CREDIT OFFICER II - PBB
WHAT IS THE OPPORTUNITY?
Participates in the* SBA loan origination underwriting management process by providing credit and loan underwriting expertise to a team of SBA BDO's and Personal & Business Banking Relationship Managers. Is client facing and manages all aspects of credit relationships for clients. Provides credit product expertise in an advisory capacity and ensures all due diligence and background evaluation is complete and thorough before credit approval is granted. Validates the credit analysis prepared by the Credit Analyst's and provides opinions and recommendations regarding proposed credit and potential risks. Ensures all due diligence and background evaluation is complete and thorough before *nCino Credit Recommendation is submitted.
Solutions are thorough, and require analysis, interpretation, and evaluation of financial statements, cash flow analysis, third party reporting, familiarity with various industries, collateral issues and values.
Ability to underwrite a variety of SBA loan purposes including CRE purchase/refinances, debt refinance, business acquisitions, partner buy-outs, tenant improvements, working capital, and other use of proceeds.
WHAT WILL YOU DO?
Responds to questions or inquiries from internal and external clients concerning credit policies, procedures, structuring, etc. before it is elevated, if necessary, to the SBA Credit Manager.
Evaluates and examines SBA credit requests in order to assess credit worthiness including loan quality, cash flow repayments analysis, eligibility, credit risk classification, loan structure, collateral analysis, loan conditions,* *pricing and adherence to Bank policies/procedures and SBA SOP.
Attends pipeline meetings at Credit Manager's request to facilitate delivery of the credit decisions and/or or assist in problem resolution.
Manages the financial analysis and preparation of the *C*redit Recommendation Memo. This includes ensuring that the CRR contains a well-supported recommendation or decision; the risk rating is correct and supported; and the data and analytics used to support the decision are accurate and calculated correctly.
Collaborates with team members by providing credit alternatives and creative ways to structure credits ensuring that transactions are within profitability and portfolio risk standards. Restructures loans and/or lines of credit as required. Assumes accountability for minimizing Bank losses.
Corresponds with Special Assets department including reconciliation of criticized and classified SBA loan portfolio.
Assists in ensuring SBA loan portfolio remains compliant with SBA Standard Operation Procedures requirements.
Assists in early problem loan identification and the timely and accurate changes in loan grades. Monitors and takes initiative to respond to past dues based on information provided by the Relationship Manager.
Assists with quarterly, semi-annual, and annual financial reviews of client's financial condition including monitoring covenants and conditions.
Assists with loan* *reviews and responds to questions raised in internal and external audits and examinations.
Maintains up-to-date knowledge on all Bank lending policies and regulations. Confers with the Manager and appropriate Bank personnel regarding new/existing lending requirements and regulations.
Acts in accordance with Bank' credit culture and strategies.
Responsible and accountable for appropriate quality controls related to the financial products the bank provides, the services the bank delivers, the processes employed and the incentives with which colleagues are awarded.
All City National products, financial solutions and services are to be provided ethically and with integrity in a manner that is consistent with the client-first culture and values embodied in City National's PRIDE statement.
WHAT DO YOU NEED TO SUCCEED?
Required Qualifications
Bachelor's Degree or equivalent
Minimum 5 years' experience in underwriting small to medium sized and moderately complex commercial credit required.
Minimum 5 years of experience in a banking or financial services environment required.
Experience in underwriting Personal and Business Banking commercial credit loans, which includes analyzing, interpreting, and evaluating financial statements, cash flow analysis, familiarity with various industries, collateral issues and values, loan structuring and guarantor personal financial statements and tax returns.
WHAT'S IN IT FOR YOU?
CompensationStarting base salary: $44.28 - $75.42 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
Generous 401(k) company matching contribution
Career Development through Tuition Reimbursement and other internal upskilling and training resources
Valued Time Away benefits including vacation, sick and volunteer time
Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
Career Mobility support from a dedicated recruitment team
Colleague Resource Groups to support networking and community engagement
Get a more detailed look at our https://careers.cnb.com/benefits.
ABOUT US
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at https://www.cnb.com/about-us.html.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
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