Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members’ drive and optimism. Together we can make a difference in the financial future of our communities.
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GENERAL SUMMARY
As a Credit Administrator, provide guidance and leadership to other Credit Administrators. Provide credit review and evaluation for assigned commercial borrowers in support of Bank’s credit activities. Ensure credit compliance with Bank regulatory credit specifications.
ESSENTIAL FUNCTIONS
- Work closely with Lending Teams including Team Managers and Portfolio Managers to review and evaluate proposed new and renewal extensions of credit for commercial borrowers paying particular attention to the quality and analysis of the credit presented.
- Approve proposed extensions of credit within authorized loan limits.
- Develop, through a collaborative effort with account officers, alternative strategies to address unusually complex or difficult lending situations.
- Prepare transaction summaries for extensions of credit requiring approval by the Bank’s Board of Directors (Credit Committee).
- Follow past due loans for ultimate repayment and assist in managing problem loan situations.
- Update monthly watch list report for assigned portfolio and ensure accurate risk ratings.
- Work as a resource and mentor to other Credit Administrators. As a mentor, the essential trait/quality expected is the willingness to share experience, impart wisdom and knowledge to others related to a variety of lending/credit/work-related situations.
- Provide guidance and leadership to new Credit Administrators to ensure they quickly become acclimated to the Bank’s culture and the specific job function.
- Provide guidance on credit issues including proper structuring, early detection of problem loans to Business Lending Units (i.e. Business Development Officers, Relationship Managers, Portfolio Managers, etc.) and Credit Analysis Department; and provide direction/coaching to enhance the lending staff knowledge of assessing credit risk, with the ultimate goal of protecting the interests of the Bank.
- Provide ongoing support when required to assist with the documentation of complex loan transactions and/or perform quality control reviews of loan files and/or loan documents.
- Provide training and mentorship to junior staff within various Lending Teams.
QUALIFICATIONS
Education:
- College graduate with major in related fields.
Experience:
- Minimum 7-10 or more years of CRE and commercial lending experience with at least 5-7 years in a credit approval function with a commercial bank preferred. Experience in specialty lending such as oil and gas, or subscription asset-based lending, cash flow lending, trade finance and international banking is a plus.
Skills/Ability:
- In-depth knowledge of CRE and commercial lending, with a focus on commercial construction and mortgage finance.
- Broad knowledge of regulatory requirements and standards applicable to commercial lending, commercial real estate and residential mortgage products.
- Superior credit analysis skills.
- Ability to develop strategies to manage problem real estate and commercial loans.
- Strong interpersonal communication and presentation skills.
- Demonstrated ability to work in a team-oriented environment and on a collaborative basis.
- Demonstrated ability to manage high-volume workflow.
- Desire to work in a dynamic and challenging environment characterized by sometimes changing priorities and short-term deadlines.
OTHER DETAILS
$145K – $250K / year
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.
Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).
Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our California Job Applicant Privacy Policy.
Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.
Click here to view the “Know Your Rights: Workplace Discrimination is Illegal” Poster:
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Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or [email protected]. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.
Skills Required
- College degree with a major in a related field
- 7–10 or more years of commercial real estate and commercial lending experience
- 5–7 years of experience in a credit approval function with a commercial bank
- In-depth knowledge of commercial real estate and commercial lending, including commercial construction and mortgage finance
- Knowledge of regulatory requirements for commercial lending, commercial real estate, and residential mortgage products
- Superior credit analysis skills
- Ability to develop strategies for managing problem real estate and commercial loans
- Strong interpersonal communication and presentation skills
- Ability to work collaboratively in a team-oriented environment
- Ability to manage high-volume workflow and changing priorities
- Experience in specialty lending, such as oil and gas, subscription asset-based lending, cash flow lending, trade finance, or international banking
Cathay Bank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Cathay Bank and has not been reviewed or approved by Cathay Bank.
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Healthcare Strength — Health coverage includes medical, dental, and vision with the employer covering a majority of premiums. Basic life and disability insurance are also provided.
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Retirement Support — A 401(k) with company match is available, with the match described as in line with many peer banks. Retirement planning support is also highlighted.
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Wellbeing & Lifestyle Benefits — An Employee Assistance Program and a structured wellness program with incentives are offered, alongside entertainment and bank‑fee discounts. External recognition highlights ongoing investment in well‑being and total rewards.
Cathay Bank Insights
What We Do
About us More than 60 years ago, we opened our doors at Cathay Bank to serve the growing Chinese American community in Los Angeles. We helped our clients put down new roots with cars and homes. We supported their businesses, which continue to sustain generations. We worked with them to cultivate communities united by a shared drive to create and build lives in Southern California. Over time, we’ve expanded along with our clients. Today, we’re a subsidiary of Cathay General Bancorp (NASDAQ: CATY), a publicly traded bank holding company that has grown to $20.9 billion in assets as of December 31, 2021. We operate in nine states across the United States, in California, New York, Washington, Illinois, Texas, Maryland, Massachusetts, Nevada, and New Jersey, and have outposts in Hong Kong, Beijing, Shanghai and Taipei. While the people we serve have evolved and changed, the spirit of what makes up our clients remain the same. Everyone believes in the power of initiative and perseverance. Each aims to achieve what’s possible. All strive to live their best lives. And we’re happy to work alongside them – providing the tools and services to get them where they want to go. Member FDIC Equal Housing Lender
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