Credit Officer Sr
Company: City National Bank
Location: Beverly Hills
Posted on: June 17, 2022
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Job Description:
CREDIT OFFICER SENIOR ENTWHAT 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 DivisionMake 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 industry.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 correctly. 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 strategy.
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 Bank losses.
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 regulations. 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
SUCCEEDMust-HaveBachelor'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. Req Skills and
KnowledgeCompensationStarting base salary: $130,990 - $170,155 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
qualificationsThe 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 EMPLOYMENTCity 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 NATIONALWe
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.Positions based in New
York City: In order to work on-site at City National Bank in New
York City, you must be fully vaccinated against COVID-19, per city
requirements. Shortly after your start date, you will be required
to attest to your vaccination status and will be required to
provide proof of vaccination. Equal Opportunity Employer
Minorities/Women/Protected Veterans/Disabled
Keywords: City National Bank, Beverly Hills , Credit Officer Sr, Other , Beverly Hills, California
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