SVP, Credit Administration
Job Location:
Sioux Falls, SD - USA
Monthly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
CORTRUST BANK
The mission of this bank is to profitably deliver high quality customer service that meets the financial needs of our community its businesses and its citizens. No line of financial services is beyond our charter.
CorTrust Bank is seeking a SVP Credit Administration in our Sioux Falls community!
Its more than just a job! When you join one of the regions leading community banks you can expect a family atmosphere committed to building outstanding teams. We believe in the overall well-being of our employees and work hard to provide the best opportunities for growth. Were proud to offer a competitive compensation package that includes perks like a 401k with employer match Employee Stock Ownership Plan insurance coverage options paid time off incentive eligibility service awards community service opportunities an Employee Assistance Program and a stable work environment.
Summary: The Senior Vice President of Credit Administration oversees the Banks lending safety and soundness and balances risk mitigation with sustainable loan growth. They oversee credit policies underwriting standards regulatory compliance and portfolio risk management to protect Bank assets and minimize financial loss.
Key areas of responsibility:
Credit Policy & Governance
- Serves as a key member of the senior leadership team contributing to enterprisewide risk strategy credit culture and longterm portfolio objectives.
- Develops reviews and updates the Banks credit policies to align with changing economic changes regulatory guidance and risk tolerance.
- Ensures lending practices comply with all applicable banking regulations (e.g. Reg B CRA BSA/AML and Fair Lending).
- Assists with financial governance and regulatory engagement and reporting as required and provides periodic reports to regulators board of directors and executive management to effectively communicate portfolio health metrics targets and achievement.
Credit Approval & Underwriting Oversight
- Ensures loan volume doesnt compromise asset quality.
- Directs liquidations foreclosures short sales and Loan Modification/TDR strategies to minimize bank losses.
- Oversees Special Assets and directs workout strategies for troubled borrowers.
- Reviews and sets standards for credit analysis financial spreading cash flow analysis and collateral valuation
- Champions the use of credit technology reporting tools and data analytics to improve decision quality and operational efficiency.
- Partners with Market Presidents and lending leadership to balance prudent risk management with competitive market growth.
Portfolio Risk Management & Analytics
- Tracks key risk indicators that affect portfolio health like non-performing assets (NPAs) past due trends charge-offs stress testing and risk rating migrations.
- Monitors and manages loan concentrations (e.g. commercial real estate agriculture or small business) to prevent overexposure in single sectors.
- Serve as liaison with regulators and participate in regulatory examinations and audits.
- Collaborates closely with Minnesota Credit Administration to ensure consistent credit philosophy underwriting standards and risk management practices across markets.
Key competencies:
The ideal candidate for SVP Credit Administration possesses a combination of education and experience to be able to perform the primary duties of this position with little supervision managing multiple projects simultaneously. They adapt easily to system process product and service changes and can reason solve problems and think critically. They must demonstrate a high level of integrity personal diplomacy and respect and be willing to invest in the ongoing mentorship of a team. Proficiency in loan processes financial statement analysis and underwriting is required as is a deep understanding of credit risk management loan policy underwriting standards and portfolio analytics. A strong understanding of agriculture lending is required.
Required Experience:
Senior Exec
About Company
At CorTrust Bank, you're more than a customer. You're family. Our Midwestern roots combine personalized service and the latest technology to empower you.
