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Thrivent · 2 days ago

Thrivent Bank Chief Credit Officer

Salt Lake City, UT

Full-time

Onsite

Director/Executive

$154K/yr - $208K/yr

10+ years exp

Thrivent is a financial services organization committed to helping people thrive with purpose. The Chief Credit Officer is responsible for overseeing the Bank’s lending portfolio, ensuring adherence to policies and regulations, and managing the credit risk associated with loans.

FinanceFinancial ExchangesFinancial ServicesInsurance

H1B Sponsor Likely

Responsibilities

The position of Chief Credit Officer is responsible for the supervision of multiple employees and carries out supervisory responsibilities in accordance with the Bank’s policies and applicable laws

Reinforces the application of superior customer service through his or her own example along with appropriate follow through with involved customers and employees; conducts specific periodic meetings and presentations on this topic with all staff members

Works with the CFO to maintain the monthly allowance for credit losses (“ACL”) and makes recommendations to executive management and the Asset and Liability Committee for the amount to be added/deducted to/from the loan reserve; reserve maintenance includes analyzing local, regional, and national economic conditions; loan losses and trends; and loan product concentrations

Reviews and large and complex loans prior to their submission to Credit Risk Sub Committee; reviews consist of making recommendations on loan structure, terms, and pricing so as not to expose the Bank to undue credit risk

Prepares and distributes credit information covering loan quality trends, growth trends, loan product concentrations; works closely with appropriate Bank personnel in reviewing such topics as local real estate data and assessing the impact on the Bank’s loan portfolio

Supports the Bank’s CRA program in coordination with the Chief Compliance & CRA Officer

Supervises the Bank’s special assets area in curing weak credits, collection of such credits, or the movement of such undesirable credits; assists in the compilation of loan status reports and implementing respective loan action plans; prepares a report on the status of the Bank’s special assets for submittal to appropriate committees for review

Prepares and discusses loan information submitted to committees for approval; loan information is defined as the maintenance of the ACL in coordination with the CFO, graded loan reports, and other loan quality information and trends

Prepares, reviews, and modifies when necessary, lending policies and procedures which enable the Bank to perform in a businesslike manner, but not expose it to undue risk

Attempts to ensure that individual loans are risk rated correctly when reviewing loans for committee submission

Consistently applies good decision-making techniques pertaining to inquiries, approvals, and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development

Develops and maintains knowledge of financial industry, economy, market conditions, rates, vendors and competition

Monitors staff in daily tasks, operations and quality control; ensures the organization of assigned areas of the department, coordinating available resources (e.g., staff, materials, etc.) for maximum results

Consistently applies superior decision-making techniques pertaining to inquiries, approvals and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development

Assumes responsibility for special projects; gathers data and prepares reports for committees, members of Senior Management, audits and other personnel

Plays a positive role in the development and growth of assigned department staff through excellent communication skills, both verbal and written, along with strong delegation skills assuring a highly cross-trained staff

Processes, solves and answers complex customer transactions, problems or inquiries

Effectively utilizes technological systems to properly manage the credit administration functions and resolve problems within given authority

Assumes responsibility for various department functions in the absence of staff members or in overload situations

Follows policies and procedures; completes administrative tasks correctly and on time; supports the Bank’s goals and values; benefits the bank through outside activities

Report the Bank’s credit profile, strategy, risks, and opportunities to the Board of Directors or Board delegated committee

Ensure compliance with applicable state and federal regulations

Recruits, develops, and sustains a high-performing team while promoting a culture of shared accountability, operational excellence, and partnership across the organization

Supports and/or develops an environment in which Thrivent employees and colleagues are focused on continuous improvement, exceptional employee engagement, and an unwavering commitment to our clients. Shapes and/or supports a culture that represents the Thrivent purpose, promise and values, ensuring that Thrivent’s trust and reputation remain strong with its clients

Qualification

Credit risk managementLoan underwritingFinancial analysisLending policiesRegulatory complianceRisk adjusted return modelingBusiness developmentTeam leadershipCommunication skillsOrganizational skillsProblem-solving

Required

A minimum of 10 years of experience in a progressively senior credit role

At least 5 years of experience as a lending officer responsible for managing workflows, developing business, underwriting credit requests (both consumer and commercial), collection past due loans and presenting loan requests to a credit/loan committee

Related experience and/or training; or the equivalent combination of education and experience

Work related experience should consist of a financial analyzing or lending background

Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related

Experience modeling risk adjusted return via pricing models as part of approval processes

Mastered experience, knowledge and training in financial statement and tax return analysis typically resulting from a combination of education in accounting, financial and/or credit analysis or related areas

Mastered experience, knowledge and training in all lending activities and terminology

Mastered knowledge of commercial, construction, real estate and consumer loan processing

Mastered knowledge of related state and federal lending and compliance regulations, and other Bank lending policies

Ability to develop marketing and business development skills with customers

Excellent organizational and time management skills with the ability to provide leadership, supervision and training for multiple employees using positive supervisory techniques to ensure maximum productivity; demonstrated ability in organization and delegation skills

Exceptional verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, read, analyze and interpret documents and professional journals, understand procedures, write reports, correspondence and procedures, speak clearly to customers and employees

Thorough understanding of management procedures; ability to plan department or Bank activities (setting objectives, developing strategies, budgeting, and developing policies and procedures); initiative to organize various functions necessary to accomplish department or Bank activities; effectively staff (selecting, training and developing employees); directing employees towards the desired objectives (delegating, motivating, resolving problems); controlling the function (developing performance standards, measuring results, taking corrective action and rewarding employees as appropriate)

Ability to deal with complex problems involving multiple facets and variables in non-standardized situations

Ability to professionally conduct oneself with telephone, email, and written correspondence with customers and/or co-workers

Preferred

Master's Degree preferred or equivalent advance education

Benefits

Various bonuses (including, for example, annual or long-term incentives)

Medical, dental, and vision insurance

Health savings account

Flexible spending account

401k

Pension

Life and accidental death and dismemberment insurance

Disability insurance

Supplemental protection insurance

20 days of Paid Time Off each year

Sick and Safe Time

10 paid company holidays

Volunteer Time Off

Paid parental leave

EAP

Well-being benefits

Other employee benefits

Company

Thrivent

Glassdoor3.7

Thrivent is a financial services organization that helps Christians be wise with money and live generously.

Founded in 1902

Minneapolis, Minnesota, USA

5001-10000 employees

https://www.thrivent.com

H1B Sponsorship

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2025 (10)

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2023 (15)

2022 (6)

2021 (2)

2020 (2)