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Chief Credit Officer at FNBC Bank in Ash Flat, Arkansas

Posted in General Business 30+ days ago.

Type: Full-Time

Job Description:

FNBC Bank, with headquarters based in Ash Flat, Arkansas, has an immediate opening for an experienced Chief Credit Officer.  Although our home office is located in Ash Flat, the primary base work location for this position is flexible and may be based at any of our FNBC branch offices.

About FNBC Bank:  FNBC Bank, chartered in 1912 as the Bank of Ash Flat, is a $600+ million-asset community bank headquartered in Ash Flat, Arkansas. We are a progressive bank with a strategic emphasis on growth.  Additional office locations include Cherokee Village, Highland, Hardy, Mammoth Spring, Salem, Melbourne, Horseshoe Bend, Batesville, Mountain Home and Jonesboro.

Position Summary

Exercises risk management of the Bank’s loan portfolio, loan approvals workflow, loan documentation and credit risk management. Provides support and direction to lending staff and oversees loan policies and procedures to ensure the overall quality of the bank’s lending portfolio. Coordinates with the Special Assets team for oversight and collection of problem loans. Recommends and oversees the assignment of credit approval authorities and maintains ongoing control over the credit risk rating system. Coordinates with the Chief Lender in driving the credit culture and process that ensures a high quality, low risk loan portfolio. Oversees the CRA lending effort, and credit related compliance efforts. Takes a key role in the development of new credit products. Works closely with the loan production groups to ensure that credit decisions are made promptly, and credit policy is clearly communicated to facilitate good customer service. Coordinates the Bank’s credit underwriting, delinquency follow-up, and loan portfolio reporting to the Board of Directors and all appropriate regulatory agencies.

Essential Duties and Responsibilities include the following. Other duties may be assigned.

Credit Policy:

  • Develop loan policy and underwriting guidelines, subject to final approval, and communicate policy to all personnel involved in loan origination and portfolio monitoring and management.

  • Work with Pricing Committee in developing overall rate structure.

  • Develop and implement departmental operating policies, procedures, and agreements to ensure compliance with regulatory requirements. Ensure that deviations from policy are corrected and reported.

  • Resolves credit policy issues identified internally, by External Loan Vendors or Regulators.

Loan Portfolio Management and Oversight:

  • Monitor and manage the bank’s credit portfolio to maintain exceptional asset quality and minimize potential loan losses.

  • Chair of the Problem Loan Committee and oversight to the problem credits and delinquencies.

  • Exercise oversight and control risk in the Bank’s credit portfolio, maintain quality control over all parts of the credit risk management process. Monitor the credit portfolio through periodic reviews of all underlying data.

  • Maintains and enhances information base on local and national economics, as well as other concerns that would impact the financial institution’s lending activities. Monitor competition, detect unfilled borrower needs, and identify new product and lending opportunities.

  • Participate in the loan budgeting process, using financial metrics and other analytical tools to create the Bank’s short-term and long -term goals. Participate, with Senior Management Team, in the evaluation of projected company cash flow through the maintenance of a loan pipeline reports and loan payoff reports.

  • Reviews collection reports to a certain status of collections and balances outstanding and to evaluate effectiveness of current collection policies and procedures.

  • Establish and analyze financial metrics of the Bank’s loan portfolio for adherence to regulatory guidelines and analyze credit portfolios to pinpoint potential areas of weakness or concentrations that produce more than acceptable risk. Assist the management team in establishing financial metrics for the Bank’s loan portfolio for revenue enhancement, cost controls, loan pricing to guide bank management in improving earnings and in making strategic business decisions.

  • Audits delinquent accounts considered to be uncollectable to ensure maximum efforts have been taken before assigning bad debt status to account.

  • Works with the Special Asset Department on submitting delinquent accounts to attorney or outside agency for collection.

Leadership/Supervisory Responsibilities:

Provide Leadership and management to subordinate supervisors and staff in the Credit Areas.  Is responsible for the overall direction, coordination, and evaluation of the credit department. Carries out supervisory responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities include training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

Compensation and Benefits:

  • Competitive pay commensurate with education and experience.

  • 401(k) Plan with company match.

  • Employee health and dental coverage paid in full by FNBC.

  • Paid time off and paid holidays.

Background and Credit Checks:

Everyone hired for an FNBC Bank job undergoes a background check of his or her criminal and credit histories to ensure that all bank employees are reliable, trustworthy, of good conduct and character. This information is obtained to determine the applicant’s trustworthiness and reliability before granting him or her access to any financial information.


Bachelor’s degree (B.A.) from four-year college or university and five to seven years related experience and/or training; or equivalent combination of education and experience.

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