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Req ID:  4321
Location: 

Chicago, IL, US, 60631

Division Credit Officer, Specialty Banking (Strong Emphasis on Healthcare)

FT/PT:  Full-Time

First Midwest, with assets over $18 billion, is the premier relationship-based banking franchise in the dynamic Chicagoland banking market. As one of the Chicago metropolitan area's largest independent bank holding companies, First Midwest provides the full range of commercial, retail banking, and wealth management services through some 120+ offices located in communities in metropolitan Chicago, Northwest Indiana, Central and Western Illinois, and Eastern Iowa. 

POSITION SUMMARY:

The Specialty Division Credit Officer (DCO) exercises credit management over assigned lines of lending businesses across various industries and complex financing structures. Responsibilities include new and existing portfolio approvals, proactive risk and portfolio management, support and direction to lending staff, and application and oversight of policies and procedures to ensure compliance and overall portfolio quality. Identifies and manages problem loans and maintains control over credit risk and risk ratings.

The DCO is a senior level position with expectations to perform at a high level, work  independently with minimal supervision, and must be capable of leading deal teams. The DCO will report to the Specialty Deputy Chief Credit Officer (DCCO) and will assist with the supervision, training, and consulting of junior associates. The individual in this role will be responsible for effectively interacting and building collaborative relationships within and across the Bank and with other industry participants.

REQUIRED EDUCATION, EXPERIENCE AND SKILLS:
  • Bachelor’s degree in business with a major in finance or accounting.
  • Advanced degree and or professional certification preferred.
  • Minimum of 15 to 20 years of commercial lending and credit experience. 
  • Strong analytic, problem solving, organization and multi-tasking skills.
  • Strong interpersonal and communication skills, both written and verbal.
  • Expertise in loan structuring, underwriting, and portfolio management of complex and varied types of credits and structures (ex. asset based lending, cash flow leveraged finance, leasing) with particular experience in healthcare.
  • Thorough knowledge of bank regulations, policies and procedures, business cash flow, collateral valuation, appraisal procedures, and documentation.

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DUTIES/RESPONSIBILITIES:
  • Review and analyze credits as needed for approval up to credit approval authority.
  • Determine if all credits submitted for approval meet sound underwriting standards and do not pose greater-than-acceptable risk.
  • Provide credit underwriting assistance to deal teams in vetting and preparation of approvals, supporting the underwriting and diligence process, lend knowledge and expertise as needed for structuring and covenants, as well as assuring requests meet requisite policies and procedures.
  • DCO should communicate regularly and establish good working relationships with the teams and managers they support. This should include regularly scheduled attendance at Team Meetings to facilitate open dialog, strong relationships, and early inclusion in the credit process to best counsel and influence new requests and help to   identify developing problems in a timely manner.
  • Ensures credit facilities and transactions are properly analyzed, structured, diligenced, risk rated, meet pricing hurdles, and are properly documented.
  • Participant in the loan approval process and loan committee.
  • Proactive portfolio monitoring through regularly scheduled reviews in order to maintain credit quality, adhere to Bank risk tolerances, and minimize losses.
  • Ensure proper credit and regulatory risk grades (PD/LGD) for all responsible credits in order to accurately reflect the borrower’s performance and risk to the Bank.
  • Review Daily Overdrafts and Over Advances with deal team follow up on items out of the norm in size or amount and in excess of approved limits.
  • Work with the DCCO to continue building out and implementing the various requisite policies, procedures, and business practices to maintain credit quality while balancing strategic and growth objectives.
  • Organize, review and participate in Bank audits and loan reviews and exams through the compilation of requisite information in support of the Bank’s position.
  • Review and approve requisite non-accrual (NA), charge off (CO), special asset reports (SAR) and troubled debt restructure (TDR) forms to accurately and succinctly support the Bank’s position, holding value and any reserves.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
Please view Equal Employment Opportunity Posters provided by OFCCP here and Supplement here.


Nearest Major Market: Chicago

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