Senior Credit Officer, Commercial Real Estate
The Senior Credit Officer Commercial Real Estate, reporting to the Chief Credit Officer (COO), is responsible for interacting primarily with the Commercial Real Estate lending, underwriting and special assets functions at the bank. This position provides support and direction to these areas to ensure the adequacy of the overall credit quality of the bank’s Commercial Real Estate, Cooperative Housing and Homeowner Association loan portfolio and collaborates with the CCO in making revisions to and updating loan policy, and for supporting procedures and underwriting guidelines on an annual basis. This position is a member of the Credit Risk Management Committee, Management Loan Committee and Watch List Committee and performs direct supervisory duties of any assigned department staff, and coordinates staff for coverage in all related areas of the department. The Senior Credit Officer assumes responsibility, and is accountable for, adherence to bank loan policies and procedures.
- Works collaboratively with the CCO, the Senior Credit Officer for C&I and SVP Credit Risk Management in setting overall strategy, making recommendations, and implementing policies and procedures around credit risk management for the organization with an emphasis on CRE, Cooperative Housing and Homeowner Association Lending. This position is the back up to the CCO and Senior Credit Officer for C&I when they are unavailable.
- Ensures operating policies, procedures, objectives and goals for each area of responsibility support Bank-wide policies and objectives, and meet regulatory expectations.
- Communicates and interpret lending policies under areas of responsibility and ensure that lenders and underwriters operate in accordance with applicable bank policies, laws and regulations and regulatory guidance.
- Assists the lenders and underwriters in identifying any exceptions to loan policy and ensure that mitigants are adequate and reasonable.
- Maintains and recommend changes to the Bank’s loan policies, including with respect to underwriting criteria, loan authorities, and structure requirements.
- Evaluates credit delivery processes, and serve as a change agent for the consistent implementation of improvements to credit processes, policies and procedures including underwriting, and portfolio management.
- Works with lenders, underwriters and relationship managers in a triage process to provide direction and solutions for customers and prospects. This includes serving as an effective partner to the Commercial Real Estate lines of business to assure they understand NCB’s credit standards and apply them consistently to meet customer’s needs while providing guidance on structure, i.e., covenant package, terms and conditions.
- Upholds credit and ethical standards. Promote a culture of compliance and ensure adherence to institutional credit policies and regulatory standards throughout the credit risk management group and broader organization.
- Assists in the management and support of Credit Risk Management including providing training, education and development opportunities.
- Reviews and has sign off / concurrence loan approval authority as outlined in Loan Policy. Reviews consist of making recommendations on content of write-ups, loan structure, terms, and pricing so as not to expose the Bank to undue credit risk and the authority to require a credit receive loan committee approval regardless of the size of the credit.
- Responsible for the independent review of the Bank’s Commercial Real Estate, Cooperative Housing and Homeowner Association loan portfolio on a continuing basis in order to prevent or reduce loan losses and is responsible for the risk rating accuracy for all CRE loans.
- Assists in the preparation of credit information which covers loan quality trends, growth trends, loan product concentrations and portfolio stress testing.
- Ensures that all duties are performed in accordance with banking compliance regulations, processes, and procedures and works with other areas in the bank, including the Compliance Officer and Chief Risk Officer, to ensure the integration of compliance strategies where appropriate, throughout the bank.
- Assists the CCO on all regulatory exams, external audits, internal audits and loan review and answers policy questions, negotiates inter-member and inter-team relations, coordinates training opportunities for team members, assists team members with customer issues, and enables system and procedure changes.
- Consistently applies good decision making techniques pertaining to inquiries, approvals, requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development.
- Provides leadership and training to less experienced Loan Officers, Underwriters, Relationship Managers and other staff members.
- Bachelor’s degree with emphasis in accounting or finance or equivalent, MBA or other relevant advanced degree preferred;.
- Minimum 15 years of progressive experience in commercial lending or credit related positions with a banking institution of similar or greater size. Prior Senior Credit Officer level role preferred.
- Extensive experience approving complex commercial CRE or C&I credit transactions. Experience with secondary market channels (FNMA and CMBS), and with NMTC, SBA, BIA, and other specialty lending areas, including cooperatives, preferred.
- Lending Experience preferred
- Prior experience working with key regulators, to include the OCC. Strong working knowledge of OCC Regulation and Guidance as it relates to credit dynamics of a financial institution.
- Solid understanding of end-to-end credit processes and proven ability to improve existing underwriting, approval and portfolio management processes
- Ability to build and maintain strategic relationships and partner with all lines of business to provide sound credit management guidance.
- Must possess strong logical/critical thought processes.
- Outstanding communications, organizational, and execution skills.
- Ability to recruit, develop, and retain top talent to the organization to ensure adequate succession planning and bench strength.
- Ability and willingness to remain in contact with internal and external contacts on extended day basis (given national footprint of Bank, including Alaska).
- Mastered knowledge of commercial, construction and real estate underwriting.
- Excellent oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, interpret documents, understand procedures, write reports and correspondence, speak clearly to customers and employees.
- Demonstrate the ability to adapt to change. Understand that change will occur, expect it, effortlessly perform during and after the change using the perspectives, tools, and techniques provided within the organization.
- Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
- Excellent organizational and time management skills.
- Ability to work with no supervision while performing duties.
Working Together. Building Community. It is more than our mission; it is the way we do business with our customers, and it is the employee culture of the bank. We offer a great place for people to work. We actively promote an inclusive environment where all employees have the opportunity to achieve professional and personal success and contribute to the organization and the community.
National Cooperative Bank, N.A. is an Equal Employment Opportunity Employer (EOE/AA)