Credit Officer - Middle Market Lending
Sovereign Bank - New Jersey

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This position is located in Short Hills, NJ.

Job Duties

Responsible for evaluating and making decisions on renewals, modifications and new deals ensuring quality and soundness for credit transactions. Manages approval and commitment process (e.g. Committees) ensuring compliance with Credit Policy and accuracy of documents and supporting exhibits. Works with Regional Managers and clients negotiating and communicating final deal structure and terms. Continuously monitors
and proactively manages risk/exposure and compliance with Credit Policy for assigned portfolio. Frequently visits clients and reviews client performance and financials. Also provides guidance and mentoring to Credit Analysts. Responsible for evaluating financial performance of borrower and based on a variety of factors determining an appropriate
risk rating. Responsible for making decisions or recommendations on renewals, modifications, etc. Works with Relationship Manager and clients.

Authenticates all post loan closing activities, including conditions precedent to closing, are accurate and complete.

Authorizes decisions in areas of credit transactions, risk ratings and extensions of credit within limits of individual authority and makes recommendations on others. Credit Policy.

Communicates final deal structure, pricing, terms and conditions to client and Sales team maintaining integrity of formal Committee Approvals.

Continuously monitors and frequently visits clients providing an independent review of credit quality, client risk/exposure, risk ratings, compliance with Credit Policy and compliance with terms and conditions of legal agreement for assigned portfolio.

Evaluates structures, risk rates and underwrites companies with risk exposure or potential risk exposure to the bank. Ensures appropriate compliance with all band requirements and loan covenants.

Identifies early client risk/exposure, early detection of volatile industries and markets for assigned portfolio within designated region.

Manages approval process ensuring accuracy of approval documents memorandum (SAM), supplemental exhibits and underwriting is compliant with current Credit Policy standards and practices.

Negotiates terms and conditions of Credit with Relationship Manager.

Proactively manages credit risk and exposure for an assigned portfolio; initiates credit modifications and risk upgrading/downgrading, modifying terms and frequency of covenants, financial reporting, collateral security, audit schedule; initiates trans.

Responsible for formal credit review processes such as Monitoring as well as Credit File reviews, Audits, Compliance Reviews etc and on an on-going bases reviews for accuracy and completeness all formal loan documentation, comments and updates.

Responsible for the quality, integrity and soundness of all financial analysis, underwriting and credit approval processes for an assigned portfolio.

Visits and interacts in person and via phone/email with existing customers and potential customers on credit or risk related matters.

May identify cross sell opportunities as primary liaison for client prospects; interacts in-person and via phone with existing customers, potential customers and Corporate
Banking Sales teams on a routine basis. Identifies cross-sell opportunities.

Qualifications

Education: Bachelors or Equivalent

Bachelors Degree in Business Administration, Accounting, Finance,

Economics or equivalent experience. 3+ years experience as a Senior Credit Analyst, Senior Loan Senior Loan Workout Analyst, Senior Portfolio Manager, Senior Underwriter.

Ability to interact with all levels of management, work within a team environment and work independently.

Ability to work with large databases and datasets for extraction and conversion into useful business information.

Knowledge of Microsoft Office, particularly Excel.

Strong negotiation and presentation skills.

Strong organizational and administrative skills. Ability to multi-task.

Strong technical and analytical skills.

Strong written/verbal communication and interpersonal skills.

Thorough knowledge of financial statements, accounting principles, Credit Policy, applicable laws and industry data sources.

Contact Information

James Rhodes

Job ID: 52984

Notes

Performs job requirement/responsibilities in compliance with applicable laws and regulations

To express interest in and be considered for a position, please provide your background information and work experience by completing the employment application in its entirety. Incomplete information may result in rejection of your application from consideration.

Santander Bank - 2 years ago - save job
About this company
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Santander Holdings USA is the parent company of Sovereign Bank, which reigns in the Northeast with more than 700 branch locations....