Credit Administration Officer II The Credit Administration Officer (CAO) is responsible for the overall monitoring, administration and quality of their assigned portfolios/Line of Businesses (LOBs). Responsibilities include: credit decisioning of Group (sign off) and Department Committee credits; providing guidance/input on credit structuring; adherence to corporate credit policy; accurate/timely risk rating of credits; maintaining satisfactory AQRs, Internal Audit and regulatory Exams and developing/implementing action plans to correct any deficiencies. The CAO also takes an active role in coaching/developing RMs, PMs and credit staff.
Competencies: Business Acumen, Decisiveness, Flexibility, Decision Quality, Prudent Decision Making, Interpersonal Savvy, Standing Alone, Strategic Thinking, Accountability, Teamwork, Timely decision making and Developing Others
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Responsibilities
- Serves as the Credit Officer for assigned portfolios/LOBs within the Bank
- Decision Authority & Approvals
- Manages the credit quality of new and existing loans and ensures the Bank's interest is protected by minimizing charge-offs within guidelines established by Comerica Bank's senior management.
- Provides input on deal analyses to MCUs, Credit Analysts and Commercial Underwriters.
- Manages and ratifies risk ratings on credits >$2.5MM in aggregate. Manages the annual risk rating review process for existing loans.
- Ensures timely identification of problem credits to minimize potential losses to the Bank.
- Selects credits for special review (on going and quarterly CQR process) and develops and implements procedures ensuring accurate and timely follow-up on all CQR action plans.
- Monitors progress towards stated goals by RMs/PMs and works with Group Managers and Senior Management to correct deficiencies.
- Calls on large and problem credit customers and advises RMs, PMs, GMs and DMs on credit structuring and documentation issues.
- Monitors tracking system for Subject Tos, covenant compliance, policy exceptions, CEG Audits, Annual/Interim reviews, overdrafts/over-formulas and overall portfolio trends.
- Review/signoff of M&E and Real Estate Appraisals. Manages the concentration reporting process to maintain portfolio risk within Comerica Bank's established objectives.
- Participates in the development and maintenance of credit policy and procedures; ensures implementation of procedures to support such policy. Serves as a resource to loan groups by interpreting and applying policies and procedures to specific credits.
- Manages the policy exception reporting process to maintain portfolio risk within the Bank's established objectives.
- Develops work plans to address and correct issues and weaknesses identified in AQR, Internal Audit and Regulatory Exams.
- Group signature and Department Committee approval authority (GM, Department Manager or Market President co-chair) for all Credits.
- Document recommendation (i.e. CAO Comments) in all Department, Senior and Executive Committee RECAPs.
- Approves loan covenants for new loans as proposed by RMs/PMs to maintain appropriate control and protection for the Bank. Manages the covenant exception process by approving any modifications to existing loans.
- Grants approval of assigned subject tos in RECAP process.
- May participate in selecting credit support staff.
- Coaching/Developing RMs, PMs and credit staff.
- Special projects and other duties as assigned
Position Qualifications
- 4 year Bachelor degree
- 10 years combined credit, underwriting and lending experience (prior management/leadership experience preferred)
- 2 years credit decisioning role (Group Manager or Credit Officer with credit decisioning responsibilities), 5 years preferred.
For candidates hired in the state of California, Colorado, Washington, New York, Maryland, Illinois, Massachusetts & New Jersey the expected salary/On-Target Earnings (OTE) range for the role is currently $160,000 - $300,000 Annually. Salary Range(s) is subject to change. Comerica Bank takes several factors into account when determining individual starting pay. These include but are not limited to position, grade level, location/metropolitan area, skillset, and peer compensation. Comerica Bank considers the employer's work location to determine the pay range. About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
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Comerica Bank
$2.5MM in aggregate. Manages the annual risk rating review process for existing loans.
life insurance, parental leave, paid time off, sick time, 401(k)
Mar 01, 2025