First Federal Savings Bank · 1 week ago
Commercial Credit Officer
Ottawa, IL
Full-time
Onsite
Mid, Senior Level
$75K/yr - $110K/yrFirst Federal Savings Bank is seeking a Commercial Credit Officer responsible for managing the quality of the bank's commercial lending portfolio. The role involves overseeing credit risk management, ensuring compliance with regulations, and leading the credit team to achieve lending objectives.
BankingFinancial Services
Responsibilities
Credit Risk Management: The CCO establishes and implements commercial credit risk management framework and policies to ensure that lending decisions align with the institution's risk tolerance and regulatory requirements
Credit Approval Process: Work with the credit team to ensure that all commercial loans meet the institution's lending criteria and quality standards
Portfolio Monitoring: Work with the credit team to ensure monitoring of the commercial loan portfolio's performance, including accurate and timely risk ratings, exception monitoring, covenant monitoring, and maturing loans
Problem Loan Management: Monitor past due loans, oversee customer outreach, work with VP - Loan Servicing on past due commercial loans over 60 days past due and/or in the process of liquidation. Monitor and report on all commercial loans or relationships classified Special Mention or Substandard
Customer and Site Visits: The CCO may participate in or perform customer and site visits related to a potential new commercial loan request, an annual risk rating, problem loan management, or other reasons
Management Reporting: Review and/or prepare monthly, quarterly, or annual reports for management and the board of directors
Team Leadership: Manage and guide team members, fostering a collaborative environment to achieve the institution's credit objectives. This includes training and developing staff to enhance their skills
Regulatory Compliance: Serve as a point of contact for regulatory examiners and auditors regarding all commercial credit related matters, and ensuring compliance with industry regulations
Strategic Direction: Provide strategic direction for credit risk management, balancing growth with financial stability, and fostering a credit culture that supports the organization's long-term objectives
Qualification
Required
Strong leadership with proven success in commercial lending
In-depth knowledge of bank products, services, and applicable regulations
Excellent communication, organizational, and analytical skills
Benefits
Comprehensive benefit package includes medical, dental, vision and life insurance, AD&D, long-term disability, 401k plan with employer matching, paid time off including vacation, sick, holiday, birthday, and work anniversary.
Company
First Federal Savings Bank
First Federal Savings Bank is a bank that offers banking and financial service in Ottawa, IL.
Founded in 1889
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Konni Rodeghier
President & CEO
Tracy Ritko
Chief Financial Officer
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