Commercial Loan Officer I

Role

Originates, manages, and supervises a portfolio of commercial loans, typically less than $20 MM, with the overall objective of maintaining and increasing its asset quality. Develops new and existing business relationships.

This position is the Member Ambassador for the financial institution with the overall purpose of providing quality and efficiency to members who prefer face-to-face interaction. This position will have a thorough understanding of the members’s transaction requirements and be able to effectively communicate all available options to them. They will educate members about our sales and service delivery options and refer the appropriate products and services matching the members needs. This position will also refer members to the appropriate source or channel to address their need. They will also be responsible for the processing the regular transactions, such as receiving and paying out money, and keeping records of money and negotiable instruments involved in financial transactions in an efficient, friendly and accurate manner. Provides personalized banking services to financial institution customers by performing the following duties.

Major Duties and Responsibilities

• Participates in developing lending and deposit business for the credit union.  Calls on clients to expand existing business;  calls on prospects seeking opportunities to expand the company's client base.
• Takes applications for commercial loan business.  Reviews member financial condition and assesses the member's ability to re-pay the loan.  Makes underwriting decisions within approval authority.  Completes or directs completion of all loan documents and closes loans. 
• With a good understanding of the credit union products/services and the member’s current relationship, offers information on products and services that can benefit the member and enhance their credit union relationship. Evaluates needs of potential members and offers appropriate financial products and services.
• Assists customers with any loan-related questions and concerns.  Assists in collection of past due loans. 
• 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.
•  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.

Experience

Six months to two years of similar or related experience, including preparatory experience

Education/Certifications/Licenses

High school education or GED

Interpersonal Skills

The ability to motivate or influence inside or outside senior level executives 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 dialogue, as well as a professional level of written communication skills are essential to the position.

Salary : $52,519 - $78,778