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Citizens · 14 hours ago

Specialty Lending Sr Prof

One Citizens Bank Way, Johnston, RI, 02919, US

Full-time

Onsite

Senior Level, Lead/Staff

10+ years exp

Citizens is a financial institution seeking a Specialty Lending Senior Professional to facilitate loan underwriting and portfolio management for Private Bank and Wealth Management customers. This role involves collaborating with various teams to provide optimal lending solutions while ensuring compliance with bank policies and managing credit risk.

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H1B Sponsor Likely

Responsibilities

Evaluates appropriateness of loan structure for new loan requests and works with Sales Team, Credit Risk and Underwriting Manager as needed to meet client needs while ensuring Bank’s credit risk profiles are maintained

Assume the responsibility to protect and preserve the integrity of individual portfolio while sustaining profitability, accurately assessing and managing risk, and managing the annual review process by means of recommendation for approval; assures compliance with Bank Credit Policy

Applies credit skills, product knowledge, industry analysis, and sound judgment to assess and manage credit risk effectively. Credit experience and skill set should range from standard to complex credit structures as it may relate to organizational aspects, financial analysis, collateral analysis, loan documentation and reviewing/testing covenants

Exhibits knowledge of various types of loan terms, structures, and conditions and understanding of loan documentation. Has extensive knowledge of credit policies and in particular application of the policies to a variety of situations

Consistently adheres to all Service Level Agreements and regulatory compliance requirements

Accurately test covenants and recognize various events of default while assisting with the recommendation and implementation of strategy and action planning

Effectively maintains high quality credit file documentation in a paperless environment. Effectively tracks and monitors financial statement requirements; reviews loan to assure compliance with all conditions of approval or LTV requirements

May participate in direct client contact, as appropriate, to gain a thorough understanding of the underwriting analysis

Adhere to internal underwriting processes and procedures, including timely and accurate data integrity

Responsible for working with Private & Wealth Specialty Lending Team members on Internal / External audit field work requests and/or remediation plans

Specific tasks may include: Produce a high quality, concise, thoughtful Credit Proposal Summary and relevant appendices on a timely basis with analysis and documentation sufficient for the risk level to include understanding of financial statement causation factors and the borrower’s ability to repay, sponsor/guarantor analyses, being able to readily explain risk ratings, being able to accurately identify policy exceptions, special approval items, underwriting guidance variances, and risks/mitigants. Running financial (profitability and risk rating) models using a variety of formats/systems, surfacing liquidity and leverage concerns

Additional areas of responsibilities will include workflow, client knowledge, communication and risk and regulatory compliance and testing areas

Qualification

Commercial lendingFinancial analysisCredit structuringCredit monitoringLoan documentationRisk administrationCommunication skillsNegotiation skills

Required

10+ years of experience and exhibited competency in various aspects of commercial lending /portfolio management including strong level of knowledge of financial analysis and credit structuring, understanding and applying credit policy, and credit monitoring and risk administration practices

Comprehensive credit skills with experience in a wide array of complex credit transactions. Strong cash flow and financial statement analysis skills

Standard knowledge of loan and related legal documents. Must be skilled in proposing and negotiating and approving credit and covenant structures

Able to maintain good communication across business unit and broader organization

Bachelors degree in related field required

Preferred

5+ years of experience in a Private Banking / Wealth Management role and/or hybrid Business Banking role, or experience in specialty lending areas common to high net worth clients preferred

Company

Citizens

Glassdoor3.6

At Citizens, we recognize that the journey to accomplishment is no longer linear and that individuals are made of all they have done and all they are going to do.

Founded in 1828

Providence, Rhode Island, USA

10001+ employees

https://www.citizensbank.com/

H1B Sponsorship

Citizens has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

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2020 (1)