Self-Help Credit Union · 4 months ago
Senior Credit Officer
NC-Durham-301 W Main
Full-time
Onsite
Mid, Senior Level
$111K/yr - $156K/yr
7+ years expSelf-Help Credit Union is dedicated to creating economic justice and opportunity for underserved communities. They are seeking a Senior Credit Officer to support their national Commercial Lending Team by providing expertise in underwriting, transaction structuring, and credit analysis, while also supervising and training less-experienced Credit Officers.
Banking
Responsibilities
Advise and work with loan officers to analyze and structure loans that will advance self-help’s mission and conform to our credit standards
Provide critical, objective review of loan officer’s credit memorandum and detailed analysis of financial information, viability of repayment sources, appropriate loan structures, industry background, management capacity, and collateral
Oversee that proposed loans meet self-help’s regulation, policy, and procedures and are consistent with cl practices and serve as the authority on and resource to teammates for the origination of loans that meet cl’s standards and general credit prudence
Approve credit applications, transactions, exceptions, and other extensions of credit within credit approval authority or prepare loan officers for presentation of credit proposals to self-help’s credit committee per regulation, policy, and procedure
Participate as a voter in credit committee
Manage, advise and participate in loan closings in coordination with due diligence team, guiding key processes forward and ensuring documentation collection and compliance with closing conditions
Review critical reports and structuring remedies in response (e.g., property condition assessments, appraisals, contracts, etc.)
Review and approve monthly construction disbursement as applicable
Partner with loan officers collaborating with the portfolio management team on risk assessment of troubled loans, including loan modifications
Directly supervise and manage other credit officers
Regularly serve as lead co on teams with less experienced cos or los in order to provide hands-on training
Work with direct reports to set individual goals, track team progress against goals, and provide on-going feedback and coaching
Promote professional growth of direct reports through planned development activities and experiences
Ensures that professional development and coaching is a priority to all team members
Work to create and maintain a collaborative, healthy, and productive work environment
Develop teamwork by building consensus and drawing upon the ideas and suggestions of others and fostering a work environment reflecting mutual respect and trust
Manage the hiring, coaching and assessment of staff performance, providing direct and frequent feedback to staff members, as needed
Assume a leadership role on assigned strategic projects, if appropriate
Actively contribute to strategy development for various sectors in conjunction with business development officers, as needed
Stay informed about industry trends, market conditions, and regulatory changes affecting commercial credit
Perform other duties as may be deemed necessary
Qualification
Required
Bachelor's OR equivalent related experience; Graduate degree in Business, Accounting, Finance, City Planning, Public Policy or Law, or a related field preferred
7 years of related experience in commercial lending, finance or community development OR equivalent related experience
Experience managing staff or team or equivalent experience
Strong commitment to our mission – creating economic opportunity for all
Preference for working in organizations that place priority on teamwork and collaboration
Strong analytical skills including: Strong quantitative/credit analysis skills to provide critical assessment of credit underwriting criteria including financial ratio analysis, repayment ability, loan structuring, management assessment, and collateral risk evaluation, etc. to make sound recommendations
Ability to learn quickly and analyze new industries, consider industry drivers and competitive threats, and develop new contacts to provide in-depth industry knowledge
Ability to write and edit clear and concise credit memos, including translating financial and numerical data into narrative form
Ability to focus on details and key credit drivers within the larger context of the credit request
Strong interpersonal and project management skills including: Ability to manage, train, coach, and develop commercial lending staff with varying degrees of experience
Ability to work effectively in teams and to create partnerships with other Self-Help teams
Ability to communicate clearly and effectively with loan applicants, borrowers, and team members, including setting appropriate expectations and showing strong interpersonal skills
Ability to organize competing priorities and help loan teams set priorities
Strong attention to detail
Proficiency with MS Word and Excel
Ability and willingness to travel and work overtime as needed
Benefits
A generous benefits package
Company
Self-Help Credit Union
Self-Help is a family of nonprofit organizations whose mission is to create and protect ownership and economic opportunity for all.
501-1000 employees
Funding
Current Stage
Late StageTotal Funding
unknownKey Investors
Truist Foundation
2024-02-14Grant
Leadership Team
Marcus Bowen, CFA, CPA
Chief Financial Officer
Kimberly Jones
Vice President, Director of Partnerships & Community Engagement-Midwest
Recent News
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