POSITION SUMMARY: Responsible for development and enforcement of the credit policy and the credit quality of the loan portfolio. Develops, updates, implements and executes Loan policy. Develops, updates, implements and oversees effective risk rating system/process. Chairs the Officers Loan Committee (OLC). Manages and oversees all credit analysis and loan operations support functions. Actively participates in development and implementation of ongoing credit training. Assists in detection of any deterioration of loan quality. Monitors and manages loan portfolio concentration. Monitors and manages the Allowance for Loan and Lease Loss reserves.
PRIMARY RESPONSIBILITIES AND ACCOUNTABILITIES:
Manages all aspects of bank wide credit policy and credit administration. Oversees and ensures sound credit decisions bank wide. Develops and updates the Bank’s Loan policy. Monitors compliance with Loan Policy and appropriate regulations. Evaluates and recommends policy or procedure changes.
Nurtures a credit culture consistent with Board standards and expectations. Chairs the Officers Loan Committee. Coaches and mentors bankers with lending authority. Ensures that loan packets/materials are compiled thoroughly and disseminated in timely manner for review and analysis prior to the OLC meeting. Uses OLC to foster and further develop the Bank’s credit culture. Approves loans within lending authority.
Implements a system of credit analysis and quality control for all loans made as required by the Board?approved Loan policy. Oversees the Bank’s Risk Rating system and ensures consistency of application. Monitors and manages the administration of all large loans, large aggregate lending to one borrower, complex loans, and loans indicating risk of significant deterioration.
Oversees centralization of Loan Operations. Examines files systematically for adequacy of credit and collateral documentation, regulatory compliance, and loan policy conformance; reviews technical exceptions and deficiencies and appraisal reviews; reports continued outstanding exceptions to Board of Directors.
Oversees and monitors Criticized Assets and assists Relationship Managers with work out loans. Assures that an accurate accounting of Watch List and Special Mention credits is maintained and reported quarterly to the Board of Directors; discusses status and resolution plans of problem loans with the Board of Directors, Executive Officers, Credit Administrator and Relationship Managers. Makes recommendations regarding future credit information needs; identifies loans meeting non?accrual or charge?off criteria.
Analyzes quarterly the adequacy of the allowance for loan and lease losses, including ASC 450 and ASC 310 analyses. Prepares appropriate monthly/quarterly/annual Board of Directors reports. Prepares periodic studies of various portions of the loan portfolio including past due reports, concentrations of credit, etc. for benefit of supervisory and executive officers.
Oversees the collection of past due loans, manages legal actions taken by the Bank to secure collateral or the repossession of personal property and foreclosure of real estate. Manages the liquidation of Other Personal Property Owned and Other Real Estate Owned by the Bank.
SECONDARY RESPONSIBILITIES AND ACCOUNTABILITIES:
Develops materials for and makes presentations to the Board of Directors.
Other duties as may be assigned.
Executive Leadership Team
Officers Loan Committee
Directors Loan Committee
Asset/Liability Management Committee
Strategic Action Plan Team
Meets or exceeds annual goals as pre-established in tandem by the Board of Directors and the CEO that are aligned with the strategic plan
Ensures Bank meets or exceeds annual budget
Accuracy of work
Timeliness of work; ability to meet predetermined deadlines
Compliance with regulatory requirements
Retains key team members, minimizing unwanted turnover
Work is performed largely within the Bank with limited chance for personal injury. Prolonged and frequent mental and visual concentration required. Periodic stressful situations in response to multiple priorities within established deadlines. Work hours are generally during normal business hours. Unscheduled evening and weekend work may be needed to meet the needs of customers and employees.
Occasional travel between offices and out-of-town/overnight business travel may be required.
Must be able to lift and move up to 20 pounds of office supplies and equipment. Some bending, turning, and twisting required.
Serves as a representative of the organization at appropriate functions.
This position description describes the general nature and level of work performed by the employee assigned to this position and should not be interpreted as all inclusive. It does not state or imply that these are the only duties and responsibilities assigned to the position. The employee may be required to perform other job-related duties. All requirements are subject to change and to possible modification to reasonably accommodate individuals with a disability.
This position description does not constitute an employment agreement between the Bank and employee and is subject to change by the employer as the needs of the Bank and requirements of the position change.
Bachelor’s degree in Business Administration and/or Finance from four year college or university.
Specialized formal credit training.
A minimum of 8?10 years bank commercial and ag lending
A minimum of 5?7 years leadership experience within a bank
A minimum of 5?7 years Credit Administration/Loan Review experience
Other Skills and Abilities
Strong communication skills, both written and verbal
Proven ability to develop/build processes and procedures
Decision making/creative problem solving skills
Ability to deal with customers and employees with tact, diplomacy and confidentiality
Ability to create a collaborative and motivating team environment
Leadership and management skills
Thorough knowledge/understanding of legal and regulatory matters and industry trends
Internal Number: 5406
About Security Financial Bank
Security Financial Bank (SFB) is a $485 million independent community bank with five locations in West Central Wisconsin. SFB started in 1934 in Durand, WI. We strive to build positive relationships with our customers, communities, and each other. We hire employees who have a great attitude, possess valuable knowledge, and work together as a team.
SFB is a growing bank, which provides opportunities for growth and development. In addition to robust training opportunities, our employees enjoy paid time off, volunteer time off, holiday pay, and a wide array of insurance coverages.