Credit Products Officer (Specialized)
Company: BankUnited
Location: Hialeah
Posted on: March 16, 2023
Job Description:
Who We Are
BankUnited (NYSE: BKU) is a national bank headquartered in Miami
Lakes, Florida with banking centers in Florida, the New York
metropolitan area, Dallas and Atlanta. BankUnited has two
subsidiaries, Pinnacle Public Finance headquartered in Scottsdale,
Arizona and Bridge Funding Group headquartered in Hunt Valley,
Maryland. We pride ourselves on our entrepreneurial and
collaborative culture encompassing the best minds, the brightest
talent and the boldest decision makers.
BankUnited is ranked #4 as one of America's Most Trusted Companies
in the Banking industry and is honored to have been included on the
Newsweek and Statista America's Most Trusted Companies Award
List!
Our Culture
At BankUnited, we foster a diverse and inclusive environment where
all employees have the opportunity to advance, grow and achieve
their goals. Our rally cry is to GO FOR MORE---, a call to action
to go above and beyond to provide the best customer experience to
every client and to GO FOR MORE in your career.
Why BankUnited
Working for BankUnited offers you exciting challenges and
opportunities to advance your professional development, while
empowering you to deliver and be your best. We are happy to report
the average tenure according to LinkedIn insights is 8.3 years. We
strive to provide a competitive benefits plan to our employees and
are proud to have been ranked #13 as one of the 2021 Healthiest 100
Wokplaces in America by Springbuk and awarded HEALTHIEST EMPLOYER
by the South Florida Business Journal for three consecutive years
since 2020.
As a company, we believe we are only as successful as our people
and are committed to providing training and innovative resources
that prepare you to reach your full potential. That's why in
addition to tuition reimbursement, we provide our employees with
exciting career coaching, courses and training through our own GO
FOR MORE--- Academy and mentoring opportunities through our
iCARE--- (Inclusive Community of Advocacy, Respect and Equality)
program.
At BankUnited, we strive to provide our employees with a work life
balance. Specifically, retail branches operate 5 days a week Monday
- Friday, excluding evening and/or weekend hours. For many of our
positions, we offer a hybrid work environment, as well as a remote
work environment for designated positions.
If you thrive in a fast-paced collaborative work environment, Apply
Now and start your journey with BankUnited today!
Job Description
SUMMARY:A Credit Products Officer specializes in either Corporate
and Industrial (C I) or Commercial Real Estate (CRE) loan requests
and is responsible for preparing complete and accurate credit
analyses in a timely manner that meets or exceeds internal business
partners' needs, customer expectations, regulatory requirements and
leading industry practices. They are accountable for protecting the
Bank by providing an unbiased and objective view of the prospective
borrower and thoroughly disclosing all identified risks. In
addition, this position is responsible for the monitoring and
ongoing maintenance of a portfolio, while supporting one or more
Relationship Managers in this endeavor.
ESSENTIAL DUTIES AND RESPONSIBILITIESinclude the following. Other
duties and special projects may be assigned.
- Pre-screening Activities (10% of time) ---Determine Risk
Ratings - Confirm the Industry Risk Rating (IRR) and Hold Limits as
well as determine Borrower's Risk Rating (BRR) using the tools /
matrices provided by the bank. ---Prepare Spreads - Prepare spreads
in Moody's Risk Origins (C I) or Excel based sizing templates (CRE)
to aid Relationship Manager and Line Management in determining
whether to move forward with a request.
- Underwriting Activities (40% of time) ---Determine financial
information requirements - Work with the Relationship Manager to
obtain all necessary information to underwrite the credit request.
---Assist in preparation of the Pre-Approval Memorandum - Prepare
the financial portion of the pre-approval memorandum to assist
Relationship Manager in obtaining concurrence to issue a Term Sheet
to a prospective borrower. ---Determine due diligence requirements
- Prepare due diligence request for items needed to fully
underwrite the credit request and forward to Loan Closing Officer
for ordering of due diligence items (lien, credit, UCC, OFAC,
etc.). ---Perform borrower financial analysis - Review and analyze
borrower financial information including: corporate financial
statements, tax returns, and accounts payable and accounts
receivable aging to determine borrower financial condition and
develop cash flow analysis. ---Perform guarantor financial analysis
- Review and analyze personal financial information for guarantors
including personal financial statements, tax returns, real estate
owned schedules, and liquidity statements to determine financial
strength of guarantor. ---Review and analyze all 3rd party reports
- Obtain all 3rd party reports and include findings in analysis of
financial condition of borrower or guarantor. ---Identify and
mitigate risks - Work with Relationship Manager to identify and
mitigate all risks and disclose in the credit approval memorandum.
