Location: On site at location listed in job posting
Summary
This opportunity is within our Centralized Commercial Lending team. This specific position is in our Loss Mitigation group and will be responsible for proactively managing portfolios by identifying trends and alerting management to changes in portfolio conditions. Partners with relationship managers to finalize credit package terms, workout structures and independently prioritizes requests. Additional duties include past due loan monitoring within the CCL portfolio and identifying potential downgrade situations.
Key Responsibilities Include
- Review cash flows and Moody’s spreads prepared by the Credit Analyst, conduct in-depth analyses of financial information to form a recommendation of approval or denial of new loans in accordance with the Bank’s policy and procedures. Prepare Credit Origination Memorandum in a clearly written concise manner, identifying strengths, risks and mitigating factors. Review, analyze and evaluate financial and pertinent data to determine credit worthiness of loan prospects and merits of specific loan requests. Collaborate with Relationship Managers, leaders, and Business Development Officers to gather all necessary information to present an accurate and complete assessment of the loan presented. On occasion interact with clients or representatives virtually or in person calls in conjunction with Relationship Manager on larger credits.
- Ability to prepare high quality, detailed credit approval documents that contain an in-depth analysis, an understanding of and identification of credit issues and risks. Ability to spread and interpret financial statements, tax returns, and projections using Excel.
- Ability to provide recommendations on loan structuring and alternative structures that may be more appropriate for the transaction.
- Ability to work in a high-volume environment, meeting or exceeding Service Level Agreements and turn time goals throughout the process, providing credit decisions in a timely manner.
- Work independently on special projects related to credit topics and issues as requested by Bank Credit team(s).
- Support the Bank's strong relationship banking culture through on-going internal partner contact, quality customer service, and superior product knowledge. Understand and adhere to the Bank's Bank Secrecy Act policy and procedures and "know your customer/enhanced due diligence" guidelines. Brings any suspicious activity to the attention of a supervisor, or the Bank Secrecy Act Officer. Follow all Bank policies and procedures to ensure compliance with all laws and regulations.
- May perform other duties as assigned.
Qualifications Include
- Bachelor’s degree required for consideration or equivalent combination of education and experience.
- Five years of commercial credit underwriting experience preferred.
- Fundamental understanding of commercial credit underwriting.
- Ability to interact with all levels of staff and management.
- Ability to work successfully in a deadline driven team environment.
- Strong MS Office skills, especially with Excel.
- Must be organized and detail oriented with the ability to multitask.
- Good written and oral communication skills.
- Good fundamental understanding of general bank operations, proficient understanding of the components of financial planning, deposit products, small business products, investment, and insurance products.
About Us
First Horizon is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. With $81.7 billion in assets as of December 31, 2023, we serve clients through a team of approximately ~7,300 associates and ~418 banking centers throughout the southeastern United States. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. First Horizon has been recognized as one of the nation’s best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank.
Benefit Highlights
• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits
Corporate Diversity Commitment:
We remain committed to creating a more equitable society, and that starts with our associates, our clients, and the communities we serve. We do this by elevating equity, providing capital and counsel, and committing to excellence in everything we do.
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