Credit Manager

Are you looking for an employer that provides 5+ weeks of PTO and benefits upon hire, focuses on advancement opportunities, and has an overall average employee tenure of a decade? With tuition reimbursement, wellness incentives, and a 401K plan with dollar-for-dollar match, Florence Bank has it all!

 At Florence Bank, we offer:

• Competitive salary
• Generous paid time off
• Hybrid work schedule after successfully completing 6 months of employment
• 12 paid holidays
• Dynamic work culture
• Fun work environment
• Weekly pay schedule
• Medical, dental, vision and life insurance upon hire
• 401K plan with dollar-for-dollar match
• Profit sharing bonus after two full calendar years of employment
• Robust wellness program with monetary incentives
• $5,000 tuition reimbursement each calendar year

We are currently seeking candidates to join our exceptional team for the following position:

Job Title: Credit Manager
Location: Main Office, Florence MA
Salary Range: $105,000.00 - $210,000.00
 *Compensation for this position is commensurate with experience. The posted range is intended to provide a general estimate and does not guarantee a specific rate of pay.

Essential Functions:

1. Consistently provides superior professional service to internal and external customers.
2. Consistently meet expectations of teamwork, punctuality, and regular, reliable attendance.
3. Prepares detailed credit analysis on existing and proposed credit relationships to include financial stability, collateral coverage, debt service capacity and management strength. 
4. Trains and directs the Credit Analysts in the analysis of existing and proposed credit facilities, including but not limited to statement spreading, ratio analysis, loan structure, collateral analysis, documentation, risk assessment, general economic stability and industry concerns, line of credit renewals and commitment letters.  Reviews all credit analysis completed by Credit Analysts and Loan Officers.
5. Effectively performs in the area of employee management and development through conducting regular staff meetings; monitoring staffing levels; demonstrating strong communication, coaching, and training of staff; conducting performance evaluations; focusing on staff development; and ensuring employee engagement.
6. Reviews risk ratings for all commercial loans/mortgages to insure the viability and integrity of the respective loan portfolios.
7. Works with loan officers and senior management in the structure, presentation, negotiation, and documentation of existing and proposed loan relationships.
8. Reviews and updates loan policy.  Monitors loan covenant compliance on existing loan relationships and coordinates/monitors desk followed lines of credit.
9. Serves on various committees as directed by Senior Management in the areas of loan policy, budgeting, strategic planning, and external support systems.
10. Maintains credit/collateral files on an ongoing basis to insure they are current and complete with respect to credit comments, financial statements, and risk rating assessment.
11. Performs site inspections of commercial real estate on conformity with loan policy.
12. Maintains internal tickler files to support review process.  Prepares in-depth reports for presentation to Senior Management and the Board of Directors and/or Board of Investment.
13. Works with external loan review in the completion of the Bank’s annual audit.
14. Implements and manages the Exception Managed loan portfolio.
15. Reviews Regulation B files.

Other Responsibilities:  Assumes additional responsibilities, as requested.

Education, Experience, and Skills Required:

The following skills, experience, or background are necessary (with or without accommodation) for this position.

1. A Bachelor’s degree or equivalent experience in business with a concentration in finance and accounting.  A graduate degree is helpful.
2. Three to five years’ experience in managing a commercial credit department or five to eight years’ experience as a Credit Analyst with demonstrated team leadership capabilities.
3. Demonstrated experience as a trainer of Credit Analysts with a passion for employee development.
4. Strong interpersonal, verbal, and written communication skills.
5. Demonstrated strong computer skills, including proficiency with Word and Excel.
6. Knowledge of Loan Vantage operating system is a plus.

 Physical Demands/Conditions Requirements:

1. General office environment.
2. Frequent use of computer.
3. Sits for an extended period of time.

 Equipment Used:

• General office equipment.

 All employees handling customer accounts and transactions have a duty to report apparent suspicious activity and OFAC matches to the BSA Officer and the Security Officer.  

Florence Bank is an Equal Opportunity Employer; Veterans, disabled, diverse candidates are encouraged to apply.