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First Exchange Bank · 1 day ago

Chief Credit Officer

Fairmont, WV

Full-time

Onsite

Director/Executive

10+ years exp

First Exchange Bank is seeking a Chief Credit Officer responsible for overseeing the quality of the Bank’s lending practices and portfolio soundness. The role involves managing loan approval processes, supervising department staff, and ensuring adherence to banking regulations while providing recommendations to executive management and the Board of Directors.

BankingFinanceFinancial Services

Responsibilities

Manages all functions related to the loan approval process, loan documentation, to include collateral related functions, and the booking of the loans

Position is responsible for both the consumer and commercial credit process and portfolio

Provides supervision and support to all assigned areas of department operations where service or assistance is needed

Reinforces the application of superior customer service through his or her own example along with appropriate follow through with involved customers and employees

Responds to inquiries or refers inquiries to the appropriate department or person; exhibits the necessary follow through with customers and/or staff involved

Prepares the calculations for impairment of problem credits in order to provide recommendations for possible loss used to calculate CECL (loan loss reserves) and makes recommendations to executive management and the Board of Directors for the amount to be added/deducted to/from the loan reserve;; loan losses and trends; and loan product concentrations

Reviews large and complex loans prior to their submission to Loan Committee; reviews consist of making recommendations on loan structure, terms, and pricing so as not to expose the Bank to undue credit risk

May make recommendations regarding structuring and terms but the pricing is usually handled by the CLO

Prepares and distributes credit information covering loan quality trends, growth trends, loan product concentrations; works closely with other credit managers in reviewing such topics as local real estate data and assessing the impact on the Bank’s loan portfolio

Prepares and discusses loan information submitted to the BLC for approval; loan information is defined as the calculation of the CECL, graded loan reports, and other loan quality information and trends

Prepares, reviews, and modifies when necessary, lending policies and procedures which enable the Bank to perform in a business manner, but not expose it to undue risk

Attempts to ensure that individual loans are risk rated correctly when reviewing loans for loan committee submission

Utilizes good decision-making techniques pertaining to inquiries, approvals, requests as they apply to existing policies and procedures, keeping them within assigned approval limits and using these instances as learning tools for employee development

Monitors staff in daily tasks, operations and quality control; ensures the organization of assigned areas of the department, coordinating available resources (e.g., staff, materials, etc.) for maximum results

Consistently applies superior decision-making techniques pertaining to inquiries, approvals and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development

Processes, solves and answers complex customer transactions, problems or inquiries

Assumes responsibility for special projects; gathers data and prepares reports for the Board of Directors and other members of Senior Management, audits and other personnel

Be responsible for coordinating for the examination all 'credit related' examination data, document requests, and information that is needed

Be available to respond to all 'credit related' questions

Qualification

Credit Risk ManagementLoan Approval ProcessPortfolio ManagementAnalytical AbilityDecision MakingCommunication SkillsSupervisory SkillsPlanningComputer SkillsAccounting KnowledgeProblem SolvingCritical Thinking

Required

Four-year college degree, or equivalent experience resulting in broad knowledge of a field related to the job, such as accounting, business administration, finance, etc

10+ years' related experience and/or training

10+ years related management experience, or equivalent combination of education and experience

Must be proficient with excel, word, and general usage of the PC and be able to learn and navigate all of the bank's systems

Must be able to drive an automobile on company business and have a valid driver's license