Job Posting for Credit Administration Officer II at Comerica Bank
Credit Administration Officer II
The Credit Administration Officer (CAO) is responsible for the overall monitoring, administration and quality of their assigned portfolios/Line of Businesses (LOBs). Responsibilities include: credit decisioning of Group (sign off) and Department Committee credits; providing guidance/input on credit structuring; adherence to corporate credit policy; accurate/timely risk rating of credits; maintaining satisfactory AQRs, Internal Audit and regulatory Exams and developing/implementing action plans to correct any deficiencies. The CAO also takes an active role in coaching/developing RMs, PMs and credit staff.
Competencies: Business Acumen, Decisiveness, Flexibility, Decision Quality, Prudent Decision Making, Interpersonal Savvy, Standing Alone, Strategic Thinking, Accountability, Teamwork, Timely decision making and Developing Others
Responsibilities
Serves as the Credit Officer for assigned portfolios/LOBs within the Bank
Decision Authority & Approvals
Manages the credit quality of new and existing loans and ensures the Bank's interest is protected by minimizing charge-offs within guidelines established by Comerica Bank's senior management.
Provides input on deal analyses to MCUs, Credit Analysts and Commercial Underwriters.
Manages and ratifies risk ratings on credits >$2.5MM in aggregate. Manages the annual risk rating review process for existing loans.
Ensures timely identification of problem credits to minimize potential losses to the Bank.
Selects credits for special review (on going and quarterly CQR process) and develops and implements procedures ensuring accurate and timely follow-up on all CQR action plans.
Monitors progress towards stated goals by RMs/PMs and works with Group Managers and Senior Management to correct deficiencies.
Calls on large and problem credit customers and advises RMs, PMs, GMs and DMs on credit structuring and documentation issues.
Monitors tracking system for Subject Tos, covenant compliance, policy exceptions, CEG Audits, Annual/Interim reviews, overdrafts/over-formulas and overall portfolio trends.
Review/signoff of M&E and Real Estate Appraisals. Manages the concentration reporting process to maintain portfolio risk within Comerica Bank's established objectives.
Participates in the development and maintenance of credit policy and procedures; ensures implementation of procedures to support such policy. Serves as a resource to loan groups by interpreting and applying policies and procedures to specific credits.
Manages the policy exception reporting process to maintain portfolio risk within the Bank's established objectives.
Develops work plans to address and correct issues and weaknesses identified in AQR, Internal Audit and Regulatory Exams.
Group signature and Department Committee approval authority (GM, Department Manager or Market President co-chair) for all Credits.
Document recommendation (i.e. CAO Comments) in all Department, Senior and Executive Committee RECAPs.
Approves loan covenants for new loans as proposed by RMs/PMs to maintain appropriate control and protection for the Bank. Manages the covenant exception process by approving any modifications to existing loans.
Grants approval of assigned subject tos in RECAP process.
May participate in selecting credit support staff.
Coaching/Developing RMs, PMs and credit staff.
Special projects and other duties as assigned
Position Qualifications
4 year Bachelor degree
10 years combined credit, underwriting and lending experience (prior management/leadership experience preferred)
2 years credit decisioning role (Group Manager or Credit Officer with credit decisioning responsibilities), 5 years preferred.
Comerica Bank Tower 8:00am - 5:00pm Monday - Friday
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
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