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VP Credit Officer

Round Rock, TX, USA | Farm Credit Bank of Texas

  • Industry:
    Banking / Investment Banking
  • Position Type:
    Full-Time
  • Functions:
    Financial Services Professional
    Risk Management
  • Experience:
    7-10 years
Job Description:
51 people have viewed this job

Eight or more years of progressively responsible banking or agricultural lending experience involving credit extension, including the marketing, credit underwriting, administration and analysis of commercial credits and agribusiness loans.

Functions:

Develops and manages loan portfolios including loan originations in the trade area served by the association. Works with complex loans and loan participation packages.

Provides analysis, servicing and reporting of the Association’s mortgage and commercial loans.

Analyzes financial information including balance sheets, income statements and cash flows of potential borrowers to ascertain credit worthiness. Determines Probability of Default (PD) ratings as appropriate and make recommendations for approval or denial of loans.

Interprets, communicates, and provides guidance regarding association lending policies and procedures.

Reviews and approves loans submitted by other lending staff that exceed their delegated authority.

This job has been benchmarked to VP Credit Officer

Ensures that all assigned loans are properly risk rated, assigned loss given defaults are correct and performance status assignments are proper.

Complies with proper credit administration practices as outlined in the association’s policies and procedures.

Assists senior-level credit officers with complex loan applications as necessary.

Assists prospective and current borrowers with their credit needs and with formulating solutions to credit related issues.

Makes and services loans and leases within delegated authority and in accordance with association policies. Makes and/or conveys decisions on loan approval, structure and pricing. Responsible for exercising credit risk management responsibilities on loans within area of responsibility.

Conducts complex credit analyses. Analyzes balance sheets, income statements, and cash flows of potential borrowers to ascertain creditworthiness. Maintains current, adequate and verified financial information on borrowers and guarantors as required by association policy.

Performs loan servicing tasks, which may include partial releases, subordination’s to mineral leases and right of ways, division orders, reamortizations, assumptions, severance agreements, and insurance claims.

Performs collections on assigned loans and assists management with collections on all loans in the portfolio. Works with delinquent borrowers to obtain satisfactory loan performance.

Assures that adequate insurance coverage is maintained as required by loan conditions and monitors ad valorem taxes to insure that such taxes are paid on the security.

May assist with the title examination on prospective loans to ensure validity of liens on property pledged as collateral or security interest on chattels. May prepare loan closing packages and facilitates the loan closing process as required in accordance with all applicable association and FCA policies and regulations.

Preferred Skills:

Experience underwriting C&I, CRE, P&E, and/or O&G sources of repayment.

Experience underwriting production ag operating credits.

General knowledge of accounting/financial systems.

Specialized knowledge of accounting/finance principles.

Skill in oral and written communication.

Intermediate skill level in Microsoft Office applications.

Ability to perform intermediate-level accounting and financial analyses under limited supervision.


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