SVP, Sr. Credit Administrator
Company: Cathay Bank - Headquarters
Location: El Monte
Posted on: March 12, 2025
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Job Description:
SVP, Sr. Credit Administrator
El Monte, CA, USA
Req #2285
Thursday, December 12, 2024
People Drive Our Success
Are you enthusiastic, highly motivated, and have a strong work
ethic? If yes, come join our team! At Cathay Bank - we strive to
provide a caring culture that supports your aspirations and
success. We believe people are our most valuable asset and we
proudly foster growth and development empowering you to achieve
your professional goals. We have thrived for 60 years and
persevered through many economic cycles due to our team members'
drive and optimism. Together we can make a difference in the
financial future of our communities.
Apply today!
What our team members are saying:
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Learn more about us at cathaybank.com
GENERAL SUMMARY
As a Senior Credit Administrator, provide guidance and leadership
to other Credit Administrators. Provide credit review and
evaluation for assigned commercial borrowers in support of Bank's
credit activities. Ensure credit compliance with Bank regulatory
credit specifications.
DIRECT REPORTS
The incumbent has no direct reports.
ESSENTIAL FUNCTIONS
Work closely with Lending Teams including Team Managers and
Portfolio Managers to review and evaluate proposed new and renewal
extensions of credit for commercial borrowers paying particular
attention to the quality and analysis of the credit presented.
Approve proposed extensions of credit within authorized loan
limits.
Develop, through a collaborative effort with account officers,
alternative strategies to address unusually complex or difficult
lending situations.
Prepare transaction summaries for extensions of credit requiring
approval by the Bank's Board of Directors (Credit Committee).
Follow past due loans for ultimate repayment and assist in managing
problem loan situations.
Update monthly watch list report for assigned portfolio and ensure
accurate risk ratings.
Work as a resource and mentor to other Credit Administrators. As a
mentor, the essential trait/quality expected is the willingness to
share experience, impart wisdom and knowledge to others related to
a variety of lending/credit/work-related situations.
Provide guidance and leadership to new Credit Administrators to
ensure they quickly become acclimated to the Bank's culture and the
specific job function.
Provide guidance on credit issues including proper structuring,
early detection of problem loans to Business Lending Units (i.e.
Business Development Officers, Relationship Managers, Portfolio
Managers, etc.) and Credit Analysis Department; and provide
direction/coaching to enhance the lending staffs' knowledge of
assessing credit risk, with the ultimate goal of protecting the
interests of the Bank.
Provide ongoing support when required to assist with the
documentation of complex loan transactions and/or perform quality
control reviews of loan files and/or loan documents.
Provide training and mentorship to junior staff within various
Lending Teams.
QUALIFICATIONS
Education:
College graduate with major in related fields.
Experience:
7 to 15 years of CRE and commercial lending experience with at
least 5-7 years in a credit approval function with a commercial
bank preferred.
Skills/Ability:
In-depth knowledge of CRE and commercial lending, with a focus on
commercial construction and mortgage finance, asset-based lending,
cash flow lending, and trade finance and international banking.
Experience in subspecialities lending such as oil and gas, or
subscription preferred but not required.
Broad knowledge of regulatory requirements and standards applicable
to commercial lending, commercial real estate and residential
mortgage products.
Superior credit analysis skills.
Ability to develop strategies to manage problem real estate and
commercial loans.
Strong interpersonal communication and presentation skills.
Demonstrated ability to work in a team-oriented environment and on
a collaborative basis.
Demonstrated ability to manage high-volume workflow.
Desire to work in a dynamic and challenging environment
characterized by sometimes changing priorities and short-term
deadlines.
OTHER DETAILS
$200,000 - $250,000 / year
Pay determined based on job-related knowledge, skills, experience,
and location.
Cathay Bank offers its full-time employees a competitive benefits
package which is a significant part of their total compensation. It
is our goal to provide employees with a comprehensive benefits
package to fit their needs which includes, coverage for medical
insurance, dental insurance, vision insurance, life insurance,
long-term disability insurance, and flexible spending accounts
(FSAs), health saving account (HSA) with company contributions,
voluntary coverages, and 401(k).
Cathay Bank may collect personal information from potential job
candidates and applicants. For more information on how we handle
personal information and your applicable rights, please review our
Privacy Policy.
Cathay Bank is an Equal Opportunity and Affirmative Action
Employer. We believe in diversity, equity, and inclusion in the
workplace. We welcome applications for employment from all
qualified candidates, regardless of race, color, ethnicity,
ancestry, citizenship, gender, national origin, religion, age, sex
(including pregnancy and related medical conditions, childbirth and
breastfeeding), reproductive health decision-making, sexual
orientation, gender identity and expression, genetic information or
characteristics, disability or medical condition, military status
or status as a protected veteran, or any other status protected by
applicable law.
Click here to view the EEO is the Law poster in English.
Click here to view the EEO is the Law supplement in English.
Clic aqui para ver la EEO es la Ley poster en espanol.
Clic aqui para ver la EEO es la Ley suplemento en espanol.
EEO
EEO"
Cathay Bank endeavors to make www.CathayBank.com accessible to any
and all users. If you would like to contact us regarding the
accessibility of our website or need assistance completing the
application process, please contact, Mickey Hsu, FVP, Employee
Relations Manager, at (626) 582-7370 or mickey.hsu@cathaybank.com.
This contact information is for accommodation requests only and
cannot be used to inquire about the status of applications.
Apply Now
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