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Req ID:  3820
Location: 

Chicago, IL, US, 60631

Divisional Credit Officer, Commercial Real Estate

FT/PT:  Full-Time

First Midwest, with assets over $16 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:

Reporting to the Deputy Chief Credit Officer in Commercial Real Estate, the Divisional Credit Officer (DCO) Role for Commercial Real Estate (CRE) is a key Credit Position for the Bank to develop sound new borrower relationships within the Commercial Real Estate Division, monitor the portfolios and associated risk as well as assure systems are kept current and accurately reflect portfolio risk.

REQUIRED EDUCATION, EXPERIENCE AND SKILLS:
  • Bachelors of Science Degree required, MBA preferred
  • Minimum of 15 to 20 years commercial Real Estate lending and / or Commercial Real Estate credit experience
  • Strong analytical knowledge and skills
  • Broad based knowledge of Commercial Real Estate lending.
  • Strong foundation in finance and accounting
  • Highly developed administrative, process and organizational skills necessary to handle multiple tasks
  • Experience as a Commercial Real Estate Relationship Manager (RM).
  • Strong written, verbal and interpersonal skills
  • Position may require the need to travel to other branch or meeting locations. 
DUTIES/RESPONSIBILITIES:

For the Divisions or Lending Groups to which they are assigned Divisional Credit Officers are expected to accomplish the following:

 

  • Active participant in the Loan Committee Process

 

  • Counseling and Consulting:  Assisting the Relationship Managers with the analysis and structuring of requests to best align risk with the banks policies and risk tolerances.

 

  • Communication:  Divisional Credit Officers should communicate regularly and establish good working relationships with the Relationship Managers, Division Heads and Area Sales Managers they support.  This should include regularly scheduled attendance at Team Meetings and visits to all offices to facilitate open dialog, strong relationships, early inclusion in the Credit Process and Customer calling efforts.

 

Divisional Credit Officers should also communicate regularly with the Area Sales Managers they support regarding developments in their area of responsibility including Credit Request in process and developing problems.

 

  • Leverage and Mentoring: Divisional Credit Officers should leverage their expertise and experience by fully utilizing available resources especially the Credit Underwriters and Commercial Relationship Manager Trainees (CRMTs) sometimes referred to as Credit Analysts.  DCOs should also be mentors to the Credit Underwriters and CRMTs who may or may not be reporting to them, meeting weekly to review work in process and to be sure they are receiving the training they need and exposure to workflow that will assist in their learning and career development.

 

  • New Loan and Renewal Production:  Facilitate timely and succinct credit analysis and loan structure with deference to policy for new requests and renewals of existing relationships including timely Credit Decisions.

 

Working with the Sales Pipeline Reporting, the Relationship Managers, Credit Underwriters and Commercial Relationship Manager Trainers, gain early entry into the Credit Process so as to best counsel and influence new credit requests in line with the Banks risk tolerances and policy.

 

  • Portfolio Review Meetings (PRMs) (when established): Review credit status and the progress of requests made at previous PRMs.  Focus on borrower performance and risk mitigation. Consider Grade changes as appropriate

 

  • Portfolio Management Meetings (PMMs) (when established): Leading the meetings  to make sure the RMs are following for required information and document and acting on it as needed to keep systems up to date.

 

  • Proper Loan Grading: Credit and Regulatory Grades and PD / LGDs (when established) all need to accurately reflect the current performance of the borrower and therefore risk to the bank.  RCOs have several opportunities to assure this process is functioning, New Approvals, Renewals, Modifications and Extensions, Portfolio Review Managers, Portfolio Management Meetings.

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


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