Commercial Loan Officer

Overview

Reports To: Varies by location

 

Functions Supervised: None

 

Primary Functions: Responsible for developing new business, structuring, underwriting, and closing of business and commercial loans, as well as monitoring and maintaining a loan portfolio.

 

Duties and Responsibilities:

 

Meet with business members and prospective business members to promote the credit union's commercial loan services and solicit new business.

Interview prospective borrowers and request necessary information to process loan requests.

Analyze applicant's financial status, credit, and evaluate collateral to determine feasibility of loan approval.

Negotiate loan structure with prospective borrower, including fees, loan repayment terms and other credit terms.

Underwrite credit requests taking into consideration applicable policies, procedures, guidelines and analyzed risk and present processed applications to appropriate approval authorities within the credit union as required.

Assist members with inquiries and information requests and resolve issues relating to loan products and services offered.

Promote and cross-sell other products and services as appropriate.

Monitor loan portfolio to ensure proper management of risk ratings, compliance with loan covenants and early identification of potential problems. Participate in collection efforts as necessary.

Participate in the credit union's business development activities, represent the credit union in industry and professional associations, community organizations, local business groups, etc.

Perform other duties as assigned.

Qualifications

Education: Bachelor's degree in finance, business or economics.

 

Creditable Experience in Lieu of Education: Minimum five years of commercial lending experience.

 

Experience/Skills: Strong oral and written communication skills. Ability to read, analyze, and interpret common scientific and technical journals, financial reports, tax returns and legal documents. Ability to respond to inquires or issues from members, regulatory agencies, or business community participants. PC proficiency in Microsoft Office Suite. Sales oriented personality preferred.

 

Tenure: Assignment to the Commercial Loan Officer (Category 07) position or the Senior Commercial Loan Officer (Category 06) position will be determined by the candidate's education and/or experience. Advancement requires management recommendation and will be based on the candidate's performance.

Compensation

Starting base salary will be determined based on candidate experience, qualifications, education, and applicable local or state wage requirements, and will fall within the range provided below. In accordance with our Salary Administration policy, new hire base salaries generally fall between the minimum and midpoint of the listed range.

Salary Pay Range: 07

$90,389 - $152,718 annually

Benefits

• Short-term and long-term incentives
• Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
• 401(k) plan with a 5% match
• Employee Assistance Program (EAP)
• Life and disability coverage
• Voluntary cash benefits for accident, hospitalization and critical illness
• Tuition Reimbursement
• Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
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Equal Opportunity Employer