Director, Loan Administration

The Director, Loan Administration, is responsible for the staff, processes, and output of the credit team, including credit analysis and underwriters.

What You Will Do

• Manage workflow and priorities of Credit team. Determine and assign work assignments to Credit Analysts and Credit Underwriters based on experience, availability, and portfolio complexity and size.
• Provides technical guidance to and reviews the work of Credit Analysts and Credit Underwriters. Guides and assists the Credit Analysts and Credit Underwriters in research, credit structuring, financial analysis, etc. for complex accounts.
• Responds to questions or inquiries from internal and external clients concerning credit policies, procedures, structuring, etc. before it is elevated, to the Credit Administrator.
• Manage and monitor performance, give on-going performance feedback and participate in conducting effective performance appraisals. Train, coach, counsel, and provide direction and guidance to staff.
• Develop and motivate team members; identifies staff development needs and provides educational/training opportunities.
• Quality management by developing and maintaining appropriate quality controls related to the financial products the bank provides, the services the bank delivers, the processes employed and the incentives with which colleagues are awarded.
• Assist the Credit Administrator in departmental reporting of past dues, portfolio reviews, etc.
• Lead balanced and appropriate credit guidance on Portfolio Management tasks and collaborates in determining appropriate credit strategy. Act in accordance with Bank' credit culture and strategies.
• Provide guidance and input when loan pricing does not appear to reflect inherent risk in subject transaction.
• Manage the financial analysis and preparation of the Credit Memo ("CM"). This includes ensuring that the CM contains a well-supported recommendation or decision; the risk rating is correct and supported; and the data and analytics used to support the decision are accurate and calculated correctly.
• Collaborate with team members by providing credit alternatives and creative ways to structure credits ensuring that transactions are within profitability and portfolio risk standards. Review and approve credit approval memorandum.
• Examine quarterly and annual financial review of client's financial condition including monitoring covenants and conditions. Communicate and discuss findings with the Credit Analysts, Credit Underwriters, Loan Officer and the Executive Team, where necessary.
• Maintains up-to-date knowledge on all Bank lending policies and regulations. Confer with the Manager and appropriate Bank personnel regarding new/existing lending requirements and regulations.
• Other duties, as assigned, including work on portfolio related special projects and reporting including amendments and/or changes to Credit Policy which are based on practical observations.
  
  

Specifications

• Bachelor's degree in business administration, Finance, or a related field or equivalent experience.
• 5 years of experience in underwriting large and complex commercial credit and corporate loans, which includes analyzing, interpreting, and evaluating financial statements, cash flow analysis, financial projections, familiarity with various industries, collateral issues and values, loan structuring and guarantor personal financial statements and tax returns.
• 3 plus years of management or supervisory experience.
• Highly knowledgeable in corporate credit policies and procedures.
• Strong credit analysis, portfolio management and accounting skills with the ability to communicate skillfully and effectively in both verbal/written forms.
• Good organizational skills.
• Ability to assume responsibility and accountability for decision making.
• Ability to work well independently and in teams and interact effectively with all levels of Bank personnel and outside contacts.
  
  

We are an Equal Opportunity Employer. We do not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.

Job Posted by ApplicantPro