• Credit Officer I (Hybrid)

    SMBC (Los Angeles, CA)


    ABOUT THE ORGANIZATION

    SMBC MANUBANK was formed by a group of banking entrepreneurs in June 1962. Our scope is to serve the specialized needs of California middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals.

     

    The anticipated salary range for this role is between $65,000.00 and $80,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

     

    Our mission is to be "the bank of choice" for middle market and professional service companies by establishing long term customer relationships and loyalty, providing superior products and services through a core of highly skilled and seasoned bankers.

     

    To achieve our mission to be the 'bank of choice' for middle market and professional services companies, we are focused on our vision to be the premier California regional business bank that can provide the sophistication and expertise of a larger institution with the personal 'high touch' services of a smaller bank.

    Specialties:

    Commercial Loans and Lines of Credit, Asset-Based Financing, SBA Loans, and Specialized Financing, Real Estate Loans, Cash Management Services, International Services

    JOB SUMMARY:

    The role involves evaluating financial risk by spreading financial statements and obtaining credit reports. It includes reviewing balance sheets and profit & loss statements, assessing liquidity, management quality, market position, and overall business climate to estimate future profitability. The position also requires maintaining credit files to meet compliance standards, preparing for internal and agency audits, and assisting the Credit Officer and Portfolio Manager with new and renewal loan information as needed.

    PRINCIPAL DUTIES & RESPONSIBILITIES:

    + Obtain and update financial information from RM & PM as needed to support credit analysis and reviews.

    + Maintain organized and compliant credit files in accordance with internal standards and regulatory requirements.

    + Assist Senior Credit Officers and Portfolio Managers (PMs) in evaluating new prospects and renewing existing credit portfolios.

    + Spread and analyze financial statements using standard credit software such as Baker Hill or Moody’s CreditLens.

    + Conduct detailed reviews of balance sheets, income statements, and cash flow to assess borrower creditworthiness.

    + Monitor financial and reporting covenants to ensure ongoing compliance and flag potential issues for credit administration review.

    + Support the loan boarding process and manage loan advances and paydowns.

    + Input and monitor compliance with Credit Agreement covenants, ensuring timely updates and reporting.

    + Provide guidance and mentorship to junior credit analysts in conducting financial analysis and preparing credit write-ups.

    + Review and offer feedback on junior analysts’ work to ensure accuracy, consistency, and adherence to credit standards.

    POSITION SPECIFICATIONS:

    **Education:** Bachelor’s degree in finance, Accounting, Economics or a related field

    Skills/ Qualifications:

    + Experience: Minimum of 3–5 years in credit analysis or a combination of relevant education and experience.

    + Financial Acumen: Strong ability to interpret financial statements, assess cash flow, and evaluate creditworthiness.

    + Technical Proficiency: Skilled in using credit analysis software such asBaker Hill,CreditLens, or similar platforms.

    + Attention to Detail: High level of accuracy in reviewing financial data, covenant compliance, and documentation.

    + Communication Skills: Clear and professional written and verbal communication, including the ability to present credit recommendations and mentor junior staff.

    + Time Management: Proven ability to manage multiple tasks and meet deadlines in a fast-paced environment.

    + Software Skills: Proficient in Microsoft Excel and Word; experience withCreditLens (Moody’s Analytics)is a plus.

    + Team Leadership: Experience or demonstrated ability to mentor junior credit analysts and support team development.

    EOE STATEMENT

    SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at [email protected].

    CCPA DISCLOSURE

    Personal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the business or commercial purpose(s) for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.smbcmanubank.com/privacy/ccpa-disclosure . Persons with disabilities may contact our Customer Contact Center toll-free at (877) 560-9812 to request the information in this Notice in an alternative format.