Credit Officer

CNB Bank, Inc.; West Virginia; On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

20 days PTO

Medical, dental, and vision insurance

401(k) with employer match

Life insurance, AD&D, long-term/dis.

Paid holidays

Job summary

CNB Bank, Inc. seeks a Credit Officer to manage Credit Administration and Collection. Seated at Spring Mills, reports to EVP/CFO.

You will lead policy development, underwriting standards, and regulatory compliance to control risk while supporting profitable growth. The role requires strong leadership, English communication skills, and expertise in credit policy and collection operations. Join CNB's team to oversee troubled assets, coordinate with regulators, and drive service standards across

Qualifications

• Bachelor’s degree in Accounting, Economics, Finance, Statistics, Mathematics or similar industry required.
• Strong leadership skills.
• Strong communication and presentation skills.
• Proficient in database and accounting computer application systems.

Responsibilities

• Oversee the review and interpretation of new and pending laws and regulations that potentially affect the Bank’s credit practices.
• Oversee and develop the personnel located within the Bank’s Credit Administration and Collection departments.
• Coordinate the development or revision of policies, procedures, and underwriting to ensure compliance with the regulatory process. Ensure that deviations from the policy are monitored and reported.
• Review credit presentations to ensure the adequacy of underwriting. Determine if credits meet sound underwriting standards and do not pose a greater-than-normal risk.
• Manage troubled and non-performing assets.
• Provide advice and guidance to the Bank’s lending management. Consult with the senior lending department managers as to risk on complex or unusual loan relationships.
• Act as the principal liaison between the company and regulatory agencies to ensure compliance with banking legislation.
• Approve subordinate personnel collection activities regarding workouts of loan payments on delinquent accounts, assisting in procedures when necessary.
• Direct collection of delinquent accounts determined to be unresolvable, ensuring that all proper documentation is accounted for, and all data are properly entered.
• Work with other departments within the financial institution regarding litigation and foreclosure activities.
• Oversee foreclosed properties for proper management and regular inspections, as well as tax and insurance payments.
• Oversee the analysis of properties and their corresponding markets to determine and recommend appropriate disposition strategies, book values, and charge-offs in conformance with Bank policies and procedures and regulatory requirements.
• Review allowance for loan and lease loss analysis and make recommendations regarding provision expense and adequacy of the ALLL account.
• Develop, implement, and monitor service standards and operational efficiencies.
• Maintain a tracking system for documented exceptions.
• Embrace CNB Bank’s Core Values at all times.

Skills

Leadership

Communication

Presentation skills

Accounting software proficiency

Education

Bachelor’s degree in Accounting, Economics, Finance, Statistics, Mathematics or similar industry required

Job description

Description

DEPARTMENT: Credit

SEATED AT: Spring Mills

REPORTS TO: EVP/CFO

The Credit Officer is responsible for the overall management of the Bank’s Credit Administration and Collection Department.

Who We Want:

Champion of Growth –

• Embrace CNB Bank’s culture of learning and of prudent and profitable growth
• Participate in the Bank’s development of collection policies and procedures for foreclosure, credit for payment of delinquent accounts, and other default procedures
• Strong knowledge of credit administration and collection policies

Industry Expert –

• Oversee and evaluate credit and collection policies and procedures to maintain quality control and minimize losses
• Maintain effective relationships with potential purchasers, title and escrow companies, receivers, property management firms, and other related vendors
• Complete ratio, trend, and cash flow analysis and create projections

Analytical Thinker

• Ability to prioritize tasks and delegate them when appropriate
• Strong leadership skills and attention to detail
• Thorough knowledge of credit policies and credit risks

What You'll Do:

• Oversee the review and interpretation of new and pending laws and regulations that potentially affect the Bank’s credit practices
• Oversee and develop the personnel located within the Bank’s Credit Administration and Collection departments.
• Coordinate the development or revision of policies, procedures, and underwriting to ensure compliance with the regulatory process. Ensure that deviations from the policy are monitored and reported
• Review credit presentations to ensure the adequacy of underwriting. Determines if credits meet sound underwriting standards and do not pose a greater-than-normal risk
• Manage troubled and non-performing assets
• Provide advice and guidance to the Bank’s lending management. Consult with the senior lending department managers as to risk on complex or unusual loan relationships
• Act as the principal liaison between the company and regulatory agencies to ensure compliance with banking legislation
• Approve subordinate personnel collection activities regarding workouts of loan payments on delinquent accounts, assisting in procedures when necessary
• Direct collection of delinquent accounts determined to be unresolvable, ensuring that all proper documentation is accounted for, and all data are properly entered
• Work with other departments within the financial institution regarding litigation and foreclosure activities
• Oversee foreclosed properties for proper management and regular inspections, as well as tax and insurance payments
• Oversee the analysis of properties and their corresponding markets to determine and recommend appropriate disposition strategies, book values, and charge-offs in conformance with Bank policies and procedures and regulatory requirements
• Review allowance for loan and lease loss analysis and makes recommendations regarding provision expense and adequacy of the ALLL account
• Develop, implement, and monitor service standards and operational efficiencies.
• Maintain a tracking system for documented exceptions
• Embrace CNB Bank’s Core Values at all times

What You Get:

• Competitive pay
• Opportunity to work closely with the Senior Leadership Team
• Excellent benefits package, including 20 days of annual Paid Time Off (PTO). Eligible for medical, dental, and vision insurance (single and family) after 60 days of full-time employment. Insurance plans are HSA and FSA-compatible. CNB offers a 401(k) plan with an employer match available after 60 days of full-time employment. Eligible for life insurance, AD&D, and long-term disability after 90 days of full-time employment
• Paid national holidays that follow the Federal Reserve schedule

Requirements

• Bachelor’s degree in Accounting, Economics, Finance, Statistics, Mathematics or similar industry required
• Strong leadership skills
• Strong communication and presentation skills
• Proficient in database and accounting computer application systems

EOE, including disability/vets