A Credit Products Officer specializes in either Corporate and Industrial (C&I) loan requests and is responsible for preparing complete and accurate credit analyses in a timely manner that meets or exceeds internal business partners' needs, customer expectations, regulatory requirements and leading industry practices. They are accountable for protecting the Bank by providing an unbiased and objective view of the prospective borrower and thoroughly disclosing all identified risks. In addition, this position is responsible for the monitoring and ongoing maintenance of a portfolio, while supporting one or more Relationship Managers in this endeavor.
Requirements
- Prepare spreads in Moody's Risk Origins (C&I)
- Perform borrower financial analysis - Review and analyze borrower financial information including: corporate financial statements, tax returns, and accounts payable and accounts receivable aging to determine borrower financial condition and develop cash flow analysis.
- Perform guarantor financial analysis - Review and analyze personal financial information for guarantors including personal financial statements, tax returns, real estate owned schedules, and liquidity statements to determine financial strength of guarantor.
- Complete all required risk rating models and analyses.
- Draft approval narrative in MS Word and enter the deal into the approval system (e-CAM).
- Collect and review financial statements and covenant compliance and borrowing base worksheets from corporate customers.
- Conduct ongoing credit assessments/reviews: Complete annual, semi-annual or quarterly reviews as required on corporate lending relationships.
Responsibilities
- Determine Risk Ratings - Confirm the Industry Risk Rating (IRR) and Hold Limits as well as determine Borrower's Risk Rating (BRR) using the tools / matrices provided by the bank.
- Prepare Spreads - Prepare spreads in Moody's Risk Origins (C&I) to aid Relationship Manager and Line Management in determining whether to move forward with a request.
- Determine financial information requirements - Work with the Relationship Manager to obtain all necessary information to underwrite the credit request.
- Assist in preparation of the Pre-Approval Memorandum - Prepare the financial portion of the pre-approval memorandum to assist Relationship Manager in obtaining concurrence to issue a Term Sheet to a prospective borrower.
- Determine due diligence requirements - Prepare due diligence request for items needed to fully underwrite the credit request and forward to Loan Closing Officer for ordering of due diligence items (lien, credit, UCC, OFAC, etc.).
- Perform borrower financial analysis - Review and analyze borrower financial information including: corporate financial statements, tax returns, and accounts payable and accounts receivable aging to determine borrower financial condition and develop cash flow analysis.
- Perform guarantor financial analysis - Review and analyze personal financial information for guarantors including personal financial statements, tax returns, real estate owned schedules, and liquidity statements to determine financial strength of guarantor.
Other
- Bachelor's Degree 4 year college degree in business related field, or other acceptable alternative field required
- 7-9 Years of credit experience required
- Must have good accounting skills developed through formal college undergraduate courses (through intermediate accounting) or through acceptable alternative means such as AIB.
- Candidates residing in locations within BankUnited's footprint may be given preference.
- Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).
