What are the responsibilities and job description for the Commercial Loan Officer position at First Federal Bank of Wisconsin?
Description
The Commercial Loan Officer will be responsible for developing new loan business, as well as maintaining and servicing an existing portfolio. Also, he/she will represent the bank in the local community through active participation in community affairs and by marketing all of the bank’s products and services.
Requirements
PRIMARY RESPONSIBILITIES
May Perform Any Or All Of The Following Duties
The Commercial Loan Officer will be responsible for developing new loan business, as well as maintaining and servicing an existing portfolio. Also, he/she will represent the bank in the local community through active participation in community affairs and by marketing all of the bank’s products and services.
Requirements
PRIMARY RESPONSIBILITIES
May Perform Any Or All Of The Following Duties
- Generate commercial loans and fee income while properly managing the risk of the loan portfolio in accordance with bank policy, procedures, and complying with regulations.
- Service credit needs of customers and prospects; obtaining financial and other information; analyze credits; recommend approval to senior management or the credit committee where required; and negotiate terms and conditions such as rates, collateral, guarantees, loan agreements, and other documentation.
- Generate deposits and assist in the sale of other bank products and services.
- Proactive loan portfolio management to ensure minimum risk of loss on all loans.
- Act as financial consultant to customers and prospects which require maintenance of technical knowledge.
- Responsible to manage and grow commercial and public deposit base as directed. Solicit the business of new and established customers.
- Acts as a relationship manager for customers ensuring customer satisfaction and the resolution of service problems.
- Maintain product and selling knowledge to generate credit, deposit, and fee business.
- Monitor the quality of book of loans and credit accounts. Maintain a well-mixed book of business while maintaining diversification and monitoring financial risk. Complete credit pool analysis.
- Responsible for preparation of appropriate action plans as assigned.
- Analyze and decision commercial loans promptly upon completion of the analysis.
- Understand and comply with bank policy, laws, and regulations.
- Applies on-going supervision and review of the credit until ultimate collection or loan payoff.
- Monitor/mentor junior leaders as needed.
- Other duties as assigned.
- Follow and enforce First Federal Bank of Wisconsin policies and procedures.
- Follow and enforce all state and federal banking regulations.
- 4 year degree in Accounting, Finance, Business Administration or equivalent experience.