First Commonwealth Bank · 1 month ago
Senior Credit Officer
Hollidaysburg, PA
Full-time
Onsite
Senior Level, Lead/Staff
15+ years expFirst Commonwealth Bank is seeking a Senior Credit Officer (SCO) to support their credit risk management and lending policies. The role involves overseeing the adjudication and management of loan portfolios, providing guidance to lending officers, and ensuring compliance with regulations while maintaining the quality of the loan portfolio.
Banking
Responsibilities
Assists with the administration of the adjudication and loan portfolio management for each business line to ensure a proper mix of loan types, maximize yield, maintain quality control, and minimize losses
Informs the Chief Credit Officer and Deputy Chief Credit Officer, of any material considerations affecting the loan portfolio, loan policy, and individual loan transactions
Advises and guides lending officers and corporate leadership. Assists Chief Credit Officer, Deputy Chief Credit Officer, and Senior Credit Officers in assessing the overall soundness of the loan portfolio, advising on policy questions, business development and staff requirements as they relate to the lending function
Supports a Region as assigned
Supports loan officers on more complex and larger loans across footprint
Consults with and supports loan officers seeking to meet the needs of larger, more critical borrowers
Assists in the training of loan officers, disseminates loan policies and procedures, and ensures that deviations from policy are corrected
Works to ensure loan services are provided to loan officers, including credit analysis, evaluation of financial statements, credit investigations, and collection of past due loans
Works with the Chief Credit Officer, Deputy Chief Credit Officer, and Senior Credit Officers to set strategy for problem loan accounts, monitors progress on workout plans and reaches resolution
Recommends actions to be taken on loans to assign regulatory classification, set loss reserves and determine accrual status
Ensures Watch List properly captures all problem credits. Works with Finance staff to ensure provision expenses and credit costs are recognized in the appropriate accounting periods
Personally handles large, complex problem accounts as directed by the Chief Credit Officer, Deputy Chief Credit Officer, or Special Assets Manager
Works with the Credit Analysis Department to assess risk and prepare materials used in the approval and review of credit exposure. Works with Credit Analysis Department to assign Risk Ratings on all existing and prospective customers. Interviews and hires potential credit analysts
Works with the Secured Credit Department on all aspects of collateral administration, including valuing collateral, ordering and reviewing appraisals, trending advances on collateral against borrowing base limitations, conducting collateral audits, performing lien searches, administering advances on construction loans, tracking recover rates by collateral type and quantifying loss given default
Supports the direction of the risk rating and the review of underwriting, documentation and administration of loan portfolios of the affiliates. Monitors Risk Rating migration
Performs management related administrative tasks pertaining to the loan review schedule and planning
Reviews, drafts and recommends policies and procedures for lending and credit administration. Ascertains the extent to which policies and procedures are properly followed; takes appropriate action to correct improper activities with respect to internal procedure, external regulation, etc. by performing the following:
Follows trends in the market place which relate to credit services financing; maintains a current awareness of market conditions, competitive rates and product designs
Recommends adjustments in product lines in terms of product designs, rate, etc
Maintains an accurate awareness of the credit quality of the portfolio and the inherent credit risk
Continually reviews journals, articles, publications, and other material to review regulatory and legal changes pertinent to the credit/lending operation and to ensure that department policies and procedures comply with all applicable laws and regulations
Works as a member of the credit services team to identify and correct problems relating to the lending function – customer service, internal operations credit control procedures, etc
Produces reports and materials for the Board of Directors as directed by the Chief Credit Officer or Deputy Chief Credit Officer
As directed by the Chief Credit Officer, or Deputy Chief Credit Officer, provides critical inputs needed for the preparation of the Allowance for Credit Losses (ACL)
Has extensive understanding of accounting terminology, financial analysis techniques and standards, and the process related to financial reporting. Maintains knowledge and skill sets
Coordinates specific work tasks with other personnel within the unit or department as well as with other units and departments in order to insure the smooth and efficient flow of information
Maintains a wide range understanding of bank terminology, process, and products
Understands SOX, and other significant control related regulations. Understands and recognizes the inherent business risks facing the banking industry and the related controls. Has an extensive understanding of risk assessment concepts. Understands basic General and Application Controls
Assists auditors and management in the development of process for maintaining business walk-throughs and highlighting the associated risks and controls. Understands and recommends control concepts to manager as they relate to business processes and risks
Has familiarity with regulatory guidelines for key processes. Interfaces as needed and assists in representing the bank with regulatory authorities and external auditors
Assures on an ongoing basis the timely completion full and interim credit risk assessments. Continually monitors the loan underwriting and approval processes
Responds to loan review, internal reports, Committees and Regulators
Assists in the preparation of the budget for Credit Administration annually and monitors year-to-date performance with respect to the budget monthly
Performs the quarterly risk assessment to determine the level of credit risk
Performs due diligence in relation to bank mergers and acquisitions
Qualification
Required
Bachelor's degree or related equivalent experience
Minimum of fifteen (15) years related experience and previous commercial and/or consumer credit department management in a production environment
Thorough knowledge of current lending regulation
Proficient interpersonal relation skills
Working knowledge of bank operating policies and procedures
Demonstrated leadership skills
A valid driver's license and the ability to travel within our footprint
Preferred
A master's degree
Company
First Commonwealth Bank
We know why we’re here: to put you first. We do it by building long-term relationships with our customers and our employees.
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
unknown1992-06-10IPO
Leadership Team
Brook McGinnis
SVP / Senior Product Group Manager - Digital Banking and Payments
Linda Metzmaier
SVP, Chief Compliance Officer
Recent News
First Commonwealth Financial Corporation
2025-12-02
First Commonwealth Financial Corporation
2025-11-03
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