Career Opportunities

The AVP, Loan Services Operations Manager is responsible for managing and coordinating the daily operations of boarding and servicing loans. The incumbent must provide excellent service and quality control oversight to ensure accuracy and efficiency in loan boarding activities and other loan servicing areas.

Essential Functions and Basic Duties:

• Ensures accurate and timely servicing of the Bank's loan operations.
• Ensures that production and other processing activities are completed according to applicable government regulations and Bank policy.
• Assists in compliance with banking regulations including the Bank Secrecy Act.
• Trains personnel to ensure Bank policies and procedures are being followed.
• Provides leadership and training to one or more staff.
• Reviews daily work perpared by Operations Specialists for accuracy and completeness; ensures Bank adheres to policies and procedures.
• Works closely with Operations Specialists to ensure resolution of inquiries or issues that relate to loan operations.
• Performs call back of loans boarded.
• Processes, solves and answers complex client transactions, problem or inquiries.
• Directly supervises Loan Operations Specialists, monitors employees' performance and addresses any issues that surface.
• Prepares annual performance reviews for the Loan Operation team.
• Participates in hire/fire/salary actions/decisions.
• Assists with audits and exams.
• Performs other duties as assigned.

Qualifications and Desired Skills:

• Bachelor's Degree preferred. 
• Proven experience as supervisor or relevant role.
• Outstanding organizational and leadership skills.
• Effective oral and written communication skills.
• LaserPro and Horizon preferred.

Experience Required:

• Five or more years of loan operations experience with a financial institution
• Three years of experience managing people in a lead capacity preferably with a financial institution/loan environment, with an emphasis in customer service and meeting deadlines.

The Relationship Manager is responsible for managing a portfolio of clients and developing good business relationships that lead to loans, deposits and other banking products offered by the Bank. The Relationship Manager must assist with the management sales and service efforts to ensure retention of existing relationships and growth of new relationships.

Essential Functions and Basic Duties:

• Negotiates, underwrites and coordinates the closing of Venture Lending credit products in compliance with the Bank's lending policies and procedures.
• Manages assigned portfolio of borrowing relationships, reviewing information, evaluating risk, and engaging with clients, building relationships with appropriate stakeholders. Communicates internally to recommend and execute on responses to changing situations for clients / across the portfolio broadly. Ensures that portfolio management practices meet Avidbank's standards.
• Assists Business Development Officers and Senior Relationship Managers in interviewing prospective applicants and requesting specified information related to loan or credit applications; corresponds or re-interviews applicants to resolve questions regarding application information.
• Analyzes market conditions to ensure proper underwriting standards and that portfolio management is being maintained.
• Performs pre-qualification assessment and analysis of financial condition and risk of financing requests within framework of Bank credit culture and current economic and industry trends.
• Conducts relevant due diligence interviews or calls with venture capital and Private Equity investors.
• Gathers and analyzes all information necessary to present a financing request to senior management or Loan Committee for approval; meets with existing or potential clients; visits sites of loans; negotiates loan terms and conditions.
• Coordinates processing of approved loans; ensures loans are processed according to agreement, client needs and conform to Bank lending policies; obtains sufficient information and/or documentation from clients; solves problems relative to processing and servicing of loans within his or her portfolio; approves loan disbursements in accordance with agreements.
• Negotiates along with Business Development Officer or Senior Relationship Manager, underwrites and processes renewals of credit facilities.
• Reviews monthly financial reporting, borrowing bases, and compliance certificates to assess compliance with credit agreements.
• Develops and demonstrates subject matter expertise within the team including market, sector and competitive trends, business models, lending models and making the group more scalable through optimizing how we conduct business and manage the portfolio.
• Performs other duties as assigned.

Qualifications and Desired Skills:

• Thorough understanding of financial services and banking products.
• Strong underwriting and portfolio management skills.
• Ability to manage complex credits and client relationships.
• Background in venture lending a plus.
• Results driven.
• Thrives in a dynamic environment and has keen sense of urgency.
• Skilled communicator.
• Strong ability to lead and motivate junior staff.
• Ability to interpret financial data and reports and when necessary recommend appropriate actions.
• Ensures absolute confidentiality in all areas of responsibility.

Experience Required:

This level of knowledge is normally acquired through a Bachelor's degree along with at least 3 years of experience. Qualified candidates with equivalent experience should apply.

The fast growing and dynamic Avidbank Venture Lending team is focused on providing lending and banking services for early and growth stage, venture capital backed, innovation companies nationwide. The Credit Analyst or Senior Credit Analyst is responsible for spreading, managing and maintaining financial background information on present and prospective customers, and assists with underwriting analysis for the Relationship Managers. Position includes managing spread assignments, making financial analyses, and maintaining related records and files.

Essential Functions and Basic Duties:

• Analyzes credit and collateral information to determine risk involved in lending money to clients.
• Collects, organizes, analyzes company financials to ensure Bank compliance, and updates the Bank’s systems accordingly.
• Works directly with clients to resolve compliance issues and operational inquiries.
• Reviews client financials and performs sensitivity analysis to evaluate credit risk in connection with Bank structures.
• Prepares in-depth reports providing plans of action based on qualitative and quantitative research.
• Collaborates cross-functionally with Bank groups to execute treasury management products, foreign exchange instruments, derivatives as well as legal documents.
• Produces loan packages for new and restructured loans.
• Facilitates reporting and requests on behalf of the Bank with third parties, e.g., field auditors, appraisers, etc.
• Monitors loan disbursements to ensure compliance with Bank regulations.
• May conduct lien searches and other research.
• Performs other duties as assigned.

