AVP Credit Origination Underwriting

Job Description

Summary: Manages credit analysts. Assists management in making informed credit decisions regarding existing and potential borrowers. Assists Senior Vice President in overseeing the division involving day to day operations, special projects, staff training and other duties as delegated. Responsible for the preparation and presentation of commercial credit requests.

Essential Duties And Responsibilities

• Completes peer review of loan presentations for department credit analysts.
• Trains new Credit Analysts and/or coordinates with appropriate staff to ensure proper training has taken place.
• Reviews department procedures and makes recommendations for updates.
• Weekly coordination of Management Credit Committee (MCC) agenda items from the department.
• Assists when needed to resolve issues. Acts as liaison to coordinate issues for discussion with management and helps to resolve issues when applicable.
• Maintains oversight of pipeline reporting.
• Attends weekly pipeline meetings.
• Maintains oversight of Special Projects as assigned by Senior Management.
• Performs commercial credit analysis by reviewing items including, but not limited to credit reports, personal and business financial statements and tax returns, appraisals, property inspections and environmental reports to complete loan presentations for approval consideration by the appropriate approval authority.
• Performs and completes a collateral analysis of all collateral assets including but not limited to accounts receivables, inventory, equipment and real estate. Analysis should include a credit classification of the companys customer base, a detail credit profile of the companys largest customers and delinquent accounts, aging analysis, delinquencies, collections and charge offs. Inventory analysis should include inventory in days and an examination of stale inventory, spoilage, depletion and inventory valuations. Equipment analysis should include a comparison of market value to book value and an assessment of net orderly liquidation values. Real estate collateral analysis should include examination of appraisal and address special and single purpose use facilities and alternative uses.
• Prepares and analyzes spreads of a companys financial statements to determine overall credit strengths and weakness of potential commercial credit customers. Analysis includes, but is not limited to debt-service ratio, current assets ratio, leverage ratios, cash flow analysis, fixed charge coverage and acid test ratio.
• Contacts the customer or customers representative to obtain additional information or explanation detail throughout the underwriting process while coordinating with the Commercial Banker.
• Completes detailed trend analysis and maintains clear understanding of corporate structures.
• Identifies various business, industry and market risksand clearly communicate mitigants.
• Understands and applies appropriate sector analysis to compare company to its appropriate peer group.
• Understands various economic theories and apply to the company to decipher overall growth potential.
• Evaluates different loan solutions for loans that do not fit approved Product Loan Parameters and determines options.
• Orders underwriting items including, but not limited to audit, TLJ and UCC searches, appraisal, environmental, flood certification, and property inspections from both internal and external sources.
• Verifies invoice payments between Vendors and Commercial Department Staff before submitting invoice to Accounts Payable for payment.
• Processes LIP transactions and approves final funding reconciliation in Vendor Services.
• Records and maintains external vendor order costs in Vendor Services.
  
  

Travel

The associate may be required to travel to and from other Bank locations and outside Bank activities as needed. The associate may be reimbursed for mileage according to the Banks Accounting Policy, Exhibit G: Travel and Miscellaneous Expense Reimbursement Policy.

BankFinancial is an Equal Opportunity Employer (minorities/females/veterans/individuals with disabilities/sexual orientation/gender identity)

Education/Experience

Required Experience:

• Bachelor's degree (B.S.) from four-year college or university preferably in Finance or Accounting, at least 5 years relevant commercial credit experience including asset based revolving lines of credit, or equivalent combination of education and experience.
• Good customer service and organizational skills
• Self-starter and team player
  
  

Computer Skills

Must be proficient in Microsoft Word, Microsoft Excel, Outlook, financial statement software, spreadsheets, internet software, database software, CRM.

Benefits

At BankFinancial we believe great employees deserve great benefits. The best part is you can pick and choose which benefits are right for you! BankFinancial's benefits for full-time employees include:

Compensation

• Referral incentive program
• Potential for performance-based incentives
  
  

Paid Time Off

• Paid Time Off (PTO) - includes vacation/sick/personal days
• Eleven Paid Holidays
• Bereavement Leave
• Jury Duty Leave
• Employment Anniversary PTO
• Birthday PTO
  
  

Insurance Benefits

• Medical, Dental and Vision Insurance
• Critical Illness and Accident Insurance
• Hospital Indemnity Insurance
• Basic Life/AD&D and Voluntary Life/AD&D Insurance
• Short-Term and Long-Term Disability Insurance
• Health Savings Account
• Flexible Spending Account
• Employee Assistance Program
  
  

Retirement Savings

• 401(k) with a discretionary match
  
  

Tuition Assistance

• Tuition Reimbursement Program
  
  

Keyword: Peer Review, Credit Analyst Management, Departmental Procedure Updates, Pipeline Reporting, LIP Transactions