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City First Bank · 2 days ago

Senior Credit Officer

DC-Baltimore Area

Full-time

Onsite

Senior Level, Lead/Staff

$150K/yr - $170K/yr

10+ years exp

City First Bank N.A. is a mission-driven Community Development Financial Institution focused on transformative impact in underserved urban markets. The Senior Credit Officer will support the Chief Credit Officer in managing the bank's loan portfolio, overseeing credit risk, and ensuring high-quality service delivery to clients.

BankingCommunitiesFinancial Services

Hiring Manager

Daniel Umstead

Responsibilities

Creates an atmosphere within the organization that attains and maintains a high level of morale and embraces our Vision, Values, Mission, and Team Expectations while providing “best in class” customer service to internal and external clients

Contributes to the development and implementation of annual department goals and individual goals

Partner with relationship managers/lenders to establish and maintain prudent risk appetite and facilitate growth within these parameters through deal vetting and prescreening

Review, approve, decline, or recommend to appropriate higher authority, credit opportunities for new originations, renewals or modifications of existing loans

Drive the pipeline with a focus on loan approvals, underwriting completion and moving deals through the closing process

Ensure all credit delivery activities have been completed in a timely, efficient and prudent manner while facilitating an environment for the efficient delivery to customers of products and services that require credit exposure

Provide leadership role modeling and disseminate the bank's credit culture and risk appetite

Provide experienced oversight of portfolio to ensure that satisfactory loan quality is maintained as well as early identification of potential problem credits, communicating with CCO, working with Special Assets Officer as necessary to restructure the credit to minimize losses

Portfolio Management duties will include monitoring a specialized portfolio of commercial loans risk rated of all ratings, perform analysis to determine the financial viability of the customer, develop and implement a strategy and plan for the collection of the loans

Assists with the identification of potential problem loans, recommends risk rating changes, and assumes responsibility for loans newly identified as criticized and classified problems loans with the goal to upgrade the risk rating of the loan to performing

SCO must possess the ability to recognize revenue opportunities in the portfolio and to follow through on routine requests for credit or other bank services. There are no incremental sales targets; however, must ensure retention of existing clients and that credit needs are met to the extent the bank is comfortable

Credit Support and Underwriting duties will include analyzing and spreading the customer’s financial information, assessing the collateral, performing a delinquency review, performing industry comparisons, assessing the risk rating, and preparing the business, personal and global debt service coverage ability. In addition, written presentations will be prepared that detail the findings of the analysis

Assists the CCO with monthly management and Board reporting activities including research of items that present anomalies to the portfolio. Ability to manage time accordingly to produce necessary and accurate reporting is a priority

Work with the CCO on the ongoing CECL implementation process and to assist in the management of the ALLL during the transition and required parallel tracking period. Individual will be responsible for the data integrity management portion of the CECL adoption and implementation

Qualification

Commercial credit underwritingFinancial statement analysisPortfolio managementCredit risk managementLoan structuringMicrosoft OfficeLeadership experienceCustomer serviceCommunication skillsProblem solvingAttention to detailNegotiation skills

Required

Bachelor's Degree in Business Administration, Finance, Accounting, or related field required; 10 additional years of commercial credit underwriting and analysis experience may be substituted for bachelor's degree

10+ years of commercial credit, financial statement analysis, portfolio management and customer service experience required

Responsibility in a leadership role in a prior financial institution

Significant experience in a Commercial Lending position operating in a $1B+ complex bank environment

Experience lending in syndicated structures, managing credits with complex capital structures, and partnering with multiple commercial banking product areas to responsibly allocate capital across a credit relationship

Strong administrative, communication/interpersonal and negotiation skills

Demonstrated ability to exercise sound judgment and act independently in a dynamic environment

Demonstrated ability to balance risk and return, promoting responsible expansion of credit relationships while leading stewardship of the Bank's balance sheet

Completion of formal or in-house credit training required

Knowledge of Microsoft Office suite and other (credit analysis) systems and a hands-on working knowledge of a bank core system, e.g. FIS, FiServ, etc. Strong ability to manage multiple projects simultaneously

Strong supervisory experience

Uncompromised attention to detail and demonstrated eagerness to problem solve through research and application of experience/knowledge

Experience with commercial, construction, and real estate loan underwriting, and broad understanding of the bank's balance sheet, e.g. ALLL

Solid knowledge of and skills in personal computer operation, word processing and spreadsheet software

Knowledge of related state and federal lending and compliance regulations and other bank lending policies

Organized, detail oriented, ability to articulate matters over the phone or in person, capable of working independently, can plan, set priorities, meet deadlines and work with little supervision while performing most duties

Strong ability to interact pro-actively with all levels of the organization

Preferred

Experience structuring and pricing loan transactions to achieve organizational goals preferred

Leading a team of Commercial Underwriters or Analysts in the banking industry

Company

City First Bank

City First Bank is a commercial community development bank, the largest Black-led Minority Depository Institution, and a certified as B Corp with branches and headquarters in Los Angeles, CA and Washington, DC; channeling intentional capital to low- and moderate-income neighborhoods; investing in multifamily affordable housing, nonprofits and small business development.

Founded in 1998

Washington, District of Columbia, USA

51-200 employees