Credit Manager at Walden Savings Bank

Posted in General Business 25 days ago.

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Location: Montgomery, New York

Job Description:

Walden Savings Bank

Job ID 2019-1233
Job Locations US-NY-Montgomery
Category Commerical Lending
Type Regular Full-Time


Oversees and administers the credit risk management of the institution's commercial loan portfolios. Develops, revises and executes loan policies and procedures. Provides advice and guidance on policies, as well as unusual loan relationships.


  • Assists in the administration of the institution's commercial loan portfolios as to credit risk management loan considerations to maintain quality control and minimize losses.

  • Coordinates the development or revisions of policies and procedures to ensure compliance with regulatory processes. Executes loan policies and ensures that deviations from policy are properly reported.

  • Assists in the review and interpretation of new pending laws and regulations that potentially affect the organization's business practices. Reviews lending policies quarterly to ensure regulatory statutes are met.

  • Reviews allowance for loan and lease loss analysis and makes recommendations regarding provision expense and adequacy of the ALLL account. Prepares materials concerning credit risk for monthly meetings of the Credit Review Committee, board and senior staff.

  • Analyzes loan data on new, renewal and existing loans, including data provided by credit bureaus, other financial institutions and financial institution files.

  • Consults with service lending department managers on complex or unusual loan relationships.

  • Engages in appraisal activity which includes engagement and scope assignments, selection and dismissal of appraisers, appraiser E & O policy and license updates and general compliance.

  • Creates and maintains montyhly and quarterly reports.

NOTE: This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.


Education & Experience:

  • Bachelor's degree in related field or equivalent combination of coursework and work experience.

  • Ten to 12 years of progressively responsible, directly related work experience, including credit policy analysis and regulatory practices.

Knowledge, Skills, & Abilities:

  • Analytical skills

  • Experienced in credit analysis, cash flow reports, and financial statement analysis

  • Strong management experience.

  • Excellent communication skills (written, verbal, listening).

  • Detail-oriented and well-organized.

  • Knowledge of commercial lending policies and procedures.

As an Equal Opportunity / Affirmative Action Employer, Walden Savings Bank will not discriminate in its employment practices due to an applicant's race, color, creed, religion, sex (including pregnancy, childbirth or related medical conditions), sexual orientation, gender identity or expression, transgender status, age, national origin, marital status, citizenship, physical and mental disability, criminal record, genetic information, predisposition or carrier status, status with respect to receiving public assistance, domestic violence victim status, a disabled, special, recently separated, active duty wartime, campaign badge, Armed Forces service medal veteran, or any other characteristics protected under applicable law.

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, or disclosed their own pay or the pay of another employee or applicant.