HimalayasHimalayas logo
Bancorp Bank, TheBT

AVP Commercial Credit Officer II

The Bancorp, Inc. is a prominent financial services provider that specializes in serving nonbank companies by offering innovative banking solutions and customized payment services.

Bancorp Bank, The

Employee count: 501-1000

United States only

Stay safe on Himalayas

Never send money to companies. Jobs on Himalayas will never require payment from applicants.

Overview

Work Arrangement:

***This is a remote position and can be located anywhere in the U.S.A.***

Performs complex credit analysis and financial reviews of new and existing loan requests.

At The Bancorp, we’ve spent more than 25 years driving innovation in the financial services industry. As one of the first banks to embrace fintech, we combine technology, expertise and a forward-looking approach to deliver creative, real-world solutions. We work side by side with our partners to help them grow and innovate with confidence. Across Fintech Solutions, Institutional Banking, Commercial Lending and Real Estate Bridge Lending, we provide the people, processes, technology and banking capabilities that turn bold ideas into outcomes.

Join a team that brings urgency and rigor to every challenge and plays a direct role in driving growth for our clients and the communities we serve.

Key Responsibilities

  • Analyzes financial statements on complex credit requests to make an initial assessment of the level andquality of credit risk and viability of repayment.
  • Works with salesperson to structure each loan request to best protect the bank and to meet borrower’sdesired outcome.
  • Conducts borrower interview with applicant and/or designated third parties such as borrower’s CPA,controller, etc.
  • Contacts salesperson for additional information pertinent to the underwriting activities. Works withcustomers and SBL/leasing sales team to collect required credit information for underwriting loan and leaserequests.
  • Verifies existing borrower’s total and current exposure in the loan and leasing systems and databases, e.g.,Loan Manager, and Spark, as well as hard file information and ensures that it is within departmental risk levels.
  • Generates credit memorandum to include a detailed financial analysis, customer’s background, summary ofcurrent and prior year fiscal results, and cash flow analysis on more complex credits.
  • Determines and presents recommended action (approval or decline) to senior management.Recommendation to include all relevant financial analysis, supporting collateral and market information inaccordance with the organization’s credit standards and policies.
  • Maintains accurate and complete loan files. Validates that all required authorizations, compliance, andapprovals are obtained prior to closing underwriting documentation and files. Creates and maintainsapprovals and files.
  • Develops close working partnerships with the sales team, leasing and SBL operations, and other internalcompany staff to ensure open communication channels are available to handle issues associated with thecredit analysis and review of clients. Quickly responds to calls and requests for information from the team.
  • Recommends process, procedural, and/or operational changes to improve the efficiency of the credit reviewprocess.
  • Serves as the primary backup for the manager approving daily rental funding requests. In addition, monitors,tracks, and updates title information related to daily rental customers and leasing customers.
  • Trains and mentors less experienced credit officers and analysts.
  • Utilizes and develops knowledge of government guaranty loan programs (SBA, 7a, 504, SLA, Express, USDAB&I), including changes to the programs implemented by the governing agency.
  • Utilizes and develops knowledge of fleet leasing parameters such as lease types, guidance line requirementsand asset valuation methods.
  • Performs other duties as assigned.
  • Qualification Requirements

    Education/Experience Requirements

    • Undergraduate degree in a related field or an equivalent combination of training and experience.
    • 5 years of commercial credit analysis or fleet/equipment leasing experience.
    • Strong working knowledge and understanding of traditional financial analysis.
    • Strong organizational, time management and prioritization skills to meet loan committee deadlines.
    • Excellent verbal, written, and interpersonal communication skills with strong presentation skills.
    • Team player, able to work effectively in a team fostered, multi-tasking environment.
    • Proficient in Microsoft Office suite, e.g. Excel, PowerPoint, Word, Outlook.

    Additional Information

    This job will be open and accepting applications for a minimum of five days from the date it was posted.

    Salary Range: $65,957 - $113,340

    This information reflects the base salary pay range for this job based on current national market data. Ranges may vary based on the job's location. We offer competitive pay that varies based on individual experience, qualifications and other relevant factors. We encourage you to apply to positions that you are interested in and for which you believe you are qualified. To learn more, you are welcome to discuss with us as you move through the selection process.

    Working at The Bancorp Bank, N.A. and Benefits Information: https://thebancorp.com/company/join-our-team/

    Company Culture & Background Screening

    Company Culture at The Bancorp Bank: https://www.thebancorp.com/company/company-culture/

    The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

    Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.

    #BancorpRemote

    About the job

    Apply before

    Posted on

    Job type

    Full Time

    Experience level

    Location requirements

    Hiring timezones

    United States +/- 0 hours

    About Bancorp Bank, The

    Learn more about Bancorp Bank, The and their company culture.

    View company profile

    Founded in 1999 by Betsy Z. Cohen, The Bancorp, Inc. has carved out a unique niche in the financial services sector as a pioneer focusing on non-bank financial service companies. With headquarters in Wilmington, Delaware, and an operational base in Sioux Falls, South Dakota, The Bancorp has steadily evolved into a formidable payment services provider and specialized lender across the United States.

    For over 20 years, The Bancorp has been providing nonbank companies with the people, processes, and banking technology to meet their individual needs. Its banking solutions are tailored to empower clients ranging from entrepreneurial startups to Fortune 500 companies, enabling them to harness the potential of innovative financial technology. The Bancorp Bank, as its banking arm, has gained national recognition for its expertise in the prepaid card space, consistently earning accolades as the top issuer of prepaid cards and as a premier partner for merchant services and ACH origination.

    Claim this profileBancorp Bank, The logoBT

    Bancorp Bank, The

    View company profile

    Similar remote jobs

    Here are other jobs you might want to apply for.

    View all remote jobs

    3 remote jobs at Bancorp Bank, The

    Explore the variety of open remote roles at Bancorp Bank, The, offering flexible work options across multiple disciplines and skill levels.

    View all jobs at Bancorp Bank, The

    Remote companies like Bancorp Bank, The

    Find your next opportunity by exploring profiles of companies that are similar to Bancorp Bank, The. Compare culture, benefits, and job openings on Himalayas.

    View all companies

    Find your dream job

    Sign up now and join over 100,000 remote workers who receive personalized job alerts, curated job matches, and more for free!

    Sign up
    Himalayas profile for an example user named Frankie Sullivan