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Business Credit Officer

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First Citizens Bank

2021-12-03 08:52:30

Job location Raleigh, North Carolina, United States

Job type: fulltime

Job industry: Banking & Financial Services

Job description

Overview:

This position underwrites and evaluates a broad range of small business loan requests for the Credit Administration function of the Bank. Reviews loan applications, including requests from nonstandard businesses, within established credit policies and procedures. Identifies and structures credit grades as a result of application review. Provides support to field lending associates on credit policy and loan structuring through knowledge of credit policy, loan processes, and underwriting techniques.

Responsibilities:
Underwriting - Underwrites and evaluates a range of small business requests, including nonstandard requests which may include, but are not limited to, churches, nonprofit organizations, and new ventures. Reviews potential Small Business Administration and US Department of Agriculture guaranteed credits. Structures workout credits including credit grade downgrades and troubled debt restructuring assignments. Responsible for evaluating automated clearing house over limit exceptions.
Business Support - Supports field lending associates both through department support center call line and directly. Answers questions and concerns regarding the status of applications, loan structuring, credit policy, and other matters related to small business lending. Follows up on pending applications to ensure the timely disposition of all loan requests. Assists with special projects as requested.
Loan Proficiency - Maintains current knowledge of changes in bank credit policy, industry and economic trends, and underwriting techniques. Underwrites small business loans in accordance with all required policies and regulations. Identifies loan requests pertaining to special loan programs and takes action appropriately.
Qualifications:
Basic Qualifications:
Bachelor's Degree and 4 years of experience in Business Credit Analysis, or Lending, or Underwriting OR High School Diploma or GED and 8 years of experience in Business Credit Analysis, or Lending, or Underwriting
Skill(s):
Knowledge of accounting and finance principles, Knowledge of current banking laws and regulations, loan documentation, and Bank policy

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