Credit Officer Sr
Company: City National Bank
Location: Beverly Hills
Posted on: May 6, 2022
Job Details: CREDIT OFFICER SENIOR ENT
WHAT IS THE OPPORTUNITY?
Participates in the loan management process by providing credit and
loan underwriting expertise to a team of Entertainment Relationship
Managers. Analyzes prospective loan transactions and credit
worthiness of borrowers. Provides opinions and recommendations
regarding proposed credit and potential risks. Ensures all due
diligence and background evaluation is complete and thorough before
credit approval is granted. Must be in good standing under "The
Secure and Fair Enforcement for Mortgage Licensing Act of 2008"
(Safe Act) and must be registered/licensed with the "Nationwide
Mortgage Licensing System and Registry"; or must be able to be
registered under the Safe Act. Must remain in good standing under
the Safe Act.
Entertainment Banking Division
Make your mark as a member of City National's Entertainment Banking
group. You will help deliver sophisticated financial solutions
through white-glove service to people and organizations in every
facet of the entertainment business. City National has been a
fixture in entertainment banking for more than 60 years, setting
ourselves apart with in-depth expertise and knowledge of the
WHAT WILL YOU DO?
- Reviews loan application and financial information; evaluates
and recommends credit structure and terms in concert and under the
guidance of the Team Leader; fully underwrites CRR consistent with
Bank format, policies and procedures; determines sources and uses
of funds; analyzes industry data, competitive factors, historical
performance, projected results, risks, and mitigating factors.
Ensures 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
- Attends client meetings at RM's or Team Leader's request to
facilitate delivery of credit product and/or assist in problem
resolution. Contacts borrowers directly, for additional information
and details related to loan request or clarification of financial
materials and resources.
- Provides balanced and appropriate credit guidance to RM and
Team Leader and collaborates in determining appropriate credit
- Provides credit alternatives and creative ways to structure
credits ensuring that transactions are within profitability and
portfolio risk standards. Authors credit approval memorandum.
- Provides input to the RM and Team Leader regarding loan
pricing. Renews and possibly recommends restructure of loans and/or
lines of credit as required. Assumes accountability for minimizing
- Performs quarterly financial reviews of client's financial
condition including monitoring covenants and conditions. Takes a
proactive approach toward resolution. Escalates potential credit
issues to RM, Team Leader and/or Entertainment Credit Manager.
- Has a primary role in early problem loan identification and the
timely and accurate changes in loan grades. Monitors and takes
initiative to follow the upcoming loan maturity report to ensure
timely renewals; and responds to past dues based on information
provided by the RM or Team Leader.
- Maintains up-to-date knowledge on all Bank lending policies and
regulations. Confers with the RM, Team Leader and appropriate Bank
personnel regarding new/existing lending requirements and
- May coordinate loan documentation including work with legal,
CLC, other internal bank areas, or outside legal counsel to obtain
the correct, accurate documents to ensure all loans are documented
to fully protect the Bank's interests in the credit relationship.
Reviews collateral periodically to minimize credit exposure.
WHAT DO YOU NEED TO SUCCEED
- Bachelor's Degree and/or formal Credit training
- More than 10 years Minimum 8 years of experience in
underwriting medium sized and moderately-complex commercial credit
and consumer loans required. Req
- 7-10 years Minimum 8 years of experience in a banking or
financial services environment required. Req
- Must be in good standing under "The Secure and Fair Enforcement
for Mortgage Licensing Act of 2008" (Safe Act) and must be
registered/licensed with the "Nationwide Mortgage Licensing System
and Registry"; or must be able to be registered under the Safe Act.
Skills and Knowledge
*To be considered for this position you must meet at least these
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.
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
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.
In order to be hired and work at City National Bank, you must be
fully vaccinated against COVID-19.
Equal Opportunity Employer Minorities/Women/Protected
Keywords: City National Bank, Beverly Hills , Credit Officer Sr, Other , Beverly Hills, California
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