Credit Advisor Job Description
Credit Advisor Duties & Responsibilities
To write an effective credit advisor job description, begin by listing detailed duties, responsibilities and expectations. We have included credit advisor job description templates that you can modify and use.
Sample responsibilities for this position include:
Credit Advisor Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Credit Advisor
List any licenses or certifications required by the position: CRCM, CCSA, CIA, CISA, CRM, NBE, SOX, CAFP, AMLP, CAMS
Education for Credit Advisor
Typically a job would require a certain level of education.
Employers hiring for the credit advisor job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Finance, Education, Accounting, Management, Military, Economics, Counseling, Communication, Financial Services
Skills for Credit Advisor
Desired skills for credit advisor include:
Desired experience for credit advisor includes:
Credit Advisor Examples
Credit Advisor Job Description
- Effectively managing the credit renewal process to provide CAMs with more client facing time
- Demonstrate collaboration with service partners and commitment to put clients first
- Ensure credit structures adequately mitigate the respective credit risks
- Apply sound judgment to asset growth and portfolio quality
- Apply specialized knowledge and experience to support Commercial Account Managers and their clients
- Prioritize credit reviews, balancing client needs and high risk situations effectively
- Ensure account managers are informed of changes in the review schedule
- Exercise due diligence and take proactive action
- Approve transaction requests within Delegated Lending Authorities for renewals and new business
- Ensure a balance between Risk and Return
- Influence portfolio quality through credit risk assessment and management of expired credits
- Takes ownership of client escalations and optimize overall processing time
- Maximize opportunity spotting to enhance cllient retention, referrals, and sales
- Deliver superior client service by structuring transactions with a client centric approach
- Partner with CAM, Group Risk Management (GRM) and Business Support Services (BSC) to reduce response time and increase effectiveness
- Develop knowledge and experience of specific industry/segment(s) to support the credit needs of Commercial Account Managers and their clients in the Film & Media industry
Credit Advisor Job Description
- Present a professional image from a personal and professional level that will be beneficial to customers, credit union partnerships and the Company
- Follow a professional, broad based sales process in accordance with the Company’s procedures
- Follow regulatory securities requirements and strictly adhere to all Company policies
- Follow regulatory policies and procedures of ethical market conduct
- Follow the Company and regulatory guidelines for maintaining client files
- Meet or exceed the Company’s minimum program production standards along with a product mix of business consistent with the needs of your customers
- Attend all required training along with additional opportunities to attend informational meetings scheduled by the Company
- Adjudicate files with Single Name Exposure up to $1MM
- Use sound judgment and employ a balanced approach to asset growth and portfolio quality
- Apply specialized knowledge and experience to support CAMs and their clients
- 5 years of experience working with senior leaders
- 2 years of experience in communications planning, including department communications, leadership team meetings, presentations, memos and reports
- Minimum production history of $200,000 annually over the last three years and preferably client assets of at least $15 million
- Commitment to Total Needs Bases Sales approach
- Verifiable commission history over the last three years and preferably client assets of at least $15 million
- LUTCF, CLU, ChFC or CFP designation preferred
Credit Advisor Job Description
- Maximize opportunity spotting to enhance client retention, referrals, and sales
- Accessing information from various host systems as required for task completion (Synergy, BBTR, Application Launch Pad, Newton, FACT and CASPER)
- Ensure documentation obtained is compete and accurate (vet where required) prior to processing
- Exercise judgment in making decisions, with escalations to appropriate levels
- Work as an integral part of the team and liaise with team members to obtain / disseminate information (Commercial Credit Advisor, Analyst, Account Manager, Commercial Advisory Group's Team Leader, Business Services Centre)
- Input and maintain tracking sheets for all credits being worked on by CCA/Analysts
- Assist Senior Financial Specialist in maintaining credit files
- Follow established Coaching Routines
- Administrative tasks to support the VP Financial Structuring
- Replicate and fully understand quantification and credit risk rating models ICAAP models and front-end models
- Excellent English language skills (written and verbally) and Portuguese is a plus
- 5-10 years of experience and proven success in area of risk and portfolio management with credit products including, but not limited to, securities based lending, both purpose and non-purpose, single stock lending, hedge funds and alternative investments, commercial real estate loans, home loans including first mortgages and HELOCs, private equity capital call lines, unsecured loans, foreign exchange and derivatives
- Upon completion of the review, the credit analyst is required to assign a credit rating, assign a credit line and assign terms and conditions to best structure the credit risk
- Minimum of 3-5 years of experience in business underwriting in banking or financial services organizations
- Minimum 2-4 years of experience in business underwriting in banking or financial services organizations
- Master degree in a related field (CFA or equivalent would be an asset)
Credit Advisor Job Description
- Keeps abreast of new planning tools, products and resources, changing regulations and professional standards
- Accountable for credit renewals, including increases at renewal, reviewing and establishing the client’s risk rating (BRR), and ensuring credit structures
- Adjudicate transaction requests within Delegated Lending Authorities using sound judgment and employing a balanced approach to growth and portfolio quality
- Create and manage strong partnerships with CAM, GRM and the Business Service Center (BSC)
- Develops and utilizes specialized knowledge and experience of specific industry/segment(s) to support the credit needs of Commercial Account Managers (CAM) and their clients
- Conduct regular reviews of key processes to identify root causes of any bad or doubtful debts
- Engage with key stakeholders to understand the impact of new products and strategies and implement processes to mitigate
- Utilise MI and BI to identify trends, highlight issues and educate the business, ultimately to help shape the in-life collection processes
- Able to effectively manage and communicate change
- Support supplier performance and relationships
- Negotiation skills, attention to detail, adaptability problem-solving skills are essential
- Good knowledge of investment products, derivatives, collaterals and regulatory requirements
- Very solid knowledge of multi-leg netting strategies for derivatives (calculation net exposure)
- Good organizational skills and ability to work independently with in the given credit framework
- Proficiency in Excel, Word and PowerPoint, knowledge of Avaloq is an asset
- Fluency in English and French, other languages an asset
Credit Advisor Job Description
- Responsible for analyzing and underwriting complex Commercial & Industrial, Investor CRE, Owner-Occupied CRE, and SBA 504 and 7a loans
- Active customer contact, negotiation and engagement at high level of the organization (CEO/CFO level)
- Identify opportunities to improve costs through more efficient solutions
- Ensure all Credit Hire handlers are fully trained on our Credit Hire approaches and agreed best practice guidelines
- Regularly review our position in relation to the GTA and whether or not we should remain a subscriber
- Provide ongoing academic advising support for high school and college based dual credit students
- Provide information about the college and promote relevant programs to dual credit students
- Promote dual credit opportunities to high school staff, students and parents
- Maintain ongoing contact and good public relations high school students, parents and staff by coordinating school visits and other recruiting and information activities
- Monitor academic progress of assigned dual credit students
- At least 10 years of AML compliance experience in a bank, brokerage or other financial institutions
- Excellent administration and organizational skills and ability to work efficiently under pressure
- Candidates should have 10 years of private banking and credit / lending experience
- Strong communication and interpersonal skills, solid analytical capacity and risk awareness
- At least 3 years experience of credit underwriting in IT financing, captive financing or banking
- Coach & mentor Associates to ensure they meet the required performance standards for quality & productivity