What are the responsibilities and job description for the VP, PM & Collections Credit Officer position at Banesco USA?
Job Title VP, PM & Collections Credit Officer
Banesco USA is seeking a VP, PM & Collections Credit Officer for our SBA Portfolio Management business unit.
Primary Job Duties
- Develop and maintain comprehensive credit policies and procedures aligned with the bank's risk appetite and regulatory requirements, specifically for SBA programs.
- Assist in the updating of credit policy and procedures related to SBA by drafting proposed changes, seeking consensus, and ultimately communicating any approved changes.
- Exercise prudent credit judgment through individual loan authority as approved by the Board of Directors.
- Monitor credit risk limits, concentration risk, and early warning indicators within the SBA portfolio.
- Evaluate, approve, or decline policy exceptions and modifications to existing loans, within individual loan authority.
- Monitor existing lending relationships assigned to the portfolio and complete annual, semi-annual, or quarterly reviews in a timely manner.
- Maintain oversight of all ongoing monitoring requirements but not limited to payment status, insurance and timely payment of real estate taxes within the bank’s loan portfolio.
- Validate and analyze reports such as Third-Party Site Visits, Financial Statements, Borrowing Base Certificates, Appraisals, etc., to verify compliance.
- Through ongoing portfolio management, detect early warning signs of deteriorating credit trends and recommend risk rating changes where applicable.
- Manage, train and develop the collections and portfolio management process for the bank’s SBA 7a portfolio.
- Act as a liaison between the customer and other departments of the bank to ensure the deferments, workout plans and/or modifications are processed in an efficient and timely manner.
- Prepare monthly Watch List comments and quarterly Adversely Classified Reports where applicable.
Job Requirements:
- Education: Bachelor’s degree in business, related field, or other acceptable alternative field required. MBA or advanced degree is preferred.
- Experience: Ten (10) years of progressive risk management experience in a diverse lending setting is required, with at least five (5) years in a senior leadership role of supervisory authority.
- Extensive knowledge of credit analysis, underwriting, and portfolio management.
- Proven track record of successfully managing credit risk in a banking environment.
- Experience in building/expanding national s the SBA 7a and Express loan programs, teams, and policies and designing/leading the execution of large-scale loan forgiveness processes (e.g., PPP) is highly desirable.
- Strong analytical and problem-solving skills.
- Effective ability to lead and motivate a team.
- Advanced knowledge in financial software such as but not limited to nCino and Moody’s.
- Advanced knowledge of structuring and underwriting commercial credits, including specialized lending.
- Strong client-centric skills, ensuring satisfaction of both internal and external customers.
- Strong understanding of banking regulations and risk management frameworks.
Benefits:
- Competitive base salary.
- Paid time off.
- Hybrid schedule.
- 401k with employer match.
- Tuition reimbursement.
- Paid parental leave.
- Free parking.
- Medical, Dental, Vision.
- Life Insurance.
- Supplemental Insurances.
- Short-Term & Long-Term Disability Benefits.
About Us:
Banesco USA is part of Banesco International, a worldwide group of financial institutions with presence in 14 countries. As a corporation in continuous evolution, we promote the ongoing professional and personal development of our employees, by embracing challenges and adapting to the changing environment of today’s world. We aim to develop integral human beings, committed to making a difference at the workplace and out in the world. Our actions are rooted in our Values: Reliability, Responsibility, Quality and Innovation. We believe that we all have the same ability to transform our daily tasks into significant contributions, and therefore, Leave Our Mark. At Banesco USA, one of our most valued assets is our enthusiastic team, which strives every day to create a world-class organization in an ever-changing world. Together, our team has made us a market leader and we invite you to join us.
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