Credit Officer II , Asset Based Lending - 1LOD Credit Products - City National Bank

• Prepares credit analysis for prospective asset based loan opportunities.  Requests and analyzes the necessary financial and collateral reports used by the Deal Team to diligence, evaluate, and recommend appropriate credit structure and terms for potential borrowers.  Provides balanced and appropriate credit opinions and guidance to Relationship Manager and Credit Manager and collaborates with colleagues to determine appropriate credit strategy. 

• Able to fully and independently author credit approval memorandum to request formal approval for new and renewed asset based lending transactions consistent with Bank format and policies/procedures.  Ensures credit request contains a well-supported, balanced recommendation or decision that is based on thorough and correct diligence, and that the proposed risk rating is accurate and fully justified.  Additional contributions include the review and analysis of a potential borrower’s financial statements to identify strengths and weaknesses, analysis of industry data and competitive factors, identification of potential risks and accurate mitigants, review of collateral reporting including field examinations, appraisals and borrowing bases, construction of Excel-based financial projections utilizing industry research and borrower’s guidance. 

• May coordinate negotiation and/or review of loan documentation, including work with legal counsel to obtain correct, accurate documents and to ensure that all loans are correctly documented and align with credit-approved terms in order to fully protect the Bank’s interests.   

• Attends client meetings at Relationship Manager or Credit Manager’s request to perform due diligence and/or assist in problem resolution.  Contacts borrowers directly to request additional information and support related to a loan request or to ask questions/seek clarification on financial and collateral reports. 

• Contributes to portfolio management responsibilities, including annual reviews, quarterly trend cards, and ongoing collateral analysis.  Reviews and analyzes borrower financial statements to determine if operating performance and liquidity are consistent with underwriting expectations.  Accuratenly identifies strengths and weaknesses pertaining to a borrower’s financial position.  Timely reaffirm and justify existing risk ratings or recommend risk rating modifications.  Independently assesses and seeks approval for amendment requests. 

• Works closely with credit analysts and mentors/coaches the development of credit and underwriting skills.  Proactively partners with junior credit team colleagues to ensure that portfolio management activities (annual reviews, trend cards) and credit requests are completed timely and accurately.     

• Maintains up-to-date knowledge and understanding of all Bank lending policies and regulations.  Confers with the Credit Manager and appropriate Bank colleagues regarding new/existing lending requirements and regulations. 

• Tracks and reviews borrower-prepared reporting requirements and works with other 1LOD Credit colleagues to ensure that internal and external reporting requirements are satisfied.

• Maintains strong work ethic and professional demeanor to build and maintain respect, confidence and trust with Relationship Managers, Credit Manager and Credit Administration. 

• Maintains appropriate balance of meeting client’s needs and maintaining risk management standards and protection of the Balance Sheet.

• Other duties as required. 

Must-Have*

• Bachelor's Degree or equivalent
• Minimum 5 years of experience in underwriting medium sized cash flow loans.
• Minimum 5 years of experience in a banking or financial services environment required.

Skills and Knowledge:

• Strong verbal and written communication skills to present clear and precise recommendations supported by financial statement, collateral and credit analysis for action on loans.
• Strong analytical, organizational, interpersonal, communication and time management skills.
• Previous experience with asset based lending and familiarity with collateral analysis strongly preferred.
• Proficient in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
• Excellent credit and underwriting skills.
• Strong knowledge of accounting and financial statement analysis.
• Ability to work well independently or with a team and interact effectively with all levels of Bank personnel and outside contacts. 
• Comfortable with and willingness to assume responsibility and accountability for decision making. 
• Requires a working knowledge of appropriate banking laws, regulations and bank policies and practices.