Dart Bank
Chief Credit Officer
This position is responsible for overseeing the bank’s asset quality, developing lending policies, and managing the credit portfolio.
Summary The Chief Credit Officer is responsible for overseeing the bank's asset quality through appropriate approval, administration and review activities. Formulates lending policies and procedures, establishes loan pricing to ensure desired loan growth and maximum profitability. Reviews proposed loans to ensure compliance with policies. Develops and maintains adequate review policies and procedures to protect the quality and profitability of the loan portfolio. Identifies problem credits, makes recommendations for loan workout situations. Provides leadership to direct and indirect members of their team.
Job Duties
Manages and provides guidance to Sr. Credit Officer, Special Assets Officer, Risk & Allowance Analyst, Government Lending Administrator (GLA), Commercial Technology Specialist and Commercial Loan Operations Officer.
Chairs the Director Loan Committee, Watch Credit Committee and participates in multiple bank management committees.
Works in a collaborative manner with the Chief Commercial Banking Officer, Commercial Relationship Managers, Treasury Management Officers, and various other members of the Commercial Sales team to facilitate appropriate screening and structuring of commercial relationships. In the case of government lending opportunities are present, employs the expertise of the GLA to ensure compliance with appropriate programs.
Meets with clients and prospects as necessary to facilitate the most efficient process possible while working to achieve divisional goals.
Identifies problem loans and resolutions. This is accomplished through the frequent interaction with staff and review of past dues & the loan portfolio as a whole, most often in concert with the Special Assets Officer and the Risk & Allowance Analyst.
Develops and administers the bank’s loan policies as approved by the Board of Directors. Assures that periodic reports are provided to the Board of Directors and senior management for review and, when necessary, approval.
Supports the commercial underwriting team in various ways, including preparation of commercial loan presentations, appraisal reviews, or other duties as needed. Works collaboratively with the Senior Credit Officer to achieve this when needed.
Regularly reviews trends in commercial underwriting and software, working with Commercial Technology Specialist to ensure bank is in best position to deliver a positive client experience.
Performs portfolio analysis and prepare reports concerning loan portfolio performance, trends, inherent risks, and profitability. This includes but is not limited to regular testing of the CECL model(s) with the Risk & Allowance Analyst and recommendations to senior management based on those tests.
Responsible for the lending compliance of the Bank. Implements, trains, monitors changes, and is a member of the bank’s Compliance Committee.
Interacts with Bank regulators, loan review, and other third parties during examinations, audits, and portfolio reviews.
Evaluates and recommends periodic changes in loan pricing, fee structures, etc., to the Budget Committee.
Assists in the budgeting process by providing projected loan totals, estimated future loan interest rates, etc.
Makes recommendations to the CEO and various loan committees for approval of loan amounts exceeding his/her lending authority.
Maintains knowledge of appropriate documentation requirements to assure security interests in collateral. Works in a collaborative manner with credit administration staff to ensure a safe & sound commercial closing process, primarily through working with the Commercial Loan Operations Officer.
Collaborates with the Commercial Loan Operations Officer and Commercial Loan Servicing Manager to ensure effective oversight and administration of the credit card portfolio.
Maintain knowledge of commercial, consumer, and mortgage regulatory compliance requirements.
Keeps abreast of changes to the local, regional, and national economic conditions, as well as any potential financial, political, technology, and competitive situations which could impact the Bank and its lending function.
Participates in professional bank organizations and civic groups to enhance the Bank’s visibility and to further personal development.
Completes other work as directed by the Chief Executive Officer.
Adheres to all Federal and State laws and regulations, including the Bank Secrecy Act.
Other duties as assigned.
Essential Functions
Mobility
Use of hands
Vision
Communicate verbally
Job Specifications Education:
Bachelor’s degree in Business, Finance, Accounting, or equivalent experience. Completion of a master’s level business program or similar Graduate School of Banking is preferred but not required.