---Collaborate in credit structuring - Work with the Relationship
Manager to structure credit requests that serve the best interest
of the customer and bank. ---Determine borrower, guarantor and
facility risk rating - Complete all required risk rating models and
analyses. ---Complete Credit Approval Memorandum and electronic
approval memorandum - Draft approval narrative in MS Word and enter
the deal into the approval system (e-CAM). ---Assemble approval
package - Ensure that the approval package is complete and all
supporting schedules / documents are included. Preview with the RM
and Line Management for any corrections or changes. ---Deliver the
Approval Package to Credit Products Manager (CPM), Senior Credit
Products Manager (SCPM) or Managing Director of Credit Products
(MDCP) depending on Corporate Approval Model - Obtain affirmation
of the credit package and support of the credit request.
- Approval Activities (10% of time) ---Deliver approval package
to Credit - Depending upon the approval authority required by the
Corporate Approval Model, assist the CPM, SCPM or MDCP in the
delivery of the approval package to the appropriate Credit Officer.
---Document approvals - Once the credit package is approved, ensure
all approvals, in whatever approved format, are obtained and
properly documented.
- Post-approval Activities (5% of time) ---Finalize credit
approval package - Ensure package is complete and forward to
assigned Loan Closing Officer in Loan Administration.
---Documentation Review - Ensure the loan documents accurately
reflect the credit approval. ---Credit file organization - Ensure
credit information is stored according to the Bank's file storage
guidelines. ---Draft Post-Approval Modification Memo - Prepare
Modification Memo to document material changes to the approved
credit package, as needed.
- Portfolio Management Activities (30% of time) ---Manage
financial ticker items: Collect and review financial statements and
covenant compliance and borrowing base worksheets from corporate
customers. ---Perform property inspections: Perform property
inspections where applicable and prepare reports. ---Process draw
requests and extensions: Prepare and process extension requests and
draw requests under approved GLOC's conducting MAC check/incurrence
test if applicable. ---Conduct ongoing credit assessments/reviews:
Complete annual, semi-annual or quarterly reviews as required on
corporate lending relationships. Prepare monthly Watch list
comments and quarterly Criticized Loan Asset Reports where
applicable. ---Risk Rating Management: Through ongoing portfolio
management, seek out early warning signs of deteriorating credit
trends and make ongoing assessments relative to credit risk ratings
(both positive and negative). ---Research: Conduct ongoing research
on industries/concepts and identify trends. ---Identify cross-sale
opportunities: Identify potential cross-sale situations including
CRA eligible credits. ---Underwrite ACH exposure: Underwrite ACH
exposure for borrowing and non-borrowing clients. ---Credit File
Management: Perform annual review of credit files for accuracy and
completeness and maintain electronic back-up of client's key
financial records and documentation. ---Portfolio Review: Perform
ongoing (quarterly) portfolio reviews on credits of particular
interest to Team Leader and Credit Administration. ---Customer
Service: Act as Secondary Officer to service corporate customers
relative to credit servicing including participating in credit
related calls with existing and prospective borrowers.
- Underwriting/Portfolio Management Practice Development (5% of
time) ---Identify opportunities - Seek out opportunities for
continuous improvement in corporate underwriting/portfolio
management practices and tools. ---Collaborate - Work with
cross-functional teams as needed to develop, test, and deploy
underwriting/portfolio management leading practices / tools to
remain competitive in the marketplace.SUPERVISORY
RESPONSIBILITIES
EDUCATION and/or EXPERIENCE
- Bachelor's Degree 4 year college degree in business related
field, or other acceptable alternative field required
- 7-9 Years of credit experience preferred
#GoForMore
Keywords: BankUnited, Hialeah , Credit Products Officer (Specialized), Other , Hialeah, Florida
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