge of bank services and policies including all types of commercial loans. Time management, analytical, and communication skills.
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