Responsible for monitoring and managing the Bank’s entire lending and sales programs.
Responsible for managing the Bank’s overall credit risk management program.
Participate in corporate level activities at the executive management level, including formulating policies, assisting in development of operational plans and identifying new areas of expansion, acquisition, and product development.
Provide oversight and guidance for the Business Development, Loan Origination, Loan Servicing, Loan Processing and Collections
Responsible for the Bank’s involvement in all secondary market activities
Duties and Responsibilities:
Develop Loan Policy and Underwriting Guidelines, subject to final approval, and communicate such to all personnel involved in loan origination, underwriting, processing and persons authorized to approve loans.
Ensure the continuing flow of appropriate financial information regarding the loan portfolio to the Board of Directors and other members of management.
Monitor and evaluate the current, short-term and long-term financial performance of the loan portfolio, and assist in ensuring that the Bank maintains an adequate loan loss reserve balance.
Present and review major loan requests, as defined by policy, with directors for their consideration and approval or rejection.
Oversee the Bank’s Business Development Program
Responsible for developing and administering policies, procedures, and controls in order to ensure timely and accurate problem loan identification, effective credit administration, sound underwriting standards, and overall loan portfolio management.
Develop and recommend to the CEO specific long-and short-range goals and objectives related to the Bank’s business and profitability.
Provide surveillance of budget performance, conducting analyses to detect significant trends, identifying causes of variances from planned results and interpreting the impact of these trends and variances on future operating performance. Based upon these analyses, make recommendations to appropriate individuals, or committees.
Assist in establishing appropriate plans to foster growth and expansion of the organization.
Work with other members of Executive Management to ensure that the organization meets all regulatory, legal and compliance requirements applicable to loans by reviewing such issues with staff members.
Review and evaluate the performance of the division managers and recommend appropriate compensation / status changes or adjustments in accordance to HR guidelines. Recommend to the CEO the appointment of new officers, promotion, demotion, and / or discharge of management in the division.
Assist in guidance of personnel activities that affect the assigned responsibility centers including salary administration, management incentive, and department performance objectives to assure a solid team effort toward the attainment of established goals.
Participate in Strategic Planning and budgeting as it relates to the Credit Department.
Develop and effectively implement policies, processes, and procedures necessary for the Bank to manage risk, stay efficient, and service customers.
Represent the organization and provide leadership in key community activities, including business, charitable, civic, and social organizations. Encourage other team members to do likewise.
Coordinate all Bank Loan Committee activities and reporting. May act as chairperson for the Bank’s Loan Committee. Oversee the compliance and review functions as they relate to loans. Oversee maintenance of the Loan Policy and assist in setting lending authorities.
Responsible for overseeing Bank’s loan system and controls to ensure proper loan collateral and adequate credit files. Responsible for ensuring the loan policy is current and effective.
Responsible for ensuring the Bank complies with laws, rules, and regulations that relate to the activities of the Credit Department.
Supervise contact programs with participation partners, builders and local realtors/brokers to ensure a continuing demand for loan funds.
Negotiate all loan participations and purchase agreements
Deal with attorneys representing the Bank on loan matters
All employees must comply with the requirements of BSA as it applies to their specific job duties.
This job description does not list all possible duties. A Chief Lending Officer will be required to follow any other job-related instructions and to perform other job-related duties requested by the CEO.
Qualification requirements: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bachelor’s degree in business administration, finance, accounting, or related area OR equivalent training and / or work experience
Masters degree in finance, banking, personnel, economics, or management preferred
Masters degree from banking industry recognized school preferred
10 years lending experience within a financial institution & similar experience in a credit administration capacity within a financial institution
3 years of supervisory experience
Broad understanding and knowledge of regulatory and compliance issues as they apply to loans
Experience with government and regulatory agencies
Experience with Commercial, Ag, and Small Business Lending preferred
Ability to respond to common inquiries or complaints from regulatory agencies, outside auditors, and accountants, Board of Directors, or other members of management.
Must have excellent communication skills.
Ability to define problems, collect data, establish facts, and draw valid conclusions.
Must know the framework of procedures
Ability to deal with several abstract or concrete variables simultaneously.
Ability to oversee goals and projects and ensure they are completed in a timely manner.
Must have the ability to maintain a friendly, helpful, and courteous attitude when working with customers or co-workers under diverse conditions.
Must have the ability to accurately and quickly complete standard mathematical calculations.
Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
Ability to interpret various ratios and relationships inherent in common or specialized financial reports.
Ability to project future results or consequences from different alternatives or variables.
Equipment typically used in this job:
Ability to use a calculator, computer, and applicable software programs, including various lending programs.
Ability to hear conversational speech Speak clearly
Sit comfortably for long periods Dexterity for office equipment
Ability to reach, pull, or lift 25 pounds Ability to climb stairs carrying 25 pounds
Certifications, training, or licenses required:
All bank employees are bonded
Driver’s license with good driving record required
Certificates in Lending, Commercial Lending, Credit Analysis, or related topics preferred
Training and learning recommended:
Initial training includes orientation to the Bank’s specific financial reports (such as general ledger or budget), bank products, services, structure, procedures, policies, and staff. Ongoing training may include topics such as trends in banking, government regulations, new bank products, computer programs, interpersonal skills, loan services, customer service, forecasting, bank security, robbery procedures, personnel management, banking regulations, fraud detection, loan related insurance products, internet banking, media relations, commercial lending, consumer lending, mortgage loans, unsecured loans, or new technology.
Additional Salary Information: Country Club Membership, 401k plan, Bank Vehicle, Executive Deferred Bonus Plan
F&M Bank is truly a neighborhood, hometown bank with locations in Hannibal and Monroe City, Missouri.
We are America's Hometown Bank!
We are the area's oldest locally owned community bank, founded in 1870 by the friends & family of Mark Twain (Samuel Clemens).
We offer a wide array of conventional banking products & services, plus the latest in mobile & internet products as well.
We do ...promise quick loan decisions, and personalized service that only locally-owned, hometown banks can provide. Trust us to be your local, community financial advisor. We understand our communities, and reinvest in them. We understand your unique needs, and are here to help you build your dreams. To become better acquainted with F&M Bank, call us toll free at 877-221-6424. We're here to help.