Job Information
Berkshire Bank FVP, Business Banking Credit Manager in Millford, Massachusetts
Position : FVP, Business Banking Credit Manager
Location : Millford, MA
FVP, Business Banking Credit Manager
Division: Risk Management
Department: Credit
Reports to: SVP, Director Business Banking Credit & Operations
Status: Exempt/Officer
Grade: 13
Pay Range: $96,089 - $172,935
Actual compensation within the pay range will be decided based on factors including, but not limited to, skills, prior relevant experience, and specific work location.
Location: Hybrid within MA, NY, CT, VT or RI
Purpose/Objective :
Provides management, training and mentorship for Business Banking credit team including structuring and approving credit exposure for new and existing relationships. Assists with the management of the credit process to ensure consistency with Credit Policy and established underwriting guidelines. Supports Business Banking Teams to deliver credit products to clients. Ensures a strong credit culture and an efficient and effective approval process. Balances a strong asset quality focus while supporting a strong business development effort.
Key Accountabilities :
Manages and mentors a High Performing, Inclusive Credit Teams. This includes ensuring effective LOB partnerships and active participation in relationship strategy reviews, and ongoing mentoring, coaching and development of credit officers and underwriters. Participates in the annual goal setting process and communicates those goals to the credit teams throughout the footprint.
Loan Authority – Exercise loan authority within established limits. Loan authority may be up to $3 million and will be based on experience level and size and scope of assigned credit portfolio and will also vary based on type of credit request (e.g., “new money to new client,” annual review).
Supervises assigned teams of Credit Officers and underwriters and ensures smooth interaction and consistent workflow in the credit approval process.
Loan Structuring – Responds promptly to transaction requests to determine feasibility and nature of analysis to be conducted. Identifies critical issues. Makes Proceed/Stop decision within approval limits.
Credit Decision – Ensures effective Credit and RM collaboration to determine appropriate financing solutions. Approves/Declines and notifies RM and team members as warranted. Consults with senior Credit management on complicated transactions.
Asset Quality Standards – Closely monitors all asset quality measures. Ensures timely identification of deteriorating credits. Promotes a credit culture based on strong asset quality. Ensures accurate and timely risk rating of the assigned portfolio.
Best Practice Sharing – Keeps abreast of industry and market trends and communicates these trends to Credit Executives where appropriate.
Bank Values - Supports Bank Culture of Values and Diversity.
Ensures compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards related to and required by one’s duties.
Education:
Bachelor’s degree in Finance, Accounting, Economics, or related field or equivalent experience
MBA Preferred
Experience:
10+ years of experience in commercial credit analysis or risk underwriting in the banking industry
3+ years of supervisory experience preferred
Skills & Knowledge:
Strong knowledge of financial statement analysis with ability to support underwriting of extensions of credit within the Business Banking portfolio
Ability to provide training, mentoring, and coaching to junior analysts
Ability to prioritize and work under pressure
Flexibility to work on both CRE and C & I credits
Proficient in Microsoft Office Suite
Strong written/verbal communication and organizational skills
Solid interpersonal skills
Berkshire Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or national origin.