Credit Officer Lead Corporate Banking
Company: CareerArc
Location: New York
Posted on: March 17, 2025
Job Description:
CREDIT OFFICER LEAD CORPORATE BANKING - Food and Beverage WHAT
IS THE OPPORTUNITY?Participates in the loan management process by
providing credit and loan underwriting expertise. Is client facing
and manages all aspects of credit relationships for clients.
Provides credit product expertise in an advisory capacity and
ensures all due diligence and background evaluation is complete and
thorough before credit approval is granted. Provides workflow
oversight and delegates team assignments.Transactional
- Underwrite new transactions with commitments typically $25-100
million to private and public borrowers across the sponsor and
direct channels. Target clients typically have > $10 million of
EBITDA and $100 million-$2 billion of revenue.
- Lead the wing-to-wing underwriting process including proposal
letter preparation, due diligence, dynamic 3-statement financial
modeling, credit memorandum preparation, compliance, definitive
loan documentation, loan closing, etc.
- Run Lead Left and JLA transactions, and possess expertise in
managing through an underwriter of a syndicated loan, on a blind
participation and direct basis.
- Structure revolvers, term loans, delayed draw terms loans, and
CAPEX lines across multiple product lines including asset-based,
asset-backed, unitranche, cash flow, and unsecured.
- Manage through multiple transaction types including LBOs, MBOs,
refinances, growth capital, recapitalizations, add-on acquisitions,
etc.
- Negotiate and review credit agreements, guaranty and security
agreements, intercreditor agreements, subordination agreements,
amendments, consents, waivers, forbearance agreements, etc.
- Manage a portfolio of borrowers across multiple food and
beverage subsectors with various structures, roles, commitments and
risk ratings.
- Perform monthly/quarterly and annual reviews of client's
condition including monitoring financial performance, risk rating,
capacity to repay, covenants, etc.
- Evaluate credit requests to assess creditworthiness, prepare
the corresponding approval memorandum, and document the
waiver/consent/amendment, as applicable.
- Provide balanced and appropriate credit guidance to
Relationship Managers, Group Head and Credit Manager.
- Respond to inquiries from internal and external constituents
(e.g. clients, auditors, field examiners, appraisers, counsel,
etc.) concerning credit policies, procedures, structuring, etc.
before it is elevated, if necessary, to the Credit Manager.
- Have primary role in early problem loan identification and the
timely and accurate changes to risk ratings.
- Attend client meetings, as necessary, to facilitate delivery of
the credit product and/or assist in problem resolution.
- Maintain up-to-date knowledge on all Bank lending policies and
regulations. Confer with the Credit Manager and appropriate Bank
personnel regarding new/existing lending requirements and
regulations. Act in accordance with Bank's credit culture and
strategies.Managerial
- Manage workflow and priorities in conjunction with the Credit
Manager. Determine and assign work assignments to team of Credit
Officers and Credit Analysts based on experience, availability, and
portfolio complexity and size.
- Provide technical guidance to and review the work of less
experienced Credit Officers and Credit Analysts. Guide and assist
Credit Officers and Credit Analysts in research, credit
structuring, financial analysis, financial modeling, loan
documentation, etc. for complex accounts.
- Monitor performance, provide on-going performance feedback and
participate in conducting effective performance appraisals. Train,
coach, counsel and provide general direction and guidance to staff,
including identifying development needs and providing
educational/training opportunities.Must-Have*
- Bachelor's Degree or equivalent
- Minimum 10 years' experience in underwriting medium to large
sized and moderately-complex commercial credit required.
- Minimum 10 years of experience in a banking or financial
services environment required.
- Completion of credit training program is required.Skills and
Knowledge
- College degree in Finance, Economics, Business Administration
or a related field.
- Experience in underwriting medium to large sized and
moderately-complex corporate credit which includes analyzing,
interpreting, and evaluating financial statements, cash flow
analysis, familiarity with various industries, collateral issues
and values, loan structuring and guarantor personal financial
statements and tax returns.
- Supervisory experience preferred.
- Highly knowledgeable in corporate credit policies and
procedures.
- Strong credit analysis and accounting skills with the ability
to communicate skillfully and effectively in both verbal/written
forms.
- Good organizational skills.
- Ability to assume responsibility and accountability for
decision making. Ability to work well independently and in teams
and interact effectively with all levels of Bank personnel and
outside contacts.CompensationStarting base salary: $127,626 -
$237,014 per year. Exact compensation may vary based on skills,
experience, and location. This job is eligible for bonus and/or
commissions.*To be considered for this position you must meet at
least these basic qualificationsThe preceding job description has
been designed to indicate the general nature and level of work
performed by employees within this classification. It is not
designed to contain or be interpreted as a comprehensive inventory
of all duties, responsibilities, and qualifications required of
employees assigned to this job.Benefits and PerksAt City National,
we strive to be the best at whatever we do, including the benefits
and perks we offer our colleagues. Get an inside look at our
Benefits and Perks.ABOUT CITY NATIONALCity National Bank, a
subsidiary of Royal Bank of Canada, is the largest bank
headquartered in Los Angeles with $92.03 billion in assets as of
April 30, 2024. Founded in 1954, City National provides
personalized banking, investment and trust services in select
markets including Los Angeles, Orange County, San Diego, the San
Francisco Bay Area, New York City, Nashville, Atlanta, Delaware,
Las Vegas, Washington D.C. and Miami. In addition, the company and
its investment affiliates manage or administer $96.83 billion in
client investment assets. City National is dedicated to
strengthening communities, and in 2023 alone, the company made more
than $11 million in charitable contributions to nonprofits that
support the communities it serves.*City National Bank does business
in Miami and the state of Florida as CN Bank.For more information
about City National, visit cnb.com.EQUAL OPPORTUNITY EMPLOYER &
REASONABLE ACCOMMODATIONCity National Bank is an equal opportunity
employer committed to promoting and maintaining a diverse,
equitable and inclusive working environment where differences are
valued and encouraged. All qualified applicants will receive
consideration for employment without regard to race, color,
religion, sex, sexual orientation, gender identity, national
origin, disability, veteran status or any other basis protected by
the laws or regulations in the locations where we operate or in our
Code of Conduct.READ MOREIf you are a qualified individual with a
disability or a disabled veteran, you have the right to request a
reasonable accommodation for any part of the employment process.
Please contact us via email or leave a message at (213) 673-9139.
These contact methods are dedicated to applicants whose disability
prevents them from successfully applying online. Only messages left
for this purpose will be returned. Responses may take up to two
business days.
#J-18808-Ljbffr
Keywords: CareerArc, New York , Credit Officer Lead Corporate Banking, Accounting, Auditing , New York, New York
Didn't find what you're looking for? Search again!
Loading more jobs...