Senior Credit Officer

🔥 6 minutes ago

🗽 New York – Remote

🗽 New York – Remote

⏰ Full Time

🟠 Senior

👻 Ghost score 10%

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Grasshopper Bank

WebsiteLinkedInAll Job Openings

51 - 200 employees

Founded 2020

🏦 Banking

💳 Fintech

🔌 API

Banking • Fintech • API

Grasshopper Bank is a digital-first bank focused on providing innovative financial solutions for small businesses, startups, and venture capital firms. They offer a wide range of banking services including small business checking and savings accounts, startup banking, and lending options such as SBA and venture capital lending. In addition, they provide embedded finance and API banking solutions, showcasing their expertise in fintech and digital finance. Grasshopper Bank focuses on secure and flexible operating accounts, as well as treasury management tools designed to help businesses and firms manage their finances effectively. With a strong emphasis on digital banking, they offer powerful online tools to facilitate bookkeeping, cash flow management, and payment processing for their clients.

📋 Description

• Manage the SBA department’s overall credit underwriting to ensure strong credit quality in accordance with the bank’s credit standards and SBA SOP eligibility requirements • Oversee managerial duties for credit review compliance and credit analysis functions, including adherence to organizational, SBA, and regulatory agency policies and practices • Ensure disciplined credit underwriting practices to maintain strong credit quality and portfolio integrity • Establish and revise internal SBA credit guidelines based on SOP updates • Ensure bank and SBA policies, practices, regulations, and documentation requirements are followed • Monitor and manage credit to identify deterioration in credit quality and minimize portfolio loss exposure • Develop and maintain SBA loan risk rating processes for proper risk rating at loan origination • Inform the Bank CEO, Chief Credit Officer, Chief Risk Officer, and Head of SBA of existing and potential risk issues • Oversee onboarding, management, and use of outside professional vendors for SBA underwriting and risk management • Provide SBA SOP credit guidance and support to underwriting, closing, and servicing staff • Manage SBA agency and regulatory audit reviews and take corrective actions as necessary • Serve as liaison between the bank and regulatory authorities for SBA audits and examinations • Research and respond to state and federal examiner and internal and external auditor inquiries • Meet routinely with commercial underwriting, SBA lending, and bank executives for risk oversight and credit risk management • Manage SBA loan approvals, credit underwriting oversight, and internal and regulatory audit support

🎯 Requirements

• Bachelor’s degree (B.A.) from four year college or university; or a minimum of five years of bank credit department experience; or equivalent combination of education and experience • Prior SBA senior credit experience is required • 5-7 years of direct SBA credit underwriting and credit management, or equivalent experience • Direct commercial credit decisioning experience, SBA preferred • Strong proficiency in SBA SOP eligibility and regulatory requirements • National lending and business acquisition credit experience preferred • Strong proficiency in financial analysis and cash flow modeling • Strong leadership skills and capability to mentor and motivate in a team environment • Experience with complex commercial credit analysis, loan structure, and financial statement analysis • Follows policies and procedures; supports organization's goals and core values; benefits organization through outside activities; supports affirmative action and respects diversity

🏖️ Benefits

• Remote work flexibility • Diversity of thought and perspective • Inclusive partnership culture • Cross-functional teamwork • Opportunities to contribute to banking innovation • Collaboration-focused culture • Accountability encouraged • Successes celebrated