About Company
The Commonwealth Bank of Australia (CBA) is one of the leading multinational banks, renowned for its comprehensive suite of integrated financial services, including retail, business, and institutional banking, funds management, superannuation, insurance, and diverse investment products. While primarily headquartered in Sydney, Australia, CBA maintains a robust global presence through strategic operations and partnerships, steadfastly committed to delivering superior financial solutions and nurturing strong community ties wherever we operate. Our core mission is to significantly enhance the financial wellbeing of our customers and the broader communities we serve, achieved through responsible banking practices, cutting-edge innovation, and exemplary service delivery. Joining CBA signifies becoming an integral part of a forward-thinking organization that profoundly values integrity, places the customer at the forefront, and champions the continuous professional growth of its dedicated employees. Although this particular role is based in Kailua, Hawaii, you will seamlessly integrate into a global team that upholds the identical high standards and unwavering commitment to excellence that universally define CBA. We are strategically expanding our local presence to better serve the unique and evolving financial needs of vibrant communities like Kailua, bringing our world-class expertise and global perspective to local markets.
Job Description
Are you an exceptionally analytical professional with a keen eye for detail and an unwavering passion for meticulous financial analysis? Commonwealth Bank of Australia is actively seeking a dedicated, highly skilled, and experienced Credit Officer to join our dynamic and growing team in the picturesque setting of Kailua, Hawaii. In this absolutely critical role, you will be instrumental in the precise assessment of credit risk, the thorough evaluation of intricate loan applications, and the confident making of informed decisions that align seamlessly with our robust credit policies and our carefully defined risk appetite. The successful Credit Officer will be entrusted with managing a diverse portfolio of clients, conducting comprehensive financial statement analysis, developing astute cash flow projections, and performing accurate collateral valuations to meticulously determine the creditworthiness of both individuals and businesses. This pivotal position demands a proactive and forward-thinking approach to identifying potential risks and opportunities, providing comprehensive and well-justified credit recommendations, and ensuring stringent compliance with all relevant regulatory requirements. You will work in close collaboration with relationship managers, valued clients, and various other crucial internal stakeholders to facilitate efficient, effective, and streamlined credit processes, thereby contributing directly and significantly to the bank’s sustained growth and overall stability. We are actively searching for an individual who not only thrives in a dynamic and fast-paced environment but also possesses exceptional communication skills and is unequivocally committed to delivering unparalleled service while meticulously maintaining the highest possible standards of financial integrity. This represents an exciting and unparalleled opportunity to profoundly contribute to the financial health and prosperity of our local community and to significantly advance your career within a globally recognized financial leader. We empower our employees to make impactful decisions and provide continuous learning opportunities to foster professional development and career progression.
Key Responsibilities
- Conduct in-depth financial analysis of loan applications, including comprehensive reviews of business and personal financial statements, tax returns, and detailed cash flow projections.
- Assess and effectively mitigate credit risk by thoroughly evaluating borrower capacity, capital, conditions, collateral, and character (the universally recognized 5 Cs of credit).
- Prepare detailed and well-structured credit memos and confidently present insightful recommendations to senior management and established credit committees.
- Ensure that all credit decisions scrupulously comply with internal policies, established procedures, and all relevant regulatory guidelines.
- Monitor existing loan portfolios rigorously for any signs of deterioration and proactively recommend appropriate and timely actions.
- Collaborate strategically with Relationship Managers to deeply understand client needs and to expertly structure appropriate and tailored credit solutions.
- Perform meticulous collateral valuation and comprehensive analysis to robustly support all lending decisions.
- Maintain accurate, highly organized, and meticulously documented credit files.
- Stay continuously informed of evolving industry trends, prevailing economic conditions, and any changes in credit regulations.
- Provide exceptional, responsive, and professional service to both internal and external stakeholders.
Required Skills
- Proven experience in credit analysis, underwriting, or a very similar financial role (minimum 2 years).
- Strong analytical and critical thinking skills with a demonstrated ability to problem-solve.
- Proficiency in financial modeling and commonly used analysis software.
- Excellent written and verbal communication skills, capable of conveying complex information clearly.
- Ability to accurately interpret complex financial data and draw sound, logical conclusions.
- High attention to detail and unwavering commitment to accuracy.
- Proficiency in Microsoft Office Suite, with advanced skills in Excel.
- Comprehensive understanding of credit risk management principles.
- Sound judgment and confident decision-making abilities.
Preferred Qualifications
- Bachelor's degree in Finance, Accounting, Economics, or a closely related quantitative field.
- Professional certifications such as Credit Risk Management (CRM) or Chartered Financial Analyst (CFA) candidacy.
- Direct experience with commercial lending and various complex loan products.
- In-depth knowledge of local Hawaii market economic conditions and business landscape.
- Familiarity with relevant banking regulations (e.g., SOX, Dodd-Frank, where applicable).
Perks & Benefits
- Competitive salary and attractive performance-based bonuses.
- Comprehensive health, dental, and vision insurance plans.
- 401(k) retirement plan with generous company matching contributions.
- Generous paid time off (PTO) and observed national holidays.
- Extensive opportunities for professional development and accelerated career advancement.
- Tuition reimbursement programs for continuous learning.
- Robust employee assistance program (EAP) for personal and professional support.
- Dynamic, inclusive, and highly supportive work environment.
- Meaningful community involvement and volunteer opportunities.
How to Apply
To apply for this exciting opportunity, please click on the application link below. Be sure to submit your resume and cover letter detailing your relevant experience and why you are a great fit for Commonwealth Bank of Australia. We look forward to reviewing your application!