Manager Credit CB - City National Bank
Irvine, CA
About the Job
MANAGER CREDIT CB
WHAT IS THE OPPORTUNITY?
Directs and manages the work flow and activities of the underwriting and credit function. Oversees credit management process for portfolio management and originations. Reviews loan structures to ensure that acceptable credit standards are maintained and that all loans conform to established company policy. Monitors and evaluates, on an ongoing basis, new and existing portfolios for potential risks and exposure. Acts as the technical expert or may structure credits on large, complex loans.
What you will do
+ Credit Underwriting
+ Manages and prioritizes, with Division Manager, the credit underwriting workflow (e.g., loans/commitments, CRR, Renewals, etc.). Delegates and assigns credit staff to relationship teams based on experience, availability and portfolio complexity and size.
+ Evaluates and examines credit requests in order to assess credit worthiness including loan quality, credit risk classification, loan structure, collateral analysis, pricing and adherence to Bank policies.
+ Reviews financial spreads and associated financial statements and notes, credit documentation and structure, commitments, etc. for the purpose of risk rating loans, determining the degree of attention required, identifying potential credit problems and ensuring conformity to company lending policies and practices. Recommends action to prevent potential loss.
+ Monitors the credit underwriting process, activities and products for quality, compliance and consistency while satisfying client needs.
+ Maintains strong communication ties with Underwriters, Credit Analysts and Commercial Banking Relationship Managers on credit matters and loans, including presentation and recommendations of extensions, renewals and commitments to necessary approval authorities, industry research and analysis, structure, pricing and management assessment.
+ Participates in joint calls with Relationship Managers; provides guidance and ideas to clients and prospects
+ Lead Deal Team for large, complex credits over $10MM
+ Portfolio Monitoring/Management
+ Monitors and evaluates the credit quality of new and existing commercial loans and interfaces with Credit Administration to discuss deal structure, status of CRs and other follow up items on as needed basis.
+ Oversees loan activities which include the review of reports (e.g., Loan Activity Reports, Past Due Reports, Trial Balances) for unusual transactions and appropriate loan grades, timely submission of financial statements, borrowing base, compliance certificates and compliance with financial covenants and address violations (waiver, forbearance, default letters).
+ Ensures that all credit files are kept current with latest financial statements, agency reports, etc.
+ Staff Management (varies by location and business need)
+ Develop, training and development action plan for team members.
+ Coach, and motivate team members; identifying staff development needs and mentoring high potential colleagues.
+ Hire, terminate, counsel colleagues as needed.
+ Maintain appropriate staffing ratios and manage resources to optimize client support and unit profitability.
+ Administration
+ Oversees the preparation for and participation in federal examinations, independent audits and all internal audits by the OCC and Loan Review.
+ Prepares a variety of reports to monitor renewals, past dues, portfolio risks, loan compliance, etc.
+ Monitors performance, gives on-going performance feedback and conducts effective performance appraisals. Trains, coaches, counsels and provides general direction and guidance to staff.
+ Additional
+ Responsible and accountable for appropriate quality controls related to the financial products the bank provides, the services the bank delivers, the processes employed and the incentives with which colleagues are awarded.
+ All City National products, financial solutions and services are to be provided ethically and with integrity in a manner that is consistent with the client-first culture and values embodied in City National’s PRIDE statement.
Must-Have*
+ Bachelor's Degree or equivalent
+ Minimum 10 years credit administration and portfolio management experience
+ Minimum 2 years leadership/management experience
Skills and Knowledge
+ Knowledge and skill set is normally acquired through a Bachelor’s degree in Finance, Accounting, Business or related field
+ Minimum of 15 years of credit administration and portfolio management experience
+ Minimum 2 years leadership/management experience
+ Minimum 5 years of sales experience
+ Strong knowledge of credit, accounting, credit policy and financial statement
+ Excellent organizational and analytical skills
+ Excellent ability to analyze credits, as well as a detailed knowledge of lending structure and cash flow analysis
+ Strong verbal and written communication skills to present clear and precise recommendations based upon analysis for action on loans.
