Credit Administrator

Location: Ontario
Posted on: January 26, 2023

Job Description:

Senior level commercial Credit Management position supervising a team of
Underwriters and responsible for the credit worthiness/approval of various Commercial Loan products.

Job Duties:
• Critiques Reports of Credit Extended on loan requests submitted for approval by branch loan officers.
• Assists the branches/departments in structuring new and renewed loan requests: Personal cash flow analysis and spreadsheets are checked for accuracy and corrected if necessary.
• Approves loans within delegated approval authority or recommends loans for approval exceeding theses limits. Inter-office memos are prepared advising the branches of loan approval conditions or reasons for declines.
• Reviews Repots for Credit Extended for loans approved by the branch for policy or technical deficiencies, loan quality, and assigns an appropriate loan grade. Prepare internal memo's citing policy exceptions or weaknesses found in each loan request.
• Reviews weekly delinquency reports and works diligently with the branches in their collection strategies. Assists Senior Management with seriously delinquent loans and OREO's as required.
• Reviews real estate appraisals and prepares an appraisal review form.
• Reviews customer files that require annual term loan financial statement/tax return updates and recommends loan grade changes if appropriate.
• Supervises a team of Underwriters.

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