CHIEF CREDIT OFFICER

Summit State Bank is a Community Bank whose core values are based on making a positive impact on our employees, customers, and community. We are an award-winning bank with consistently strong financials, and we are growing. Our employees are important to us, we provide rewarding career paths with competitive pay and excellent benefits. If you want to work for a Community Bank that values you and your contributions, we encourage you to apply.

A regular winner of the North Bay Business Journal’s Best Places to Work award, we encourage and reward hard work, initiative, drive and results. We value our team, and encourage a commitment to:

• Providing the best customer service experience
• Community service
• Lifelong learning
• Generating and presenting new ideas
• An unyielding drive for excellence in performance

Summit State Bank is seeking a Chief Credit Officer/EVP. This is a Senior Executive position which requires regular participation in and involvement in working closely with all members of the executive team, the Board of Directors, Committees, regulators, and individuals at all levels within the Bank. This position is responsible for all aspects of credit management, including portfolio origination, collection, regulatory compliance, and credit policy. The incumbent assumes responsibility and is accountable for adherence to bank policies and procedure while managing the direction and administration of all aspects of the Bank’s loan functions with the exception of business development.

General:

• Oversees and ensures overall quality of loan portfolio, approves large and complex loans and recovers assets.
• Recommends the Allowance for Credit Losses based on quarterly inputs to the CECL model.
• Prepares credit presentations as required.
• Approves credit commitment under own authority.
• Is a contributing member of the Asset/Liability committee.
• Supervises the analysis and evaluation of potential lending markets.
• Directs the implementation of programs for individual markets to achieve desired Bank objectives, analyzes credits and recommends approval or decline.
• Performs daily supervisory duties of department staff.
• Directs the Bank’s lending activities where indicated by Credit Policy.
• Keeps informed and up-to-date on trends and developments with the financial lending industry.
• Continuously appraises the Bank’s underwriting policies and practices; recommends modifications as required by changing market conditions; monitors regulatory changes and implements policies changes.
• Improves the overall lending operation efficiency within Bank by introducing new techniques and utilizing past experience and industry contacts.
• Establishes and maintains positive working relationships with various lending clients, brokers, dealers, builders, corporate and individual business managers, attorneys, and other key individuals and groups.
• Recommend plans for future loan operations expansion, space requirements, staffing and portfolio liquidity.
• Anticipates the direction, strength and needs of the commercial, consumer and real estate markets.
• Manages the activity for sale of Real Estate Owned (REO) transactions on behalf of the Bank and participates in all Community Reinvestment Act (CRA) activities.

The strong candidate will have a Bachelor’s degree or equivalent with over 7 years of job-related experience or an equivalent combination of education and experience. An MBA or CPA is preferred, and management accounting and investment training required. Candidates with previous banking and management experience will be given priority.

Summit State Bank offers a generous benefits package that supports employee needs. Benefits offered include Medical, Dental, Vision, Chiropractic and Acupuncture, a monthly Wellness stipend, FSA, Life, AD&D & LTD coverage, employer HSA contributions of up to $4,000 annually, 401(k) with employer-matching contributions of up to 5% of eligible compensation, tuition reimbursement, wellness resources, internal mentorship programs and paid volunteer time off.

All applicants should apply on our website: https://www.summitstatebank.com/careers.php.

Summit State Bank is an Equal Opportunity/Affirmative Action Employer and provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

Salary : $4,000