VP, Credit Administrator

Description

At Seattle Bank, we take a personal approach to banking. Locally owned and managed, we are a digitally driven boutique bank serving families, businesses and fintech partners in the Greater Puget Sound region. Our experienced team of bankers blends big-bank solutions with boutique-bank service, focusing on building relationships that last and solutions that succeed. From smart technologies that give our clients more control to creative solutions that can make money work smarter, we’re always building better ways to bank. As we continue to redesign the banking experience, Seattle Bank now offers BaaS solutions to fintech and brands, orchestrating the trifecta of business, technology and compliance strategies to create successful partner banking collaborations.

The Credit Administrator is responsible for assisting the Chief Credit Officer in ensuring the overall quality and performance of the Bank’s loan portfolio by providing direction, support, review, and oversight for the Bank’s credit-related activities, including financial analysis and underwriting, covenant testing, appraisal management, construction monitoring, portfolio reviews, internal and external report preparation, loan policies and procedures, special asset resolutions, and ALLL analysis. The position performs direct supervisory duties of department staff and coordinates coverage in all related areas of the department. Assures compliance with all loan policies and procedures, as well as all applicable state and federal banking regulations. Lending approval authority may be granted commensurate with experience and ability.

Essential Duties

• Manage the Bank’s team of Credit Analysts and Portfolio Managers with responsibility for spreading business and personal financial statements and tax returns, underwriting and analyzing new loan requests and renewals, and monitoring the existing loan portfolio to ensure compliance with all covenants and financial reporting requirements.
• Manage the preparation of all credit administration reports, to include loan quality risk ratings and trends; concentrations by loan type, industry, and location; policy exception tracking; real estate stress testing; interest rate modeling; loan activity summaries, comparisons to budget, and projections.
• Approve new loans, renewals, and modifications within delegated lending authority in a manner consistent with Bank policy and sound banking practices.
• Oversee the Bank’s commercial and residential construction activities; ensure construction draws are accurate and well-supported; review site inspections and progress reports; monitor borrowers and builders for on-time and on-budget performance.
• Manage the Bank’s real estate appraisal and review process in compliance with all applicable laws, regulations, and Bank policy.
• Manage the Bank’s special asset portfolio; monitor and resolve under-performing credits; develop and implement action plans for improvement and/or collection; prepare periodic reports for Senior Management and the Board of Directors. 
• Assist in the preparation of the Bank’s quarterly ALLL calculations and related reports, including analysis of regional and national economic and real estate market conditions, loan losses and trends, and loan product concentrations.
• Coordinate the preparation and responses for all internal and external loan reviews, audits and regulatory exams.
• Ensure risk ratings are correctly assessed and reviewed in a timely manner; recommend upgrades or downgrades as appropriate.
• Prepare, modify, and review lending policies and procedures as necessary.
• Manage Credit team projects, including system implementations and related integration into existing systems and processes.
• Assist in the analysis and due diligence for loan purchases.
• Work with the Loan Operations team to ensure that borrowers’ loan documents accurately reflect the credit approval conditions and are compliant with all applicable laws, regulations, and Bank policies.
• Enhance the development and growth of assigned department staff through training, guidance, mentoring, excellent communication skills, both verbal and written, along with strong delegation skills assuring a highly cross-trained staff.
• Participate in various internal committees, special projects and other duties as assigned.

Requirements

• Bachelor’s degree or equivalent from an accredited four-year college or university; 5 years related experience and/or training; or the equivalent combination of education and experience. Work related experience should consist of a financial analysis or credit background, including financial statement and tax return analysis.
• Experience, knowledge and training in all lending activities and terminology.
• Knowledge of commercial, construction, real estate and consumer loan documentation and processing.
• Knowledge of related state and federal lending and compliance regulations.
• Excellent organizational and time management skills with the ability to provide leadership, supervision and training for one or more employees. 
• Skills in personal computer operation, word processing and spreadsheet software programs.
• Exceptional verbal and written and communication skills.
• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.