Credit Risk Manager

vnbcareers; Illinois; On-site; USD 85,000 - 115,000; Full time

Job summary

vnbcareers in Illinois is seeking a skilled Credit Underwriter to assess, structure, and approve new and renewed commercial loans. You will collaborate with loan officers and senior management to shape credit decisions and risk appetite.

The role requires a minimum of 5 years in a commercial lending environment, strong knowledge of underwriting guidelines, financial analysis, and loan documentation. Proficiency with Word, Excel, and Outlook is expected.

Qualifications

• High School diploma or GED required.
• Minimum 5 years in a commercial lending/credit underwriting role.
• Bachelor’s degree and formal credit training preferred.

Responsibilities

• Underwrites and structures new transactions and renewals for existing clients.
• Participates in client meetings and internal deal reviews; assesses risks and loan structures.
• Performs due diligence and presents credit requests to required credit authority.
• Monitors portfolio via reports and dashboards; ensures compliance with loan terms.
• Validates reports and escalates issues; develops action plans as needed.
• Ensures credits are risk-rated and properly monitored.
• Prepares quarterly portfolio reports including monitoring reports.
• Participates in special portfolio management projects.

Skills

Credit underwriting

Underwriting guidelines

Financial accounting

Loan documentation

Deal structuring

Interpersonal skills

Time management

Analytical skills

Communication skills

Education

High School diploma or GED

Bachelor’s degree + credit training program

Tools

Microsoft Word

Excel

Outlook

Job description

Responsibilities include but are not limited to:

• Underwrites and structures new prospective transactions as well as renewals, extensions, increases, and material modifications and amendments for existing clients.
• Participates in 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.
• 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.
• 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.

Required Skills:

• Demonstrates a strong understanding of policies and procedures, underwriting guidelines and RACs.
• Strong knowledge of credit underwriting, financial accounting and loan documentation.
• Strong 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.

Required Experience:

• High School diploma or GED.
• Minimum of 5 years of experience in a commercial lending environment in a credit-oriented and underwriting position.

Preferred Experience:

• Bachelor's degree and completion of a formal credit training program.