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Credit Approval Officer

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U.S. Bank

18d ago

  • Job
    Full-time
    Expert Level
  • Consulting
    Banking & Finance
  • Atlanta

AI generated summary

  • You need a bachelor’s degree, 12+ years in underwriting/approving C&I and Commercial Real Estate credits, strong leadership, analytical skills, and knowledge of compliance and regulatory trends.
  • You will approve complex loans, collaborate with underwriting and sales, maintain loan portfolio quality, and foster effective partnerships across business lines.

Requirements

  • Basic Qualifications
  • Bachelor's or advanced degree, or equivalent work experience
  • Typically more than 12 years of applicable experience
  • Preferred Skills/Experience
  • Significant experience in underwriting, approving, and oversight of Commercial (C&I) and Commercial Real Estate (D&I) credit requests and portfolios.
  • Experience underwriting, approving, and oversight of SBA and Healthcare credit requests and portfolios.
  • Expert knowledge of Risk/Compliance/Audit competencies.
  • Ability to manage job scope and complexity of assigned business at the departmental and/or division level.
  • Strong leadership and management skills of processes, projects, and people.
  • Ability to collaborate effectively with business units to innovate and strategically grow portfolios while appropriately managing risk.
  • Excellent written and verbal communication skills.
  • Strong analytical, problem-solving and negotiation skills.
  • Well-developed customer service/relations skills.
  • Ability to guide and influence underwriting and sales teams to align with the bank’s risk culture and appetite.
  • Ability to handle stressful situations while maintaining trusting relationships with the business line and other stakeholders.
  • Strong understanding of the business line’s operations, products/services, systems, and associated risks/controls.
  • Considerable knowledge of applicable credit policies, laws/regulations, financial services, and regulatory trends that impact business banking/lending.

Responsibilities

  • - Approve loans in excess of Business Banking Credit Services authority with a focus on larger and more complex Business Banking portfolios and ensures conformity with bank policies.
  • - Work with underwriting and sales teams on transaction and covenant structures.
  • - Ensure that ongoing administration and review is adequate to maintain the loan portfolios' quality and profitability.
  • - Be accountable for an effective partnership between the Line of Business and the Lines of Defense.

FAQs

What is the job title for this position?

The job title is Credit Approval Officer.

What are the primary responsibilities of a Credit Approval Officer at U.S. Bank?

The primary responsibilities include approving loans for larger and more complex Business Banking portfolios, ensuring conformity with bank policies, working with underwriting and sales teams, and maintaining loan portfolio quality and profitability.

What qualifications are required for this position?

A Bachelor's or advanced degree, or equivalent work experience, along with typically more than 12 years of applicable experience is required.

What skills are preferred for applicants?

Preferred skills include significant experience in underwriting for Commercial (C&I) and Commercial Real Estate (D&I), expert knowledge of Risk/Compliance/Audit, strong leadership, analytical and problem-solving abilities, and excellent communication and customer service skills.

Is prior experience in specific industries required?

Yes, experience in underwriting, approving, and oversight of Commercial (C&I) and Commercial Real Estate (D&I) credit requests is preferred, as well as experience in SBA and Healthcare credit requests.

What work schedule is offered for this position?

The role offers a hybrid/flexible schedule, with an in-office expectation of 3 or more days per week and the flexibility to work outside of the office for the other days.

What types of benefits does U.S. Bank offer?

Benefits include healthcare (medical, dental, vision), life insurance, disability coverage, paid vacation, 401(k) and employer-funded retirement plans, paid holidays, adoption assistance, and sick leave accrual.

Is U.S. Bank an equal opportunity employer?

Yes, U.S. Bank is committed to creating a diverse workforce and considers all qualified applicants without regard to various factors including race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status.

What is the salary range for this position?

The salary range for this position is $145,180.00 - $170,800.00 - $187,880.00, based on the primary location and may differ depending on the actual location of the role.

Does U.S. Bank participate in the E-Verify program?

Yes, U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all U.S. facilities and certain U.S. territories.

U.S. Bank

Finance
Industry
10,001+
Employees
1863
Founded Year

Mission & Purpose

U.S. Bancorp, with nearly 70,000 employees and $554 billion in assets as of December 31, 2020, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The Minneapolis-based bank blends its relationship teams, branches and ATM network with digital tools that allow customers to bank when, where and how they prefer. U.S. Bank is committed to serving its millions of retail, business, wealth management, payment, commercial, corporate, and investment customers across the country and around the world as a trusted and responsible financial partner. This commitment continues to earn a spot on the Ethisphere Institute’s World’s Most Ethical Companies list and puts U.S. Bank in the top 5% of global companies assessed on the CDP A List for climate change action.

Benefits

  • You choose how to save and invest through before-tax and/or Roth after-tax contributions and a variety of investment options. You’re immediately vested and receive a 100% company match up to 4% of eligible pay after a year of service.

  • Premier support – Experience an elevated level of personalized and unified support when you have questions or concerns or when you need expert support related to your UnitedHealthcare/Optum medical, prescription, mental and behavioral health, and Health Savings Account benefits. Y

  • An HSA provides a tax-advantaged means for you to save and pay for qualified healthcare expenses, including doctor and dentist visits, prescriptions, glasses, contact lenses and more. Enroll in a U.S. Bank HSA Advantage medical plan to contribute and to receive up to $750 (if you cover yourself) or up to $1,500 (if you cover one or more family members) annually from U.S. Bank.