Special Assets Credit Officer

Northwest Bank
United States, Indiana, Fishers
11 Municipal Drive (Show on map)
Nov 20, 2024
Description Job Summary The Special Assets Credit Officer functions as a credit resource recommending appropriate loan structures and risk ratings for commercial and Small Business credits while supervising the credit analysis team assigned to assure that work product is aligned with Northwest standards for consistent content and format, and that productivity assures timely completion of annual reviews and prompt completion of all other credit requests within the SAG Department. This position coordinates workload and productivity with the Director of Loss Mitigation, coaches and mentors credit analysts, and underwrites more complex credits. The Special Assets Credit Officer is responsible for assisting with and overseeing the loan impairment calculations in accordance with GAAP, as well as the administration and adherence of the Criticized Assets Reporting process, the Criticized Asset Policy, and serve as a backup for the Chair of the Criticized Assets Committee meetings. Essential Functions Assure underwriting product is consistent with established content and format requirements and aligned with Credit Policy Maintain a knowledge and understanding of regulatory / accounting concepts affecting commercial credit, including Appraising/FIRREA, Troubled Loan Modification, Non-Accrual and Impairment Assist Credit Risk Manager in administration and monitoring of loans within the Special Assets department, including monitoring the loan approval/renewal and annual review process. Coordinate and participate in quarterly "watch list" meetings with lending and supervisory staff Serve as a backup for Criticized Asset Committee Chair Attend and offer input /support to the ACL Committee Assist SAG Group to assure financial statements and third party due diligence are obtained for underwriting. Ability to manage, mentor and develop skills of credit analysts and support personnel Analyze financial statements to assess creditworthiness and offer opinions concerning loan structure, remediation of technical exceptions, and loan documentation. Identify and resolve credit problems / issues Remain current on all banking rules and regulations relating to Credit, Lending and GAAP. Independently review and analyze credit requests including large and complex commercial and industrial and commercial real estate with the objective of facilitating loan originations in a timely manner, within acceptable credit risk parameters Monitor, develop, and suggest revisions to workflows and procedures as necessary to enhance efficiency Recommend improvements to policies, procedures, and work flow to maximize efficiency and control costs Identify potential for credit losses and proposing appropriate risk mitigants as appropriate Identify loan impairment in accordance with GAAP and proposing appropriate risk mitigants as appropriate. Prepare or review impairment sheets in accordance with GAAP ASC-326 Process. Recommend improvement in process and strategic direction. Ensure compliance with Northwest's policies and procedures, and Federal/State regulations Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency Work as part of a team Work with on-site equipment Education + Experience Bachelor's degree in Business, Accounting, or Finance degree or related subject required 8-12 years of experience in an area related to commercial lending and / or commercial credit administration, specifically related to CRE and C&I lending preferred Prior supervisory experience preferred Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)