OPX Credit Officer (Remote)
SUMMARY: The OPX Credit Officer ("CO") role works with the Director of Credit Products and a Senior Credit Officer to ensure safety and soundness of the company's lending activities. This role primarily supports the Retail Banking, Business Banking, and Commercial Banking Lending Divisions. The CO provides preconsults to the sales partners and conducts thorough reviews of credit and portfolio management requests presented for approval that comply with Bank procedures and industry leading practices. They are accountable for the timely delivery of the appropriate credit decision and/or review. ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned.
- Credit Review and Approvals:
- Reviews and approves new money requests in addition to annual reviews, renewals, modifications, extensions and other ongoing portfolio management approvals required.
- Exercises prudent credit judgment through individual loan authority assigned by Credit Risk Management Committee, as approved by the Board of Directors.
- Assists Retail Bankers, Business Bankers, Commercial Bankers, SBA Business Development Officers and other assigned lenders in structuring loan transactions and approving credit within assigned lending units.
- Participates in deal discussion meetings and exercises individually assigned authorities in each setting, inclusive of evaluating the approval or decline of new money requests and policy exceptions within individual loan authority.
- Helps to ensure safe and sound lending practices through ongoing monitoring of the loan portfolios within assigned lending programs and industries and observance of market trends that may impact credit quality.
- Responsible for proactive, self-initiated pipeline management of requests submitted for Credit Officer.
- SBA:
- Assists in maintaining SBA & USDA Credit Policy and Procedures oversight responsibility, with recognition of BU Credit Policy and Procedural governance, where SBA Policy is silent to specific areas of guidance. Enhances soundness and SBA training tools with the Policy, including establishing tolerances for risk layer and underwriting specific product or industry types.
- Assists CPO with loan structuring and SBA eligibility analysis, as required.
- Assures proper use of standard SBA templates as detailed in the respective Procedural manuals and SBA SOP.
- Adheres to and complies with current SBA SOP.
- Training and Development:
- Facilitates periodic training to the lending teams, Credit Products Officers and Credit Products Managers.
- Provides mentoring to Credit Products Officers and Credit Product Managers to foster aligned approach to credit risk and guidance.
- Reinforces, to the lending staff and support staff, a culture to manage the underwriting process and credit files appropriately.
- Other:
- Assists Director of Credit Products in proposing updates to credit policy and procedures of the Bank.
- Supports and delivers credit training as requested by Director of Credit Products or Senior Credit Officer.
- Participates in projects as assigned by Management.
- Minimal travel may be required for training and meetings, as required by the Bank.
- Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).
- Adheres to Bank policies and procedures and completes required training.
- Identifies and reports suspicious activity.
EDUCATION Bachelor's Degree required HS Diploma required EXPERIENCE
- 5+ years of commercial credit underwriting experience required
- Supervisory experience preferred
- Additional experience in SBA lending preferred
CERTIFICATES, LICENSES, REGISTRATIONS
- Formal Credit Training preferred
KNOWLEDGE, SKILLS AND ABILITIES
- Accounting skills through formal education, AIB, or prior work experience.
ADDITIONAL INFORMATION
- Candidates residing in locations within BankUnited's footprint may be given preference.
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