What are the responsibilities and job description for the AVP, Credit Manager position at Conventus?
CONVENTUS MISSION AND VISION
Conventus Holdings Corporation was envisioned and created to reduce the number of economic intermediaries involved in the origination, funding and investment in the $25 billion real estate bridge loan marketplace. True to the Latin origin of the company’s name, “to bring together,” CHC existence and strength is anchored to a business model that removes unnecessary economic intermediates so that it can provide superior pricing and service to its clients. Our competitive edge in executing our mission is assembling, nurturing, and developing a collaborative group of talented individuals. To that end, diversity of experiences, perspectives, skills, and cultures is core to our mission and team.
LOCATION : San Francisco, CA
Required 4 days per week in the office (Mon-Thurs). Please do not apply if this does not align with you.
Position Summary
We are seeking a detail-oriented and highly organized AVP, Credit to join the Company’s Credit team. The AVP will work closely with Credit Analysts, Sales, and Operations to review and approve loan opportunities during the origination process, in addition to reviewing loans of higher complexity to submit for approval. Additionally, they will collaborate with Capital Markets to address credit requests from counterparties and articulate the Company’s credit decision on loans. The AVP will further work to mitigate risk within the organization by identifying areas of potential process improvement and escalate identified risk with senior management.
RESPONSIBILITIES
- Review and approve loan submissions from Credit Analysts, escalating identified risks as necessary. Recommend loan restructuring, when needed.
- Proactively identify key risks and take action to mitigate them, ensuring Conventus’ strong loan performance.
- Review and approve loan-level credit exceptions, while understanding credit risks and identifying potential mitigants.
- Conduct comprehensive risk assessments to evaluate the creditworthiness of borrowers as part of the loan decision-making process, including but not limited to : Conducting internal valuations of residential property types, including SFRs, condos, TICs, land, and multifamily properties
- Reviewing construction budgets in relation to Credit review, collaborating with the Construction team
- Assessing project complexity relative to the borrower’s experience
- Evaluating loan-level leverage appropriateness based on the borrower, project, and location
- Analyzing the borrower’s historical performance and repayment capacity
- Reviewing the borrower’s documented financial standing
- Review larger and more complex loans for submission to the Head of Credit or Managing Director, Capital and Credit, for approval.
- Proactively manage the credit pipeline to identify potential credit issues and recommend solutions to ensure timely funding.
- Complete transaction diligence by reviewing parties involved in the transaction in an effort to prevent fraud.
- Collaborate with Credit Analysts to publish Conventus’ monthly market report, which is distributed internally to the company and borrowers.
- Provide feedback to senior management on guidelines to enhance the company’s existing credit policies and procedures.
- Train junior team members on valuation and handling more complex credit exceptions.
- Ensure data accuracy and that all loan documentation is complete and supports credit decisions.
- Collaborate cross-functionally with Capital Markets and other departments on credit-related matters.
QUALIFICATIONS
Mindset and Character
At CHC, we look for future employees who demonstrate and have the mindset and character of our following 5 core values :
Outperform :
Diligence :
Responsiveness :
Communication :
Delight the Customer :
CONVENTUS BENEFITS
Department : Credit
Salary Range : $120,000-$150,000
Salary : $120,000 - $150,000
