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Credit Risk Manager
#25-1247
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Job Overview
The Sr Credit Risk Manager is responsible for all underwriting activities related to new and existing credit transactions with moderate to higher complexity including client diligence, structuring, and the required analysis and preparation of the underwriting package.
Revenue side: 5-25 million
Loan Size: 3-10 million
Industries: C&I: medical practices, manufacturing or distribution, owner occupied, attorneys, some manufacturing, some distribution, service companies (restoration companies)
#LI-PR1
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Job Description
Responsibilities include but are not limited to:
- Responsible for monitoring on a timely basis the ongoing financial health of an assigned loan portfolio while maintaining the ongoing communication and dialogue with clients in conjunction with the business team for all credit related reporting and business updates.
- Underwrites and structures new prospective transactions as well as renewals, extensions, increases, and material modifications and amendments for existing clients.
- Leads external client meetings as well as internal deal team discussions and approval discussions with senior management. Identifies, outlines, and mitigates risks associated with potential lending opportunities, advises on all matters related to the Bank’s Credit Policy and related procedures, and provides guidance on loan structures and risk appetite.
- Reviews credit packages completed by junior team members and provides general guidance and mentorship.
- Performs the required due diligence and analysis, produces the credit presentation in accordance with guidelines and policy while ensuring timely completion of the underwriting, presents credit requests to the required level of credit authority, and oversees the legal documentation and closing process.
- Approves transactions under individual lending authority, when applicable.
- Maintains oversight via internal reporting and dashboards of all ongoing portfolio monitoring requirements and client deliverables as well as compliance with all terms of the loan agreement including (i) financial reporting, (ii) covenant compliance, (iii) collateral monitoring, (iv) required third party reports, (v) annual reviews, and (vi) maturing loans and lines of credit. In coordination with the business team, maintains direct contact with clients as needed for account monitoring and administration and site visits.
- Validates and analyzes reports such as financial statements, borrowing base certificates, collateral field examinations, appraisals, engineering reports, etc. to verify compliance. Escalates issues to appropriate levels and develops action plans as necessary.
- Ensures credits are accurately risk rated and are properly monitored and reported.
- Prepares all required quarterly reports and analysis including Criticized Loan Monitoring Reports as well as other portfolio management reports as required.
- Participates in special projects and requests related to the management of the portfolio.
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Requirements
Required Skills:
- Demonstrates a strong understanding of policies and procedures, underwriting guidelines and RACs.
- Advanced knowledge of credit underwriting, financial accounting and loan documentation.
- Advanced knowledge of how a deal should be structured and comfortability with conversing this structure to lenders.
- Strong computer skills using Microsoft Word, Excel and Outlook.
- Strong level of interpersonal and social skills needed to interact with loan officers, administrative staff and customers.
- Ability to manage time efficiently.
- Strong mathematical skills.
- Strong credit skills.
- Strong administrative skills.
- Ability to write reports and business correspondence.
- Ability to effectively present information and respond to questions.
- High School diploma or GED
- Minimum of 7 years of experience in a commercial lending environment in a credit-oriented and underwriting position.
Preferred Experience:
- Bachelor’s degree in a related field and completion of a formal credit training program.
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Location(s).
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1 SW 129th Ave Suite 100, Pembroke Pines, Florida 33027, United States
2121 Ponce de Leon Blvd Suite 130, Coral Gables, Florida 33134, United States
1700 Palm Beach Lakes Blvd, West Palm Beach, Florida 33401, United States
301 East Las Olas Blvd Suite 100, Fort Lauderdale, Florida 33301, United States
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Total Rewards Summary
We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and/or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions.
In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process.
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Job Details
Pay Range <sdf-tooltip _ngcontent-ng-c4503598389514736=”” attachmentpoint=”right” class=”hydrated”><sdf-icon _ngcontent-ng-c4503598389514736=”” slot=”tooltip-target” icon=”action-help” class=”left-sm-spacer hydrated” aria-hidden=”true” role=”presentation” aria-describedby=”tooltip-6978931226285229″></sdf-icon>Pay Range The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay.
The actual pay rate will depend on the person’s qualifications and experience.
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$110,600.00 – $195,700.00 / year </cx-job-details-section>
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Pay Transparency
In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to “Pay Transparency Law”; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.
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Valley National Bank is an Equal Opportunity / Affirmative Action Employer. All qualified applicants are encouraged to apply, and will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or other legally protected characteristics, and will not be discriminated against on the basis of disability.