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Job Summary
Credit Risk Manager-Newark
Location: Newark, NJ Category: Accounting & Finance
Status: Temporary/Contract Reference: US_EN_1_177600_10301735
Posted: November 25,2013 Salary: $35 - $45 Hourly

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Adecco the #1 Human Resource Provider has a Credit Risk Manager position at a premier client located in Newark, NJ.

Key Responsibilities:
This is a Credit Risk Manager position with a stable Fortune 500 utility company located in New Jersey. The successful candidate will be responsible for leading a team of credit analysts and underwriting a growing portfolio of secured loans in solar energy projects. This position will closely work with members of the business, legal and risk management teams. Responsibilities will center on identifying and mitigating credit risk within a portfolio of commercial and residential loans.

Credit Risk Manager Responsibilities:
-Manage the implementation of loan policies, regulations and underwriting procedures, in partnership with business and legal staff
-Present credit recommendations to senior management for review and approval
-Perform credit evaluations of commercial applicants and draft loan recommendation memorandums
-Recommend enhancements to credit policies consistent with regulatory requirements
-Additional responsibilities include the continuous monitoring of borrower collateral requirements (guarantees, letters of credit and cash collateral accounts)
-Responsible for certain Sarbanes Oxley key controls and leading special projects as requested by management
-Track economic conditions or trends that may impact loan underwriting policies
-Review and validate all credit documents for accuracy
-Work with applicants and their tax-equity investors to better understand loan risks and negotiate credit requirements
-Exercise discretionary approval authority for more complex loans and exceptions to existing policies


Credit Risk Manager Qualifications:
-5 years of commercial credit underwriting experience
-Advanced understanding of financial statements and credit risk management fundamentals (cash flow, debt service coverage, liquidity and leverage analysis).
-Master’s degree (and/or CPA) with a concentration in accounting, finance or related field
-Formal bank credit training
-Understanding of project finance and/or renewable energy
-Understanding of New Jersey’s solar energy market and familiarity with local utility solar financing programs
-Knowledge of mortgage operations and documentation, standard consumer lending industry guidelines and transaction types (Fannie Mae/Freddie Mac/FHA)
-Experience managing a team and the ability to take a leadership role within a large organization

Applicants can send their resume in confidence to Jason Lewin at jason.lewin@adeccona.com .



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