[Hiring] Healthcare Credit Manager @Primis Bank

Role Description

The Healthcare Credit Manager will be responsible for providing comprehensive and objective analysis of the financial condition and credit worthiness of prospective Panacea Financial healthcare borrowers (primarily Medical, Dental and Veterinarian Practices i.e. Practice Finance), as well performing continued due diligence related on prevailing industry and market conditions. The role will also ensure quality compliance and credit monitoring of Panacea Financial’s healthcare portfolio, while also supporting new business development and adhering to Panacea Financial’s overall risk appetite.

• Performs preliminary research on potential customers in conjunction with Panacea Financial's front-line Practice Solution Consultants to determine alignment with Panacea Financial products and loan structure.
• Assists Credit Analysts (when needed) in assessments of credit needs and alignment with Panacea Financial’s risk appetite.
• Prepares preliminary spreads, cashflow, and comprehensive credit approval memo for pre-approval.
• Provides strong rationale for all credit declines and delivers fulsome credit packages to Panacea Financial Executive Credit Officer for review.
• Supervises Credit Analysts in these functions; has oversight of BRR input, the setting of covenants, RAC peer review functions, the review of Term Sheets and Credit Analyst analysis.
• Ensures that all staff are knowledgeable of and operate within applicable regulatory and compliance guidelines/policies & procedures.
• Assesses all incoming credit applications for completeness, ensuring high quality of risk assessment, credit structure analysis, due diligence, and credit presentation.
• Ensures appropriate balance between customer risk and interest rate pricing.
• Has sole approval authority on new Credits up to $500M and makes approval recommendations on all other exposure sizes to Panacea Financial Executive Credit Officer.
• Ensures the overall portfolio is comprehensively monitored and controlled, adhering to and administered within approved guidelines.
• Regular, reliable, and predictable attendance.

Qualifications

• Bachelor’s in Accounting, Finance, Business or related.
• Minimum of 7 years of experience participating in commercial lending or credit risk activities, with a specific focus on Practice Finance or healthcare lending.

Requirements

• Demonstrates ability to thoroughly identify and mitigate risk.
• Must possess highly advanced credit analysis skills including the ability to read and assess personal and company financial statements, third-party business valuations, feasibility studies, CRE appraisals, industry and competitive analysis, business plans and start-up projections.
• Solid understanding of value-add credit structuring in a fast-paced banking environment.
• Strong planning and organizational skills.
• Ability to effectively use personal computers and various software applications including Hubspot, Sageworks, Microsoft WORD, EXCEL, OUTLOOK and other Primis systems and underwriting platforms.
• Understand federal regulations regarding handling of loan applications from application submission through record retention.
• Well-developed written and oral communication skills and interpersonal skills.

Benefits

• Physical Demands: Continuous remaining in a stationary position, particularly, but not limited to, at a desktop computer.
• Continuous repetitive use of hands/arms; particularly concerning typing, writing, phone & computer use.
• Continuous communication: verbal and written, in-person, phone and electronic.

Work Environment

• Remote.