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Vice President and Senior Credit Officer

Company: Presidential Bank
Location: Bethesda
Posted on: May 24, 2023

Job Description:

The Senior Credit Officer is responsible for enforcing credit guidelines and policies, credit underwriting, credit approval, credit monitoring practices, and providing direction to the credit team to ensure overall quality of the Bank's loan portfolio. The Senior Credit Officer reports directly to the Chief Credit Officer.

FLSA Status: Full-Time (Exempt)

*Primary Responsibilities: *

* Review credit writeups for prospects or existing clients, providing insights as to risks, factors to be considered, additional information needed for decisioning, structuring changes, creative solutions, and adherence to Presidential Bank Lending Policies and Procedures.

* Provide advice and counsel on new credit requests in conjunction with the lending staff.

* Participate in weekly pipeline meetings.

* Conduct weekly staff meetings to gauge workload and elicit feedback from each person/area.

* Ensure appropriate product/industry specialties and research are utilized as a means of promoting sound underwriting.

* Sets the agenda and attends weekly Loan Committee Meeting.

* Authors credit officer comments for credit writeups as necessary.

* Decision credit requests using designated approval authority, including new business, renewals, amendments, waivers, and modifications for supported business lines.

* Review, provide feedback and approve semiannual and annual Loan Reviews once they meet Bank standards.

* Review, provide feedback and approves quarterly Classified Asset Reports once they meet Bank standards.

* Supervises Analysts and other Credit Administration Staff to include delegation of duties, hiring, coaching and corrective actions when warranted.

* Provide mentoring, coaching, and overall leadership to line lenders and credit analyst trainees.

* Review deteriorating credit situations with the objective of shoring up the Bank's position while providing the client with flexibility to resolve problems, in addition to ensuring that the credit accommodation is properly risk rated per Presidential Bank policy.

* Monitors processes utilizing bank systems and provides suggestions for improvement and efficiency.

* Reviews and approves third party reports as necessary.

* Acts as liaison and oversees the relationship with and monitors the Bank's third-party appraisal management vendor.

* Acts as liaison with Salesforce/nCino

* Produces financial reviews for vendor management as requested.

*Qualifications: *

* Bachelor's degree in Finance, Accounting, or other appropriate experience. Advanced degree a plus.

* 10 years of commercial banking experience in credit administration, credit analysis and underwriting, risk mitigation with direct credit approval and supervisory experience in commercial real estate, construction, and commercial and industrial lending preferred.

Presidential Bank, FSB is an equal opportunity/affirmative action employer. We consider applicants without regard to race, color, religion, creed, gender, national origin, age, disability, genetic information, marital or veteran status, or any other category protected by federal, state, or local law.


Job Type: Full-time

Keywords: Presidential Bank, Bethesda , Vice President and Senior Credit Officer, Executive , Bethesda, Maryland

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