What are the responsibilities and job description for the Commercial Loan Officer position at GREATER STATE BANK?
Position Description: Greater State Bank is looking for a Commercial Loan Officer. To join our growing team, please review the list of responsibilities and qualifications.
Commercial lenders provide loan decisions and/or credit recommendations based on a review of all underwriting criteria, including loan structure, collateral, interest rate, and fees within assigned loan authority.
Responsibilities
- Follow current loans to ensure conformity with terms and to develop knowledge of developing trends
- Identify customers’ banking needs and matching bank products and services
- Build effective relationships and trust with clients and potential clients by listening to and uncovering their needs and educating them about the bank products and services that are most appropriate for their situation
- Identifies business development opportunities with prospects or current customers
- Collects application documents and analyzes client’s financial condition
- Maintains current knowledge on banking and lending products, policies, procedures and regulatory requirements, market and industry activities and trends
- Evaluate potential transactions to determine quality of lending opportunities and appropriate transaction structure to mitigate risk and maximize return on investment
- Manage internal deal screening, risk analysis, pricing analysis and internal credit approval process
- Draft and negotiate term sheets, commitment letters and loan documents
- Support legal documentation and execution of new transactions
Skills/Qualifications
- Bachelor’s degree in business administration, finance, accounting, or related field OR 3 years prior experience in an equivalent field OR experience sufficient to perform the responsibilities as outlined above.
- Knowledge of financial statements and accounting practices.
- Excellent customer service and collection skills to handle situations which require assertiveness and discretion.
- Ability to collaborate with team members.
- Ability to listen to and recognize customer problems and determine a resolution.
- Excellent oral, written, organizational, and interpersonal communication skills.
- Knowledge of appropriate banking laws and regulations.
- Strong experience writing content.
- Time management skills & ability to meet deadlines.
- Some travel will be required.
- Community involvement.
- Work schedules are Monday - Friday (8am-6pm) varies and participation in Saturday rotation of 9:00am - 1:00pm.
- Bilingual preferred.
Physical Requirements
- Some lifting and moving may be required.
- Prolonged periods of sitting at a desk and working on a computer.
- Standing for a long period of time.
Education:
- Bachelor’s degree in business administration, finance, accounting, or related field OR 3 years prior experience in an equivalent field OR experience sufficient to perform the responsibilities as outlined above.
- This is a position with opportunities for growth and development in the dynamic field of Commercial lending.