What are the responsibilities and job description for the Senior Credit Officer II- Dallas position at Veritex Community Bank?
Job Summary
The Senior Credit Officer is responsible for the overall quality of the Bank’s loan portfolio and protecting the capital position of the Bank by ensuring that key credit issues and risk exposures are thoroughly analyzed and effectively presented, the credit decisions are acceptable and the structures appropriately mitigate the Bank’s risk exposure, the credit actions adhere to Credit Policy as well as, all applicable state and federal banking regulations and the assigned Risk Ratings are accurate and justified.
The SCO reports to the Chief Credit Officer and may be called upon to advise the Bankers in the underwriting, structuring and negotiating of transactions and to provide guidance for prompt corrective action on past due loans, problem loans, non-accruals and charge-offs. The SCO is expected to provide expertise in the area of business finance and all of the various products and services associated therewith using a demonstrated proficiency and knowledge of credit policies, regulatory requirements, analysis, and credit structure.
Responsibilities And Duties
Truth in Texas Banking. That’s what we’re about. Founded in 2010, we are one of the ten largest banks headquartered in the state of Texas. We became a publicly traded company in 2014 and in 2020 and 2021 we were listed on Fortune’s 100 Fastest Growing Companies. Headquartered in Dallas, Texas, we’ve built a bank forever rooted in truth, transparency, and uncompromising integrity.
We Know Our Strongest Asset Is The Passion, Authenticity, And Talent Of Our People. We Focus On The Growth And Development Of Each Team Member To Unlock Potential To “Be Your True Self.” Our “True You” Culture Is Made Up Of Five Pillars
Veritex Community Bank does not accept unsolicited resumes from recruiters or employment agencies. Veritex Community Bank is under no obligation to pay any referral compensation or recruiter fee in the absence of a current executed Recruitment Services Agreement. In the event a recruiter or agency submits an unsolicited resume or candidate without an agreement, Veritex reserves the right to pursue and hire those candidate(s) without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted to hiring managers, shall be deemed the property of Veritex Community Bank.
If your agency would like to be considered as a potential future recruiting partner, please leave your contact information at Recruiting@VeritexBank.com .
Work environment and Physical demands: The employee may occasionally lift and/or move up to 25 pounds. The employee may occasionally stand, walk, reach, climb, balance, stoop, kneel, crouch, or crawl. The work environment and physical demands are those of a standard office setting. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.
Disclaimer: This job description is not an inclusive list of all duties and responsibilities of the position. Incumbents will be required to follow any other job- related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. Veritex Bank reserves the right to amend and change responsibilities to meet business and organizational needs.
This document does not create an employment contract, implied or otherwise, other than an "at will" relationship. Veritex Community Bank is an equal opportunity employer. Veritex Community Bank Corporate Human Resources, Dallas, Texas.
We are committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, sexual orientation, marital status, or any other legally recognized protected basis under federal, state or local laws, regulations or ordinances. The information collected by this application is solely to determine suitability for employment, verify identity and maintain employment statistics on applicants.
Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on the Company. Please inform the Company’s personnel representative if you need assistance completing any forms or to otherwise participate in the application process.
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The Senior Credit Officer is responsible for the overall quality of the Bank’s loan portfolio and protecting the capital position of the Bank by ensuring that key credit issues and risk exposures are thoroughly analyzed and effectively presented, the credit decisions are acceptable and the structures appropriately mitigate the Bank’s risk exposure, the credit actions adhere to Credit Policy as well as, all applicable state and federal banking regulations and the assigned Risk Ratings are accurate and justified.
The SCO reports to the Chief Credit Officer and may be called upon to advise the Bankers in the underwriting, structuring and negotiating of transactions and to provide guidance for prompt corrective action on past due loans, problem loans, non-accruals and charge-offs. The SCO is expected to provide expertise in the area of business finance and all of the various products and services associated therewith using a demonstrated proficiency and knowledge of credit policies, regulatory requirements, analysis, and credit structure.
Responsibilities And Duties
- Partner with Special Assets Relationship Managers and Real Estate, Specialty, Middle Market and Community Bankers, and Underwriters to provide recommendations and approvals on workout strategies, credit structure and related risk considerations.
- Negotiates, where necessary, terms under which credit will be extended, including the repayment term, covenants and collateral requirements.