Experience:
Ten years of cumulative credit analysis, commercial sales, and management experience required.
Skills:
Excellent organizational, written, and oral communication skills. Strong decision making, problem solving, and negotiation skills. Technologically savvy with all forms of current business software suites.
Supervises:
Sr. Credit Officer, Commercial Loan Operations Officer, Special Assets Officer, Risk & Allowance Analyst, Government Lending Administrator and Commercial Technology Specialist
Supervised by:
Chief Executive Officer
Benefits
Medical Benefits
Dental
Vision
401(K) Employee Stock Ownership Plan
Paid vacation & sick time
Flexible scheduling
Employee Assistance Program
Dart Bank University
Seniority Level Executive
Employment Type Other
Job Function Finance and Sales
Work Environment At Dart Bank you can expect to be surrounded by a team that will support you and invest in your growth in a quick-paced work environment where we deliver exceptional customer service. We are a local business that cares about our employees and our community.
Equal Employment Opportunity Statement Dart Bank is committed to providing equal opportunity in employment, maintaining a diverse workforce, and prohibiting all forms of unlawful discrimination and harassment. All employment decisions, policies, and practices, in terms of the recruitment process and other conditions and privileges of employment, will comply with applicable federal, state, and local anti-discrimination laws. The Company seeks, employs, promotes, and compensates qualified individuals based on ability, as demonstrated by performance and other legitimate non-discriminatory factors, without regard to race, color, religion, national origin, citizenship, ancestry, sex (including sexual orientation, gender expression, and gender identity), age, physical or mental disability, pregnancy, genetic information, military status, veteran status, or any other protected status under federal, state (in Michigan: marital status, familial status, height, weight, and misdemeanor arrest record), or local law. This employer participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the United States. If E-Verify cannot confirm that you are authorized to work, this employer is required to give you written instructions and an opportunity to contact Department of Homeland Security (DHS) or Social Security Administration (SSA) so that you can begin to resolve the issue before this employer can take any action against you, including terminating your employment. This employers can only use E-Verify once you have accepted a job offer and completed Form I-9.
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Summary The Chief Credit Officer is responsible for overseeing the bank's asset quality through appropriate approval, administration and review activities. Formulates lending policies and procedures, establishes loan pricing to ensure desired loan growth and maximum profitability. Reviews proposed loans to ensure compliance with policies. Develops and maintains adequate review policies and procedures to protect the quality and profitability of the loan portfolio. Identifies problem credits, makes recommendations for loan workout situations. Provides leadership to direct and indirect members of their team.
Job Duties
Manages and provides guidance to Sr. Credit Officer, Special Assets Officer, Risk & Allowance Analyst, Government Lending Administrator (GLA), Commercial Technology Specialist and Commercial Loan Operations Officer.
Chairs the Director Loan Committee, Watch Credit Committee and participates in multiple bank management committees.
Works in a collaborative manner with the Chief Commercial Banking Officer, Commercial Relationship Managers, Treasury Management Officers, and various other members of the Commercial Sales team to facilitate appropriate screening and structuring of commercial relationships. In the case of government lending opportunities are present, employs the expertise of the GLA to ensure compliance with appropriate programs.
Meets with clients and prospects as necessary to facilitate the most efficient process possible while working to achieve divisional goals.
Identifies problem loans and resolutions. This is accomplished through the frequent interaction with staff and review of past dues & the loan portfolio as a whole, most often in concert with the Special Assets Officer and the Risk & Allowance Analyst.
Develops and administers the bank’s loan policies as approved by the Board of Directors. Assures that periodic reports are provided to the Board of Directors and senior management for review and, when necessary, approval.
Supports the commercial underwriting team in various ways, including preparation of commercial loan presentations, appraisal reviews, or other duties as needed. Works collaboratively with the Senior Credit Officer to achieve this when needed.
Regularly reviews trends in commercial underwriting and software, working with Commercial Technology Specialist to ensure bank is in best position to deliver a positive client experience.
