Staff Credit Officer
Lending & Credit Adm Department
FirstBank PR
Our Company
At FirstBank PR, we strive to be trusted advisors to our clients, and our employees are the ones that ensure we deliver on our promise of excellence in personalized customer service. Our more than 3,100 employees in Puerto Rico, the Virgin Islands and Florida share a passion for excellent customer service. We are proud of our team because they are continuously surpassing our client’s expectations.
Do you have a passion for helping customers, building relationships, and delivering extraordinary, personalized customer service? If your answer is yes, FirstBank is the number one place for you.
A Brief Overview :
Evaluate credit risk for Puerto Rico and ECR (Eastern Caribbean Region) clients, including Corporate, Business Banking, Floor Plan, and Construction Units, within established risk guidelines. Exercise independent credit judgment, to determine the creditworthiness of borrowers and the suitability of their credit request for the Bank's portfolio & strategy. Approve, deny, or recommend credit requests based on the Level of Lending Authority granted by the Board of Directors (Class C).
What You’ll Need to Succeed :
- Control risks associated with existing and prospective Corporate, Business Banking, Floor Plan, and Construction Units borrowing relationships through the use of appropriate credit strategies, structure and compliance with credit policy.
- Analyze, review, modify proposed structures, if applicable, and approve commercial credit proposals for the Business Banking Credit portfolio within established commercial credit lending grid.
- Monitor and guarantee compliance with the credit policy and the best practices and regulatory requirements, in order to achieve satisfactory ratings, form internal and external auditors.
- Detection and referral of credit facility(ies) to Credit Risk Management, Loan Review and Work Out Unit, in anticipation of potential problem loans.
- Establish appropriate levels of remedial attention and action plans to mitigate potential weaknesses embedded in the structure of existing and potential credit facilities.
- Oversee monitoring triggers established at approval/origination of new or existing loans to ensure proper risk classification.
- Recommend changes in credit policy in tandem with market, competition and economic trends.
- Oversee the compliance of approval conditions at loan closing process and evaluate for approval/denial/recommendation closing credit exceptions that may arise.
- Evaluate daily overdraft/ACH requests for approval as per lending grid of assigned business unit coverage.
- Assist management in special projects.
Competencies:
- Strong analytical capacity
- Strong problem recognition and solving skills
- Independent critical analysis performance
- Computer proficiency including applications like Microsoft Word, Excel, and internal banking systems. Spreadsheet abilities are a must for this type of position.
- Write, speak and comprehend English & Spanish
- Excellent verbal and communication skills
- Knowledge of credit policy, commercial credit management practices, economy, local legal, regulatory, tax and compliance risk a must
- Expertise in commercial remedial management practice proficiency
- Work-out loan management techniques are a must to identify & handle potential problem loans
- Collateral and related documentation acquaintance
- Local Laws, regulations, tax and compliance acquaintance
- Strong knowledge of applicable commercial credit policies
What You’ll Need:
- A Bachelor’s Degree in Accounting, Finance or Business Administration or related field is required for this position.
- 5 – 10 years of experience in Credit analysis, work-out loans or a similar position in the banking industry.
- Computer proficient, especially in Excel, Word, and Power Point. Job requires extensive use of Excel.
- Excellent verbal and written communication in both English and Spanish.
- Good analytical, problem solving and mathematic skills.
- Ability to manage multiple priorities, organize daily tasks and meet deadlines in a high-volume environment.
Disclaimer: The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, skills required of personnel so classified. The reporting relationship may not reflect the most recent changes to the corporate reporting structure.
EQUAL EMPLOYMENT OPPORTUNITY EMPLOYER
