Monday, January 4, 2010

Credit Officer, Bridgeway Capital - Pittsburgh, PA

Posted: 1/4/10

Bridgeway Capital
Bridgeway Capital (www.bridgewaycapital.org) located in Pittsburgh, Pa., provides capital and education opportunities to small businesses to increase jobs and ignite economic growth across western Pennsylvania. Founded in 1990, Bridgeway Capital currently serves 15 counties and manages more than $53 million. Since inception it has placed over 570 loans, injecting $63 million in capital directly into the region and leveraging more than $236 million. In fiscal year 2009, Bridgeway Capital made 83 loans totaling $7.4 million. With a blend of entrepreneurial vision, regional knowledge and operational expertise, Bridgeway Capital focuses on making western Pennsylvania a thriving region for all. Bridgeway Capital is a nonprofit organization, certified as a Community Development Financial Institution (CDFI) by the U.S. Treasury Department.

Credit Officer Responsibilities
Under the management direction of the President and the strategic direction of the Board of Directors, the Credit Officer is responsible for the overall credit environment and culture of Bridgeway Capital. The Credit Officer will manage both credit underwriting for all loan products and all portfolio administration. More specifically, the Credit Officer’s duties will include:

- Ensure that all lending by Bridgeway Capital advances the organization’s mission
- Communicate and enforce Bridgeway Capital’s loan policies and procedures
- Recommend changes to policies and procedures as needed to streamline delivery of loan products without compromising credit quality
- Assess and monitor the credit risk of each loan product’s portfolio and across entire portfolio
- Review and approve/decline all transactions
- Complete all credit reviews and monitor all delinquencies
- Calculate adequacy of loan loss reserve and determine loans to be written off on a regular basis
- Manage problem assets to minimize losses and maximize collateral recovery
- Supervise Credit Analysts in loan underwriting
- Provide regular reports to senior management
- Call on prospects and borrowers when credit issues arise

Credit Officer Qualifications:
- Bachelor’s degree in Finance, Accounting, Economics or related field
- Participation in Commercial Credit training program
- Minimum of 5 years of experience as a Credit Administrator/Credit Officer/Portfolio Manager in a financial environment
- In-depth knowledge of small business lending, commercial real estate, standard term loans and lines of credit, or credit policy/credit compliance
- Excellent organizational skills with ability to handle multiple priorities while managing the entire credit function in a strategic and organized manner
- Excellent analytical and problem-solving skills
- Solid interpersonal skills with a helpful, down-to-earth demeanor
- Ability to develop strategies to handle problem loans

Bridgeway Capital offers the opportunity to be part of a committed and effective team which contributes to the mission of enhancing the economic climate of western Pennsylvania. We offer a comprehensive benefit package including health, dental, vision, life and disability insurance; a retirement plan and a flexible spending account.

TO APPLY: Please send resumes with salary requirements (and position title in the subject line) to:

Attn: Credit Officer Search
Bridgeway Capital
707 Grant Street, Suite 1920
Pittsburgh, PA 15219
Fax: 412-201-2451
or: info2@bridgewaycapital.org

No phone calls, please.

Equal Opportunity Employer

Please mention that you heard about this opportunity from Dewey & Kaye Jobs Watch in your cover letter when applying for this position.

The Dewey & Kaye division of McCrory & McDowell LLC provides strategy development, planning, financial sustainability, facilitation, training and executive search services to help nonprofits, foundations, community collaboratives and government agencies address strategic, operational and administrative issues.

Founded in 1951, McCrory & McDowell LLC today ranks as one of the largest accounting and consulting firms in the region, offering a wide range of services through distinct, but integrated groups that include Dewey & Kaye, Diversified Medical Management, Three Rivers Institute, and McCrory & McDowell's accounting, tax, and business consulting practices.