Title: Chief Credit Officer

DEPT: Executive 

REPORTS TO: President 

CLASSIFICATION: Exempt, Full-Time

Location: Remote; AL; CA; IL; FL; MA; NC; NJ; NY; PA; TX; UT; VA

Pay Salary: $180,000-$275,000, bonus eligible. 

Position Summary: This position is responsible for the overall management of the Bank’s loan portfolio, loan approval system, loan documentation and credit administration functions. Will exercise appropriate credit risk management and ensure all lending and credit administration activities are compliant and within defined Board-approved risk tolerance expectations. Participate in the establishment of the Company’s strategic plan and its implementation with all other members of the Executive Team with the responsibility of managing the Bank’s credit function.

Responsibilities:

·      Provides direct supervision and leadership for Credit Manager, Special Asset Manager, Credit Analysts, Loan Processors and Loan Administrative Assistants.

·      Responsible for overall asset quality of the Company as a fundamental driver of the safety and soundness of the institution.

·      Responsible for establishing credit risk philosophy and appropriate credit risk monitoring & mitigation systems.

·      Establishes lending policies, underwriting standards, and internal lending controls in alignment with evolving industry practices. 

·      Supervise all lending operations to guarantee adherence to company policies and compliance with regulatory standards, helping uphold the Company's positive reputation with regulatory bodies.

·      Oversee all company credit policies.

·      Manages loan risk ratings and concentration levels.

·      Maintains credit authority and loan approval structure for effective risk management.

·      Tracks lending trends and regulatory changes, updates of staff and policies as needed.

·      Analyzes economic, market, and industry trends regarding new products, services, and policies, and recommends appropriate Company response.

·      Partners with the President in driving consistent performance and credit culture expectations within Company’s defined market area.

·      Holds routine meetings with commercial lenders to ensure that credit administration and policy standards are maintained and adapted as necessary to support the Company's continued expansion.

·      Participates in all Strategic Planning activities for the Company and embraces ownership of appropriate strategic execution priorities as assigned.

·      Leads the Executive Loan Committee meetings and serves as a voting member on all credits over $150,000.

·      Serves as a member of the Company’s Asset-Liability Management Committee (ALCO); contributes to development of and adherence to appropriate loan pricing disciplines within construct of prudent ALCO guidelines.

·      Monitors and assist in developing enhanced credit training for all lenders.

·      Participates with lenders on customer and prospect calls, when appropriate.

·      Monitors document exception management by lenders.

·      Participates in the Company’s business development program on a selective basis.

·      Be actively engaged in strategic community involvement activities and serving as one of the Company’s leading ambassadors.

·      Lead as a culture champion contributing to a positive working environment through words and actions.

·      Responsible for ensuring internal and external customers receive outstanding service.

·      Promote adherence to all laws concerning financial institutions.

·      Regular and dependable attendance. 

·      All other duties as required by business needs.

Requirements:

·      Bachelor’s degree in Business or related, and will consider equivalent combination of education and experience in lieu of. 

·      10 years progressive management experience in a financial institution.

·      10 years experience in business and/or agricultural lending and leasing.

·      Proficient with Microsoft Office, particularly Word and Excel.

·      Knowledge of loan documentation in order to remain compliant with Federal regulations, and Bank policies and procedures.

·      Knowledge of the financial industry including knowledge of various products, policies, and procedures.

·      Knowledge of all phases of lending, including laws and regulations governing business (including SBA experience), agricultural and consumer lending.

·      Business financial analysis expertise

·      Familiarity with state and federal banking laws

·      Collections and work-out experience

·      Strong leadership skills

·      Ability to motivate and delegate

·      Skilled in data review and decision-making

·      Loan evaluation proficiency

·      Competence in analyzing complex laws and contracts

·      Effective response to sensitive inquiries and complaints

Desired Knowledge, Skills, and Abilities:

·      Additional executive banking/financial education, training, or certifications.

·      Understanding of basic data processing concepts.

·      Public relations abilities, to positively reflect the Company’s image in the community and the marketplace.