Performs portfolio analysis and prepare reports concerning loan portfolio performance, trends, inherent risks, and profitability. This includes but is not limited to regular testing of the CECL model(s) with the Risk & Allowance Analyst and recommendations to senior management based on those tests.
Responsible for the lending compliance of the Bank. Implements, trains, monitors changes, and is a member of the bank’s Compliance Committee.
Interacts with Bank regulators, loan review, and other third parties during examinations, audits, and portfolio reviews.
Evaluates and recommends periodic changes in loan pricing, fee structures, etc., to the Budget Committee.
Assists in the budgeting process by providing projected loan totals, estimated future loan interest rates, etc.
Makes recommendations to the CEO and various loan committees for approval of loan amounts exceeding his/her lending authority.
Maintains knowledge of appropriate documentation requirements to assure security interests in collateral. Works in a collaborative manner with credit administration staff to ensure a safe & sound commercial closing process, primarily through working with the Commercial Loan Operations Officer.
Collaborates with the Commercial Loan Operations Officer and Commercial Loan Servicing Manager to ensure effective oversight and administration of the credit card portfolio.
Maintain knowledge of commercial, consumer, and mortgage regulatory compliance requirements.
Keeps abreast of changes to the local, regional, and national economic conditions, as well as any potential financial, political, technology, and competitive situations which could impact the Bank and its lending function.
Participates in professional bank organizations and civic groups to enhance the Bank’s visibility and to further personal development.
Completes other work as directed by the Chief Executive Officer.
Adheres to all Federal and State laws and regulations, including the Bank Secrecy Act.
Other duties as assigned.
Essential Functions
Mobility
Use of hands
Vision
Communicate verbally
Job Specifications Education:
Bachelor’s degree in Business, Finance, Accounting, or equivalent experience. Completion of a master’s level business program or similar Graduate School of Banking is preferred but not required.
Experience:
Ten years of cumulative credit analysis, commercial sales, and management experience required.
Skills:
Excellent organizational, written, and oral communication skills. Strong decision making, problem solving, and negotiation skills. Technologically savvy with all forms of current business software suites.
Supervises:
Sr. Credit Officer, Commercial Loan Operations Officer, Special Assets Officer, Risk & Allowance Analyst, Government Lending Administrator and Commercial Technology Specialist
Supervised by:
Chief Executive Officer
Benefits
Medical Benefits
Dental
Vision
401(K) Employee Stock Ownership Plan
Paid vacation & sick time
Flexible scheduling
Employee Assistance Program
Dart Bank University
Seniority Level Executive
Employment Type Other
Job Function Finance and Sales
Work Environment At Dart Bank you can expect to be surrounded by a team that will support you and invest in your growth in a quick-paced work environment where we deliver exceptional customer service. We are a local business that cares about our employees and our community.
Equal Employment Opportunity Statement Dart Bank is committed to providing equal opportunity in employment, maintaining a diverse workforce, and prohibiting all forms of unlawful discrimination and harassment. All employment decisions, policies, and practices, in terms of the recruitment process and other conditions and privileges of employment, will comply with applicable federal, state, and local anti-discrimination laws. The Company seeks, employs, promotes, and compensates qualified individuals based on ability, as demonstrated by performance and other legitimate non-discriminatory factors, without regard to race, color, religion, national origin, citizenship, ancestry, sex (including sexual orientation, gender expression, and gender identity), age, physical or mental disability, pregnancy, genetic information, military status, veteran status, or any other protected status under federal, state (in Michigan: marital status, familial status, height, weight, and misdemeanor arrest record), or local law. This employer participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the United States. If E-Verify cannot confirm that you are authorized to work, this employer is required to give you written instructions and an opportunity to contact Department of Homeland Security (DHS) or Social Security Administration (SSA) so that you can begin to resolve the issue before this employer can take any action against you, including terminating your employment. This employers can only use E-Verify once you have accepted a job offer and completed Form I-9.
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