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Cathay Bank · 3 weeks ago

FVP/SVP, Credit Administrator

El Monte, CA, USA

Full-time

Onsite

Mid, Senior Level

$145K/yr - $250K/yr

7+ years exp

Cathay Bank is a well-established financial institution that values its team members and fosters growth and development. The Credit Administrator will provide guidance and leadership to other Credit Administrators, ensuring credit compliance and evaluating credit for commercial borrowers.

BankingFinanceFinancial Services

H1B Sponsor Likely

Responsibilities

Work closely with Lending Teams including Team Managers and Portfolio Managers to review and evaluate proposed new and renewal extensions of credit for commercial borrowers paying particular attention to the quality and analysis of the credit presented

Approve proposed extensions of credit within authorized loan limits

Develop, through a collaborative effort with account officers, alternative strategies to address unusually complex or difficult lending situations

Prepare transaction summaries for extensions of credit requiring approval by the Bank’s Board of Directors (Credit Committee)

Follow past due loans for ultimate repayment and assist in managing problem loan situations

Update monthly watch list report for assigned portfolio and ensure accurate risk ratings

Work as a resource and mentor to other Credit Administrators. As a mentor, the essential trait/quality expected is the willingness to share experience, impart wisdom and knowledge to others related to a variety of lending/credit/work-related situations

Provide guidance and leadership to new Credit Administrators to ensure they quickly become acclimated to the Bank’s culture and the specific job function

Provide guidance on credit issues including proper structuring, early detection of problem loans to Business Lending Units (i.e. Business Development Officers, Relationship Managers, Portfolio Managers, etc.) and Credit Analysis Department; and provide direction/coaching to enhance the lending staff knowledge of assessing credit risk, with the ultimate goal of protecting the interests of the Bank

Provide ongoing support when required to assist with the documentation of complex loan transactions and/or perform quality control reviews of loan files and/or loan documents

Provide training and mentorship to junior staff within various Lending Teams

Qualification

CRECommercial lendingCredit analysis skillsRegulatory requirements knowledgeProblem loan managementInterpersonal communicationHigh-volume workflow managementDynamic work environment adaptabilityTeam collaboration

Required

College graduate with major in related fields

Minimum 7-10 or more years of CRE and commercial lending experience with at least 5-7 years in a credit approval function with a commercial bank preferred

In-depth knowledge of CRE and commercial lending, with a focus on commercial construction and mortgage finance

Broad knowledge of regulatory requirements and standards applicable to commercial lending, commercial real estate and residential mortgage products

Superior credit analysis skills

Ability to develop strategies to manage problem real estate and commercial loans

Strong interpersonal communication and presentation skills

Demonstrated ability to work in a team-oriented environment and on a collaborative basis

Demonstrated ability to manage high-volume workflow

Desire to work in a dynamic and challenging environment characterized by sometimes changing priorities and short-term deadlines

Preferred

Experience in specialty lending such as oil and gas, or subscription asset-based lending, cash flow lending, trade finance and international banking is a plus

Benefits

Medical insurance

Dental insurance

Vision insurance

Life insurance

Long-term disability insurance

Flexible spending accounts (FSAs)

Health saving account (HSA) with company contributions

Voluntary coverages

401(k)

Company

Cathay Bank

Glassdoor3.1

Cathay Bank is a financial services company originally founded to support Los Angeles’ growing Chinese American community. It is a sub-organization of Cathay General Bancorp.

Founded in 1962

El Monte, California, USA

1001-5000 employees

https://www.cathaybank.com/

H1B Sponsorship

Cathay Bank has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2020 (1)