Chief Credit Officer

NPAworldwide

Aug 26

Applications are closed

Job
Full-time
Expert Level
Accounting & Tax
Banking & Finance
Greenville

Requirements

Qualifications
Bachelors degree in finance, accounting, statistics or a related field. MBA/CPA/Graduate School of Banking a plus.
15 + years of commercial banking experience in credit administration, analysis, and risk mitigation with direct credit approval and supervisory experience in commercial real-estate, construction, and commercial and industrial lending and leasing.
15+ years of progressive leadership experience.
Knowledge in common data management and reporting software. Banking/Lending experience required.
Passion for community banking is essential.
COMPUTER AND EQUIPMENT SKILLS: Proficient working knowledge of PC for Windows, Microsoft Office Suite (Word, Excel, and PowerPoint), Internet, Email and various bank software systems and equipment applicable to the position. Understanding of how to use the following equipment: computers, fax machines, copiers, scanners and printers.
OTHER SKILLS:
Strong understanding of loan underwriting, the lending process, and controls and policies governing the lending process for consumer and small business loans.
Strong understanding of legal and regulatory guidance governing bank lending.
Small and middle market lending and credit experience, specifically in C & I and CRE. Retail lending management experience, construction lending and Participation loan management are considered a plus.
Problem Loan management and allowance for loan loss management and methodology experience.
Strong management and partnering skills.
Excellent written and verbal communication skills.
Ability to maintain confidentiality.

Responsibilities

Oversees all aspects of the banks credit risk management function.
This position is responsible for ensuring the Bank maintains adequate credit risk and ensuring full compliance with all lending related banking laws, regulations, and internal policies and procedures.
Serves as an advisor to senior management and the Board in areas of credit risk.
The CCO leads and oversees all lending related compliance, internal audit, external audit and regulatory relations.
The CCO is also responsible for the overall management of all loan administration and credit related activities for the Bank.
The CCO is accountable for the entire credit granting process, including the consistent application of a lending policy, periodic credit reviews of existing customers, & the assessment of the creditworthiness of potential customers, with the goal of optimizing the mix of loan sales & outstandings & credit risk.
The CCO oversees the loan administration function of the bank.
Accountable for credit underwriting strategy and execution including setting credit policy and working with CEO to identify risks.
Develop department financials goals including credit quality, volume and risk distribution.
Provide recommendations on loan structure, terms, risk rating and pricing.
Implements and monitors credit policies and procedures with controls sufficient to maintain asset quality and credit risk management.
Manage the credit analysis and administration teams including recruitment, development, compensation, and performance management.
Review, modify, approve or decline loans within lending authority. Serves as primary concurrence officer for all credits approved outside of loan committee including credits needing exception approval, credits needing secondary officer approval above manager's authority, manager-sponsored credits needing primary approval, covenant waivers, credit amendment memorandum approvals, term loan review approvals, and leasing transactions.
Works with credit analysts and commercial lenders to ensure consistency; adherence to credit criteria, information guidelines, underwriting requirements, and performance expectations of the portfolio.
Manages Special Assets department and oversees resolution of classified assets.
Works directly with the Controller to oversee FASB 114 impairment recommendations and report ALLL, including TDRs, according to regulatory requirements.
Prepare and distribute reports related to loan quality and growth trends and loan product concentrations.
Utilize the quarterly Allowance for Loan and Lease Losses (ALLL) report to provide recommendations as to the amount to be reserved for losses by analyzing local, regional, national economic conditions, loan losses and trends, and loan product concentrations.
Review real estate data and assess the impact on the clients loan portfolio.
Participate in bank committees including but not limited to ALLL Committee, quarterly Board Loan Committee, and Loan Committee.
Represent the clients in various customer and industry functions to further enhance its' image and contribute to establishing and growing its' market position.

FAQs

Is this position eligible for remote work?

No, this is not a remote/work from home opportunity.

Who will the Chief Credit Officer report to?

The Chief Credit Officer will report to the Chief Executive Officer.

What are the main responsibilities of the Chief Credit Officer?

The Chief Credit Officer oversees all aspects of the bank's credit risk management function, ensures compliance with lending laws and regulations, manages loan administration and credit-related activities, and provides credit decisions and underwriting strategy.

What qualifications are required for the Chief Credit Officer role?

A Bachelor’s degree in finance, accounting, statistics, or a related field is required, along with 15+ years of commercial banking experience in credit administration, analysis, and risk mitigation. An MBA or CPA is a plus.

Is prior experience in retail banking necessary?

While retail banking management experience is considered a plus, strong experience in commercial lending, particularly in commercial real estate and construction, is essential.

What skills are essential for the Chief Credit Officer position?

Strong understanding of loan underwriting, the lending process, regulatory guidance, problem loan management, excellent communication skills, and strong management abilities are essential.

What is the salary range for the Chief Credit Officer position?

The salary range for the Chief Credit Officer position is between $180,000 and $249,999 annually.

Will I need to manage a team in this role?

Yes, the Chief Credit Officer will manage the credit analysis and administration teams, including recruitment, development, compensation, and performance management.

Are there opportunities for professional development in this role?

Opportunities for professional development may arise through the responsibilities and involvement in bank committees, as well as engagement in industry functions.

What type of experience is preferred regarding loan management?

Experience in small and middle market lending, credit experience specifically in commercial and industrial lending, and knowledge of allowance for loan loss management is preferred.

NPAworldwide

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Human Resources

Industry

1001-5000

Employees

1956

Founded Year

Mission & Purpose

NPAworldwide connects premier independent recruiting firms located throughout Europe, Asia, Australia, Africa and the Americas to facilitate cooperative, split-fee placements. Working with an NPAworldwide member ensures: * Global reach with timely response * Industry/occupational specialties * Cultural sensitivity * Unparalleled integrity