AVP, Credit Officer
Apply NowCompany: Provident Bank
Location: Amesbury, MA 01913
Description:
BankProv:
BankProv is the nation's 10th oldest bank, proudly rooted in a legacy of trust and reliability. As a full-service commercial bank, we offer a unique blend of traditional banking services and innovative financial solutions tailored to meet the evolving needs of our diverse clientele. We provide fully insured business accounts, advanced cash management tools, and a variety of lending options, including small business, commercial real estate, business acquisition finance, and mortgage warehouse facilities.
Our commitment to our community goes beyond banking. We are dedicated to fostering financially strong and thriving communities, investing in our clients' success, and supporting the growth of local businesses. As a subsidiary of Provident Bancorp, Inc. (NASDAQ: PVBC), we leverage our heritage and forward-thinking approach to make a positive impact.
Our culture at BankProv is built on a foundation of core values: collaboration, empathy, courage, and innovation. We believe in working together to achieve common goals, understanding and addressing the needs of our clients and colleagues, taking bold steps to overcome challenges, and constantly seeking new ways to improve and evolve. We are looking for tech-savvy individuals who share our values and are eager to help us drive the future of banking.
BankProv operates within the Entrepreneurial Operating System (EOS) model, embodying an entrepreneurial spirit that drives us to be curious, embrace change, and push beyond our comfort zones. Join us as we shape the future of banking.
Position Summary: AVP, Credit Officers coordinate the analytical and credit approval functions for the Bank's larger and most complex credits with minimal supervision. They will have a thorough understanding of the Bank's risk appetite and structuring deals. This position assists the lenders with the preparation and underwriting of C&I and commercial real estate loan proposal packages as well as analyzes business and personal financial statements to assess the credit worthiness of the Borrower and/or Guarantors. AVP, Credit Officers also act as a mentor for junior and senior analysts as well as more junior lenders. It is expected that the AVP, Credit Officers will take a pro-active approach in portfolio management as well as participate in projects to improve processes within the Bank.
Essential Job Functions:
Underwrite the Bank's most complex commercial loan requests (C&I, CRE and Business Acquisition) for new and existing Borrowers. This includes reviewing, spreading and analyzing a Borrower and Guarantor tax returns/financial statements, business and personal credit bureaus, cash flow, sources of repayment, collateral, industry, potential risks and mitigants and providing suggestions on loan structure when appropriate.
Complete tax return, personal financial statement and financials spreads in Loan Vantage (Jack Henry product)
Perform annual reviews and/or renewals of commercial loan relationships and verify risk ratings
Review third party appraisal reports, environmental reports, business valuations, and field exams prior to loan closing, and advise on any vendor recommendations
Manage monitored lines of credit and review Borrowing Base Certificates and A/R agings to ensure funding is within approved guidelines
Attend customer site visits with lenders (if based locally)
Attend weekly Credit Committee and Loan Structure meetings and take minutes when required
Mentor and train junior and senior analysts
Maintain a high level of quality control and adhere to State, Federal and Bank regulatory and Loan Policy requirements
Demonstrate behaviors which are aligned with the Bank's culture and core values
Preferred Knowledge, Skills, and Abilities:
In-depth understanding of business tax returns, personal tax returns, and financial statements. Ability to analyze in depth trends in financial statements including balance sheet, P&L and cash flow analysis.
Experience in Loan Vantage is a plus
Understanding of real estate trends and market conditions
High level of knowledge with Microsoft Word/Excel and Outlook
Ability to work closely with managers, lenders, staff and third-party vendors
Ability to identify issues with Structure/signs of weakness in new and existing loan relationships
Ability to manage workflow in a timely manner and multi-task
Preferred Education and Experience:
Minimum five to seven years' experience with commercial underwriting, including but not limited to CRE, C&I and cash flow deals
Bachelor's degree in business or finance
Knowledge of Credit related laws
Knowledge of real estate market and trends
Knowledge of various business industries
Physical Demands and Work Environment:
The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
While performing duties of this job, employees may occasionally be required to stand; walk; sit; use hands, or feel objects, tools or controls; reach with hands and arms; speak clearly and hear efficiently. Employees may occasionally lift and/or move up to, or in excess of 10 pounds. Specific vision abilities may be required by the job include close vision, distance vision, color vision, peripheral vision, depth perception and the ability to adjust focus. Prolonged periods of sitting at a desk and working on a computer.
Travel:
Availability to travel on short notice to meet immediate business needs may be required.
Note:
This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employee(s) will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments.
BankProv is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability. If you need assistance or accommodation completing the employment application, please contact us at [redacted] and we will gladly assist you.
