Credit Approval Officer

U.S. Bank; Tempe (AZ); On-site; USD 149,515 - 175,900; Full time

Benefits offered by this job

Healthcare benefits

401(k) plan

Paid vacation

Paid holidays

Job summary

U.S. Bank is seeking an experienced Credit Approval Officer to support its Business Banking teams across the California and West Regions and Healthcare in Commercial lending.

You will approve loans beyond lending authority, focusing on large, complex portfolios and ensuring policy conformity. You will collaborate with underwriting and sales to structure transactions, maintain portfolio quality and profitability, and bridge business lines with risk governance.

Qualifications

• Bachelor’s or advanced degree, or equivalent work experience.
• Typically more than 12 years of applicable experience.
• Significant experience in underwriting and oversight of Commercial (C&I), D&I, Healthcare Practice Finance.
• Experience underwriting SBA credit requests and portfolio oversight.
• Expert knowledge of risk, compliance and audit competencies.
• Strong leadership and ability to manage complex scope.

Responsibilities

• Approve loans exceeding lending authority with focus on large, complex portfolios.
• Collaborate with underwriting and sales on transaction and covenant structures.
• Maintain loan portfolio quality and profitability through ongoing review.
• Partner effectively with Line of Business and Lines of Defense.

Skills

Underwriting oversight

Commercial Credit

SBA credit

Risk & Compliance

Leadership

Stakeholder collaboration

Communication

Analytical

Customer service

Guidance to underwriting

Education

Bachelor’s degree or advanced degree, or equivalent work experience

Job description

Job Description

U.S. Bank has a great opportunity for an experienced Credit Approval Officer to support our Business Banking organization. This individual will be part of a team supporting the Business Banking California and West Regions and Healthcare for Commercial (C&I), Commercial Real Estate (D&I) and Practice Finance lending.

The Credit Approval Officer will approve loans in excess of Business Banking Credit Services lending authority with a focus on larger and more complex Business Banking portfolios, ensuring conformity with bank policies. The individual will work with underwriting and sales teams on transaction and covenant structures. The incumbent will be integral to ensuring ongoing administration and review is adequate to maintain the loan portfolios’ quality and profitability. This person will be accountable for an effective partnership between the Line of Business and the Lines of Defense.

Basic Qualifications

• Bachelor’s or advanced degree, or equivalent work experience
• Typically more than 12 years of applicable experience

Preferred Skills / Experience

• Significant experience in underwriting, approving, and oversight of Commercial (C&I) and Commercial Real Estate (D&I) and Healthcare Practice Finance credit requests and portfolios.
• Experience underwriting, approving, and oversight of SBA credit requests and portfolio.
• Expert knowledge of Risk/Compliance/Audit competencies.
• Ability to manage job scope and complexity of assigned business at the departmental and/or division level.
• Strong leadership and management skills of processes, projects, and people.
• Ability to collaborate effectively with business units to innovate and strategically grow portfolios while appropriately managing risk.
• Excellent written and verbal communication skills.
• Strong analytical, problem-solving and negotiation skills.
• Well-developed customer service/relations skills.
• Ability to guide and influence underwriting and sales teams to align with the bank’s risk culture and appetite.
• Ability to handle stressful situations while maintaining trusting relationships with the business line and other stakeholders.
• Strong understanding of the business line’s operations, products/services, systems, and associated risks/controls.
• Considerable knowledge of applicable credit policies, laws/regulations, financial services, and regulatory trends that impact business banking/lending.

This role requires working from a U.S. Bank location three (3) or more days per week.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

We participate in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

Pay Range: $149,515.00 - $175,900.00

Posting may be closed earlier due to high volume of applicants.