What are the responsibilities and job description for the Commercial Loan Officer position at The Friendship State Bank?
Job Title: Commercial Loan Officer Status: Exempt
Reports to: Chief Commercial Loan Officer
Summary: Interviews commercial loan applicants and makes credit decisions within established guidelines. Processes loan applications, prepares appropriate documentation, maintains customer relationships, manages a portfolio of commercial loans and may coordinate some collection efforts.
Essential Duties
- Interview loan applicants and complete loan applications
- Provide financial counseling to applicants
- Underwrite commercial credit applicants (direct, indirect and revolving)
- obtain and review credit history (bureaus)
- perform comprehensive tax return analysis
- verify information
- perfect liens
- collateral analysis and applied values
- loan policy exceptions to be addressed
- determine capacity of borrowers
- Make sound and justifiable credit decisions
- Prepare counter offers and loan denials
- Prepare and present applicable loans to the monthly directors’ loan committee
- Prepare proper documents for loan closing
- Close and fund loans
- Follow-up procedures such as lien perfections, collateral inspections
- Jointly review and concur commercial loans along with the responsible loan officer on all commercial loans $100,000 to $250,000
- 100% responsible for all commercial loans in excess of $250,000
- Assist the senior loan officer and review larger aggregate borrowers on an informal basis
- Follows all employment policies and procedures
Non-essential Duties
Other duties as assigned by management
Member of the Directors Loan Committee
Knowledge, Skills, and Abilities:
- Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals.
- Ability to write professional reports and correspondence.
- Ability to speak effectively before groups.
- Ability to calculate figures and amounts such as discounts, interest, and percentages.
- Ability to apply concepts of basic algebra and geometry.
- Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.
- Ability to deal with problems involving several concrete variables in standardized situations.
Training and Experience:
- Bachelor’s Degree (B.A.) from a four-year college or university; and
- Five to seven years related experience and/or training; or
- Equivalent combination of education and experience.
Conditions of Employment:
- Must travel as required.
- Must pass background check.
- Limited creditors insurance license
NOTE: Friendship State Bank reserves the right to modify, interpret, or apply this job description, as it desires. This job description in no way implies that these are the only duties, including essential duties, to be performed by the employee occupying this position. This job description is not an employment contract, implied or otherwise. The employment relationship remains “at-will”. The aforementioned job requirements may be changed to fulfill any obligation(s) to reasonably accommodate qualified individuals with disabilities.
Friendship State Bank
Summary of Physical, Sensory, and
Environmental Requirements
Needed to Perform Essential Job Duties
Job Title: Commercial Loan Officer
- Physical Requirements
- Lifting: Up to 20 pounds
- Carrying: Up to 20 pounds
- Pushing/Pulling: Up to 20 pounds
- Use of Equipment: Computers, telephones, calculators, office equipment
- Sitting: Frequently
- Standing: Frequently
- Walking: Frequently
- Bending: Occasionally
- Stooping: Rarely
- Crawling: Rarely
- Climbing: Rarely
- Reaching Above Head: Occasionally
- Grasping:
- One Hand: Frequently
- Both Hands: Occasionally
- Fine Manipulating
- One Hand: Rarely
- Two Hands: Rarely
- Environmental Requirements
- Exposed to Marked Changes in Temperature: Not at all
- Outside Work: Not at all
- Exposure to dust, fumes, odors, water, etc.: Not at all
- Exposure to biological, mechanical, electrical, and/or chemical hazards: Not at all
- Normal (Inside) Environment: Continuously
- Sensory Requirements
- Eyesight
- Normal/Corrected: Necessary continuously
- Close Eye Work: Necessary frequently
- Other: Necessary occasionally
- Hearing
- Normal Tones: Necessary continuously
- Soft Tones: Necessary occasionally
- Other: Necessary occasionally
- Distinguish smells: Not necessary
- Distinguish temperatures by:
- Touch: Not necessary
- Proximity: Not necessary
- Eyesight
Salary : $100,000 - $250,000