Qualifications and Desired Skills:

• Undergraduate degree in business, finance/accounting, or related field. 
• Familiarity with financial statements and ability to analyze business and financial data.
• Proficient in the use of personal computers and software programs, such as Excel and Word.
• Familiar with financial analysis and development of spreadsheets.
• Good communication skills, both verbal and written.

Experience Required:

1 year of related experience for Credit Analyst or 2 or more years related experience for Senior Credit Analyst.

This intern position assists the Specialty Finance lending function by gathering and analyzing credit information on current and potential borrowers and determining credit risk for diversified types of loans.

Essential Functions and Basic Duties:

• Assists loan officers in writing loan requests and proposals.
• Promotes quality client relations and refers clients to appropriate staff for new services.
• Assists loan officers in performing pre-qualification assessment and analysis of financial condition and risk of financing requests within framework of Bank credit culture and current economic and industry trends.
  • Gathers data from clients and other sources.
  • Prepares spreadsheets and analyzes financial information including financial statements and tax returns.
  • Contacts clients for additional information and clarification of data.
  • Verifies pledged assets.
• As instructed, compiles data from credit bureaus, conducts industry peer comparisons, performs cash flow analysis and other related tasks.
• Based on analysis, makes recommendation on loan structures and terms to loan officers and assists in the writing of financial analysis and reports.
• Assists with loan processing and coordination.
• Monitors loans and determines when updates to documentation, e.g., financial statements, are required. Informs loan officers and monitors accounts. Ensures that credit inquiries and UCC filings are researched to determine credit worthiness and appropriate collateral positioning are achieved.
• Assists loan officers in verification of funds with mortgage companies and contractors.
• Participates in the on-going computerization of the loan review function.
• Assists in providing deposit and loan accounting ratings for loan officers.
• Updates and corresponds with legal counsel and collectors on workouts, bankruptcies, and charge-offs to ensure all possible precautionary actions or measures are taken.
• Understands government regulations with particular emphasis on the Bank Secrecy Act and related regulations, and the fact that compliance with BSA regulations is an enterprise responsibility.
• May represent the Bank in various community, civic and community reinvestment functions to promote the Bank's image and develop additional business.
• Perform other duties as required.

Qualifications and Desired Skills:

• Undergraduate degree in business, finance/accounting, or related field.
• Familiarity with financial statements and ability to analyze business and financial data.
• Proficient in the use of personal computers and software programs, such as Excel and Word.
• Familiar with financial analysis and development of spreadsheets.
• Good communication skills, both verbal and written.

Experience Required:

None

The Relationship Manager is responsible for managing a portfolio of clients and developing good business relationships that lead to loans, deposits and other banking products offered by the Bank. The Relationship Manager must assist with the management sales and service efforts to ensure retention of existing relationships and growth of new relationships.

Essential Functions and Basic Duties:

• Develops and manages a significant loan and deposit portfolio for the Bank specializing in serving businesses.
• Develops business checking and deposit relationships with clients; and promotes business for the Bank by maintaining good client relations and referring clients to appropriate staff for new services.
• Interviews prospective applicants and requests specified information related to loan or credit application; corresponds or re-interviews applicants to resolve questions regarding application information.
• Analyzes potential loan markets to develop new prospects.
• Develops business relationships and business referral sources.
• Performs pre-qualification assessment and analysis of financial condition and risk of financing requests within framework of Bank credit culture and current economic and industry trends.
• Gathers and analyzes all information necessary to present a financing request to senior management or Loan Committee for approval; meets with existing or potential clients; visiting sites of loans; negotiates loan terms and conditions.
• Solicits, negotiates, underwrites and coordinates the closing of business loans in compliance with the Bank's lending policies and procedures.
• Coordinates processing of approved loans; ensures loans are processed according to agreement, client needs and conform to Bank lending policies; obtains sufficient information and/or documentation from clients; solves problems relative to processing and servicing of loans within his or her portfolio; approves loan disbursements in accordance with agreements.
• Conducts relevant due diligence interviews or calls with venture capital and Private Equity investors, as needed.
• Ensures that credit inquiries and UCC filings are researched to determine credit worthiness and appropriate collateral positioning is achieved.
• Ensures that certification or deletion of collateral is made by the appropriate personnel.
• Negotiates, underwrites and processes renewals of credit facilities.
• Approves loan payments, draws from lines of credit, and fund transfers within specified limits.
• Reviews monthly financial reporting, borrowing bases, and compliance certificates to assess compliance with credit agreements.
• Reviews NSF and overdraft reports for clients assigned within his or her portfolio; approves or declines such exceptions within established lending limits.
• Assists management with insuring compliance with applicable banking regulations, with particular emphasis on the Bank Secrecy Act.
• May represent the bank in community or civic functions to promote the Bank’s image and bank products and services.

Qualifications and Desired Skills:

• Thorough understanding of financial services and banking products.
• Strong underwriting and portfolio management skills.
• Ability to manage complex credit and client relationships.
• Results driven.
• Thrives in a dynamic environment and has keen sense of urgency.
• Skilled communicator.
• Strong ability to lead and motivate junior staff.
• Ability to interpret financial data and reports and when necessary recommend appropriate actions.
• Ensures absolute confidentiality in all areas of responsibility.

Experience Required:

This level of knowledge is normally acquired through a Bachelor's degree along with at least 5 years of experience. Qualified candidates with equivalent experience should apply.