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Jewett City Savings Bank · 1 day ago

Commercial Credit Manager

Jewett City, CT, US

Full-time

Onsite

Senior Level

$107K/yr - $153K/yr

7+ years exp

Jewett City Savings Bank is a full-service Connecticut financial institution dedicated to providing high-quality financial services. They are seeking a Commercial Credit Manager to oversee the bank’s commercial lending underwriting process and manage the daily operations of the Credit Department.

Banking

Responsibilities

Oversee the activities of the Credit staff. Conduct periodic performance reviews, and provide ongoing coaching, motivation, training, and development. Ensure that staff is cross-trained for maximum department effectiveness

Determine the creditworthiness of commercial loan applicants by evaluating the borrower’s and guarantor’s character, and analyzing financial statements, tax returns, credit reports, and other relevant information. Prepare business cash flows with financial data provided by potential or existing customers. Independently handle the bank's most complex or largest credit exposures

Perform appraisal review and lease analysis

Manage and coordinate the workflow of the Credit Department, prioritizing loan requests and ensuring timely turnaround to meet customer and lender requirements

Ensure periodic reviews of all commercial credits are completed on an annual basis

Collaborate with commercial loan officers (CLOs) to prepare large and complex loan proposals for the Loan Committee, and proactively provide pertinent information in support of the loan application. Communicate regularly with CLOs to ensure the information necessary to expedite the loan application process is being collected

Review loan proposals and annual reviews prepared by the Credit staff for completeness, accuracy, and appropriate loan structuring. Review all documents prepared by the Credit staff before submission to Loan Committee and the Board of Directors

Update all assigned credit loan files with financial information and analyses in Identifi and in various software programs

Oversee and manage financial credit files to assure financial statements, tax returns, accounts receivable aging and other information are current

Collaborate with CLOs to assign risk ratings for new loans, and review and maintain risk ratings for existing loans. Alert the CLO and CCO of recommended risk rating changes

Prepare portfolio reports required by Senior Management and the Board of Directors

Interact and report regularly to the CCO and CLOs regarding the status of all applications submitted for underwriting. Make recommendations for updates to loan policy, as needed

Ensure timely and accurate loan closing documentation, boarding, funding, and the prompt delivery of complete electronic loan files for quality assurance review, in compliance with procedures

Keep abreast of, perform all duties in accordance with, and ensure staff is informed of the Bank’s policies and procedures, and regulatory compliance

Demonstrate regular and predictable on-site attendance

Qualification

Commercial Credit AnalysisFinancial Statement AnalysisRisk AssessmentAnalytical Software ProficiencyTeam LeadershipCommunicationOrganizational SkillsDetail Oriented