Credit Officer Resume Samples

Description :

1. Implementing the credit policy of the hotel in coordination with the controller and sales team.
2. Verifying credit application forms creditworthiness of all customers and submit for further approvals.
3. Establishing credit limits and credit days for customers and ensure with proper follow up that the payments and balance are not exceeding the limit.
4. Preparing and send the statement of accounts to all customers at the beginning of each month.
5. Coordinating closely with the banqueting/groups team for any group/one-shot business for deposit payments, allocations and follow-ups as per the contract.
6. Reviewing the aging on a daily basis and follow up due payments with customers. Maintain a healthy relationship with all regular customers by follow up visits.
7. Following up with the front office team, reservations team for any outstanding high balances in the guest ledger.
8. Ensuring any doubtful debts are brought to the attention of the controller on a timely basis. Ensure any doubtful debts are brought to the attention of the controller on a timely basis.
9. Accounts receivable starting 1 September 2013 till the end of February 2015.
10. Transfering daily city ledger data from opera system to the back-office accounts receivable module.
11. Preparing invoices and obtain director of finance / financial controller signature.
12. Sending the original invoices with supporting documents to the customer, file a copy of the full set in the customer file and another copy in the sequential file.

Experience

7-10 Years

Level

Executive

Education

BA

Description :

1. Leading all aspects of assigned credit relationships from u/w to adjudication.
2. Performing adjudication on credit requests with single signature approval authority of up to $500m and credit.
3. Reviewing credit analysis prepared by underwriters for accuracy and compliance with TD banks credit policy.
4. Effectively manage and motivate u/w teams with diverse skills and backgrounds, provide constructive feedback, coaching to team members and foster an innovative and inclusive team-oriented work environment by playing an active role in counseling and mentoring junior underwriters.
5. Utilize TD banks internal risk rating system to evaluate the risk of loss on existing proposed credit.
6. Ensure the risk parameters for new underwritings and portfolios as a whole are clearly specified and transactions including loan originations are managed in a manner that is consistent with banks risk appetite.
7. Monitor progress, manage risk and ensure management is kept informed about negative trends on an existing.
8. Analyze and evaluate all significant credit requests for corporate and commercial credit exposures, to ensure that credit risks are adequately assessed, properly approved, monitored and actively managed.
9. Work closely with senior management to identify areas of process improvement, suggest alternative solutions and help implement the proposed changes.
10. Meet turnaround requirements of a high volume loan production department.

Experience

2-5 Years

Level

Junior

Education

MBA

Description :

1. Conducting property, asset evaluations to determine the feasibility of granting loans.
2. Obtain and compile copies of loan applicants credit histories and other financial information.
3. Meeting with applicants to obtain information for loan applications and to answer questions about the process.
4. Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
5. Reviewing loan agreements to ensure that they are complete and accurate according to policy.
6. Approve loans within specified limits, and refer loan applications outside those limits to management for approval.
7. Handling customer complaints and take appropriate action to resolve them.
8. Stay abreast of new types of loans and other financial services and products to better meet customers needs.
9. Counsel clients on personal and family financial problems, such as excessive spending or borrowing of funds.
10. Contact borrowers with delinquent accounts to obtain payment in full or to negotiate repayment plans.

Experience

10+ Years

Level

Senior

Education

MS

Description :

1. Making quality loan decisions based on demographics and credit bureau information.
2. Reviewing applications and client account information over the phone with personal bankers and branch managers for loan request.
3. Help achieve monthly sales goals for small business products and services.
4. Utilize sales skills to cross-sell and counter offer loan products based on customer needs.
5. Perform due diligence on approved, declined and SBA loans, as needed, in accordance with bank policy and SBA guidelines.
6. Ensure all customers maintain deposit relationship with minimum deposit requirements.
7. Maintained a superior loan quality with a lending authority of $100k.
8. Maintain compliance with Citibank credit policies/practices and regulatory policies, to ensure the business unit is in adherence to the above and receives satisfactory ratings from internal and external auditors.
9. Support business unit goals by continuous identification of process improvements and efficiencies that reduce costs and improve customer service levels. Work with management team on prioritization and implementation of approved actions.