BankProv is the nation's 10th oldest bank, proudly rooted in a legacy of trust and reliability. As a full-service commercial bank, we offer a unique blend of traditional banking services and innovative financial solutions tailored to meet the evolving needs of our diverse clientele. We provide fully insured business accounts, advanced cash management tools, and a variety of lending options, including small business, commercial real estate, business acquisition finance, and mortgage warehouse facilities.
Our commitment to our community goes beyond banking. We are dedicated to fostering financially strong and thriving communities, investing in our clients' success, and supporting the growth of local businesses. As a subsidiary of Provident Bancorp, Inc. (NASDAQ: PVBC), we leverage our heritage and forward-thinking approach to make a positive impact.
Our culture at BankProv is built on a foundation of core values: collaboration, empathy, courage, and innovation. We believe in working together to achieve common goals, understanding and addressing the needs of our clients and colleagues, taking bold steps to overcome challenges, and constantly seeking new ways to improve and evolve. We are looking for tech-savvy individuals who share our values and are eager to help us drive the future of banking.
BankProv operates within the Entrepreneurial Operating System (EOS) model, embodying an entrepreneurial spirit that drives us to be curious, embrace change, and push beyond our comfort zones. Join us as we shape the future of banking.
Position Summary: AVP, Credit Officers coordinate the analytical and credit approval functions for the Bank's larger and most complex credits with minimal supervision. They will have a thorough understanding of the Bank's risk appetite and structuring deals. This position assists the lenders with the preparation and underwriting of C&I and commercial real estate loan proposal packages as well as analyzes business and personal financial statements to assess the credit worthiness of the Borrower and/or Guarantors. AVP, Credit Officers also act as a mentor for junior and senior analysts as well as more junior lenders. It is expected that the AVP, Credit Officers will take a pro-active approach in portfolio management as well as participate in projects to improve processes within the Bank.
Essential Job Functions:
Underwrite the Bank's most complex commercial loan requests (C&I, CRE and Business Acquisition) for new and existing Borrowers. This includes reviewing, spreading and analyzing a Borrower and Guarantor tax returns/financial statements, business and personal credit bureaus, cash flow, sources of repayment, collateral, industry, potential risks and mitigants and providing suggestions on loan structure when appropriate.
Complete tax return, personal financial statement and financials spreads in Loan Vantage (Jack Henry product)
Perform annual reviews and/or renewals of commercial loan relationships and verify risk ratings
Review third party appraisal reports, environmental reports, business valuations, and field exams prior to loan closing, and advise on any vendor recommendations
Manage monitored lines of credit and review Borrowing Base Certificates and A/R agings to ensure funding is within approved guidelines
Attend customer site visits with lenders (if based locally)
Attend weekly Credit Committee and Loan Structure meetings and take minutes when required
Mentor and train junior and senior analysts
Maintain a high level of quality control and adhere to State, Federal and Bank regulatory and Loan Policy requirements
Demonstrate behaviors which are aligned with the Bank's culture and core values
Preferred Knowledge, Skills, and Abilities:
In-depth understanding of business tax returns, personal tax returns, and financial statements. Ability to analyze in depth trends in financial statements including balance sheet, P&L and cash flow analysis.
Experience in Loan Vantage is a plus
Understanding of real estate trends and market conditions
High level of knowledge with Microsoft Word/Excel and Outlook
Ability to work closely with managers, lenders, staff and third-party vendors
Ability to identify issues with Structure/signs of weakness in new and existing loan relationships
Ability to manage workflow in a timely manner and multi-task
Preferred Education and Experience:
Minimum five to seven years' experience with commercial underwriting, including but not limited to CRE, C&I and cash flow deals
Bachelor's degree in business or finance
Knowledge of Credit related laws
Knowledge of real estate market and trends
Knowledge of various business industries
Physical Demands and Work Environment:
The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
While performing duties of this job, employees may occasionally be required to stand; walk; sit; use hands, or feel objects, tools or controls; reach with hands and arms; speak clearly and hear efficiently. Employees may occasionally lift and/or move up to, or in excess of 10 pounds. Specific vision abilities may be required by the job include close vision, distance vision, color vision, peripheral vision, depth perception and the ability to adjust focus. Prolonged periods of sitting at a desk and working on a computer.
Travel:
Availability to travel on short notice to meet immediate business needs may be required.
Note:
This job description in no way states or implies that these are the only duties to be performed by the employee(s) incumbent in this position. Employee(s) will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments.
BankProv is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability. If you need assistance or accommodation completing the employment application, please contact us at [redacted] and we will gladly assist you.