The Commercial Credit manager manages the loan underwriting process through the direct supervision of Credit Analysts. The manager ensures that all commercial loans are underwritten in compliance with the credit union’s policy and procedures, as well as applicable laws and regulations. The manager will underwrite or oversees the underwriting of larger, complex loans including the evaluation and determination of credit risks through detailed analysis of financial statements, tax returns, collateral valuation, cash flow and repayment ability. This manager will possess a thorough understanding of the legal and regulatory environment pertaining to the underwriting of most types of commercial loans.

Essential Functions, Duties, and Responsibilities:

• Hires, trains, and manages staff in credit analysis and underwriting. Prioritizes tasks and ensures smooth processing while managing deadlines.
• Manages the Credit Analysts including overseeing the quality and adequacy of credit and exposure analysis, as well as accuracy and appropriateness of risk ratings for all commercial loans. Ensures that all risk rating downgrades are communicated to management.
• Supervises the preparation of credit memos for all sizes and types of commercial facilities with an emphasis on larger, more complex relationships, transaction structures, and organizational frameworks.
• Executes insightful quantitative and qualitative analysis of CRE and C&I loan requests to new and existing customers including comprehensive analysis of the obligor’s capacity, capital, collateral, character, and conditions.
  • Demonstrates an in-depth understanding of property operating statements, leases, rent rolls, and real estate schedules as they relate to repayment ability. and the ability to perform detailed cash flow analysis using CRE templates.
  • Possesses an excellent grasp of the intricacies of business financial statements, business and cash cycles, and overall capacity of the business to generate cash flows through normal operations to maintain sufficient liquidity to service the debt. Must be adept at cash flow analysis and projections, collateral valuation, loan structure and the relevant use of covenants to strengthen loan structure.
  • Identifies the strengths and weaknesses of the borrower along with mitigating factors pertaining to the weaknesses.
  • Performs stress testing scenarios on individual credits.
• Ensures that interactions with internal team members and vendors are clear, courteous, and understandable.

Qualifications:

• Bachelor’s degree in Business Administration, Accounting, Finance, Economics, or related business field required. Master’s degree preferred.
• Five years’ experience in underwriting, documenting, and administering complex C&I, CRE and business loans required.
• One years’ experience supervising clerical and professional staff required.
• Advanced knowledge of computers (PC Windows), Microsoft Office applications and Financial Services platforms required.
• Understanding of applicable laws and regulations related to commercial lending in a credit union environment required.
• Comprehensive knowledge of accounting, banking, financial statement analysis and cash flows, and the analysis and reporting of financial data required.
• Must be able to multi-task and meet deadlines.

Our Keys to Success:

• Service Champion – Adopts a service orientation, building trusting relationships and delivering value for associates, members, and communities.
• Langley Ambassadors – Demonstrates a passion for Langley’s vision, encouraging diversity, equity and inclusion while considering Langley’s values when making decisions and taking accountability for delivering results.
• Agile in Action – Adapts to changes in the business, demonstrating innovation to improve Langley and advance the business into the future.
• Team Driven – Collaborates across Langley, communicating with transparency and prioritizing a team-based approach that delivers optimal outcomes for associates, members, and communities.
• Continuous Learners – Maintains an understanding of Langley’s business and how value is delivered to members and actively pursues opportunities to grow oneself and strengthen the organization.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)