What are the responsibilities and job description for the Full Time Commercial Loan Officer, Lending Department position at First Arkansas Bank and Trust?
General Description
Makes and services a variety of secured and unsecured loans or lines of credit. Provides other customer services as may be required. Cross sells bank products and services.
Essential Duties and Responsibilities
1. Makes and services loans under standard procedures based on bank policies and federal regulations.
2. Interviews loan customers; Obtains and analyzes necessary financial information; performs credit checks; prepares loan documentation.
3. Makes decisions on loan and terms within own authority, or recommends loan to superior officer or loan committee.
4. Conducts regular reviews of current loans, watches for any potential problems.
5. Monitors loan repayment activities and past due accounts; initiates collection action as necessary.
6. Corrects credit and/or loan documentation exceptions and collateral deficiencies.
7. Calls on potential and existing customers as part of bank's business development activities; services existing loans; cross sells bank products and services.
8. Voting member of Loan Committee.
9. Participates in community affairs as a representative of the bank.
10. Must maintain current NMLS SAFE Act Registration or have the ability to be registered within 30 days of employment as a loan officer.
11. Work with third party service providers, such as attorneys, title companies, and other vendors.
12. May make on-site inspections of construction in progress or perform floor plan audits.
13. Stays abreast of regulator changes affecting lending.
14. Provide underwriting review for consumer loans on Decision Pro.
15. Conduct loan underwriting and small business consultations and training with Branch staff.
16. Perform any other related duties as required or assigned.
Physical Demands
Physical Activities
- Stand: Occasionally
- Walk: Occasionally
- Sit: Regularly
- Use hands to finger, handle, or feel: Regularly
- Reach with hands and arms: Occasionally
- Climb or balance: Never
- Stoop, kneel, crouch, or crawl: Never
- Talk or hear: Continuously
- Taste or smell: Never
Weight Lifted
- Up to 10 pounds: Never
- Up to 25 pounds: Occasionally
- Up to 50 pounds: Never
- Up to 100 pounds: Never
- More than 100 pounds: Never
Vision requirements
- Close vision (use of a computer, equipment, or any other work duties that require clear vision within two feet or less).
- Color vision (interpreting color software screens or reports; work duties that require the ability to identify and distinguish colors).
- Physical Demand: SEMI-REPETITIVE, LOW PHYSICAL: SEMI-REPETITIVE type work which requires PERIODS OF CONCENTRATION FOR VARIED TIME CYCLES as prescribed by the tasks.
Additional Information
Core Competencies / Additional Info
Understands and adheres to all compliance issues, attends training as required and related to this position, including but not limited to the Bank Secrecy Act, Privacy Act, US Patriot Act, and Security. Must have knowledge of Fair Credit Reporting Act, Truth in Lending (Reg Z) and Fair Lending Policy.
Yet More Additional Info
Experience
Required- Minimum of four years experience in loan origination, finance, lending or similar role required
- Must have excellent verbal and written communication skills.
- Must have a high level of attention to detail.
Education
Required- High School or better
- Bachelors or better in Business Administration or related field
Licenses & Certifications
Required- NMLS Registration
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.