OPX Credit Product Officer III SBA

BankUnited; Florida; On-site; USD 90,000 - 130,000; Full time

Job summary

BankUnited seeks a Credit Products Officer (CPO) to underwrite Corporate & Industrial or CRE loan opportunities. You will prepare complete credit analyses, structure deals, and ensure timely, accurate documentation within the Loan Origination System.

In this role you will support Relationship Managers, monitor risk, and stay current with SBA lending guidelines and bank policies. Strong analytical and communication skills are essential.

Qualifications

• HS Diploma or equivalent required.
• Bachelor's degree or 4 years of related experience preferred.
• 7-9 years of commercial credit underwriting experience required.

Responsibilities

• Underwrite new credit requests for C&I or CRE loans.
• Prepare credit analyses and spreads for Moody's Credit Lens and bank templates.
• Review financial statements, tax returns, and collateral to assess borrower financial condition.
• Support Relationship Managers in portfolio monitoring and risk mitigation.
• Provide SBA eligibility analysis and ensure compliance with SBA SOP.
• Draft credit approval memos and communicate decisions to clients.
• Identify opportunities for cross-sale and ensure timely documentation in the Loan Origination System.

Skills

Accounting skills

Education

HS Diploma or equivalent

Bachelor's degree

Job description

JOB SUMMARY:

A Credit Products Officer ("CPO") role specializes in reviewing and underwriting either Corporate and Industrial (C&I) or Commercial Real Estate (CRE) loan requests. This position is responsible for preparing complete and accurate credit analyses in a timely manner that meets or exceeds internal business partners' needs, customer expectations, regulatory requirements and leading industry practices. Accountability is required for protecting the Bank by providing an unbiased and objective view of the prospective borrower and thoroughly disclosing all identified risks. This position may also be responsible for the monitoring and ongoing maintenance of a portfolio, while supporting one or more Relationship Managers in this endeavor. This position is directly involved with the Bank's SBA Lending activities.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• New Money Underwriting Activities:
  • Determine financial information requirements -- Work with the Relationship Manager to obtain all necessary information to underwrite the credit request.
  • Prepare Spreads -- Prepare spreads within Moody's Credit Lens and other spreading tools and templates utilized by the Bank.
  • Perform borrower financial analysis -- Review and analyze borrower financial information including but not limited to: corporate financial statements, tax returns, and accounts payable and accounts receivable aging to determine borrower financial condition and develop cash flow analysis.
  • Perform guarantor financial analysis -- Review and analyze personal financial information for guarantors including personal financial statements, tax returns, real estate owned schedules, and liquidity statements to determine financial strength of guarantor.
  • Review new applications for completeness, proper loan structure, and adequate collateral, and condition the loan accordingly.
  • Review and analyze all 3rd party reports -- Obtain all 3rd party reports and include findings in analysis of financial condition of borrower or guarantor.
  • Underwrite ACH exposure: Underwrite ACH exposure for borrowing and non-borrowing clients.
  • Identify and mitigate critical risks and irregularities -- Work with Relationship Manager to identify and mitigate all risks and disclose in the credit approval memorandum.
  • Collaborate in credit structuring -- Work with the Relationship Manager to structure credit requests that serve the best interest of the customer and bank.
  • Determine Risk Ratings -- Complete all required risk rating models and analyses.
  • Complete Credit Approval Memorandum within the Loan Origination System. Ensure that the approval package is complete, and all supporting schedules / documents are uploaded into the Loan Origination System.
  • Complete Portfolio Management Activities as required for new money requests to existing Bank clients.
  • Deliver approval package to the appropriate Credit Officer.
  • Document approvals -- Once the credit package is approved, ensure all credit approvals and associated documents are obtained and properly documented within the Loan Origination System.
  • Prepare detailed Commitment Letters or Notices of Conditional Approval to communicate credit decisions to clients, as applicable.
  • Review and clear closing conditions, seeking approval by a Credit Officer, as applicable.
• Post-approval Activities:
  • Finalize Credit Approval Package for Closing -- Ensure loan record is complete and forward to the Loan Closing Department.
  • Draft Post-Approval Change Memo -- Prepare Change Memo to document material and immaterial changes to the approved credit package, as needed.
• Additional Portfolio Management Activities:
  • Manage financial ticker items - Collect and review financial statements and covenant compliance and borrowing base worksheets from corporate customers.
  • Assist the Loan Officer in reviewing draw requests associated with guidance lines of credit for equipment purchases.
  • Conduct ongoing credit assessments/reviews - Complete annual reviews as required on corporate lending relationships, confirming an electronic back-up of client's key financial records and documentation is maintained within the bank's systems of record.
  • Prepare quarterly Criticized Asset Reports where applicable.
  • Perform ongoing portfolio management - Seek out early warning signs of deteriorating credit trends and make ongoing assessments relative to credit risk ratings (both positive and negative).
  • Identify and communicate cross-sale opportunities to Loan Officers as applicable during review of updated annual financial information received.
  • Underwrite ACH exposure - Underwrite ACH exposure for borrowing and non-borrowing clients.
• Other Activities:
  • On a case by case basis this position may be asked by their manager or the Loan Officer to participate in credit related calls with existing and prospective borrowers.
  • Identify opportunities for continuous improvement in underwriting/portfolio management practices and tools.
  • Work with cross-functional teams as needed to develop, test, and deploy underwriting/portfolio management leading practices / tools as required.
  • Perform and participate in projects and assignments as may be required by management.
• SBA Lending Activities:
  • Continues to seek training to remain current with changes in the SBA environment and SOP.
  • Assists Business Development Officers in structuring financing transactions and approving credit within assigned lending unit(s).
  • Performs SBA eligibility analysis. Assures proper use of standard SBA templates as detailed in the respective Procedural manuals and SBA SOP.
  • Adheres to and complies with current SBA SOP.
  • Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).
  • Adheres to Bank policies and procedures and completes required training.
  • Identifies and reports suspicious activity.

SUPERVISORY RESPONSIBILITIES

• N/A

QUALIFICATIONS

Education

• HS Diploma or equivalent required
• Bachelor's Degree or 4 years of work experience in a related field preferred

Experience

• 7-9 Years 3 to 5 years of commercial credit underwriting experience required
• 2 to 3 years of experience in SBA underwriting and eligibility determination required

Knowledge, Skills, and Abilities

Accounting skills through formal education, AIB, or prior work experience.

Additional Information

Candidates residing in locations within BankUnited's footprint may be given preference.