What are the responsibilities and job description for the Commercial Loan Officer position at Beacon Credit Union?
Responsible for developing new business, screening, structuring and closing of commercial loans, as well as maintaining and servicing a commercial loan portfolio. Represent Beacon Credit Union in its market area through active participation in community affairs. Maintains a positive working relationship with members, credit union staff, local professionals, centers of influence, and community organizations.
- Interviews member loan applicants to collect information concerning business needs, earnings, and financial condition. Reviews member's relationship with Beacon Credit Union and explains loan and business services programs to members and evaluates their needs and recommends the appropriate options including cross selling Beacon services.
- Analyzes current financial position of members to determine the degree of risk involved in extending credit or lending money. Makes recommendations to approve, disapprove, or forward the loan request to higher levels for decision. Establishes the terms and conditions of an approved loan and reviews them with the member.
- Reviews all loan documents for completeness and accuracy and works with internal team members in engaging title companies and appraisers, and facilitating closing of loans.
- Keeps informed of current trends in commercial lending.
- Follows current loans to ensure compliance with terms and coordinates with collections as needed.
- Processes requests for release of collateral on existing loans, changes in loan terms, waivers of payments, due date change, etc.
- Performs other related duties as assigned.
Why Beacon?
At Beacon, you're more than just an employee. You're part of a supportive, values-driven community that truly cares. Whether you're drawn by our strong team culture, opportunities for growth in business and finance, or the chance to make a real difference in members' lives, Beacon offers a career with purpose. Our team loves helping people, solving problems, and building meaningful relationships, all while enjoying great benefits, a healthy work-life balance, and a positive, family-oriented environment. Join Beacon where people matter and every day is an opportunity to grow, serve, and thrive.