Chief Credit Officer

Summary: Directs and coordinates activities of the department and personnel engaged in conducting credit analysis.  Assists Loan Officers and Senior Management.  Develops and analyzes credit information pertaining to all loan types. 

Essential Functions: Essential duties and responsibilities include the following; however, other duties may be assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.    

• Assigns responsibilities for investigating and verifying financial status and reputation of prospective customers applying for credit, preparing documents to substantiate findings, and approves or rejects loan applications.
• Design, implement, and regularly update the credit policies and procedures to align with regulatory requirements, industry standards, and risk appetite.
• Develops credit information and implementation of policies, and procedures for use by lending officers or committees in making lending decisions on new, renewal and extension loans; prepares spreadsheet and financial information; prepares summary to present facts concerning credit worthiness.
• Assures periodic reviews of all credit, loan and collateral files to ensure that information is current; updated analysis of borrowers' financial position; loan review memos.
• Decisions loan requests for loan officers and banking center managers who do not have high enough loan authority.
• Advises loan officers of any material changes in borrowers' financial status which may increase the credit risk to the Bank.
• Maintain control over current accounts watching for developing problems and keeping loan officers informed.
• Assists loan officers and others in establishing and maintaining the proper documents relating to the perfections of the Bank's lien position on loans secured by various collateral.
• Serves as chairperson of the Officer Loan Committee.
• Maintains watch list and assigns specific reviews for doubtful accounts.
• Performs quarterly analysis of the allowance for credit losses.
• Reviews monthly reports from Collection Department for accuracy.
• Maintains an awareness and understanding of compliance issues and regulation.
• Establishes credit limitations on customer accounts and handles special credit arrangements and deviations from standard terms of payment.
• Audits delinquent accounts considered to be uncollectible to ensure maximum efforts have been taken before assigning bad debt status to account.
• Monitor the performance and quality of the loan portfolio, analyze trends, and report findings to senior management and the board of directors.  Regular reporting includes but is not limited to credit risk, portfolio performance, and policy adherence.
• Lead, mentor, and develop Credit Administration staff, fostering a culture of accountability, continuous improvement, and professional growth.
• Demonstrates a commitment to CSB’s vision, mission, and core values and seeks to align one’s behavior in such a way that gives these foundational principles the best chance at becoming a reality.

Education and/or Experience: Bachelor's degree (B. A.) from four-year college or university; minimum of 10 years of related work experience and/or training; or equivalent combination of education and experience.

Summary of Employee Benefits:

• Competitive base wage
• Incentive compensation and profit sharing
• Comprehensive benefits including medical, dental, vision, short- and long-term disability, and group life insurance – (plan and/or benefits eligibility requirements apply)
• Paid time off for vacation, illness, bereavement, and jury duty
• 401(k) with an employer match and on-site advisers
• Employee Assistant Program (EAP) with free access to mental health resources
• Comprehensive wellness program with financial incentives to promote a healthy lifestyle
• Training and professional development opportunities to help you reach your long-term goals
• Paid holidays available immediately upon hire
• Volunteerism opportunities to give back to our local communities

The Commercial & Savings Bank is an Equal Opportunity Employer.