Experience

7-10 Years

Level

Executive

Education

BBA

Description :

1. Diligent and detail-oriented- thorough in gathering borrower information, verifying loan documents and reviewing file documentation to guide each loan from pre-approval to closing.
2. Provide support to credit managers and underwriter teams by ensuring the timely, judicious and accurate processing of mortgages.
3. Review and verify borrower’s income, credit reports, employment histories, business verification in case of self-employed, property appraisals and title insurance information to prepare loan applications for underwriting submittal.
4. After reviewing loan applications, checking the eligibility of clients and CIBIL score, doing personal discussion (PD) with clients via a telephonic or personal meeting in self-employed cases, making spreadsheets.
5. Analyzed credit information to determine whether or not to provide a loan to specific customers.
6. Once the loan is sanctioned, disbursement of the loans is done by preparing disbursement memo (dm) in a system, checking of property papers and creating the record for the same in a system, calculating loan amount according to property value and market value as well as insurance calculation.
7. Maintaining daily, weekly and monthly database MIS of the loan applications submitted, number and value of sanctioned and disbursed cases and sending it to head office.
8. Solving of hand sighting errors and escalations, internal and external audit queries, checking and submitting PDD (post disbursal documents) of mortgage property and handle over the same to the operations team.
9. Processing of loan applications where there is unstructured income or cash income under IIFL swaraj home loans a scheme which gives freedom from strict income documentation.

Experience

2-5 Years

Level

Junior

Education

B.Com

Description :

1. Approve, decline, or conditionally approve consumer loan application packages and provide.
2. Performing an analysis of the credit transaction by reviewing credit scores, credit quality, debt rats.
3. Collateral, structure, adjusted net worth, business, and personal tax returns.
4. Underwrite up to 18 different consumer loan products of up to $10 million.
5. Perform additional review of applicants to prevent and identify fraudulent loan activity, including.
6. Investigating fraud shield summary alerts, OFAC queries, LexisNexis's searches.
7. Executing the qc process assuring policies and underwriting are upheld with integrity.
8. Analyze personal and commercial clients tax returns, the company prepared, and audited statements with outstanding loans totaling $3 billion.
9. Work closely with business partners to obtain supporting information and data to develop a consistent.

Experience

0-2 Years

Level

Entry Level

Education

MS

Description :

1. Supporting the chief credit officer in the administration of banks' credit and a loan portfolio of approximately $1. 5 billion in accordance with bank policies, strategic plans, and regulatory guidelines.
2. Supervising and review portfolio management staff in the credit administration department.
3. Strive to minimize portfolio losses, ensure grading and credit quality standards; host monthly quarterly sac (special attention credit) meeting, review of all sac reports making sure all credits are monitored closely and risk-rated properly.
4. Providing senior management and board of directors with accurate report assessments of the entire loan portfolio; prepare monthly and quarterly calculation and narrative analysis report for the allowance for loan and lease losses (ALLL), perform monthly CRE concentration analysis and projection, and various portfolio monitoring reports.
5. Assisting in quarterly external new loan reviews, external semi-annually loan audits and ALLL certification, and annual FDIC and DBO safety soundness examinations.
6. Conducting both commercial and residential appraisal reviews in conjunction with the credit administrator and external reviewers.
7. Performing an integral role in the recent acquisition of a $500 million institution ranging from ALLL and loan portfolio review integration to employee retention review.

Experience

7-10 Years

Level

Executive

Education

BS

Description :

1. Analyzing and interpreting financial statements, collateral records, and tax returns working largely independently and with occasional guidance from VP, credit officer.
2. Responsible for underwriting commercial relationships up to $5mm (including SBA credits) and completing annual reviews on existing credits, while prioritizing workflow.
3. Reviewing commercial and residential appraisals for completeness, correctness, and sound reasoning.
4. Serving as a backup in ordering commercial and residential appraisals, including sourcing bids.
5. Complete internal evaluations on properties for the bank under a specified threshold/complexity.
6. Work hand in hand with commercial lenders, senior management, residential lenders, and business development officers to complete loan requests.
7. Participate in weekly loan committee and when an appropriate board of director meetings.

Experience

5-7 Years

Level

Executive

Education

BA

Description :

1. Handling a variety of transactions, including assisting the collection department on delinquent customers.
2. Held due diligence meetings/conference calls with vendor client service officers or other financial management as required.
3. Monitoring credit quality of large exposure accounts in excess of $150,000.
4. Achieved automation rate of 79% for orders to automatically be approved for customer orders by the credit system.
5. Reducing credit order decline rate to 14. 2 % which exceeded the department goal of 15. 1%.
6. Decision making within credit limit authority and making recommendations on credit requests above $350,000 with management.
7. Providing credit analysis/underwriting for retail commercial accounts and ensure it is conducted efficiently and timely within existing policies for credit factoring.

Experience

10+ Years

Level

Senior

Education

BIS

Description :

1. Evaluates loan applications and documentation by confirming credit worthiness.
2. Explain to customers the different types of loans and credit options that are available, as well as the terms of those services.
3. Improves loan applications and documentation by informing an applicant of additional requirements.
4. Completes loan contracts by explaining provisions to applicant; obtaining signatures and notarizations; collecting fees.
5. Maintain customer confidence by keeping loan information confidential.
6. Meeting with applicants to obtain information for loan applications and to answer questions about the process.
7. Market bank products to individuals and firms, promoting bank services that may meet customers needs.

Experience

2-5 Years

Level

Junior

Education

BA