Credit Manager Jobs in Merrimack, NH (NOW HIRING)

The Commercial Credit Portfolio Manager is responsible for the ongoing credit analysis, underwriting, annual review process, financial monitoring, and risk management of Align Credit Union's commercial loan portfolio. This position works closely with the Chief Lending Officer, AVP of Commercial Lending, and Commercial Lending Generalist and serves as a key liaison between Commercial Lending, the Risk Department, and the Credit Union's commercial CUSO, Octant.

The primary focus of this role is to proactively monitor borrower and portfolio performance, complete and review annual and pro forma analyses, identify and escalate emerging credit risks, maintain appropriate risk ratings, and ensure strong credit administration. The position will underwrite commercial loan requests under

$50,000 and coordinate with and review underwriting completed by Octant for commercial loan requests over

$50,000.

The Commercial Credit Portfolio Manager will also work closely with the Chief Lending Officer on the overall risk management and monitoring of the Credit Union's commercial loan and credit card portfolios, including portfolio trends, concentrations, delinquencies, credit quality, losses, underwriting trends, exceptions, and emerging risks.

Manage the commercial annual review process, ensuring reviews are completed accurately and timely in accordance with Credit Union policy, regulatory expectations, and established risk-based review schedules. Annual reviews may be completed internally or through Octant, with this position responsible for reviewing completed analyses for accuracy, completeness, appropriate risk identification, and consistency with Credit Union policy and completing reviews internally when appropriate.

Perform and/or review comprehensive annual financial reviews of commercial relationships, whether completed internally or by Octant, including financial statements, tax returns, cash flow, global cash flow, debt service coverage, liquidity, leverage, collateral position, and overall repayment capacity. Identify changes in borrower performance and emerging credit risks requiring additional monitoring or action.

Complete and/or review pro forma and projection analyses, whether prepared internally or through Octant, comparing projected performance to historical and actual results, evaluating assumptions, performing sensitivity or stress analysis when appropriate, and identifying material variances or potential credit concerns.

Maintain ongoing commercial portfolio monitoring, including borrower financial performance, covenant compliance, collateral coverage, delinquencies, concentrations, policy exceptions, past-due financial information, and other indicators of emerging or increased credit risk.

Track required borrower and guarantor financial statements, tax returns, rent rolls, personal financial statements, insurance, appraisals, covenant reporting, and other documentation required for underwriting, annual reviews, and ongoing portfolio monitoring.

Review and recommend commercial loan risk ratings and monitor criticized, classified, watch-list, delinquent, and other higher-risk relationships, working with the Chief Lending Officer, AVP of Commercial Lending, and Risk Department to recommend enhanced monitoring, corrective action, or other risk mitigation when appropriate.

Coordinate with and review underwriting completed by Octant for commercial loan requests over $50,000, ensuring required financial and credit information is provided and reviewing the completed underwriting, risk assessment, and recommendations for consistency with Credit Union policy, risk appetite, and established underwriting standards.

Underwrite commercial loan requests under $50,000, including financial analysis, repayment capacity, collateral analysis, guarantor strength, loan structure, risk assessment, and preparation of appropriate credit recommendations.

Serve as a key liaison between Commercial Lending and the Risk Department, providing timely communication regarding portfolio performance, emerging credit concerns, policy and covenant exceptions, risk-rating changes, criticized or classified assets, concentrations, and other material credit risks.

Work closely with the Chief Lending Officer on the overall risk management of the commercial loan and credit card portfolios, monitoring portfolio performance, delinquency and loss trends, concentrations, credit quality, underwriting trends, exceptions, and other key risk indicators and assisting in identifying appropriate risk mitigation strategies.

Prepare clear and concise commercial and credit portfolio risk reporting for the Chief Lending Officer, Commercial Lending, Risk Management, Senior Management, and other appropriate parties, including annual review status, risk-rating migration, concentrations, exceptions, delinquencies, losses, and emerging risk trends.

Monitor commercial real estate collateral, including appraisal and evaluation requirements, loan-to-value positions, property performance, rent rolls, occupancy, and other factors affecting collateral value and repayment capacity.

Support Risk Management, internal and external audits, regulatory examinations, and independent loan reviews, including preparation of documentation, portfolio analysis, responses to findings, and implementation and tracking of corrective actions.

Partner collaboratively with the Chief Lending Officer, AVP of Commercial Lending, Commercial Lending Generalist, Risk Department, Octant, Loan Operations, Finance, and other departments to maintain strong underwriting and credit administration standards, effective risk controls, regulatory compliance, and overall portfolio quality.  Other job-related duties, as assigned.

The position may require occasional travel to borrower locations, commercial properties, meetings, or other Credit Union locations.

At Align Credit Union, we believe in pay transparency and are committed to providing our employees and candidates with access to information about our compensation practices. The expected base pay rate offered for this role is $67,100.00 to $85,000.00 annually. Compensation may vary based on relevant experience, skills, competencies, and certifications.