VP Senior Credit Manager in Winchester, Massachusetts at Winchester Savings Bank

SUMMARY DESCRIPTION

The VP, Senior Credit manager, provides executive leadership over the Bank’s commercial credit risk function, ensuring a sound and well-managed loan portfolio consistent with the Bank’s risk appetite and regulatory requirements. The Senior Credit Manager partners closely with commercial lenders, senior leadership, and the Board to maintain high credit quality standards while supporting responsible loan growth in accordance with Bank’s strategic plan. This role ensures the quality and integrity of the commercial loan portfolio through sound credit decisions, disciplined risk management, and strict adherence to Bank lending policies and regulatory requirements.

ESSENTIAL JOB FUNCTIONS

Portfolio Management & Credit Oversight

• Direct the overall administration and quality of the Bank’s commercial loan portfolio, including commercial real estate, construction, and commercial & industrial loans
• Monitor the commercial loan portfolio on an ongoing basis for signs of deteriorating credit quality, covenant violations, risk rating changes, and past-due trends
• Lead and oversee annual loan reviews and periodic credit file updates in accordance with Bank policy and regulatory expectations
• Supervise, mentor, and develop credit analysts and junior lending staff and promote a culture of credit discipline and sound risk management throughout the lending team
• Identify early warning indicators of credit deterioration and recommend proactive action plans, including loan modifications, additional collateral, or workout referrals
• Provide quarterly board reporting, including Large Borrower Report, Legal Lending Limit, Exception Reports, and other portfolio trend reports as needed
• Coordinate with others on problem credits, workouts, and charge-off recommendations as needed.
• Serve as a primary point of contact for bank examiners and internal external auditors on credit-related matters
• Maintain current knowledge of regulatory developments affecting credit risk management

Credit Analysis

• Review, analyze, and underwrite commercial loan requests ensuring each credit is properly documented
• Collaborate with business development officers to structure transactions and grow the portfolio prudently
• Evaluate borrower financial statements, tax returns, cash flow projections, collateral valuations, and global debt service to determine creditworthiness
• Prepare comprehensive credit approval memoranda (CAMs) with well-supported risk assessments and clear recommendations for approval, modification, or denial.
• Ensure proposed loan structures align with credit risk, borrower needs, Bank policy, and applicable regulatory requirements.
• Collaborate with commercial lenders and/or portfolio managers to resolve underwriting issues, clarify documentation deficiencies, and finalize credit presentations
• Make recommendations to approve or decline credit requests; escalate credits exceeding authority to the Loan Review Committee or higher authority as needed

SPECIFIC SKILLS REQUIRED

• Advanced financial statement analysis, including spreading and interpreting business and personal tax returns and financial statements.
• Strong command of cash flow analysis methodologies and collateral valuation techniques.
• Proficiency in commercial real estate underwriting including NOI analysis, cap rate assessment, rent rolls, and market comparables.
• Working knowledge of C&I lending structures including revolving lines of credit, term loans, equipment financing, and borrowing base arrangements.
• Familiarity with SBA loan programs, documentation requirements, and eligibility standards.
• Experience with credit analysis and loan origination software preferred

EXPERIENCE & EDUCATION REQUIREMENTS

• Minimum 10-15 years of progressive commercial banking experience, with significant credit analysis and portfolio management responsibilities
• Bachelor’s degree in Finance, Accounting, Business Administration, Economics or a closely related field.
• Demonstrated expertise in commercial real estate, construction, and C&I lending
• Deep knowledge of credit risk principles, loan structuring, and financial statement analysis
• Strong written and verbal communication skills

NOTICE

This list of duties is not intended to be all-inclusive and may be expanded to include other duties that may be deemed necessary by management from time to time. The Bank reserves the right to modify, interpret, or apply the job description in any way the company desires and that the job description is not a contract for employment. All employment is “at will”. Also, employee is expected to have knowledge of and adherence to Bank policies and procedures. The employee complies with state and federal regulations and specific BSA/AML related regulations and all information security related regulations.

Work Environment: This job operates in a professional office environment. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

EEOC Statement: WSB provides equal employment opportunity to all individuals regardless of their race, color, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law.