Seattle Bank · 2 months ago
VP, Credit Administrator
Seattle, WA
Full-time
Onsite
Senior Level, Lead/Staff
$135K/yr - $185K/yr
10+ years expSeattle Bank is a locally owned, digitally driven financial institution that provides personal, business and partner banking services. The Credit Administrator is responsible for overseeing the quality and performance of the Bank’s loan portfolio, managing underwriting processes, and ensuring compliance with loan policies and regulations.
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Responsibilities
Physically attending work on a set and predictable schedule is an essential function of this job
Manage the Bank’s underwriting process with responsibility for ensuring accurate spreading of business and personal financial statements and tax returns, ascertaining the appropriateness of underwriting and analyzing of new loan requests and renewals, and assisting the Chief Credit Officer with monitoring the existing loan portfolio to ensure compliance with all covenants and financial reporting requirements
Manage the preparation of all credit administration reports, to include loan quality risk ratings and trends; concentrations by loan type, industry, and location; policy exception tracking; real estate stress testing; interest rate modeling; loan activity summaries, comparisons to budget, and projections
Approve new loans, renewals, and modifications within delegated lending authority in a manner consistent with Bank policy and sound banking practices
Oversee the Bank’s commercial and residential construction activities; ensure construction draws are accurate and well-supported; review site inspections and progress reports; monitor borrowers and builders for on-time and on-budget performance
Manage the Bank’s real estate appraisal and review process in compliance with all applicable laws, regulations, and Bank policy
Manage the Bank’s special asset portfolio; monitor and resolve under-performing credits; develop and implement action plans for improvement and/or collection; prepare periodic reports for Senior Management and the Board of Directors
Assist as directed in the preparation of the Bank’s quarterly CECL calculations and related reports, including analysis of regional and national economic and real estate market conditions, loan losses and trends, and loan product concentrations
Coordinate the preparation and responses for all internal and external loan reviews, audits and regulatory exams
Ensure risk ratings are correctly assessed and reviewed in a timely manner; recommend upgrades or downgrades as appropriate
Prepare, modify, and review lending policies and procedures as necessary
Assist in the analysis and due diligence for loan purchases
Work with the Commercial Processing team to ensure that borrowers’ loan documents accurately reflect the credit approval conditions and are compliant with all applicable laws, regulations, and Bank policies. Provides final sign-off for release of documents to borrowers or escrow
Participate in various internal committees, special projects and other duties as assigned
Qualification
Required
Bachelor's degree or equivalent from an accredited four-year college or university
10 years related experience and/or training; or the equivalent combination of education and experience
Work-related experience should consist of a financial analysis or credit background, including financial statement and tax return analysis
Prior experience strongly preferred in the areas of credit approval authority, credit administration reporting, CECL calculations, accounting and regulatory audits and reviews, underwriting team management, and problem loan workouts
Experience, knowledge and training in all lending activities and terminology
General knowledge of GAAP and FFIEC accounting and reporting standards
Knowledge of commercial, construction, real estate and consumer loan documentation and processing
Ability to review and analyze complicated real estate appraisals
Knowledge of related state and federal lending and compliance regulations
Excellent organizational and time management skills with the ability to provide leadership, supervision and training for one or more employees
Skills in personal computer operation, word processing and spreadsheet software programs
Exceptional verbal and written and communication skills
Ability to deal with complex problems involving multiple facets and variables in non-standardized situations
Ability to prepare and present accurate and concise reports and forecasts for bank management, board of directors, shareholders, regulators, accountants, and others
Benefits
Medical/Vision, and Dental insurance
Life Insurance, Long Term Disability, Voluntary Life
401K with Bank contribution, Stock Award, and Incentive Opportunity
Paid Time Off:
Vacation – 4 Weeks
Sick Time – 1 hour per 40 hours worked
Holidays – 10 days
Transportation and fitness benefits
And fun, extra perks such as company social events, paid volunteer hours, quarterly incentive awards, and professional development opportunities.
Company
Seattle Bank
Seattle Bank is a bank that provides community banking services.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Christopher Bryan Johnson
Chief Financial Officer
Keith McCullough
Chief Credit Officer
Recent News
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