City National Bank
City National Bank proudly offers services, tools and technology that put our people and communities first.
Los Angeles, CA
Hybrid

Credit Officer I

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CREDIT OFFICER I PB



WHAT IS THE OPPORTUNITY?



Participates in the loan management process by providing credit and loan underwriting expertise to a team of Private Bankers. Analyzes prospective loan transactions and credit worthiness of borrowers. Validates the credit analysis prepared by the Credit Analysts and provides opinions and recommendations regarding proposed credit and potential risks. Ensures all due diligence and background evaluation is complete and thorough before credit approval is granted. Must be in good standing under "The Secure and Fair Enforcement for Mortgage Licensing Act of 2008" (Safe Act) and must be registered/licensed with the "Nationwide Mortgage Licensing System and Registry"; or must be able to be registered under the Safe Act. Must remain in good standing under the Safe Act.






WHAT WILL YOU DO?



  • Review loan application and financial information; evaluate and determine credit structure and terms; fully underwrite CRR consistent with Bank format, policies and procedures; determine sources and uses of funds; analyzes industry data, competitive factors, historical performance, projected results, risks, and mitigating factors. Ensure CRR contains a well supported recommendation or decision; the risk rating is correct and supported; and the data and analytics used to support the decision are accurate and calculated correctly.
  • Attend client meetings at PB, Sales Manager, or Credit Manager's request to facilitate delivery of credit product and/or assist in problem resolution. Contact borrowers directly, for additional information and details related to loan request or clarification of financial materials and resources.
  • Provide balanced and appropriate credit guidance to PB and Sales Manager and collaborate in determining appropriate credit strategy.
  • Provide credit alternatives and creative ways to structure credits ensuring that transactions are within profitability and portfolio risk standards. Author credit approval memorandum.
  • Provide input to the PB and Sales Manager when loan pricing does not appear to reflect inherent risk in subject transaction. Pricing may be either too high or too low. Restructure loans and/or lines of credit as required. Assumes accountability for minimizing Bank losses.
  • Perform periodic financial reviews of client's financial condition including monitoring covenants and conditions. Take a proactive approach toward resolution. Escalate potential credit issues to New Business Credit Team Leader and/or Credit Manager.
  • Have primary role in early problem loan identification and the timely and accurate changes in loan grades. Monitor and take initiative to respond to past dues based on information provided by the PCA.
  • Maintain up-to-date knowledge on all Bank lending policies and regulations. Confer with the Credit Manager and appropriate Bank personnel regarding new/existing lending requirements and regulations.
  • May coordinate loan documentation including work with legal, CLC, or other outside counsel to obtain the correct, accurate documents to ensure all loan are documented to fully protect the Bank’s interests in the credit relationship. Review collateral periodically to minimize credit exposure.



WHAT DO YOU NEED TO SUCCEED


Must-Have*

  • Bachelor's Degree
  • Minimum 3 years of credit underwriting experience required.
  • Minimum 3 years of experience in a banking or financial services environment required
  • Must be in good standing under “The Secure and Fair Enforcement for Mortgage Licensing Act of 2008” (Safe Act) and must be registered/licensed with the “Nationwide Mortgage Licensing System and Registry”; or must be able to be registered under the Safe Act. Must remain in good standing under the Safe Act.


Skills and Knowledge

  • Bachelor’s degree in Finance, Accounting, Business or related field preferred
  • Minimum of 3 to 8 years of experience in credit underwriting.
  • Working knowledge of credit, accounting, credit policy and financial statement analysis.
  • Excellent organizational and analytical skills.
  • Good verbal and written communication skills to present clear and precise recommendations based
  • upon analysis for action on loans and loan treatments.

Compensation

Starting base salary: $41.83 - $66.81 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.




*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.



Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.



INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.



ABOUT CITY NATIONAL



We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.


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What are City National Bank Perks + Benefits

City National Bank Benefits Overview

We strive to be the best at whatever we do, and that includes the benefits and perks we offer our colleagues.

We understand that colleagues have different needs. As a result, we look to offer a holistic program to support and address physical, emotional, financial and social needs.

Culture
Volunteer in local community
Partners with nonprofits
Open door policy
OKR operational model
Team based strategic planning
Open office floor plan
Employee resource groups
Remote work program
Diversity
Mandated unconscious bias training
Diversity employee resource groups
Our 11 Colleague Resource Groups (CRGs) help colleagues deepen their relationships and knowledge at work, encouraging more people to connect, learn and celebrate with each other.
Hiring practices that promote diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability insurance
Dental insurance
Vision insurance
Health insurance
Coverage generally begins on the first day of the month following employment, and colleagues are able to cover spouses, domestic partners and/or dependent children.
Life insurance
Wellness programs
Mental health benefits
Abortion travel benefits
Financial & Retirement
401(K)
401(K) matching
Pretax and Roth 401(k) - the company matches 75% of the first six percent of eligible pay a colleague contributes each pay period. Match dollars are immediately vested.
Performance bonus
Some positions may be eligible for bonus and/or commissions
Child Care & Parental Leave Benefits
Generous parental leave
Family medical leave
Adoption Assistance
Fertility benefits
Vacation & Time Off Benefits
Paid volunteer time
Paid holidays
Paid sick days
Floating holidays
Bereavement leave benefits
Office Perks
Commuter benefits
Mother's room
Professional Development Benefits
Job training & conferences
Tuition reimbursement
Lunch and learns
Promote from within
Mentorship program
Continuing education available during work hours

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