Business Loan Officer

Vermont Federal Credit Union•Rutland, VT

1d•Onsite

About The Position

Vermont Federal Credit Union is recruiting for a Business Loan Officer out of our Rutland Location. This role involves working with branch employees and business owners to generate business loans, deposits, and services from current and potential members. The officer will prepare credit analyses, assess business viability, and manage the closing of business loans. Additionally, the role includes participating in community involvement activities and performing ongoing portfolio management.

Requirements

Bachelor’s degree.
Minimum of 3 years business lending experience.
Credit skills including loan structuring and financial statement analysis as it relates to small business.

Responsibilities

Work with branch employees and business owners to generate business loans, deposits, and services from current and potential members.
Prepare credit analyses for borrowing requests, analyzing historical and projected cash flow and assess business viability through interviews with business owners, review of loan application, and supporting financial documents.
Assess overall credit risk based on Vermont Federal’s credit policy and risk guidelines; including proper loan structuring and credit package preparation.
Conduct the closing of business loans including the review of documents.
Participating in community involvement activities to enhance Vermont Federal’s visibility, image and reputation.
Perform ongoing portfolio management through site visits, annual reviews and monitoring.
Work closely with the business lending support team to monitor collateral and other pending items.