Commercial Credit Officer

Allegacy Financial; Winston-Salem (NC); On-site; USD 90,000 - 130,000; Full time

Job summary

Allegacy Financial is seeking a senior credit professional to counsel our commercial lenders on cash flow, risk analysis, loan structure, and resource referrals. You will identify problem loans and direct them to the VP, Commercial Credit Officer in a timely fashion, while supporting underwriting and risk assessment across Commercial/Industrial and CRE loan types.

You will mentor staff on loan structure and eligibility, assist in initial underwriting, and conduct industry research as needed.

Qualifications

• Must be able to analyze financial statements, spreads, and projections.

Responsibilities

• Counsel commercial lenders on cash flow, risk analysis, loan structure, and resource referrals.
• Identify problem loans and direct them to the VP, Commercial Credit Officer in a timely fashion.
• Support lending staff in identifying and assessing business-purpose loan opportunities.
• Complete financial statement analysis, spreads, projections, personal cash flow analyses, and risk grade documentation.
• Demonstrate mentoring regarding loan structure, eligibility, credit issues, and underwriting to commercial banking staff.
• Assist in evaluating loan requests via initial underwriting and risk grade analysis for approval.
• Perform industry research and assessment as requested by the VP, Commercial Credit Officer.
• Monitor Special Asset credits and develop exit strategies and business plans with the Commercial Credit Officer.
• Develop networks for information exchange with other financial institutions to share best practices.
• Develop and refine underwriting tools for Commercial/Industrial, Commercial Real Estate, and other business loans.
• Ensure portfolio is documented correctly and compliant with NCUA regulations and Allegacy Lending policy.
• Complete required compliance training including BSA.
• Represent AFCU in communities and professional organizations to enhance AFCU’s image.

Skills

Financial analysis

Loan underwriting

Risk assessment

Credit analysis

Mentoring

Job description

Role Accountability

At Allegacy, our roots run deep — anchored in a longstanding commitment to doing right by our members and the communities we serve. Every role within our organization plays a vital part in nurturing the relationships that make that promise real. As a member of our team, you'll be empowered to live out our brand every day, building meaningful connections that support the financial wellbeing of those who count on us most. In order to achieve this state of success, this position will counsel our commercial lenders with regard to cash flow, risk analysis, loan structure, and resource referrals. Additionally, this position will identify problem loans and direct these to the VP, Commercial Credit Officer in a timely fashion.

Description Role AccountabilityIn order to achieve this state of success, this position will counsel our commercial lenders with regard to cash flow, risk analysis, loan structure, and resource referrals. Additionally, this position will identify problem loans and direct these to the VP, Commercial Credit Officer in a timely fashion. Major Duties And Responsibilities

• Support lending staff in the identification and assessment of business-purpose loan opportunities.
• Complete financial statement analysis, spreads, projections, personal cash flow analysis, consolidated cash flow analysis, and risk grade documentation.
• Demonstrate mentoring regarding loan structure, eligibility, credit issues and underwriting to members of the commercial banking department.
• Assist in the evaluation of loan requests by performing initial underwriting and risk grade analysis in preparation for approval.
• Perform industry research and assessment when needed by the VP, Commercial Credit Officer.
• Identify problem loans and direct this to the VP, Commercial Credit Officer in a timely fashion.
• Support the VP, Commercial Credit Officer in NCUA Examinations and CUNA Risk Assessments
• Monitor Special Asset credits and work with Commercial Credit Officer to develop and execute viable exit strategies and business plans.
• Develop a network for information exchange with other financial institutions to insure best practices.
• Develop and refine underwriting and analysis tools for Commercial/Industrial, Commercial Real Estate, and other business purpose loans.
• Ensure and manage the portfolio for accurate loan documentation, exception issues and loan processing in accordance with NCUA regulations and standard operating procedures and Allegacy Lending policy.
• Completion of all required compliance training to include BSA.
• Represent AFCU in the communities we serve by actively participating in civic affairs and local and professional organizations to enhance AFCU’s image.
• Assume additional responsibilities as requested.