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Amerant Bank · 1 day ago

Head of Commercial Credit C&I

Coral Gables, FL

Full-time

Onsite

Director/Executive

10+ years exp

Amerant Bank is seeking a Head of Commercial Credit C&I to lead a team responsible for assessing and monitoring risks associated with the commercial and industrial loan portfolio. The role involves evaluating clients' creditworthiness, managing a credit underwriting team, and ensuring compliance with banking regulations.

Financial Services

Responsibilities

Manage credit underwriting team leads and provide guidance to produce timely and accurate credit recommendations to credit requests, including new and existing loans, increases and modifications, annual reviews and covenant compliance, while maintaining proper adherence to credit policy and banking regulations

Exercises prudent credit judgment through individual loan authority assigned by Credit Risk Management Committee, as approved by the Board of Directors

Participates in deal discussion meetings and exercises individually assigned authorities in each setting

Participates as a member of various credit risk oversight committees of the Bank which administer the commercial loan portfolio

Evaluates and approves or declines policy exceptions and modifications to existing loans, within individual loan authority

Provide reports to management on work pipeline, production and turn-around times, including assignment and monitoring of work performed to ensure quality and turnaround time is being met

Scope: working capital lines of credit, asset-based financing, term loans, owner-occupied and income-producing properties, warehouse lines, capital call lines, leverage buyouts, dividend payouts, trade financing lines, stand-by and commercial letters of credit. Also including large and complex structures

Financial analysis: thoroughly reviewing financial statements (income statements, balance sheets, cash flow statements, tax returns) of potential and existing borrowers and guarantors to understand their financial condition and operating performance. This requires a comprehensive understanding of financial statement analysis, including enterprise value analysis, stress-testing & sensitivity analysis under different scenarios and making projections using key drivers and assumptions to understand future cash flows and repayment capacity

Credit risk assessment: evaluating the likelihood of a borrower defaulting on a loan based on their financial health, industry trends, and economic factors to reach a credit recommendation for loan structure based on strengths and weaknesses, and assigning a risk rating

Loan structuring: collaborating with relationship managers to design suitable loan structures (e.g., lines of credit, term loans, covenants) based on the client's needs and creditworthiness

Customer interaction: communicate with, and visit, potential and existing clients to gather necessary financial information, discuss credit terms, and address inquiries

Credit reports: preparing comprehensive pre-screen and credit memos detailing the analysis of a company's financial situation, including strengths, weaknesses, and potential risks, to present to pre-screen, lending authority or credit committee, as appropriate

Legal documentation review: review term sheet and legal documentation to ensure conformity with approved terms

Industry knowledge: staying updated on industry trends, best practices, regulations, and economic conditions impacting specific sectors to accurately assess credit risk

Training: assist in the training process of new credit underwriting and portfolio managers, and interns. Specifically, assist the trainees in the following: adopting the operating procedures of the department, the various templates used, and credit criteria applied to the different types of analysis

Credit policy: clear understanding of the Bank’s credit programs and policy and its adherence

Compliance: ensure preventive measures are carried out to fully comply with current rules, regulations and internal policies on BSA, USA Patriot Act, OFAC and other AML related issues

Any other duties as assigned by the Chief Credit Officer or supervisor

Qualification

Credit analysisPortfolio managementFinancial statement analysisCredit risk assessmentLoan structuringFormal credit trainingMicrosoft SuiteSalesforceNCinoFIS IBSCommunication skillsTime managementOrganizational skills