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Credit Officer - Equipment Finance

Company: First Foundation Bank
Location: Irvine
Posted on: August 6, 2022

Job Description:

Job DescriptionSummary: This position is primarily responsible for providing production support to the Equipment Finance Department ("EFD") by receiving credit submissions and preparing them for approval/declination and preparing appropriate documentation to evidence such decisions. The incumbent will commence Credit Authorization Memos ("CAM"), including spreading tax returns and/or statements and global cash flows. The Credit Officer ("CO") will work closely with VP Credit Manager ("CM") on problem loans and term loan monitoring and learn to use and understand the Vision Commerce application and Orion back-end systems.Duties and Responsibilities:

  • Understands and complies with requirements of all laws and regulations applicable to the position
  • Serve as the point of contact for all Credit Analysts on questions and general guidance on processes, procedures, etc.
  • Assist in the training/cross-training of Credit Department team members as directed and needed
  • Oversee that all credit submissions are logged in and update status as necessary by credit analysts
  • Help conduct initial credit reviews to recommend whether a submission is worth pursuing or should be declined according to Department policies and guidelines, as needed
  • Help the Credit Manager review, monitor, and facilitate all loans through the application, processing, underwriting, and funding
  • Assist with the supervision and write-up of loan approval memos and issuance of approval letters by the underwriting team, monitoring our approval log to make sure it's correct
  • Help the Credit Manager review, monitor, and facilitate the Bank's credit analysis system and cash flow spreads
  • Oversee the communication of declinations in a timely manner and within industry requirements, with notices given as necessary, by our credit analysts
  • Coordinate with VP Credit Manager on collection tracking and legal actions, as needed
  • Ensure timely attention is given to all credit requests, from initial review and comparison to Department's lending policies (size, geography, structure)
  • Initiate and update reports for term loan monitoring and other bank policies
  • Help manage workflow and the use of the Vision Commerce application system
  • Access and review the various weekly and monthly portfolio reports from Orion
  • Perform other duties as assignedSupervisory Responsibilities: This position may have to assist with supervisory responsibilitiesQualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.Education and/or Experience:
    • Bachelor's degree or higher required; or a combination of education and experience
    • Minimum 7 -10 years of related experience
    • Experience with effectively managing workflow and data processing and assisting in developing and implementing appropriate controls and safeguards
    • Must have experience with the credit process applied to equipment finance transactions and interaction with equipment TPOs
    • Familiarity with T-Value and equipment finance-related applicationsSkills:
      • Excellent problem-solving and decision-making skills
      • Able to set and manage priorities, meet deadlines and work comfortably under pressure
      • Organized, detail-oriented, and with multi-tasking skills
      • Strong team player
      • Works well with coworkers, customers, and vendors
      • Possess a high degree of professionalism
      • Ability to work independently with minimum supervision and instruction preferred
      • Ability to perform work at a pace appropriate to a given workloadPhysical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit for long periods of time; use hands to operate controls on the computer; reach with hands and arms for phone and computer work; to communicate on the phone while wearing a headset for extended periods. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus. Occasional local travel required. First Foundation is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with a disability, sexual orientation, gender identity, or any other characteristic protected by law.

Keywords: First Foundation Bank, Irvine , Credit Officer - Equipment Finance, Accounting, Auditing , Irvine, California

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