Commercial Loan Officer

Description

Commercial Loan Officer is responsible for business development in the community and surrounding area with emphasis on Commercial Lending. Develop and increase the portfolio of commercial and agricultural loans while adhering to high credit quality standards. Responsibilities also include maintaining an appropriate level of community involvement and visibility. Originates, manages, and supervises a portfolio of commercial loans, typically less than $20M, with the overall objective of maintaining and increasing portfolio asset quality.

Essential Functions: 

· Takes applications for commercial loan business. 

· Reviews customer financial condition and assesses the customer's ability to re-pay the loan. 

· Makes underwriting decisions within approval authority. 

· Completes or directs completion of all loan documents and closes loans.

· Participates in developing lending and deposit business. 

· Calls on clients to expand existing business; calls on prospects seeking opportunities to expand Sterling Federal’s client base. 

· Monitors existing loan portfolio to maintain a high-quality asset base. 

· Maintains up-to-date client files including current balance sheets, profit & loss statements, cash flow projections and all loan  documentation. 

· Assists in collection of past due loans.

· Assists customers with any loan-related questions and concerns.

· Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

· Completes ABA courses monthly as assigned

Education/Experience

· Bachelor’s degree in business, finance or other related field

· Five to ten years of similar or related experience, including time spent in preparatory positions.

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Competencies

The ability to motivate or influence internal or external senior level professionals is a critical part of the job, requiring a significant level of influence and trust. Obtaining cooperation and agreement on important

outcomes via frequently complex, senior level dialogues, as well as a professional level of written communication skills are essential to the position.

High level of interpersonal skills to interact with customers and potential customers in a professional manner.

Advanced analytical skills to conduct loan analysis and maintain loan’s progress in consideration of market trends, credit/interest rates, economic conditions and other factors.