Job Overview:
Reporting to the President/CEO, the Chief Credit Officer, will play a crucial role in overseeing and managing the credit risk and lending activities of the Bank. You will be responsible for ensuring the creditworthiness of borrowers, developing credit policies, and leading a team to maintain a healthy loan portfolio.
Duties:
- Develop and implement credit risk policies and procedures to mitigate risks and ensure compliance with regulatory requirements.
- Evaluate loan applications, assess creditworthiness, and make recommendations on loan approvals or denials.
- Monitor the organization's loan portfolio performance, identify potential risks, and take proactive measures to address issues.
- Lead a team of loan officers, providing guidance, training, and support to ensure efficient operations of loan functions.
- Collaborate with senior management to develop strategies for growing the loan portfolio while maintaining acceptable levels of risk.
- Negotiate terms and conditions of loans with borrowers, including interest rates, repayment schedules, and collateral requirements.
- Utilize financial software to analyze credit data, prepare reports, and make informed decisions on lending activities.
- Oversee the underwriting process to ensure accurate assessments of borrower's financial status and repayment ability.
- Manage relationships with external partners such as credit bureaus, escrow agents, and legal counsel for seamless loan processing.
Requirements:
- Proven experience as a Chief Credit Officer or similar role in the financial services industry.
- In-depth knowledge of credit risk management, underwriting principles, lending practices, and regulatory regulations.
- Strong mathematical skills with proficiency in basic math and financial calculations.
- Familiarity with computers and associated software for efficient data entry and processing.
- Ability to analyze complex financial information and make sound judgments on credit decisions covering a variety of loans.
- Experience in negotiating loan terms, contracts, and agreements with borrowers.
- Solid understanding of escrow processes and legal requirements related to lending activities.
Location:
The Chief Credit Officer is based in Laurel, Montana and requires periodical travel to branch locations in Idaho and Wyoming. Flexibility with various time zones to align with our operational hours and team collaboration with remote employees.
Join our team as the Chief Credit Officer to lead our credit department towards sustainable growth while maintaining prudent risk management practices. Apply now to be part of a dynamic financial institution dedicated to excellence in lending services.
Job Type: Full-time
Pay: $100,000.00 - $150,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Flexible spending account
- Health insurance
- Vision insurance
Payment frequency:
Schedule:
- 8 hour shift
- Monday to Friday
Work setting:
Ability to Commute:
- Laurel, MT 59044 (Required)
Work Location: In person