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- Tasks: Lead the Bank’s Credit Administration, ensuring top-notch loan management and compliance.
- Company: Join a reputable bank focused on quality lending and customer service.
- Benefits: Competitive salary, career growth, and a supportive team environment.
- Why this job: Make a real impact in banking while developing your leadership skills.
- Qualifications: Bachelor’s degree and experience in credit management preferred.
- Other info: Dynamic role with opportunities for mentorship and professional development.
The predicted salary is between 43200 - 72000 £ per year.
Overview
The Chief Credit Officer is responsible for the overall management of the Bank’s Credit Administration Department, including the underwriting and loan review analysis process, and all functions providing lending support, direction, credit information, and loan policies, procedures and processes to ensure the overall quality of the Bank’s lending portfolio.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Ability to work well with others in a team environment
- Provides accurate, efficient and exceptional customer service to both internal and external customers
- Maintains knowledge of and follows bank regulations, security, confidential and audit/compliance responsibilities, products, policies, procedures and meets deadlines.
- Ensures loans and agreements comply with state and federal laws, regulations and Bank lending policies and procedures
- Ensures accurate and timely servicing of the Bank’s loan portfolio.
- Oversees the production of loan documentation relating to the opening, servicing and closing of all loans
- Reviews and approves/declines large and complex loans prior to submission to Loan Committee
- Supervises the Bank’s special assets area in curing weak credits, collection of such credits, or the movement of such undesirable credits; assists in the compilation of loan status reports and implementing respective loan action plans; prepares a report on the status of the Bank’s special assets for submittal to the Board of Directors for review.
- Develop and maintain the bank’s CRA program and act as Board approved CRA Officer
- Maintains Allowance for Loan and Lease Loss Reserve (ALLL) and makes recommendations to executive management and the Board of Directors for the amount to be added/deducted to/from the loan reserve; reserve maintenance includes analyzing local, regional, and national economic conditions; loan losses and trends; and loan product concentrations
- Effectively utilizes technological systems to properly manage the credit administration functions and resolve problems within given authority
- Performs personnel actions including performance appraisals, disciplinary actions, and interviewing candidates for employment; supervises the daily activities of the department including, but not limited to, effective delegation of assignments, developing work schedules and providing necessary training.
- Attempts to ensure that individual loans are risk rated correctly when reviewing loans for loan committee submission
- Develops and maintains knowledge of financial industry, economy, market conditions, rates, vendors and competition
- Demonstrates consistency and fairness to all applicants
- Consistently apply and document override authority by establishing policy rules and severity levels to loan policy
- Compiles with Andover Bank’s lending policy and procedure
- Contribute and lead portfolio management to develop and grow a high-quality level portfolio
- Satisfactorily completes all training required for the position
- Other duties as assigned
SUPERVISORY RESPONSIBILITIES
The position of Chief Credit Officer is responsible for the supervision of three or more employees, and normally carries out supervisory responsibilities in accordance with the Bank\’s policies and applicable laws, ensuring adherence to EEO guidelines. Trains, mentors, disciplines and prepares employee performance reviews.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION/EXPERIENCE
Bachelor’s degree (B.A.) from a four-year college or university; preferred or one to two years related experience and/or training, or equivalent combination of education and experience
LANGUAGE SKILLS
Ability to read, analyze and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence and procedure manuals. Ability to effectively present information and respond to questions from groups, internal and external customers and the general public.
MATHEMATICAL SKILLS
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio and percent and to draw and interpret bar graphs.
REASONING ABILITY
Ability to apply common sense understanding to carry out detailed written or oral instructions. Must exercise independent judgement and discretion. Ability to deal with problems involving several concrete variables in standardized situations.
OTHER QUALIFICATIONS
Must be able to work effectively with the credit team. Strong organizational, analytical and communication skills. Computer Skills: Proficient computer skills; must have a demonstrated working knowledge of Microsoft Excel and Word. Must be able to learn other related software programs.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle; reach with hands and arms; and talk or hear. The employee is occasionally required to stand; walk; or climb; and stoop, kneel or crouch. The employee must regularly lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus
WORKING ENVIRONMENT/CONDITIONS
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
No hazardous or significantly unpleasant conditions (such as a typical office)
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SVP Chief Credit Officer employer: Andoverbankohio
Contact Detail:
Andoverbankohio Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land SVP Chief Credit Officer
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking and finance sector. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their lending policies and recent news. This will help you tailor your answers and show that you’re genuinely interested in the role of Chief Credit Officer.
✨Tip Number 3
Practice your interview skills with a friend or mentor. Focus on articulating your experience in credit administration and how you’ve successfully managed teams. Confidence is key, so the more you practice, the better you'll perform!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace SVP Chief Credit Officer
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Chief Credit Officer role. Highlight your experience in credit administration and any relevant achievements that align with the job description. We want to see how you can bring value to our team!
Showcase Your Team Spirit: Since this role involves working closely with others, don’t forget to mention your teamwork skills. Share examples of how you've collaborated effectively in previous positions. We love a good team player at StudySmarter!
Be Clear and Concise: When writing your application, keep it straightforward and to the point. Use clear language and avoid jargon unless it's industry-specific. We appreciate clarity and want to understand your qualifications without any fluff!
Apply Through Our Website: For the best chance of getting noticed, make sure to submit your application through our website. It’s the easiest way for us to track your application and get back to you quickly. We can’t wait to hear from you!
How to prepare for a job interview at Andoverbankohio
✨Know Your Credit Policies
Make sure you’re well-versed in the bank's lending policies and procedures. Brush up on state and federal regulations that affect credit administration, as this will show your commitment to compliance and quality management.
✨Showcase Your Leadership Skills
As a Chief Credit Officer, you'll be supervising a team. Prepare examples of how you've successfully led teams in the past, focusing on mentoring, performance appraisals, and effective delegation. This will demonstrate your capability to manage and inspire others.
✨Prepare for Technical Questions
Expect questions about your experience with credit analysis and loan documentation. Be ready to discuss specific cases where you’ve reviewed or approved complex loans, and how you ensured they met all necessary guidelines.
✨Demonstrate Analytical Thinking
Highlight your analytical skills by discussing how you assess economic conditions and trends affecting loan portfolios. Prepare to explain your approach to risk rating loans and how you’ve handled weak credits in the past.