Commercial Credit Administrator

Ourfirstfed; Seattle (WA); On-site; USD 105,000 - 179,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

401k with company match

Employee Stock Ownership Plan

Gym membership reimbursement

Discounts on banking products

Job summary

First Federal seeks a senior leader to plan, organize, and manage the commercial lending function, ensuring ongoing independent review of the bank’s portfolio and regulatory compliance. You will supervise credit administration staff and mentor the team while supporting bank-wide sales objectives.

You will ensure proper documentation, participate in problem loan resolution, and provide regular reporting to the Chief Credit Officer. Strong analysis and leadership capabilities are essential.

Qualifications

• Bachelor’s degree as listed; equivalent accepted.

Responsibilities

• Plan, organize and manage the commercial credit function and staff activities to ensure independent review and policy compliance.
• Supervise staff, mentor, recruit and train as needed; foster cross-team collaboration.
• Monitor loan portfolio to mitigate loss and perform credit review and grading.
• Identify problem loans and provide resolution recommendations.
• Maintain credit analysis, underwriting, and quality control systems for all loans.
• Ensure documentation compliance with policies and regulatory requirements.
• Provide periodic reports of credit exceptions to the Chief Credit Officer.
• Prepare loan portfolio analyses including impairment analysis and risk reporting.
• Manage underwriters in analyses of large or complex loans.
• Approve/decline/offer portfolio loans within policy limits and address problem credits.

Skills

Credit analysis

Financial analysis

Staff mentoring

Interpersonal skills

Leadership

Education

Bachelor's degree in business administration, finance, accounting, or economics

Tools

MS Word

Excel

Database programs

Job description

Position Purpose

Plan, organize and manage the commercial lending function to ensure the independent review of the Bank’s commercial loan portfolio is performed on a continuing basis. Ensure documentation is in compliance with bank policies and applicable regulations. Participate in the detection of deteriorating commercial loan quality. Manage, supervise and mentor credit administration staff, fostering effective and collaborative working relationships with both internal and external customers. Support bank wide sales and service efforts designed to retain existing relationships and enable growth of new relationships. Ensure sustained profitable growth through support of the institution’s deposit, loan and fee income goals. Actively participate in the resolution of special credits as required.

Essential Functions

• Plan, organize and manage the commercial credit function and staff activities to ensure the independent review of the Bank’s commercial loan portfolio and compliance with bank policies and applicable regulations.
• Supervise staff activities, fostering effective and collaborative working relationships with both internal and external customers; establish goals and assess performance; participate in hiring and discipline decisions as needed; mentor staff and ensure appropriate training and development opportunities are provided.
• Monitor the bank’s loan portfolio on a continuing basis in order to mitigate loss exposure through timely credit review and grading.
• Participate in the identification of problem loans and provide recommendations for handling and resolution.
• Maintain the bank’s system of credit analysis, underwriting, and quality control for all loans.
• Ensure adequate credit and collateral documentation is maintained in compliance with policies and regulatory requirements.
• Provide periodic reports of outstanding credit exceptions to the Chief Credit Officer.
• Prepare loan portfolio analysis including but not limited to impairment analysis pursuant to ASC 310 (formerly FAS 114), credit concentrations reports, appraisal aging schedules, and loan maturities loan reports.
• Manage a team of underwriters in the preparation of analysis of all large loans, large aggregate lending to one borrower, complex loans, and problem loans.
• Approve, decline, counter-offer portfolio loan requests in conjunction with loan policy limits. Actively participate in problem credit resolution.
• Ensure compliance with all policies and regulations including but not limited to the Bank Secrecy Act (BSA) and Community Reinvestment Act (CRA).
• Maintain regular and predictable attendance.
• Perform related duties and responsibilities as required.

Qualifications & Requirements

• Bachelor’s degree in business administration, finance, accounting, or economics, or the equivalent.
• Typically requires five to seven years directly related and demonstrated successful experience in commercial credit administration.
• Thorough knowledge and understanding of entire Commercial Real Estate and C & I lending processes.
• Solid loan analysis, structuring and documentation knowledge across various business and collateral structures.
• Strong credit and financial analysis skills are required.
• Strong interpersonal skills and ability to effectively communicate, both written and verbal, to all lines of business.
• Ability to effectively supervise, direct and mentor others in the performance of their assigned responsibilities.
• Ability to collaborate cross divisionally with production personnel.
• Ability to effectively manage multiple priorities in a timely manner.
• Proficient with MS Word, Excel, and various database programs.
• Develop and maintain a working knowledge of First Federal policies, procedures, and systems.
• Valid Washington Driver’s license.

Physical Requirements

The work requires the ability to operate office machines and equipment, such as personal computers, printers, copying machines and telephones. The work requires the ability to communicate clearly with customers, coworkers, and others in person and on telephones. Work activities involve combinations of sitting/standing for extended periods.

Pay Range

• The pay range for this position is $105,453.62 - $179,271.15
• The typical hiring range for this position is $105,453.62 - $121,008.03
• The incentive plan for this position is the Corporate Incentive plan. It is paid out annually with a 20% target payout.
• Employees will be eligible for our benefits package including medical, dental, and vision insurance, paid time off, retirement plans (401k with company match and Employee Stock Ownership Plan), gym membership reimbursement, discounts on our banking products, and more!

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

First Fed invites all qualified interested applicants to apply for our career opportunities.