Compensation
Starting base salary: $141,830 - $263,408 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
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.
WHAT IS THE OPPORTUNITY?
Directs and manages the work flow and activities of the underwriting and credit function. Oversees credit management process for portfolio management and originations. Reviews loan structures to ensure that acceptable credit standards are maintained and that all loans conform to established company policy. Monitors and evaluates, on an ongoing basis, new and existing portfolios for potential risks and exposure. Acts as the technical expert or may structure credits on large, complex loans.
What you will do
+ Credit Underwriting
+ Manages and prioritizes, with Division Manager, the credit underwriting workflow (e.g., loans/commitments, CRR, Renewals, etc.). Delegates and assigns credit staff to relationship teams based on experience, availability and portfolio complexity and size.
+ Evaluates and examines credit requests in order to assess credit worthiness including loan quality, credit risk classification, loan structure, collateral analysis, pricing and adherence to Bank policies.
+ Reviews financial spreads and associated financial statements and notes, credit documentation and structure, commitments, etc. for the purpose of risk rating loans, determining the degree of attention required, identifying potential credit problems and ensuring conformity to company lending policies and practices. Recommends action to prevent potential loss.
+ Monitors the credit underwriting process, activities and products for quality, compliance and consistency while satisfying client needs.
+ Maintains strong communication ties with Underwriters, Credit Analysts and Commercial Banking Relationship Managers on credit matters and loans, including presentation and recommendations of extensions, renewals and commitments to necessary approval authorities, industry research and analysis, structure, pricing and management assessment.
+ Participates in joint calls with Relationship Managers; provides guidance and ideas to clients and prospects
+ Lead Deal Team for large, complex credits over $10MM
+ Portfolio Monitoring/Management
+ Monitors and evaluates the credit quality of new and existing commercial loans and interfaces with Credit Administration to discuss deal structure, status of CRs and other follow up items on as needed basis.
+ Oversees loan activities which include the review of reports (e.g., Loan Activity Reports, Past Due Reports, Trial Balances) for unusual transactions and appropriate loan grades, timely submission of financial statements, borrowing base, compliance certificates and compliance with financial covenants and address violations (waiver, forbearance, default letters).
+ Ensures that all credit files are kept current with latest financial statements, agency reports, etc.
+ Staff Management (varies by location and business need)
+ Develop, training and development action plan for team members.
+ Coach, and motivate team members; identifying staff development needs and mentoring high potential colleagues.
+ Hire, terminate, counsel colleagues as needed.
+ Maintain appropriate staffing ratios and manage resources to optimize client support and unit profitability.
+ Administration
+ Oversees the preparation for and participation in federal examinations, independent audits and all internal audits by the OCC and Loan Review.
+ Prepares a variety of reports to monitor renewals, past dues, portfolio risks, loan compliance, etc.
+ Monitors performance, gives on-going performance feedback and conducts effective performance appraisals. Trains, coaches, counsels and provides general direction and guidance to staff.
+ Additional
+ Responsible and accountable for appropriate quality controls related to the financial products the bank provides, the services the bank delivers, the processes employed and the incentives with which colleagues are awarded.
+ All City National products, financial solutions and services are to be provided ethically and with integrity in a manner that is consistent with the client-first culture and values embodied in City National’s PRIDE statement.
Must-Have*
+ Bachelor's Degree or equivalent
+ Minimum 10 years credit administration and portfolio management experience
+ Minimum 2 years leadership/management experience
Skills and Knowledge
+ Knowledge and skill set is normally acquired through a Bachelor’s degree in Finance, Accounting, Business or related field
+ Minimum of 15 years of credit administration and portfolio management experience
+ Minimum 2 years leadership/management experience
+ Minimum 5 years of sales experience
+ Strong knowledge of credit, accounting, credit policy and financial statement
+ Excellent organizational and analytical skills
+ Excellent ability to analyze credits, as well as a detailed knowledge of lending structure and cash flow analysis
+ Strong verbal and written communication skills to present clear and precise recommendations based upon analysis for action on loans.
Compensation
Starting base salary: $141,830 - $263,408 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
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.
Source : City National Bank