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Senior Credit Review Specialist

Description

VP Sr. Credit Risk Review Specialist – Highly visible Role, Opportunity for Growth


About the Company and Opportunity:


  • Our client is a leading financial holding company, specialize in community banking services, wealth management, and more headquartered in the Chicago market.

  • This is a new position, due to growth and will report to the SVP, Head of Credit Review.

  • The company is well-established and has been recognized by Chicago Tribune as the top 100 workplaces for 6 years in a row.

  • The company has a high sense of community and values teamwork

    • They are heavily involved in various high-profile fundraising events and charity giving


  • They offer excellent benefits, including 401K match, healthcare, career advancement, annual bonus plan & work/life balance.

  • Some of the employee reviews, include things like:

    • “Stable company with good benefits

    • “Client focused. Cares about their clients and employees. the company demonstrates this through awards, benefits, events, charity, and focus on excellent customer service.”

    • “Continually growing, easy to find jobs in the company”

    • “Good benefits and great 401k”



Overview of the Assistant Controller role:


  • Help evaluate portfolio for loan sampling and selection

  • Ensure loan underwriting standards adhere to policy and procedures

  • Ensure policy exceptions are appropriate and mitigated effectively

  • Review loan documentation for adherence to policy and procedure and to all relevant law and regulations

  • Ensure loan is documented in accordance with credit approval

  • Review follow up and due diligence of financial statement, documentation, covenant, and other administrative exceptions

  • Participate in the overall assessment of portfolio credit quality

  • Assess risk rating accuracy, timeliness of grade changes and appropriateness of supporting rationale

  • Ensure adversely classified assets are identified and have appropriate action plans in place

  • Prepare loan officer reports for individual credits reviewed

  • Prepare manager report for individual business unit reviewed

  • Assist with preparation and presentation of quarterly review to appropriate business units and internal committee

  • Assist in the preparation of special reports that identify risk management issues with corresponding corrective action

Requirements

Preferred Qualifications:


  • Experienced credit professional with 7+ years of commercial credit experience, preferably with a background in commercial credit underwriting, credit risk management or loan/credit review

  • Combination of experience with the following: Franchise lending, Leveraged Lending, Lease, Healthcare or Premiere Financing.

  • Prior experience mentoring and managing a team of credit specialists.

  • Successful completion of a formal credit training program

  • Previous loan/credit review experience

  • Bachelor’s degree in Accounting, Finance, Economics 

  • Strong credit analytical skills and credit process knowledge.

  • Knowledge and experience with loan/credit risk management practices

  • Knowledge of the banking industry and regulatory guidelines as they relate to credit review and credit risk management practices

Job Snapshot

Location US-IL-Chicago
Employment Type Full-Time
Pay Type Year
Pay Rate $125,000.00 - $140,000.00 /Year
Store Type Accounting
Other Compensation: 0
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Company Overview

Creative Financial Staffing

CFS is a leading, employee-owned staffing firm—the largest one founded by CPA firms. With more than two decades of experience helping companies locate, attract and hire exceptional accounting, finance & IT professionals, CFS has unique resources to better understand hiring needs, attract higher-caliber candidates and assess candidate potential. Established in 1994, CFS today operates 30+ offices across 21 states and the Caribbean. Serving most major U.S. markets and beyond, CFS connects companies with candidates, from entry-level to executive level, temporary to direct hire and project support to interim management. Learn More

Contact Information

US-IL-Chicago
Bridget Sheerin
Snapshot
Creative Financial Staffing
Company:
US-IL-Chicago
Location:
Full-Time
Employment Type:
Year
Pay Type:
$125,000.00 - $140,000.00 /Year
Pay Rate:
Accounting
Store Type:

Description

VP Sr. Credit Risk Review Specialist – Highly visible Role, Opportunity for Growth


About the Company and Opportunity:


  • Our client is a leading financial holding company, specialize in community banking services, wealth management, and more headquartered in the Chicago market.

  • This is a new position, due to growth and will report to the SVP, Head of Credit Review.

  • The company is well-established and has been recognized by Chicago Tribune as the top 100 workplaces for 6 years in a row.

  • The company has a high sense of community and values teamwork

    • They are heavily involved in various high-profile fundraising events and charity giving


  • They offer excellent benefits, including 401K match, healthcare, career advancement, annual bonus plan & work/life balance.

  • Some of the employee reviews, include things like:

    • “Stable company with good benefits

    • “Client focused. Cares about their clients and employees. the company demonstrates this through awards, benefits, events, charity, and focus on excellent customer service.”

    • “Continually growing, easy to find jobs in the company”

    • “Good benefits and great 401k”



Overview of the Assistant Controller role:


  • Help evaluate portfolio for loan sampling and selection

  • Ensure loan underwriting standards adhere to policy and procedures

  • Ensure policy exceptions are appropriate and mitigated effectively

  • Review loan documentation for adherence to policy and procedure and to all relevant law and regulations

  • Ensure loan is documented in accordance with credit approval

  • Review follow up and due diligence of financial statement, documentation, covenant, and other administrative exceptions

  • Participate in the overall assessment of portfolio credit quality

  • Assess risk rating accuracy, timeliness of grade changes and appropriateness of supporting rationale

  • Ensure adversely classified assets are identified and have appropriate action plans in place

  • Prepare loan officer reports for individual credits reviewed

  • Prepare manager report for individual business unit reviewed

  • Assist with preparation and presentation of quarterly review to appropriate business units and internal committee

  • Assist in the preparation of special reports that identify risk management issues with corresponding corrective action

Requirements

Preferred Qualifications:


  • Experienced credit professional with 7+ years of commercial credit experience, preferably with a background in commercial credit underwriting, credit risk management or loan/credit review

  • Combination of experience with the following: Franchise lending, Leveraged Lending, Lease, Healthcare or Premiere Financing.

  • Prior experience mentoring and managing a team of credit specialists.

  • Successful completion of a formal credit training program

  • Previous loan/credit review experience

  • Bachelor’s degree in Accounting, Finance, Economics 

  • Strong credit analytical skills and credit process knowledge.

  • Knowledge and experience with loan/credit risk management practices

  • Knowledge of the banking industry and regulatory guidelines as they relate to credit review and credit risk management practices

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