Credit Risk Team Leader

Valley National Bank; Florida; On-site; USD 114,000 - 201,000; Full time

Job summary

Valley National Bank in Florida seeks an experienced Senior Credit Underwriter to manage underwriting and portfolio reviews for commercial loans in Tampa and St. Petersburg.

You will collaborate with Loan Officers and Credit Portfolio Managers, prepare packages for credit approval, monitor risk ratings, and ensure compliance with Regulation B. Applicants should have a high school diploma with 7+ years in commercial lending; bachelor's preferred, strong communication, and proficiency in Word,

Qualifications

• High School Diploma or GED and 7+ years in a commercial lending underwriting position.
• Bachelor's degree, completion of a formal credit training program, and prior supervisory experience is preferred.

Responsibilities

• Proactively communicates with Loan Officers and Credit Portfolio Managers during underwriting, approval and portfolio management processes.
• Review and circulate credit packages and modifications for approval; ensure packages are updated as required by approvers.
• Underwrite complex new loan requests and modifications.
• Coordinate with Commercial Loan Officers, Loan Officer Assistants and Direct Reports to complete credit packages.
• Complete performance evaluations, reviews and approves timecards for direct reports.
• Prepare effective credit packages for approval circulation and presentation to credit authority.
• Obtain and monitor loan portfolio reports and assist lenders with action plans.
• Ensure credits are accurately risk rated and monitored.
• Adhere to Regulation B Adverse Action Procedures — Florida Division.
• Create and maintain current BSA information; adhere to watch list and EDD procedures.
• Manage covenants, borrowing bases, A-R Aging for accounts; assist in quarterly CLMR reports.
• Advise lenders on Bank's Credit Policy and related procedures; attend loan closings as needed.

Skills

Credit underwriting

Communication

Interpersonal skills

Time management

Mathematical skills

Report writing

Presentation skills

Credit policy knowledge

Education

High School Diploma or GED

Bachelor's degree (preferred)

Credit training program

Tools

Microsoft Word

Excel

Outlook

Job description

Responsibilities include, but are not limited to:

• Proactively communicates with Loan Officers and assigned Credit Portfolio Managers during the underwriting, approval and portfolio management processes.
• Review and circulate credit packages and modifications for approval. Ensure packages are updated as required by approvers.
• Underwrite complex new loan requests and modifications.
• Coordinate with the assigned Commercial Loan Officers, Loan Officer Assistants and Direct Reports all activities required to complete a credit package.
• Completes performance evaluations, reviews and approves timecards and all other manager related activities for his/her direct reports.
• Prepare effective packages for credit approval circulation and to present packages to the required level of credit authority.
• Obtain, and monitor various loan portfolio reports such as Maturing Loans, Past-Due Loans, Annual Reviews and proactively assist lenders with requisite action plans.
• Assure that credits are accurately risk rated and credits are properly monitored and reported.
• Adhere and comply with all requirements of Regulation B Adverse Action Procedures -- Florida Division.
• Create and maintain current BSA Information.
• Adhere and comply with all requirements of watch list and EDD procedures.
• Manage and track covenants, borrowing bases, A-R Ageing, etc. for their accounts.
• Assist in preparation of quarterly CLMR reports.
• Advise Lenders on all matters related to the Bank's Credit Policy and related Procedures/Forms.
• As time allows conduct annual site visits, attend loan closings and other tasks required to support assigned lenders.

Requirements

Required Skills:

• Knowledge of credit underwriting, accounting and loan documentation with the ability to.
• Ability to effectively communicate credit concerns and formulate alternate loan structures to customers, business unit team leaders, department heads and senior management.
• Proficient 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.
• Strong personal time management skills.
• Strong mathematical skills.
• Strong credit skills.
• Ability to write reports and business correspondence.
• Ability to effectively present information and respond to questions.

Required Experience:

• High School Diploma or GED and a minimum of seven years of experience in a commercial lending environment in a credit-oriented and underwriting position.
• Bachelor's degree, completion of a formal credit training program, and prior supervisory experience is preferred.

Full-time/Part-time

Full-time

FLSA

Exempt

Location(s)

Tampa , Florida , United States

St Petersburg , Florida , United States

Total Rewards Summary

We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and/or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions.

In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process.

Pay Range $113,500.00 - $200,700.00 / year

The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay. The actual pay rate will depend on the person's qualifications and experience.

Pay Transparency

In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.

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Valley is an equal opportunity/affirmative action employer. All qualified applicants are encouraged to apply and will be considered for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status or characteristic.

If you are a person with a disability and need a reasonable accommodation to search or apply for a career opportunity, please call us at 800-652-6500, option 2, for assistance with an alternate method of access. A response to your accommodation request may take up to two business days. Other inquiries to this number will not receive a response.

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