Unity Bank Plc · 4 months ago
Credit Department Manager
Clinton, NJ
Full-time
Onsite
Senior Level
$120K/yr - $157K/yr
5+ years expUnity Bank is seeking a Credit Department Manager with a strong background in commercial loan underwriting and financial analysis. The role involves overseeing the Credit Underwriting Group, ensuring quality underwriting, and promoting a positive credit culture throughout the bank.
BankingFinanceFinancial Services
Responsibilities
Oversee the function of the Credit Underwriting Group (CUG) to facilitate the timely review of all loan transaction and servicing requests as presented
Supervise and train department analyst's to continue their growth and knowledge levels in all facets of lending and the bank's goals and philosophies
Conduct performance reviews for direct reports
Ensure quality underwriting and meaningful financial analysis for all loan proposals
Interact with Loan Closing and Loan Officers to identify and eliminate issues to improve the overall loan process
Make recommendations based on credit findings for all transactions in excess of lending authority
Communicate with all bank departments as well as outside attorneys, appraisers, environmental assessors, etc
Complete special projects as assigned by Chief Credit Officer
Report monthly to Chief Credit Officer on all of the following: CUG projects in process, Pipeline Summary, Commitments Outstanding, and Loans processed by individual Credit Analyst
Manage the incoming new loan requests with proper credit analyst based on complexity of transaction and deal deadline
Manage the accountable for the integrity of all credit underwriting processes. Inadequacies in these processes can lead to loan delinquencies and charge-offs, increased legal, administrative, and servicing costs. Obvious impact is to loss of Bank income
Qualification
Required
Bachelor Degree in Business, Accounting, or Finance
Five years commercial underwriting experience
Thorough understanding of commercial credit underwriting concepts
Ability to analyze financial statements, collateral, cash flow, projections, personal financial statements, tax returns, and varying balance sheet and income statement ratios
General knowledge of the SBA program and SBA Standard Operating Procedures (SOP)
Ability to complete assignments accurately and independently
Ability to interact with the Board of Directors and Senior Management as well as other bank departments
Ability to multi-task and prioritize workload, be detail-oriented, and work efficiently. Workload is fast-paced and requires timely determinations on all loan requests
Time management skills are essential
Must be a team leader and team player within the bank organization
Strong communication skills, and ability to interact with customers is important
Microsoft Suite
Navigator, Abrigo and any financial spreading software
Preferred
Knowledge of various loan products, including SBA and Business Manager, as well as previous supervisory experience of commercial loan credit analysts would be helpful
Company
Unity Bank Plc
Unity Bank is one of Nigeria's leading retail banks.
1001-5000 employees
Funding
Current Stage
Late StageCompany data provided by crunchbase