WHO WE ARE

Seattle Bank is a locally owned, digitally driven financial institution that provides personal, business and partner banking services. Our experienced team and open API, cloud-based core technology platform, deliver a boutique bank experience for clients with interwoven personal and business financial needs. Our highly configurable and scalable tech stack also supports partner banking that enables companies to embed banking transactions into their customer online experience. Seattle Bank is a wholly owned subsidiary of Seattle Bancshares, Inc., a privately held bank holding company, and the creator of CD Valet, a digital marketplace for Certificates of Deposit.

POSITION SUMMARY

The Credit Administrator is responsible for assisting the Chief Credit Officer in ensuring the overall quality and performance of the Bank’s loan portfolio by providing direction, support, review, and oversight for the Bank’s Boutique Banking credit-related activities, including financial analysis and underwriting, covenant testing, appraisal management, construction monitoring, portfolio reviews, internal and external report preparation, loan policies and procedures, special asset resolutions, and CECL analysis. The position performs direct supervisory duties of department staff and coordinates coverage in all related areas of the department. Assures compliance with all loan policies and procedures, as well as all applicable state and federal banking regulations. Lending approval authority may be granted commensurate with experience and ability.
This position is located in our downtown Seattle office and requires full-time, in-person work.

Requirements:

• Due to the collaborative nature of this position, it requires daily in-person work. [After a 90-day training period, this position allows for one day of work from home each week.] No exceptions will be granted.
• Bachelor’s degree or equivalent from an accredited four-year college or university; 10 years related experience and/or training; or the equivalent combination of education and experience. Work-related experience should consist of a financial analysis or credit background, including financial statement and tax return analysis. Prior experience strongly preferred in the areas of credit approval authority, credit administration reporting, CECL calculations, accounting and regulatory audits and reviews, underwriting team management, and problem loan workouts.
• Experience, knowledge and training in all lending activities and terminology.
• General knowledge of GAAP and FFIEC accounting and reporting standards.
• Knowledge of commercial, construction, real estate and consumer loan documentation and processing.
• Ability to review and analyze complicated real estate appraisals.
• Knowledge of related state and federal lending and compliance regulations.
• Excellent organizational and time management skills with the ability to provide leadership, supervision and training for one or more employees.
• Skills in personal computer operation, word processing and spreadsheet software programs.
• Exceptional verbal and written and communication skills.
• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
• Ability to prepare and present accurate and concise reports and forecasts for bank management, board of directors, shareholders, regulators, accountants, and other

• Physically attending work on a set and predictable schedule is an essential function of this job.
• Manage the Bank’s underwriting process with responsibility for ensuring accurate spreading of business and personal financial statements and tax returns, ascertaining the appropriateness of underwriting and analyzing of new loan requests and renewals, and assisting the Chief Credit Officer with monitoring the existing loan portfolio to ensure compliance with all covenants and financial reporting requirements.
• Manage the preparation of all credit administration reports, to include loan quality risk ratings and trends; concentrations by loan type, industry, and location; policy exception tracking; real estate stress testing; interest rate modeling; loan activity summaries, comparisons to budget, and projections.
• Approve new loans, renewals, and modifications within delegated lending authority in a manner consistent with Bank policy and sound banking practices.
• Oversee the Bank’s commercial and residential construction activities; ensure construction draws are accurate and well-supported; review site inspections and progress reports; monitor borrowers and builders for on-time and on-budget performance.
• Manage the Bank’s real estate appraisal and review process in compliance with all applicable laws, regulations, and Bank policy.
• Manage the Bank’s special asset portfolio; monitor and resolve under-performing credits; develop and implement action plans for improvement and/or collection; prepare periodic reports for Senior Management and the Board of Directors.
• Assist as directed in the preparation of the Bank’s quarterly CECL calculations and related reports, including analysis of regional and national economic and real estate market conditions, loan losses and trends, and loan product concentrations.
• Coordinate the preparation and responses for all internal and external loan reviews, audits and regulatory exams.
• Ensure risk ratings are correctly assessed and reviewed in a timely manner; recommend upgrades or downgrades as appropriate.
• Prepare, modify, and review lending policies and procedures as necessary.
• Assist in the analysis and due diligence for loan purchases.
• Work with the Commercial Processing team to ensure that borrowers’ loan documents accurately reflect the credit approval conditions and are compliant with all applicable laws, regulations, and Bank policies. Provides final sign-off for release of documents to borrowers or escrow.
• Participate in various internal committees, special projects and other duties as assigned.

Requirements:

• Due to the collaborative nature of this position, it requires daily in-person work. [After a 90-day training period, this position allows for one day of work from home each week.] No exceptions will be granted.
• Bachelor’s degree or equivalent from an accredited four-year college or university; 10 years related experience and/or training; or the equivalent combination of education and experience. Work-related experience should consist of a financial analysis or credit background, including financial statement and tax return analysis. Prior experience strongly preferred in the areas of credit approval authority, credit administration reporting, CECL calculations, accounting and regulatory audits and reviews, underwriting team management, and problem loan workouts.
• Experience, knowledge and training in all lending activities and terminology.
• General knowledge of GAAP and FFIEC accounting and reporting standards.
• Knowledge of commercial, construction, real estate and consumer loan documentation and processing.
• Ability to review and analyze complicated real estate appraisals.
• Knowledge of related state and federal lending and compliance regulations.
• Excellent organizational and time management skills with the ability to provide leadership, supervision and training for one or more employees.
• Skills in personal computer operation, word processing and spreadsheet software programs.
• Exceptional verbal and written and communication skills.
• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
• Ability to prepare and present accurate and concise reports and forecasts for bank management, board of directors, shareholders, regulators, accountants, and others