Senior Vice President, Credit Administration

Hackney Education; Rowley (MA); On-site; USD 120,000 - 150,000; Full time

Benefits offered by this job

Fully paid medical, dental and vision insurance

Dollar-for-dollar 401(k) match up to 10%

Life insurance

Disability plan

Pension plan after 2 years

Generous vacation and PTO time

Quarterly incentive

Job summary

Hackney Education is seeking a Senior Vice President of Commercial Credit Administration to lead the Bank’s loan portfolio and enhance credit risk management strategies. The ideal candidate should possess a strong background in financial analysis and underwriting with a focus on commercial real estate.

This role involves overseeing credit policies, guiding loan officers, and ensuring compliance with regulations. The position offers a comprehensive compensation package including medical benefits, 401(k) match, and generous vacation time.

Qualifications

• Bachelor's degree and 3-5 years of related experience required.
• Advanced knowledge of the Microsoft Office suite is essential.
• Excellent written and verbal communication skills are necessary.

Responsibilities

• Oversee annual loan review process for timely completion.
• Perform credit analysis on complex or large loan requests.
• Advise credit and lending personnel on compliance matters.
• Manage communication with loan review vendors/auditors.
• Provide management training for credit analysts.

Skills

Financial analysis

Underwriting in commercial real estate

Communication skills

Organizational skills

Team collaboration

Education

Bachelor's degree

3-5 years of related experience

Tools

Microsoft Office suite

Job description

The Institution for Savings is seeking a SVP of Commercial Credit Administration to guide the Bank’s loan portfolio, enhance credit risk management strategies, oversee all credit policy efforts, and provide guidance to loan officers and credit analyst. The ideal candidate should have a deep comprehension of financial analysis and underwriting focusing on commercial real estate (CRE) markets. A proven history of successfully approving significant sized transactions and the ability to drive strategic, risk – conscious growth in the portfolio are essential.

Responsibilities:

• Oversee annual loan review process to ensure timely completion of annual reviews and line of credit renewals with an emphasis on assignment of appropriate risk ratings.
• Perform Credit analysis and/or annual reviews as needed, with a special emphasis on the more complex or large loan requests or relationships.
• Work with Senior Management to ensure compliance with regulations, and advise credit and lending personnel on these matters. Assist Senior Management in creating and administering all lending policies and procedures.
• Establish, implement, and manage administrative and review systems and procedures to protect the quality of the loan portfolio. Review and make recommendations to improve FDICIA controls and procedures.
• Review credit requests to ensure that proposed loans adhere to existing loan policy guidelines and to help Lenders confirm that applicants are credit worthy.
• Provide management, training, development, and coordination of credit analysts.
• Manage internal and external communication with loan review vendors/auditors.
• Update and provide loan reports as needed for regulatory and internal auditors, as well as management, including quarterly Watched Asset Reports and special projects. Assist in the development of portfolio and concentration reports.
• Successfully completes annual regulatory training as required by the bank and adheres to all applicable banking regulatory requirements for this position.
• Manage and help identify commercial loans to be pledged to the FHLB.

Job Qualifications:

• Bachelor's degree, 3-5 years of related experience and/or training; or equivalent combination of education and experience.
• Advanced knowledge of the Microsoft Office suite.
• Excellent written, verbal and interpersonal communication skills.
• Self-motivated, proactive, and goal oriented.
• Utilizes strong organizational skills to perform and prioritize a high volume of tasks simultaneously.
• Consistently achieves goals and meets strict deadlines while maintaining excellent attention to context, substance and detail.
• Embraces the team-oriented culture and works collaboratively across the Bank to support the Bank’s strategic growth plans.

The salary range listed is just one component of the Bank's total compensation package. Other rewards include fully paid medical, dental and vision insurance, dollar-for-dollar 401(k) match up to 10%; life insurance; disability plan; pension plan after 2 years of service; generous vacation and PTO time and a quarterly incentive.

Institution for Savings is an Equal Opportunity and affirmative action employer.