Credit Officer II- Entertainment Job Listing at City National Bank in Beverly Hills, CA (Job ID 11030)

Description

CREDIT OFFICER II- ENTERTAINMENT WHAT IS THE OPPORTUNITY? Participates in the loan management process by providing credit and loan underwriting expertise to a team of Entertainment Relationship Managers. Analyzes prospective loan transactions and credit worthiness of borrowers. Provides opinions and recommendations regarding proposed credit and potential risks. Ensures all due diligence and background evaluation is complete and thorough before credit approval is granted. WHAT WILL YOU DO?

• Reviews loan application and financial information; evaluates and recommends credit structure and terms in concert and under the guidance of the Team Leader; fully underwrites CRR 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 CRR contains 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.
• Attends client meetings at RM's or Team Leader's request to facilitate delivery of credit product and/or assist in problem resolution. Contacts borrowers directly, for additional information and details related to loan request or clarification of financial materials and resources.
• Provides balanced and appropriate credit guidance to RM and Team Leader and collaborates in determining appropriate credit strategy.
• Provides credit alternatives and creative ways to structure credits ensuring that transactions are within profitability and portfolio risk standards. Authors credit approval memorandum.
• Provides input to the RM and Team Leader regarding loan pricing. Renews and possibly recommends restructure of loans and/or lines of credit as required. Assumes accountability for minimizing Bank losses.
• Performs quarterly financial reviews of client's financial condition including monitoring covenants and conditions. Takes a proactive approach toward resolution. Escalates potential credit issues to RM, Team Leader and/or Entertainment Credit Manager.
• Has a primary role in early problem loan identification and the timely and accurate changes in loan grades. Monitors and takes initiative to follow the upcoming loan maturity report to ensure timely renewals; and responds to past dues based on information provided by the RM or Team Leader.
• Maintains up-to-date knowledge on all Bank lending policies and regulations. Confers with the RM, Team Leader and appropriate Bank personnel regarding new/existing lending requirements and regulations.
• May coordinate loan documentation including work with legal, CLC, other internal bank areas, or outside legal counsel to obtain the correct, accurate documents to ensure all loans are documented to fully protect the Bank's interests in the credit relationship. Reviews collateral periodically to minimize credit exposure.

WHAT DO YOU NEED TO SUCCEED? Required Qualifications*

• Bachelor's Degree or equivalent
• Minimum 5 years of experience in underwriting medium sized and moderately-complex commercial credit and consumer loans required. Req
• Minimum 5 years of experience in a banking or financial services environment required.

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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