Sr. Commercial Credit Risk Manager

Valley Bank; Morristown (NJ); On-site; USD 110,000 - 170,000; Full time

Job summary

Valley Bank in Morristown, NJ, is seeking an experienced credit professional to manage an assigned loan portfolio, underwrite new transactions, and oversee compliance with the bank's credit policy. The role requires strong analytic, mentoring of junior staff, and effective communication with clients and internal teams; a minimum of 7 years in commercial lending and a bachelor’s degree preferred.

This is a full-time, on-site position offering opportunities to contribute to portfolio growth and

Qualifications

• Minimum of 7 years of experience in a commercial lending environment.
• Strong knowledge of underwriting guidelines and RACs.
• Ability to structure deals and explain terms to lenders.
• Proficient with MS Word, Excel and Outlook.
• Strong interpersonal and organizational skills.
• Ability to write reports and business correspondence.
• Excellent time-management and credit analysis skills.
• Solid understanding of loan documentation and risk assessment.

Responsibilities

• Monitor the ongoing financial health of an assigned loan portfolio and communicate with clients and the business team.
• Underwrite and structure new transactions, renewals, extensions, increases, and modifications.
• Lead external client meetings and internal deal discussions; advise on policy and loan structures.
• Review credit packages and mentor junior team members.
• Perform due diligence, prepare credit presentations, and oversee closing process.
• Approve transactions within lending authority when applicable.
• Maintain dashboards and compliance with loan terms; contact clients for monitoring.
• Prepare quarterly portfolio reports and participate in special projects.

Skills

Underwriting knowledge

Credit policy

Interpersonal skills

Time management

Financial analysis

Report writing

Communication

Education

High School diploma or GED

Bachelor's degree

Tools

Microsoft Word

Microsoft Excel

Microsoft Outlook

Job description

At Valley Bank, we believe in people’s growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we’ve been the Bank that clients from every industry turn to for our expertise, strategies, and advice—building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth—with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US.

At Valley, we're all driven by an ambition that goes deeper than just having a job. That’s why when you work for us, we make it our goal to help you focus on what drives you—working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that's not just reserved for our clients—that includes all our associates as well.

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Responsibilities Include But Are Not Limited To

• Responsible for monitoring on a timely basis the ongoing financial health of an assigned loan portfolio while maintaining the ongoing communication and dialogue with clients in conjunction with the business team for all credit related reporting and business updates.
• Underwrites and structures new prospective transactions as well as renewals, extensions, increases, and material modifications and amendments for existing clients.
• Leads 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.
• Reviews credit packages completed by junior team members and provides general guidance and mentorship.
• 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, and oversees the legal documentation and closing process.
• Approves transactions under individual lending authority, when applicable.
• 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.
• Advanced knowledge of credit underwriting, financial accounting and loan documentation.
• Advanced 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 7 years of experience in a commercial lending environment in a credit-oriented and underwriting position.

Preferred Experience

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