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Analyze the financial condition of businesses and individuals by thoroughly reviewing financial statements, tax returns and other relevant financial documents. Responsible for independently underwriting all credit requests for new applicants and existing obligors.
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Underwrite loans ranging from $100K to $10MM includes working capital facilities, borrowing base lines of credit, term loans, commercial mortgages, construction and bridge financing and government guarantee loan products (SBA / USDA).
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Prepare loan presentations ensuring all details of the credit proposal are complete and accurate, provide assessment and adequacy of deal structure, risk ratings, and creditworthiness.
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Review and analyze appraisal, environmental, engineering, construction and inspection reports; communicates with report writer to resolve any discrepancies.
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Monitor and track all loan maturities, modifications, renewals and / or extensions. Conduct analysis and due diligence research and make written recommendations to the CCO and Credit Committee.
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Present all credit write-ups to the CCO and the Bank’s Credit Committee for consideration and approval.
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Review loan documents prior to closing to ensure that all documents comply with the credit approval.
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Interact with Bank attorneys, accountants, and loan brokers, as needed.
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Provide post-funding analytical and monitoring support of credit relationships and portfolio maintenance including annual reviews, when needed.
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Prepare quarterly impairment analysis reports.
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Assist with overall asset management, which includes review and preparation of Credit Risk Administration reports.
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Create departmental procedures for day-to-day routine tasks. Assist the CCO in ongoing policy review and changes as required.
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Prepare reports and loan files for regulators and internal auditors.
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Provide mentoring to the Portfolio Manager.
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Assist Chief Credit Officer with special projects.
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Minimum of 7 to 10 years of experience in underwriting and credit risk administration.
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Credit training (formal or on the job) at a commercial bank, credit union or community development financial institution preferred.
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Experience with loan, legal, collateral documentation, and compliance.
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Extremely organized and detail oriented.
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Strong interpersonal skills – ability to work well with other departments.
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Self-motivated; able to set priorities and multi-task responsibilities, a must.
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Excellent with deadline-intensive environment, ensuring accurate and on-time completion of reports and write-ups.
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Proficient with Microsoft Word and Excel and various other reporting systems.
Salary Range: $120,000 - $150,000 annually
"Base salary range does not include performance-based bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience."
About Community Federal Savings Bank (CFSB)
Community Federal Savings Bank (CFSB) is a federally chartered bank founded in 2001 and headquartered in New York City. CFSB has focused on providing superior service and added value to clients though a solid understanding of relationship banking. We offer a full range of services, including loans, bill payments, card services, internet banking, and merchant processing.
We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and/or veteran status, or any other Federal or State legally-protected classes.