What are the responsibilities and job description for the Loan Officer (SBA/Commercial) position at Global One Bank?
Position Summary:
The SBA/Commercial Loan Officer evaluates the financial strength of prospective borrowers, analyzes risk factors, and prepares credit recommendations in compliance with Bank policies and SBA guidelines.
Responsibilities:
- Review loan applications and prepare required needs checklists.
- Communicate with clients regarding outstanding items or underwriting issues.
- Spread financial statements and prepare detailed credit analyses.
- Identify strengths, weaknesses, and potential exceptions.
- Prepare credit memos and present loans for approval.
- Prepare addendums as needed post‑approval.
- Perform additional duties as assigned.
Requirements:
- Bachelor’s degree in finance/accounting preferred but not required.
- 3–5 years experience in commercial or SBA underwriting.
- Strong analytical and communication skills.
- Ability to work independently and collaboratively.