Senior Credit Officer

This is a fully remote position, open to applicants in New York.

📋 Description

• Oversee the overall credit underwriting for the SBA department to ensure high credit quality that aligns with the bank’s credit standards and SBA SOP eligibility criteria.

• Supervise managerial responsibilities related to credit review compliance and credit analysis tasks, ensuring adherence to the policies and practices set by the organization, SBA, and regulatory agencies.

• Maintain disciplined credit underwriting practices to uphold strong credit quality and preserve portfolio integrity.

• Develop and update internal SBA credit guidelines in response to changes in SOP.

• Ensure compliance with bank and SBA policies, practices, regulations, and documentation requirements.

• Monitor and manage credit to detect any decline in credit quality and reduce portfolio loss exposure.

• Create and sustain SBA loan risk rating processes to ensure accurate risk assessments at the point of loan origination.

• Relay existing and potential risk issues to the Bank CEO, Chief Credit Officer, Chief Risk Officer, and Head of SBA.

• Oversee the onboarding, management, and utilization of external professional vendors for SBA underwriting and risk management.

• Provide SBA SOP credit guidance and support to underwriting, closing, and servicing teams.

• Manage SBA agency and regulatory audit reviews, implementing corrective actions as needed.

• Act as a liaison between the bank and regulatory authorities during SBA audits and examinations.

• Conduct research and respond to inquiries from state and federal examiners, as well as internal and external auditors.

• Regularly meet with commercial underwriting, SBA lending, and bank executives to oversee risk and manage credit risk.

• Oversee SBA loan approvals, credit underwriting supervision, and internal and regulatory audit support.

⛳️ Requirements

• Bachelor’s degree (B.A.) from a four-year college or university; or at least five years of experience in a bank credit department; or a combination of education and experience.

• Previous experience in a senior credit role within SBA is essential.

• 5-7 years of direct experience in SBA credit underwriting and credit management, or equivalent experience.

• Experience in direct commercial credit decision-making, with a preference for SBA.

• Strong understanding of SBA SOP eligibility and regulatory requirements.

• Preferred experience in national lending and business acquisition credit.

• High proficiency in financial analysis and cash flow modeling.

• Excellent leadership skills with the ability to mentor and inspire team members.

• Experience in complex commercial credit analysis, loan structuring, and financial statement evaluation.

• Adheres to policies and procedures, supports the organization's goals and core values, engages in external activities that benefit the organization, and promotes affirmative action while respecting diversity.

🏝️ Benefits

• Flexibility to work remotely.

• A diversity of thought and perspective.

• An inclusive partnership culture.

• Opportunities for cross-functional teamwork.

• Chances to contribute to banking innovation.

• A culture focused on collaboration.

• Encouragement of accountability.

• Celebrating successes.