Loan Officer

Farm Credit of Southern Colorado (FCSC) is seeking a Loan Officer to join our team. The chosen candidate will be responsible for developing and maintaining relationships with borrowers, servicing financial loans, initiating loan origination and servicing processes, and reviewing credit write-ups, decisions, and loan actions within individual and team authority levels. 

This position is full time, working approximately 40 hours a week, and is benefits eligible. Occasional travel may be required to sufficiently support other locations within territory.

Organizational Information

At Farm Credit of Southern Colorado, we believe in creating a culture where teammates enjoy coming to work and feel included. We live this every day by enacting our FIRST principles, Fun, Integrity, Respect, Service, and Trust. Our commitment to our employees has earned Farm Credit of Southern Colorado recognition by the Colorado Springs Gazette a Best Place to Work for the past 4 years.

As one of the Farm Credit System’s associations, Farm Credit of Southern Colorado is a robust organization serving its member/owners in 31 counties throughout Southern Colorado. With over $1.6 billion in assets, Farm Credit of Southern Colorado’s approximately 100 staff members bring strength to its shareholders and communities. Farm Credit of Southern Colorado is a member-owned cooperative that provides a wide range of financial products and risk management services for agricultural producers, agribusinesses, landowners and rural homeowners.

Today, the Farm Credit System is one of the strongest, most financially sound lending institutions in the U.S. Its 59 institutions serve our country’s farmers and ranchers, rural America, and agribusiness. 

Position Summary:

The Loan Officer I develops and maintains relationships with borrowers, identifies financial tools which provide value to borrower’s business, gathers complete loan applications, initiates loan origination and servicing processes, reviews credit write-ups, decisions, and loan actions within individual and team authority levels, and services financial loans. 

Responsibilities:

Marketing and Relationship Management

• Creates and maintains relationships with borrowers
• Identifies opportunities to create new relationships
• Communicates value of Association products and services to new and existing borrowers
• Hosts events for new and existing borrowers
• Attends conferences and events to market to new and existing borrowers

Loan Origination and Renewals

• Interviews and gathers application information from borrowers
• Initiates origination and servicing processes in loan software
• Enters customer information, loan details and financial information into loan software
• Delegates work to Credit Support Specialists
• Collaborates with supervisor and peers to discuss options available for borrowers
• Contacts external parties to finalize details for loan closing
• Orders and reviews appraisals
• Informs borrowers of loan decisions

Credit Analysis

• Verifies completeness and accuracy of loan package and financial information presented by borrowers
• Reviews financial analysis and credit write-ups
• Identifies risk rating
• Approves loans within individual and team authority levels
• Refers loans outside credit authority levels to the Central Loan Committee

Loan Closing

• Reviews loan documents prior to closing
• Administers loan closings to ensure complete execution of loan documents
• Delivers executed documents to Operations Team

Portfolio Monitoring and Servicing

• Monitors loan portfolio for customer delinquency
• Addresses loan delinquency according to established policy and procedure
• Responds to customer requests and questions related to loans
• Collects annual financial information and initiates annual financial reviews
• Evaluates borrower collateral/chattel annually
• Approves servicing actions within delegated authority

Chattel Evaluations

• Inspects and evaluates collateral to identify condition, accessibility and marketability
• Researches comparable sales
• Documents findings
• Coordinates chattel inspections & appraisals with Appraisal department

Education

• Completes continuing education related to credit philosophies, policies and procedures, and regulations
• Completes training regarding Association or software/hardware changes

Minimum Qualifying Characteristics:

·        Bachelor’s degree in agriculture, business administration, finance, accounting or related field, or an equivalent combination of education and experience sufficient to perform the essential functions of the job

·        Driver’s license required

·        General knowledge of agricultural operations

·        General knowledge of agricultural markets

·        General knowledge of financial statements and mathematical concepts

·        Working knowledge of accounting principles, practices and methods

·        Working knowledge of Word/Excel/PowerPoint/Outlook sufficient to create, update and save basic documents        

·        Skill in oral and written communication, sufficient to exchange information effectively with peers, supervisor and borrowers

·        Skill in establishing and maintaining productive relationships within and outside of organizations

·        Skill in gathering, compiling and organizing information

·        Skill in listening closely to understand the speaker’s intent

·        Skill in interacting and working effectively with others

·        Skill in focusing and concentrating on details

·        Skill in applying processes and procedures to factual data to make a logical decision

·        Skill in reasoning persuasively

Farm Credit of Southern Colorado is an Equal Opportunity Employer dedicated to diversity in the workplace and offers a great work environment. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, national origin, disability, or protected veteran status.

The following information is disclosed in compliance with the Colorado Equal Pay for Equal Work Act. Similar positions applied for outside of Colorado will not necessarily receive the same compensation.

Salary Range: $75,000-$120,000. Seniority and accompanying compensation will be dependent upon level of experience and knowledge.

This range is a good-faith and reasonable estimate of the range of possible compensation at the time of this posting. Actual salaries could vary and may be above or below the range as permitted by Colorado Equal Pay Transparency Rule 4.1.2. Variation is based on various factors including but not limited to location, qualifications, experience, operational needs and other considerations permitted by law. In compliance with the Colorado Equal Pay for Equal Work Act, a potential new employee’s salary history will not be used in compensation decisions. In addition, benefits for this position include medical, dental, vision and life insurance, 401k, tax advantage accounts, paid vacation, sick leave and parental leave. 

FINAL DATE FOR APPLICATION: Until the position is filled.