Chief Credit Officer

ESSENTIAL FUNCTIONS
> The position works directly with various lending department managers to facilitate the origination of new loans in addition to improving the Bank's loan portfolio credit quality.
> Assists the Bank in meeting its overall business plan goals and maximizing loan profitability within capital risk limitations of the Bank.
> Develops, implements, and monitors loan policies, procedures and practices that strategically support the Bank's risk objectives.
> Performs direct supervisory duties of department staff, and coordinates staff for coverage in all related areas of the department.
> 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.
> Oversee the full range of managerial duties for the loan review, compliance, collections and credit analysis functions including adherence to policies and practices of the organization and applicable regulatory and governmental agencies.
> Implement a system of credit analysis and quality assurance for loans made as required by board directives; assign ratings as needed in conjunction with loan loss reserve analysis.
> Examine files periodically for assurance of credit and collateral documentation, regulatory compliance and loan policy conformance; review technical exceptions and deficiencies; maintain reports of continued outstanding exceptions to the Board of Directors.
> Prepare written analyses on all large loans, aggregate lending vs. indebtedness for individual borrowers, complex loans and weak loans.
> Identify problem loans, make recommendations for assignment of loans to review loan list that is reviewed quarterly with the board; discuss the status of problem loans with the CFO and senior lending officers and may make recommendations regarding the future credit information needs; identify loans meeting non-accrual or charge-off criteria.
> Provide quarterly analyses of the adequacy of the allowance for loan and lease losses for board discussion.
> Prepare periodic board reports.
> Prepare periodic studies of various portions of the loan portfolio including past due reports, concentrations of credit, etc. for the benefit of supervisory and executive officers.
> Evaluate and recommend policy changes based on compliance or loan reviews and the dissemination of other pertinent facts.
QUALIFICATION
> Bachelor’s degree (B.A.)
> Minimum 5 years experience in bank lending, loan review and/or compliance experience or equivalent education in bank lending, loan review/compliance procedures and policies.
MODE OF APPLICATION
Interested Candidates/Applicants should forward a Copy of their CVs to the HR: [email protected]
Only the shortlisted candidates will be contacted.