Manager Credit - Specialty Banking - City National Bank
Work From Home, NC
About the Job
MANAGER CREDIT - SPECIALTY BANKING
WHAT IS THE OPPORTUNITY?
Key contributor in the loan management process by providing credit and loan underwriting expertise to a team of Specialty Banking Relationship Managers and Credit Officers. Supervises a Specialty Banking Credit Officer teams. For new business development and the management of the existing client portfolios, the Credit Manager will analyze prospective and existing loan transactions and the credit worthiness of new and existing clients. Will provide recommendations and guidance regarding proposed credits and potential risks. Ensures all due diligence and background evaluation is complete and thorough before credit approval is granted.
What you will do
+ Manages workflow and priorities of Credit team. Determines and assigns work assignments to Credit Officers and Credit Analysts based on experience, availability, and portfolio complexity and size.
+ Provides technical guidance to and reviews the work of less experienced Credit Officers and Credit Analysts. Guides and assists the Credit Officers and Credit Analysts in research, credit structuring, financial analysis, etc. for complex accounts.
+ Responds to questions or inquiries from internal and external clients concerning credit policies, procedures, structuring, etc. before it is elevated, to the Division Credit Manager.
+ Manages and monitors performance, gives on-going performance feedback and participates in conducting effective performance appraisals. Trains, coaches, counsels and provides direction and guidance to staff.
+ Develops and motivates team members; identifies staff development needs and provides educational/training opportunities.
+ Assists the Division Credit Manager in departmental reporting of past dues, portfolio reviews, etc.
+ Provides balanced and appropriate credit guidance to Relationship Managers and Credit Officers/Analysts and collaborates in determining appropriate credit strategy.
+ Provides guidance and input when loan pricing does not appear to reflect inherent risk in subject transaction.
+ In coordination with the unit Manager, manages credit pipeline for all new and increased loan requests.
+ Manages the financial analysis and preparation of the CRR. This includes ensuring that the CRR contains a well-supported recommendation or decision; the risk rating is correct and supported; and the data and analytics used to support the decision are accurate and calculated correctly.
+ Collaborates with team members by providing credit alternatives and creative ways to structure credits ensuring that transactions are within profitability and portfolio risk standards. Reviews and approves credit approval memorandum.
+ Reviews quarterly financial updates of client’s financial condition including monitoring covenants and conditions. Communicates and discusses findings with the Relationship Managers, Credit Officers/Analysts and team Manager, where necessary.
+ Works with Credit Administration and Credit Portfolio Risk to facilitate accurate and timely credit decisions and optimal credit strategy.
+ Maintains up-to-date knowledge on all Bank lending policies and regulations. Confers with the Manager and appropriate Bank personnel regarding new/existing lending requirements and regulations.
+ Acts in accordance with Bank’ credit culture and strategies.
+ Works on portfolio related special projects and reporting including amendments and/or changes to Credit Policy.
+ 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
+ Combined 10 years of Corporate and/or Commercial Credit Management / Underwriting experience.
+ Minimum Six years of supervisory or management experience
Skills and Knowledge
+ College degree in Business Administration or a related field and/or a minimum ten years of experience in underwriting large and complex commercial credit and corporate loans, which includes analyzing, interpreting, and evaluating financial statements, cash flow analysis, financial projections, familiarity with various industries, collateral issues and values, loan structuring and guarantor personal financial statements and tax returns.
+ Possesses six to eight years of management or supervisory experience.
+ Highly knowledgeable in corporate credit policies and procedures.
+ Strong credit analysis and accounting skills with the ability to communicate skillfully and effectively in both verbal/written forms.
+ Good organizational skills.
+ Ability to assume responsibility and accountability for decision making.
+ Ability to work well independently and in teams and interact effectively with all levels of Bank personnel and outside contacts.
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?
Key contributor in the loan management process by providing credit and loan underwriting expertise to a team of Specialty Banking Relationship Managers and Credit Officers. Supervises a Specialty Banking Credit Officer teams. For new business development and the management of the existing client portfolios, the Credit Manager will analyze prospective and existing loan transactions and the credit worthiness of new and existing clients. Will provide recommendations and guidance regarding proposed credits and potential risks. Ensures all due diligence and background evaluation is complete and thorough before credit approval is granted.
What you will do
+ Manages workflow and priorities of Credit team. Determines and assigns work assignments to Credit Officers and Credit Analysts based on experience, availability, and portfolio complexity and size.
+ Provides technical guidance to and reviews the work of less experienced Credit Officers and Credit Analysts. Guides and assists the Credit Officers and Credit Analysts in research, credit structuring, financial analysis, etc. for complex accounts.
+ Responds to questions or inquiries from internal and external clients concerning credit policies, procedures, structuring, etc. before it is elevated, to the Division Credit Manager.
+ Manages and monitors performance, gives on-going performance feedback and participates in conducting effective performance appraisals. Trains, coaches, counsels and provides direction and guidance to staff.
+ Develops and motivates team members; identifies staff development needs and provides educational/training opportunities.
+ Assists the Division Credit Manager in departmental reporting of past dues, portfolio reviews, etc.
+ Provides balanced and appropriate credit guidance to Relationship Managers and Credit Officers/Analysts and collaborates in determining appropriate credit strategy.
+ Provides guidance and input when loan pricing does not appear to reflect inherent risk in subject transaction.
+ In coordination with the unit Manager, manages credit pipeline for all new and increased loan requests.
+ Manages the financial analysis and preparation of the CRR. This includes ensuring that the CRR contains a well-supported recommendation or decision; the risk rating is correct and supported; and the data and analytics used to support the decision are accurate and calculated correctly.
+ Collaborates with team members by providing credit alternatives and creative ways to structure credits ensuring that transactions are within profitability and portfolio risk standards. Reviews and approves credit approval memorandum.
+ Reviews quarterly financial updates of client’s financial condition including monitoring covenants and conditions. Communicates and discusses findings with the Relationship Managers, Credit Officers/Analysts and team Manager, where necessary.
+ Works with Credit Administration and Credit Portfolio Risk to facilitate accurate and timely credit decisions and optimal credit strategy.
+ Maintains up-to-date knowledge on all Bank lending policies and regulations. Confers with the Manager and appropriate Bank personnel regarding new/existing lending requirements and regulations.
+ Acts in accordance with Bank’ credit culture and strategies.
+ Works on portfolio related special projects and reporting including amendments and/or changes to Credit Policy.
+ 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
+ Combined 10 years of Corporate and/or Commercial Credit Management / Underwriting experience.
+ Minimum Six years of supervisory or management experience
Skills and Knowledge
+ College degree in Business Administration or a related field and/or a minimum ten years of experience in underwriting large and complex commercial credit and corporate loans, which includes analyzing, interpreting, and evaluating financial statements, cash flow analysis, financial projections, familiarity with various industries, collateral issues and values, loan structuring and guarantor personal financial statements and tax returns.
+ Possesses six to eight years of management or supervisory experience.
+ Highly knowledgeable in corporate credit policies and procedures.
+ Strong credit analysis and accounting skills with the ability to communicate skillfully and effectively in both verbal/written forms.
+ Good organizational skills.
+ Ability to assume responsibility and accountability for decision making.
+ Ability to work well independently and in teams and interact effectively with all levels of Bank personnel and outside contacts.
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