What are the responsibilities and job description for the Credit Administrator position at Arvest Bank?
Pay is based on a number of factors including the successful candidate’s job-related knowledge and skills, qualifications, and prior experience. Arvest offers a comprehensive suite of benefits, including a full range of health and life, financial, and wellness benefits. For more information about benefits, please visit www.arvest.com/careers/benefits .
Position is Monday through Friday 8 am to 5 pm with ability to work additional hours as needed.
Incumbent must be located within the Rogers/Bentonville, AR area. Position is onsite.
Summary:
SUMMARY: Under the general guidance of the assigned, the Credit Administrator will provide leadership and day-to-day overall direction and administration of the commercial lending operations functions of the bank. This leadership will result in growth in loans, profits, and return on investments, efficiency of operations, and equitable benefits to the bank’s customers, employees, and shareholders. In conjunction with the Loan Manager, the incumbent will formulate objectives, goals, strategies, and plans for the commercial lending area. The incumbent will also provide day-to-day leadership, motivation, direction, and coordinate the bank’s credit analysis department or team to attain short-range and long-range results. The incumbent is accountable for the analysis and evaluation of data and opportunities, and for the charting of a challenging course for the bank’s credit and commercial lending programs. Additionally, the Credit Administrator will advise on Consumer and Mortgage lending as needed. Provide accurate, timely, and complete credit information to all internal bank functions, correspondent banks, and businesses. The incumbent is jointly accountable for monitoring lenders in the Uniform Application of Credit and adherence to Arvest Bank Group Loan Policy and Procedures.
We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
May directly supervise one or more fulltime equivalents. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Ensure direct reports have completed required compliance training and are adhering to all internal procedures and controls as it relates to bank policy, laws, regulations and Arvest’s BSA/AML Program. Responsibilities include interviewing, hiring, appraising performance, rewarding, and disciplining associates. The incumbent has the authority and the appropriate influence to make recommendations regarding hiring, firing, advancement, promotion, or any other change of status of other associates within the guidelines of the bank’s procedures and guidelines for such change of status events. The incumbent provides training, planning, assigning, and directing work assignments and schedules; addressing complaints and resolving problems.
Responsibilities:
QUALIFICATION REQUIREMENTS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE:
The work environment characteristics described here are representative of those an associate encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
Grade 18
Pay Range: $120000 - $150000 per year
Position is Monday through Friday 8 am to 5 pm with ability to work additional hours as needed.
Incumbent must be located within the Rogers/Bentonville, AR area. Position is onsite.
Summary:
SUMMARY: Under the general guidance of the assigned, the Credit Administrator will provide leadership and day-to-day overall direction and administration of the commercial lending operations functions of the bank. This leadership will result in growth in loans, profits, and return on investments, efficiency of operations, and equitable benefits to the bank’s customers, employees, and shareholders. In conjunction with the Loan Manager, the incumbent will formulate objectives, goals, strategies, and plans for the commercial lending area. The incumbent will also provide day-to-day leadership, motivation, direction, and coordinate the bank’s credit analysis department or team to attain short-range and long-range results. The incumbent is accountable for the analysis and evaluation of data and opportunities, and for the charting of a challenging course for the bank’s credit and commercial lending programs. Additionally, the Credit Administrator will advise on Consumer and Mortgage lending as needed. Provide accurate, timely, and complete credit information to all internal bank functions, correspondent banks, and businesses. The incumbent is jointly accountable for monitoring lenders in the Uniform Application of Credit and adherence to Arvest Bank Group Loan Policy and Procedures.
We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
- Provide direction, oversight and leadership for the commercial lending operations functions of the bank including compliance with all federal and state regulations and Bank policies, assisting staff with structuring and underwriting credits, maintenance of overall credit quality, and preparation of reports for Loan Committee(s) and Board of Directors .
- Ensure department goal setting aligns with long-term Arvest strategies. In conjunction with the Loan Manger, establish plans, processes and departmental strategies needed to meet those objectives.
- Manage the credit department. Promote and emphasize in depth credit analysis of larger commercial loans.
- Advise lenders and analysts on policies and procedures. Provide training and development of credit staff including Credit Analysts , Commercial Lenders and Loan Assistants as needed.
- Oversee the quality of loan packages. Analyze and measure the effectiveness of credit metrics and alignment with Key Performance indicators (KPI).
- Coordinate annual reviews with the Loan Review department and assist with documentation requested by external auditors and regulators when needed. May assist the Loan Manager with written responses required for annual reviews.
- Take a leadership role in the research of major loan-related frauds involving customers, third parties, or associates.
- Oversee the analyzing and identification of potential CRA loans and coordinate with Group Compliance to determine eligibility.
- Monitor efforts to assure compliance with lending-related laws and regulations . Recommend changes to Bank policies to ensure consistency with changing market conditions and current Bank practices.
- Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.
May directly supervise one or more fulltime equivalents. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Ensure direct reports have completed required compliance training and are adhering to all internal procedures and controls as it relates to bank policy, laws, regulations and Arvest’s BSA/AML Program. Responsibilities include interviewing, hiring, appraising performance, rewarding, and disciplining associates. The incumbent has the authority and the appropriate influence to make recommendations regarding hiring, firing, advancement, promotion, or any other change of status of other associates within the guidelines of the bank’s procedures and guidelines for such change of status events. The incumbent provides training, planning, assigning, and directing work assignments and schedules; addressing complaints and resolving problems.
Responsibilities:
QUALIFICATION REQUIREMENTS:
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
EDUCATION and/or EXPERIENCE:
- Bachelor’s Degree preferably in Accounting, Finance or Business, or equivalent finance, accounting or lending experience required. Relevant military experience is considered for veterans and transitioning service members required.
- 8 years related experience with an emphasis on financial statement analysis to include 5 years of commercial loan underwriting required.
- Previous Management experience preferred.
- Lending schools or graduate banking school preferred.
The work environment characteristics described here are representative of those an associate encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
Grade 18
Pay Range: $120000 - $150000 per year
Salary : $120,000 - $150,000
