Credit Risk Officer II

About Locus

Locus (formerly VCC Social Enterprises) partners with communities where the capital system is not working to ensure that everyone, no matter their background, location, or economic status, can live in healthy, thriving communities. A capital system that centers community input and impact is essential to making this a reality. Locus is a nonprofit holding company regulated by the Federal Reserve. Locus is the parent organization for a family of social enterprises, which includes Locus Bank, Locus Impact Fund, Locus Capital, and the Community Investment Guarantee Pool, or CIGP. Locus has generated over $2 billion dollars in total impact in local communities to create jobs, energize places, and promote an enhanced quality of life. With offices in Christiansburg and Richmond, Locus offers innovative and flexible financing tools and professional advisory services to individuals and organizations in low-to-moderate income and underserved communities. Locus Bank is an FDIC-insured, certified bank and B Corp offering products tailored to socially conscious investors, along with personal and business checking, savings, and certificate of deposit accounts. Locus Bank is a majority-owned subsidiary of Locus. Member FDIC. Equal Housing Lender. Learn more at www.locusimpact.org.

Position Overview:

The Credit Risk Officer II reports to the VP, Credit Risk Officer III of the Credit Risk Management team and is responsible for assisting the Credit Risk Officer III in the management of the loan portfolio, with primary focus on construction loans. Working with the Credit Risk Management team, management, lenders, and Operations team members, this position is primarily responsible for helping to adjudicate and service the existing construction related loan portfolio, comprised of real estate construction loans, pre-development loans, tax credit bridge loans, and solar construction loans. This position manages the Commercial Construction Loan Administrator.

Construction Loan Management –The Credit Risk Officer II will oversee and monitor the construction related portion of the portfolio with responsibilities to include, but not limited to, pre-closing review, ongoing disbursements, and project tracking. The Credit Risk Officer II will present monthly reports to the Credit Risk Officer III and Chief Credit Officer. 

Appraisal and Environmental Management - The Credit Risk Officer II will oversee and monitor the ordering and reviewing of appraisals and environmental reports to include ensuring that the approved appraiser list is current. 

Loan Approvals – In conjunction with the Credit Risk Officer III will serve as a key person responsible for working with lending officers on structuring new loan requests. The Credit Risk Officer II will support the Credit Risk Officer III and Chief Credit Officer with any required workflows in preparation of the weekly Officer’s Loan Review Committee.

Special Assets - In conjunction with the Credit Risk Officer III, The Credit Risk Officer II will assist with managing loans in the Special Asset portfolio.

Compliance - Ensure knowledge and compliance with the organization’s Credit Policy and regulatory compliance standards.

Qualifications:

Experience/Education/Certifications

• A minimum of 5-7 years relevant work experience in a credit risk management function to include commercial real estate and commercial and industrial lending. 
• Knowledge and demonstrated experience in construction loan management including appraisal review and federal regulations governing appraisal management.
• Knowledge and demonstrated experience in environmental studies review.
• Ability to apply previous banking experience and knowledge to a unique business model.

Computer/Technology:

• Excellent Word, Excel, and Windows file management skills mandatory
• Strong technical experience with Salesforce or other CRM tools
• Demonstrated web research skills
• Familiarity with Outlook or similar network-based email and calendar software
• Extensive computer usage and Microsoft Teams communication
• Must be able to work independently in a stable remote environment, if necessary
• Access to high-speed internet bandwidth and reasonable proximity to Locus or a major metropolitan airport.

Communication:

• Ability to communicate verbally across all levels of the organization in a clear, concise and confident manner.  
• Ability to write accurate, clear and organized communications, incorporating a range of information and analysis. Ability to document workflow and procedures.

Compensation and Benefits

• $95,000 - $97,302 annual salary, depending on skills and experience
• 17 days of PTO per year 
• 11 Paid holidays per year
• Medical, dental, vision, short- and long-term disability insurance
• 401k savings plan with employer match
• Life Insurance
• Hybrid Remote (for candidates within driving distance of Locus offices in Richmond or Christiansburg, Va.) 

For fully remote status, Locus prefers applicants from East Coast states where business relationships have already been established; they include  Virginia, New York, Florida, New Jersey, West Virginia, Georgia, North Carolina, Massachusetts, and Pennsylvania. Considerations may be given to candidates from other established states such as Nebraska, Colorado, Montana, Kansas, Tennessee, and Missouri.  

Equal Opportunity Employer Locus provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression or any other characteristic protected by federal, state or local laws.