Credit Officer

DEPARTMENT: Credit

SEATED AT: Spring Mills

REPORTS TO: SVP/Chief Credit Officer

The Credit Officer is responsible for the overall management of the Bank’s Credit Administration and Collection Department.

Who We Want:

Champion of Growth –

• Embrace CNB Bank’s culture of learning and of prudent and profitable growth
• Participate in the Bank’s development of collection policies and procedures for foreclosure, credit for payment of delinquent accounts, and other default procedures
• Strong knowledge of credit administration and collection policies

Industry Expert –

• Oversee and evaluate credit and collection policies and procedures to maintain quality control and minimize losses
• Maintain effective relationships with potential purchasers, title and escrow companies, receivers, property management firms, and other related vendors
• Complete ratio, trend, and cash flow analysis and create projections

Analytical Thinker

• Ability to prioritize tasks and delegate them when appropriate
• Strong leadership skills and attention to detail
• Thorough knowledge of credit policies and credit risks

What You'll Do:

• Oversee the review and interpretation of new and pending laws and regulations that potentially affect the Bank’s credit practices
• Oversee and develop the personnel located within the Bank’s Credit Administration and Collection departments.
• Coordinate the development or revision of policies, procedures, and underwriting to ensure compliance with the regulatory process. Ensure that deviations from the policy are monitored and reported
• Review credit presentations to ensure the adequacy of underwriting. Determines if credits meet sound underwriting standards and do not pose a greater-than-normal risk
• Manage troubled and non-performing assets
• Provide advice and guidance to the Bank’s lending management. Consult with the senior lending department managers as to risk on complex or unusual loan relationships
• Act as the principal liaison between the company and regulatory agencies to ensure compliance with banking legislation
• Approve subordinate personnel collection activities regarding workouts of loan payments on delinquent accounts, assisting in procedures when necessary
• Direct collection of delinquent accounts determined to be unresolvable, ensuring that all proper documentation is accounted for, and all data are properly entered
• Work with other departments within the financial institution regarding litigation and foreclosure activities
• Oversee foreclosed properties for proper management and regular inspections, as well as tax and insurance payments
• Oversee the analysis of properties and their corresponding markets to determine and recommend appropriate disposition strategies, book values, and charge-offs in conformance with Bank policies and procedures and regulatory requirement
• Review allowance for loan and lease loss analysis and makes recommendations regarding provision expense and adequacy of the ALLL account
• Develop, implement, and monitor service standards and operational efficiencies.
• Maintain a tracking system for documented exceptions
• Embrace CNB Bank’s Core Values at all times

What You Get:

• Competitive pay
• Opportunity to work closely with the Senior Leadership Team
• Excellent benefits package, including 20 days of annual Paid Time Off (PTO). Eligible for medical, dental, and vision insurance (single and family) after 60 days of full-time employment. Insurance plans are HSA and FSA-compatible. CNB offers a 401(k) plan with an employer match available after 60 days of full-time employment. Eligible for life insurance, AD&D, and long-term disability after 90 days of full-time employment
• Paid national holidays that follow the Federal Reserve schedule

• Bachelor’s degree in Accounting, Economics, Finance, Statistics, Mathematics or similar industry required
• Strong leadership skills
• Strong communication and presentation skills
• Proficient in database and accounting computer application systems

EOE, including disability/vets