Chief Credit Officer

The Chief Credit Officer is responsible for the overall management of the Bank’s Credit Administration Department, including the underwriting and loan review analysis process, and all functions providing lending support, direction, credit information, and loan policies, procedures and processes to ensure the overall quality of the Bank’s lending portfolio.

Responsibilities

• Oversees the management of the Bank’s Credit Administration Department, including the underwriting and loan review analysis process, and all functions providing lending support, direction, credit information, and loan policies, procedures and processes to ensure the overall quality of the Bank’s lending portfolio.
• Provides supervision and support to all assigned areas of department operations where service or assistance is needed; oversees activities of department support personnel and opens and closes department.
• Assists the Bank in meeting its overall business plan goals and maximizing loan profitability within capital risk limitations of the Bank.
• Reinforces the application of superior customer service through his or her own example along with appropriate follow through with involved customers and employees and conducts specific periodic meetings and presentations on this topic with all staff members.
• Responds to inquiries or refers inquiries to the appropriate department or person and exhibits the necessary follow through with customers and/or staff involved.
• Manages, mentors, trains, develops, and directs core credit administration functions, including loan underwriting for all types of loans originated by the Bank, analysis, credit approval presentations, credit review and approval, risk assessment, and loan/special asset recovery.
• Works directly with various lending department managers to facilitate the origination of new loans in addition to improving the Bank’s loan portfolio credit quality.
• Establishes controls and training programs to ensure underwriting, asset quality, and compliance with designated laws, rules and regulations are developed, implemented and revised when appropriate, and serves as the foundation for coordinating the Bank’s credit underwriting, delinquency follow-up and loan portfolio quality.
• Formulates, revises, and implements the Bank’s loan policies, procedures and practices; ensures that proposed loans adhere to existing policy guidelines and are sufficiently documented to ensure security of collateral and that administration and review are adequate to maintain the Bank’s loan portfolio’s quality and profitability; and works closely with lending personnel to ensure the Bank’s policies, procedures and processes are adhered to and all loan presentation approvals are thorough and concise.
• Maintains a current knowledge of changing legislation and regulatory climate and recommends changes to the Bank’s loan policies and procedures.
• Serves as the Loan Committee Chairman; prepares the agenda and leads the Loan Committee; attends the meetings of the Board of Directors; participates in the annual strategic planning process; attends all Risk Management Committee meetings; and may participate other committees designated by the President and CEO.
• Prepares and calculates the Bank’s allowance for credit losses in compliance with U.S. Generally Accepted Accounting Principles (GAAP) and applicable federal regulatory guidance and makes recommendations to executive management and the Board of Directors for the amount to be added/deducted to/from the allowance for credit losses; calculation includes analyzing local, regional, and national economic conditions; allowance for credit losses and trends; and loan product concentrations.
• Conducts a periodic analysis of loan concentrations that adheres to regulatory guidance and Bank policy.
• Periodically examines loan files for assurance of credit and collateral documentation, regulatory compliance, and loan policy conformance and reviews technical exceptions and deficiencies and provides reports of exception to Board of Directors and Loan Committee.
• Monitors and controls Key Performance Indicators (KPI’s) in conjunction with annual performance goals and through collaborative efforts, such as, but not limited to, loan policy and credit/collateral exception thresholds, loan to deposit ratio, loan charge-offs, past due and non-accrual loan levels, classified and substandard loans, etc.
• Prepares and submits various loan reports to the Board of Directors and Loan Committee; prepares and distributes credit information covering loan quality trends, growth trends, loan product concentrations; and works closely with other credit managers in reviewing such topics as local real estate data and assessing the impact on the Bank’s loan portfolio.
• Provides accounting and loan review recommendations with the Chief Financial Officer and external auditors.
• Directs the internal loan review function and coordinates the external loan review activities in coordination with the Board of Directors’ Audit Committee designed to evaluate credit risk and maintain the integrity of the Bank’s credit rating system.
• Reviews and approves/declines large and complex loans when difficult questions of policy or credit risk may be involved within assigned lending authority and related limits prior to their submission to Loan Committee; recommends approval of loans over assigned lending authority; ensures that loans are risk rated correctly when reviewing loans for Loan Committee submission; reviews consist of making recommendations on loan structure, terms, and pricing so as not to expose the Bank to undue credit risk; and provides technical guidance to lending personnel in the interpretation of data; approves and/or rejects.
• Oversees regulatory compliance with federal and state laws, rules and regulations for the Bank; submits accurate and timely reports as required by the Board of Directors, Loan Committee, Senior Management, and regulatory agencies.
• Works proactively and effectively with the Bank’s regulators and external auditors to ensure the Bank maintains a healthy regulatory rating.
• Supervises the Bank’s Special Assets Department in curing weak credits, collection of such credits, or the movement of such undesirable credits; identifies potential problem credits and develops strategies to improve non-performing loans, reduce delinquencies, maximize recoveries and minimize losses; assists in the compilation of loan status reports and implementing respective loan action plans; and prepares various reports regarding the status of the Bank’s special assets for submittal to the Board of Directors and Loan Committee.
• Meets with current or prospective customers as needed and/or required on material credits to assist in evaluation of credit or to more clearly communicate the Bank’s risk tolerance.
• Assists in expanding credit product offerings and creating efficiencies in the Bank’s credit delivery and risk monitoring processes.

Qualifications

• College or university Bachelor’s degree (BA) or equivalent from a four-year college or university; 10+ years of related experience and/or training; or the equivalent combination of education and experience. Related experience should consist of a financial analyzing or lending background. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related. A professional banking school completion and accreditation and/or advanced education beyond a college degree is preferred, ideally in a financial or business discipline, such as Master’s degree or MBA.
• Registered with the Nationwide Mortgage Licensing System and Registry as a mortgage loan originator in accordance with the Secure and Fair Enforcement for Mortgage Licensing Act (the “SAFE Act”).
• Mastered knowledge of commercial, real estate, and consumer lending and operations, including loan risk rating, portfolio monitoring, asset recovery, and loan work outs.
• Mastered credit analysis skills with extensive knowledge of loan structure, pricing and collateral analysis.
• Mastered experience, knowledge and training in financial statement and tax return analysis typically resulting from a combination of education in accounting, financial and/or credit analysis or related areas.
• Mastered experience, knowledge and training in all lending activities and terminology, including mastered knowledge of commercial, construction, real estate and consumer loan processing.
• Mastered knowledge of related state and federal lending and compliance regulations, and other Bank lending policies.
• Ability to develop marketing and business development skills with customers.
• Excellent organizational and time management skills with the ability to provide leadership, supervision and training for five (5) or more employees using positive supervisory techniques to ensure maximum productivity; demonstrated ability in organization and delegation skills.

Seniority level

• Executive

Employment type

• Full-time

Job function

• Finance and Sales

Industries

• Banking

Location: Las Vegas, NV

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