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Small Business Underwriting Credit Administrator

Arvest Bank Group

Arvest Bank Group

Administration, Accounting & Finance · Full-time
Lowell, AR, USA · Arkansas, USA · Missouri, USA · Oklahoma, USA · Kansas, USA
Posted on Tuesday, July 2, 2024

Pay is based on a number of factors including the successful candidate’s job-related knowledge and skills, qualifications, and prior experience. Arvest offers a comprehensive suite of benefits, including a full range of health and life, financial, and wellness benefits. For more information about benefits, please visit www.arvest.com/careers/benefits.

Incumbent should be located within the Arvest 4 State Footprint (AR, KS, MO, OK). Position requires availability Monday through Friday 8 am to 5 pm with flexibility to work additional hours as needed.

The story of Arvest is one of commitment started by our founders in 1961, with an intense dedication to focusing on our customers. We will always be active and involved members of the communities we serve, and we will always work to put the needs of our customers first as we continue to fulfill our mission – People helping people find financial solutions for life.

Job Title: Small Business Underwriting (SBU) Credit Administrator

The SBU Credit Administrator at Arvest develops and recommends small business loan policy, guidelines and procedures and assists with implementation. They collaborate with local bank Credit Administrators, Loan Managers, and Risk and Compliance teams to align efforts and achieve common Small Business Division goals. They analyze the loan portfolio, evaluate data, assess opportunities, and provide accurate, timely, and complete credit information across all regions.

Additionally, the SBU Credit Administrator provides leadership, guidance and mentorship to the Small Business Lending operations team and ensures consistent adherence to applicable laws, regulations, policies, and procedures. Their leadership will result in the growth of loans, profits, return on investments, efficiency of operations, and equitable benefits to the organization's customers, associates, and shareholders.

What You’ll Do at Arvest: (Other duties may be assigned.)

● Develop, test, and implement Small Business loan policy and procedures in response to evolving federal regulations and organizational objectives.

● Provide leadership and oversight of staff by ensuring associate is properly and adequately managed with clear expectations of policies, goals, strategies, and initiative.

● Develop, coach, guide and inspire associate to ensure optimal team and individual performance in support of short-term objectives and long-term succession needs.

● Provide guidance and mentorship to the centralized small business lending team.

● Monitor efforts to ensure compliance with applicable laws and regulations, including the Uniform Application of Credit and adherence to Arvest Bank Group Loan Policy and Procedures

● Assess risk and ensure loans adhere to guidelines.

● Assist staff with structuring and underwriting credits, maintenance of overall credit quality, and preparation of reports for division leadership and respective governing bodies, including Loan Managers.

● In conjunction with the SBU Senior Manager of Operations, contribute to establishing plans, processes, and departmental strategies to ensure department goal setting aligns with long-term Arvest strategies.

● Provide training and development to credit staff, SBU underwriters and credit analysts to ensure they are equipped with the necessary knowledge, skills, and abilities to accurately assess creditworthiness, mitigate risks, and make informed lending decisions.

● Analyze and measure the effectiveness of small business credit metrics and its alignment with Key Performance Indicators (KPI) to track progress, identify areas for improvement and make informed decisions to optimize lending practices while mitigating risks.

● Support the investigation process of loan related fraud involving customers, third parties, or associates. Partner with internal fraud teams to implement solutions and strategies for effective detection and prevention of future occurrences.

● Provide recommendations for procedural changes to align policies with evolving market conditions and current practices, ensuring consistency.

● Serve as an internal escalation point for the SBU team and make underwriting decisions within the appropriate risk boundaries established by senior leadership.

● Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.

Supervisory Responsibilities:

Carries out supervisory responsibilities in accordance with the organization’s policies and applicable laws.

Responsibilities:

Toolbox for Success:

● Bachelor’s Degree or equivalent work or military experience

● 6 years of related experience with an emphasis on financial statement analysis

● 5 years of commercial loan underwriting experience

● Previous management experience

● Strong leadership and influencing skills

● Relevant military experience is considered for veterans and transitioning service members

Preferred:

● Lending schools or graduate banking schools

● Previous portfolio management and analytics experience

Physical Demands:

The associate must be able to travel occasionally by themselves within the US, possibly overnight. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

We offer competitive compensation, benefits packages, and significant professional growth.

Arvest Bank is committed to providing equal opportunity to all persons regardless of race, color, race-based hairstyles and textures, religion, marital status, sex, sexual orientation, gender identity, pregnancy, age, national origin, disability, veteran status, or any other basis, which now or in the future may be specified by law.

Along with an excellent benefits package, our associates are engaged, rewarded for performance, and encouraged to grow professionally and personally. Our future is driven by our associates. If you want to be recognized for your results and empowered to reach your potential, we urge you to apply.

Grade 18

**Pay Range: **$102550 - $121771 per year

Arvest Bank Group is an equal opportunity employer.