- Ensure all due diligence and background evaluation is complete before credit approval is granted.
- Ensure the effective administration of the corporate loan policies, programs, objectives and goals as they pertain to the Bank.
- Oversee documentation of loans to ensure complete loan files are maintained; works with the Bank’s Bankers, underwriting and monitoring teams as needed.
- Monitor and manage loan portfolio quality metrics.
- Ensure the integrity of credit process, credit approval documentation and compliance with applicable laws and regulations.
- Establish and nurture a conservative, proactive, and uniform credit culture.
- Ensure policy compliance requirements are met.
- Assesses risk ratings of loans at approval, and on an ongoing basis
- Assure the integrity of individual credits approved as well as the assigned portfolios.
- Accompanies Bankers on client visits or real estate site inspections, when needed.
- Work with Bankers to identify and manage problem loans, work with Special Assets Relationship Managers and/or Bank attorneys as needed.
- Bachelor’s degree required, preferably in Finance, Accounting, or Economics; MBA preferred.
- A minimum of ten to fifteen years’ experience in a credit approval or related role with at least 15 years of experience overall in Commercial Banking; other relevant experience will be considered.
- Strong experience in Commercial Real Estate and workouts is desirable.
- Broad experience including C&I, Real Estate, Professional & Executive, SBA, small business and consumer lending preferred.
- A high level of interpersonal skills to communicate policies, procedures and objectives effectively throughout the Bank and to cultivate working relationships with bankers and clients.
- A high level of analytical skill to assess and manage areas of responsibility, including determination of credit risk involved and making final approval decisions.
- Proficient with Excel and Microsoft Word.
- Strong written and verbal communications skills.
- Understanding of all Bank products and services.
- Thorough knowledge of commercial loans, principles, policies, and practices.
- Thorough knowledge of financial statement analysis.
- Knowledge of current lending laws and regulations.
Truth in Texas Banking. That’s what we’re about. Founded in 2010, we are one of the ten largest banks headquartered in the state of Texas. We became a publicly traded company in 2014 and in 2020 and 2021 we were listed on Fortune’s 100 Fastest Growing Companies. Headquartered in Dallas, Texas, we’ve built a bank forever rooted in truth, transparency, and uncompromising integrity.
We Know Our Strongest Asset Is The Passion, Authenticity, And Talent Of Our People. We Focus On The Growth And Development Of Each Team Member To Unlock Potential To “Be Your True Self.” Our “True You” Culture Is Made Up Of Five Pillars
- Be Mindful
- Be Healthy
- Be Better
- Be Prosperous
- Be Faithful
Veritex Community Bank does not accept unsolicited resumes from recruiters or employment agencies. Veritex Community Bank is under no obligation to pay any referral compensation or recruiter fee in the absence of a current executed Recruitment Services Agreement. In the event a recruiter or agency submits an unsolicited resume or candidate without an agreement, Veritex reserves the right to pursue and hire those candidate(s) without any financial obligation to the recruiter or agency. Any unsolicited resumes, including those submitted to hiring managers, shall be deemed the property of Veritex Community Bank.
If your agency would like to be considered as a potential future recruiting partner, please leave your contact information at Recruiting@VeritexBank.com .
Work environment and Physical demands: The employee may occasionally lift and/or move up to 25 pounds. The employee may occasionally stand, walk, reach, climb, balance, stoop, kneel, crouch, or crawl. The work environment and physical demands are those of a standard office setting. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of the job.
Disclaimer: This job description is not an inclusive list of all duties and responsibilities of the position. Incumbents will be required to follow any other job- related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. Veritex Bank reserves the right to amend and change responsibilities to meet business and organizational needs.
This document does not create an employment contract, implied or otherwise, other than an "at will" relationship. Veritex Community Bank is an equal opportunity employer. Veritex Community Bank Corporate Human Resources, Dallas, Texas.
We are committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, sexual orientation, marital status, or any other legally recognized protected basis under federal, state or local laws, regulations or ordinances. The information collected by this application is solely to determine suitability for employment, verify identity and maintain employment statistics on applicants.
Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on the Company. Please inform the Company’s personnel representative if you need assistance completing any forms or to otherwise participate in the application process.
Apply Now
