AVP, Commercial Credit Officer

Division : Risk Management

Department : Credit

Reports to : SVP, Deputy Chief Credit Officer, SVP, Comm Credit Director, Comm Real Estate or FVP, Credit Manager, Asset Based Lending

Status : Exempt / Officer

Grade : 10

Salary Range : $55,588 - $118,103

Actual compensation within the pay range will be decided based on factors including, but not limited to, skills, prior relevant experience, and specific work location.

Location : Hybrid - Burlington, MA - One Van de Graaff Dr

Purpose / Objective :

Perform financial analysis and prepare underwriting documents to support and make recommendations for complex multimillion-dollar commercial credit requests. The Credit Officer provides support for the deal team in analysis, underwriting, structuring, approval, and documentation. In addition, the Credit Officer is responsible for financial modeling and ROE analysis and assists in the preparation of ORC Memos.

Key Accountabilities :

• Accountable for underwriting all business opportunities.
• Communicates and maintains active dialogue with both the Relationship Manager and Client.
• Recommends capital structure and accumulates all data necessary to perform focused analysis. Also, manages approvals for amendments and waivers to credit facilities.
• Reviews financial statements, projection models and all other relevant financial and non- financial data to develop a concise focused analytical foundation for a credit decision.
• Prepares thorough credit underwriting identifying industry concerns, market share trends, financial trends, and other pertinent underwriting issues to present to the approving Credit Officer or Loan Committee.
• Ensures underwriting and structuring decisions reflect commitment to strong asset quality.
• Assist the Relationship Manager in obtaining and negotiating necessary documentation, including the Term Sheet, Commitment Letter and assures that the documentation correctly reflects rates, terms, and special conditions.
• Prepares analysis and write-ups for amendments, consents, and waivers to existing credit documentation.
• Conducts periodic site visits with the Relationship Manager to assess management and business conditions.
• Attends bank meetings when applicable.
• Monitors the financial performance of portfolio companies to include ongoing covenant compliance and annual reviews.
• Ensure risk rating accuracy and compliance with Credit Policy
• Mentors the Credit Underwriters and Associates.
• Assumes additional responsibilities and duties as directed by the Regional Credit Officer to ensure that underwriting objectives throughout the bank are met. May manage the distribution and taking of minutes for Executive Loan Committee.
• Assists in department objectives by determining to extend credit to complex commercial relationships. In addition, provides analysis and recommendation to conduct business with specific participation banks and vendors.
• Coordinates with both the Relationship and Portfolio Managers in making recommendations regarding the extension of credit to new and existing commercial clients. In addition, works closely with Relationship and Portfolio Managers in making recommendations on business relationships with commercial clients.
• Exercise loan authority within established limits. Loan authority will be based on experience level and size and scope of assigned credit portfolio and will also vary based on type of credit request.
• Ensures compliance with all banking laws, rules, regulations, and prescribed policies / practices / procedures necessary to reduce risk and uphold ethical standards related to and required by one's duties.

Education :

Experience :

Skills & Knowledge :

Berkshire Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or national origin.

Equal Opportunity Employer Minorities / Women / Protected Veterans / Disabled

Salary : $55,588 - $118,103