Title:
Vice President/Senior Vice President, Credit Officer
Summary:
Avidbank is a $2.1 billion commercial bank based in Silicon Valley serving the San Francisco Bay Area and beyond. We are a highly responsive business bank, providing tailored financial solutions. We are advocates for our clients and specialize in providing innovative banking products and supportive services that exceed our clients' expectations.
Founded in 2003, we specialize in commercial & industrial lending, technology and asset-based lending, specialty finance, real estate construction and commercial real estate lending. We have one branch in San Jose along with loan production offices in Redwood City and San Francisco.
The VP/SVP Credit Officer position requires attention to detail, independence and decisiveness combined with the ability to prioritize and operate in a multi-tasked and geographically dispersed environment. Responsibilities include review of credit authorization and financial spreads for loan approval and may include approval of larger and more complex credit transactions; ensure compliance with Credit Policy; daily and weekly approvals of significant and insignificant credit amendments and waivers for the assigned portfolio. The individual determines the feasibility of granting credit for diverse types of loans, makes recommendations on structure, and covenants so as not to expose the Bank to undue credit risk. This position requires excellent interpersonal and communication skills due to the high level of contact with lenders, senior management, existing clients, and regulators.
Essential Functions and Basic Duties:
Essential
- Review and approval loan requests within assigned approval authority.
- Review and recommend loan requests exceeding assigned approval authority.
- Maintain the credit quality of the loan portfolio assigned for supervision.
- Ensure that the risk grading of individual loans are accurate and timely.
- Provide technical advice, guidance, and assistance to lenders in structuring and documenting of individual transactions.
- Proactive and timely monitoring and management of delinquent loans.
- Advise lenders on potential red flags for deteriorating credits.
- Identify problem loans and make recommendations to ensure a rapid resolution.
- Ensure the quality of loan presentations as to accuracy and completeness.
- Serve as a resource for credit policy and procedure interpretation for relationship and portfolio managers.
- Assist Senior Credit Officers and Chief Credit Officer with projects as assigned.
- Make joint calls on existing clients and with investors as needed.
Supplementary
- Contribute ideas concerning bank strategy, compliance, and regulatory risk management.
- Provide technical advice to the note and operations departments on approvals and documentation.
- Provide training of the credit analysts and lenders as needed.
- Assist in managing troubled assets and potential troubled assets.
- Develop knowledge of the financial industry, economy, and market conditions.
- Participate in or serve as a member of the Allowance for Loan and Lease Losses committee.
- Contribute ideas to management and the Directors Loan Committee concerning the credit function.
- On an as-needed basis, design and develop forms and loan policy for Credit Administration.
- Follow for adherence to approved bank policies, procedures, and regulatory requirements.
- Assist in management of the credit reviews performed by internal and regulatory examiners.
- Some travel is required to various bank locations and occasionally to a client's place of business.
- Position may have supervisory responsibilities.
Qualifications and Desired Skills:
- Computer proficiency and advanced skill set in Microsoft Excel and Word.
- Excellent verbal and written communication skills.
- Highly proficient at analyzing complex financial statements and tax returns.
- Ability to develop relationships throughout the bank as well with regulators and bank accountants.
- Strong analytical proficiencies with excellent problem-solving skills.
- Working knowledge of the organization's core operating system.
- Ability to work efficiently and accurately ensuring all deadlines are met.
- SVP/SCO competencies require extensive knowledge of all phases of commercial, ABL, construction, and real estate lending.
Experience Required:
For the Credit Officer role, the ideal candidate has at least seven years' experience as a relationship or portfolio manager, enjoys the credit underwriting process, and may have some credit approval experience.
For the Senior Credit Officer role, the ideal candidate has at least twelve years' experience as a relationship or portfolio manager and substantial experience approving credits.