SVP, Credit Administration Officer II

Credit Administration Officer II

The Credit Administration Officer (CAO) is responsible for the overall monitoring, administration and quality of their assigned portfolios/Line of Businesses (LOBs). Responsibilities include: credit decisioning of Group (sign off) and Department Committee credits; providing guidance/input on credit structuring; adherence to corporate credit policy; accurate/timely risk rating of credits; maintaining satisfactory AQRs, Internal Audit and regulatory Exams and developing/implementing action plans to correct any deficiencies. The CAO also takes an active role in coaching/developing RMs, PMs and credit staff.

Competencies: Business Acumen, Decisiveness, Flexibility, Decision Quality, Prudent Decision Making, Interpersonal Savvy, Standing Alone, Strategic Thinking, Accountability, Teamwork, Timely decision making and Developing Others

Responsibilities

• Serves as the Credit Officer for assigned portfolios/LOBs within the Bank

• Decision Authority & Approvals

• Manages the credit quality of new and existing loans and ensures the Bank's interest is protected by minimizing charge-offs within guidelines established by Comerica Bank's senior management.

• Provides input on deal analyses to MCUs, Credit Analysts and Commercial Underwriters.
• Manages and ratifies risk ratings on credits >$2.5MM in aggregate. Manages the annual risk rating review process for existing loans.
• Ensures timely identification of problem credits to minimize potential losses to the Bank.
• Selects credits for special review (on going and quarterly CQR process) and develops and implements procedures ensuring accurate and timely follow-up on all CQR action plans.
• Monitors progress towards stated goals by RMs/PMs and works with Group Managers and Senior Management to correct deficiencies.
• Calls on large and problem credit customers and advises RMs, PMs, GMs and DMs on credit structuring and documentation issues.
• Monitors tracking system for Subject Tos, covenant compliance, policy exceptions, CEG Audits, Annual/Interim reviews, overdrafts/over-formulas and overall portfolio trends.
• Review/signoff of M&E and Real Estate Appraisals. Manages the concentration reporting process to maintain portfolio risk within Comerica Bank's established objectives.
• Participates in the development and maintenance of credit policy and procedures; ensures implementation of procedures to support such policy. Serves as a resource to loan groups by interpreting and applying policies and procedures to specific credits.
• Manages the policy exception reporting process to maintain portfolio risk within the Bank's established objectives.
• Develops work plans to address and correct issues and weaknesses identified in AQR, Internal Audit and Regulatory Exams.
• Group signature and Department Committee approval authority (GM, Department Manager or Market President co-chair) for all Credits.
• Document recommendation (i.e. CAO Comments) in all Department, Senior and Executive Committee RECAPs.
• Approves loan covenants for new loans as proposed by RMs/PMs to maintain appropriate control and protection for the Bank. Manages the covenant exception process by approving any modifications to existing loans.
• Grants approval of assigned subject tos in RECAP process.
• May participate in selecting credit support staff.
• Coaching/Developing RMs, PMs and credit staff.
• Special projects and other duties as assigned