Credit Officer II CRE Hospitality Job Listing at City National Bank in Los Angeles, CA (Job ID 10942-1)

Description

CREDIT OFFICER II CRE HOSPITALITY WHAT IS THE OPPORTUNITY? Participates in the loan management process by providing credit and loan underwriting expertise to a team of Relationship Managers ("RM's") focused on the hospitality sector. Analyzes prospective hospitality loan transactions and credit worthiness of borrowers, sponsors, and guarantors. Pro-actively works to ensure the credit quality standards of the Bank are maintained. Prepares credit write-ups and ensures all due diligence and background evaluation is complete and thorough before credit requests and/or other approval documents are granted. WHAT WILL YOU DO?

• Reviews financial information; may fully document write-ups or other approval documents consistent with Bank format, policies and procedures; determines sources and uses of funds; analyzes industry data, competitive factors, historical performance, projected results, risks, and mitigating factors. Ensures write-ups or other approval documents contain 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. May review loan packages and provide recommendations and/or feedback to Commercial Real Estate Banking Management.
• Works with RM or contacts borrowers directly, for additional information and details related to loan request or clarification of financial materials and resources.
• Authors credit approval memorandum, and as necessary, works with the RM in evaluating credit alternatives and creative ways to structure credits to ensure that transactions are within profitability and portfolio risk standards.
• Performs financial reviews of client's financial condition per Credit Policy guidelines including monitoring covenants and conditions pursuant to the loan documents. Takes a proactive approach toward resolution. Escalates potential credit issues to RM, Manager and/ or Credit Manager.
• Works directly with the RM manage deal flow.
• May attend client meetings at RM's request.
• Completes all required training. Complies fully with all Bank Operational and Credit policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc).
• Assists with on-going and ad-hoc portfolio management requirements of the hospitality portfolio, including annual borrower and guarantor reviews and risk rating monitoring

WHAT DO YOU NEED TO SUCCEED? Required Qualifications*

• Bachelor's Degree or equivalent
• Minimum 5 years of commercial real estate credit underwriting experience in hospitality required
• Minimum 5 years of experience in a banking or financial services environment required

Additional Qualifications

• Requires experience with underwriting and managing commercial real estate credits to hospitality owners, investors, and operators.
• Requires strong technical expertise and full knowledge of relevant credit principles, financial concepts and regular use of ingenuity and creativity in solving complex credit problems.
• Solutions are thorough, and require analysis, interpretation, and evaluation of financial statements, cash flow analysis, familiarity with various industries, collateral issues and values, loan structuring and guarantor personal financial statements and tax returns.
• Communicates skillfully and effectively in both verbal/written forms.
• Excellent organizational skills.
• Ability to assume responsibility and accountability for decision making.
• Ability to work well independently to restructure loans and/or lines of credit as required.
• Ability to interact effectively with all levels of Bank personnel and outside contacts

WHAT'S IN IT FOR YOU? Compensation Starting base salary: $44.28 - $75.42 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
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 including:

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

Get a more detailed look at our Benefits and Perks.
ABOUT US Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.

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