Credit Officer Senior CB - City National Bank
San Jose, CA
About the Job
CREDIT OFFICER SENIOR CB
WHAT IS THE OPPORTUNITY?
Participates in the loan management process by providing credit and loan underwriting expertise to a Commercial Banking team. Analyzes prospective loan transactions and credit worthiness of borrowers. Validates the credit analysis prepared by the Credit Analysts and provides opinions and recommendations regarding proposed credit and potential risks. Ensures all due diligence and background evaluation is complete and thorough before a Credit Memo (“CM”) is submitted.
What you will do
+ Reviews loan request application, financial information and third party reporting (e.g., RE appraisal, Environmental reports, ABL Examinations, Inventory Appraisal, etc); evaluates and determines credit structure and terms; fully underwrites CM consistent with Bank format, policies and procedures; determines sources and uses of funds; analyzes industry data, competitive factors, historical performance, projected results, risks, and mitigating factors. Ensures CM 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.
+ Attends client meetings at Relationship Manager, CBS Manager, or Credit Manager's request to facilitate delivery of credit product and/or assist in problem resolution. Contacts borrowers directly for additional information and details related to loan request or clarification of financial materials and resources.
+ Provides balanced and appropriate credit guidance to Relationship Manager and CBS Manager and collaborates in determining appropriate credit strategy.
+ Provides credit alternatives and creative ways to structure credits ensuring that transactions are within profitability and portfolio risk standards. Authors Credit Memo.
+ Provides input to the Relationship Manager and CBS Manager when loan pricing does not appear to reflect inherent risk in subject transaction. Pricing may be either too high or too low. Restructures loans and/or lines of credit as required. Assumes accountability for minimizing Bank losses.
+ Performs quarterly Problem Loan reporting for Criticized / Classified credits including: financial reviews of client's financial condition including monitoring covenants and conditions. Takes a proactive approach toward development and implementation of Action Plans. Escalates potential credit issues to Relationship Manager, CBS Manager and/or Credit Manager.
+ Has primary role in early problem loan identification and the timely and accurate changes in loan grades. Monitors and takes initiative to respond to past due reporting items and/or covenant defaults based in partnership with Relationship Manager.
+ Maintains up-to-date knowledge on all Bank lending policies and regulations. Confers with the Credit Manager and appropriate Bank personnel regarding new/existing lending requirements and regulations.
+ Coordinate loan documentation including work with internal Legal department, Commercial Loan Center, or outside counsel to obtain the correct, accurate documents to ensure all loans are documented to fully protect the Bank’s interests in the credit relationship. Reviews collateral periodically to minimize credit risk.
Must-Have*
+ Bachelor's Degree or equivalent
+ Minimum 7 years of experience in underwriting medium to large sized and moderately-complex commercial credit required.
+ Minimum 7 years of experience in a banking or financial services environment required
+ or a minimum of 10 years experience in underwriting large and complex commercial loans
Skills and Knowledge
+ Requires extensive technical expertise and full knowledge of commercial credit principles, financial concepts and regular use of ingenuity and creativity in solving complex credit problems.
+ Communicates skillfully and effectively in both verbal/written forms.
+ Good organizational and time management skills.
+ Ability to assume responsibility and accountability for decision making.
+ Ability to work well independently to restructure loans and/or lines of credit as required.
Compensation
Starting base salary: $111,408 - $189,738 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
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. Get an inside look at our Benefits and Perks (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf) .
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.
ABOUT CITY NATIONAL
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
_*City National Bank does business in Miami and the state of Florida as CN Bank._
For more information about City National, visit cnb.com .
WHAT IS THE OPPORTUNITY?
Participates in the loan management process by providing credit and loan underwriting expertise to a Commercial Banking team. Analyzes prospective loan transactions and credit worthiness of borrowers. Validates the credit analysis prepared by the Credit Analysts and provides opinions and recommendations regarding proposed credit and potential risks. Ensures all due diligence and background evaluation is complete and thorough before a Credit Memo (“CM”) is submitted.
What you will do
+ Reviews loan request application, financial information and third party reporting (e.g., RE appraisal, Environmental reports, ABL Examinations, Inventory Appraisal, etc); evaluates and determines credit structure and terms; fully underwrites CM consistent with Bank format, policies and procedures; determines sources and uses of funds; analyzes industry data, competitive factors, historical performance, projected results, risks, and mitigating factors. Ensures CM 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.
+ Attends client meetings at Relationship Manager, CBS Manager, or Credit Manager's request to facilitate delivery of credit product and/or assist in problem resolution. Contacts borrowers directly for additional information and details related to loan request or clarification of financial materials and resources.
+ Provides balanced and appropriate credit guidance to Relationship Manager and CBS Manager and collaborates in determining appropriate credit strategy.
+ Provides credit alternatives and creative ways to structure credits ensuring that transactions are within profitability and portfolio risk standards. Authors Credit Memo.
+ Provides input to the Relationship Manager and CBS Manager when loan pricing does not appear to reflect inherent risk in subject transaction. Pricing may be either too high or too low. Restructures loans and/or lines of credit as required. Assumes accountability for minimizing Bank losses.
+ Performs quarterly Problem Loan reporting for Criticized / Classified credits including: financial reviews of client's financial condition including monitoring covenants and conditions. Takes a proactive approach toward development and implementation of Action Plans. Escalates potential credit issues to Relationship Manager, CBS Manager and/or Credit Manager.
+ Has primary role in early problem loan identification and the timely and accurate changes in loan grades. Monitors and takes initiative to respond to past due reporting items and/or covenant defaults based in partnership with Relationship Manager.
+ Maintains up-to-date knowledge on all Bank lending policies and regulations. Confers with the Credit Manager and appropriate Bank personnel regarding new/existing lending requirements and regulations.
+ Coordinate loan documentation including work with internal Legal department, Commercial Loan Center, or outside counsel to obtain the correct, accurate documents to ensure all loans are documented to fully protect the Bank’s interests in the credit relationship. Reviews collateral periodically to minimize credit risk.
Must-Have*
+ Bachelor's Degree or equivalent
+ Minimum 7 years of experience in underwriting medium to large sized and moderately-complex commercial credit required.
+ Minimum 7 years of experience in a banking or financial services environment required
+ or a minimum of 10 years experience in underwriting large and complex commercial loans
Skills and Knowledge
+ Requires extensive technical expertise and full knowledge of commercial credit principles, financial concepts and regular use of ingenuity and creativity in solving complex credit problems.
+ Communicates skillfully and effectively in both verbal/written forms.
+ Good organizational and time management skills.
+ Ability to assume responsibility and accountability for decision making.
+ Ability to work well independently to restructure loans and/or lines of credit as required.
Compensation
Starting base salary: $111,408 - $189,738 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
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. Get an inside look at our Benefits and Perks (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf) .
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.
ABOUT CITY NATIONAL
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
_*City National Bank does business in Miami and the state of Florida as CN Bank._
For more information about City National, visit cnb.com .
Source : City National Bank
