1 Loan Officer Job in Huntsville, AR
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Bank of 1889 is Hiring a Loan Officer Near Huntsville, AR
Loan Officer
Responsibilities/Duties
- Responsible for managing a loan portfolio consisting of consumer, commercial, agriculture and real estate loans. Includes developing business and new banking relationships.
- Ability to analyze financial information in order to ascertain the borrower’s needs and the ability of the bank to meet these needs within the constraints of safe and sound banking. This includes ability to prepare credit analyses and cash flow analyses.
- Responsible for maintaining loan quality which includes obtaining current and timely financial information and analyzing same for changing trends, minimizing collateral exceptions including appropriate insurance, collateral perfection, monitoring and valuation.
- Responsible providing exceptional customer service in a professional manner.
- Knowledge and the ability to market the banks secondary market program. This also includes loan servicing and compliance with the investor’s guidelines and programs along with the responsibility of collection efforts in the portfolio.
- Ability to prepare loan information packets for review by the bank’s directors in a concise and complete manner. Provide accurate representation of the strengths and weaknesses of the credit proposal to assist directors in making decisions.
- Complies with bank policies and appropriate laws and regulations. This includes a clear understanding of bank documents and collateral perfection.
- Responsible for collection efforts in the portfolio including making calls to customers as needed when payments are untimely, provide recommendations to the CCO for legal actions when customer does not meet demands and review of the relationship to ensure that information is correct and accurate before referring to an attorney for collection efforts.
- Responsible for handling problem loans situations as necessary. Required to establish action plans to reduce or minimize risk of principal loss to the bank.
- Responsible for assignment of appropriate risk ratings to loans and recommending changes to the appropriate approval authority.
Required Skills
- Strong analytical and accounting skills. Ability to assess financial situations and make decisions related to them.
- Ability to work well with customers and prospects in both banking and social situations.
- Ability to represent the bank in a professional manner.
- Ability to self motivate and manage time.
- Ability to work with details.
Required Education
- College Degree preferred. Time in position of 5 years can be substituted for a degree if experience is related to the complexity of this position.
Job Summary
Full Time
$51k-69k (estimate)
06/23/2023
05/14/2024
The job skills required for Loan Officer include Customer Service, etc. Having related job skills and expertise will give you an advantage when applying to be a Loan Officer. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Loan Officer. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Loan Officer positions, which can be used as a reference in future career path planning. As a Loan Officer, it can be promoted into senior positions as a Mortgage Loan Officer III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Loan Officer. You can explore the career advancement for a Loan Officer below and select your interested title to get hiring information.
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