Commercial Loan Officer I

Centennial Bank • Little Rock, AR

226d

About The Position

The Commercial Loan Officer I is responsible for extending credit within the policies and guidelines set forth in the loan policy. Responsible for ensuring that all loan decisions, actions and recommendations are based on an accurate and thorough understanding of each customer's financial needs and conditions and comply with all laws, regulations and bank policy. Must properly administer the credit worthiness and documentation of all loans and/or borrowing relationships originated or assigned to the officer. Further, it is the officer's responsibility to maintain current credit files and proper note and collateral security documents.

Requirements

• Equivalent to a four year college degree.
• 5 years related experience and/or training.
• 19 to 23 months related management experience, or equivalent combination of education and experience.
• Broad knowledge of accounting, marketing, business administration, finance, etc.
• Ability to write reports, business correspondence, and policy/procedure manuals.
• Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
• Ability to work with mathematical concepts such as probability and statistical inference.
• Ability to solve practical problems and deal with a variety of known variables in situations where only limited standardization exists.
• Ability to interpret a variety of instructions furnished in written, oral, or diagram formats.

Nice To Haves

• College degree in general business, finance, economics or accounting.
• Five (5) years lending experience.
• Five (5) years experience with banking, investment, or economic analysis.
• Two (2) years experience using Microsoft Word and Excel.
• General computer skills.

Responsibilities

• Assigning the proper credit rating to loans as defined in this policy at origination and as conditions may change with the normal credit monitoring process.
• Recommending approval and administer workout programs for problem loans.
• Recommending approval and monitor levels of reserves established for loans serviced by the officer.
• Administering the collection process either internally or with bank counsel complying with all laws and regulations.
• Protecting depositors' funds and stockholders' equity.
• Generating earnings for the bank and its stockholders.
• Promoting and maintain a favorable image for the bank.
• Interviewing loan applicants and makes credit decisions.
• Responsible for developing new business and managing existing portfolio.
• Responsible for collecting past due loans, keeping credit and collateral exceptions within policy ranges.
• Manages a portfolio of loans and may coordinate collection efforts.

Benefits

• Somewhat disagreeable working conditions.
• Continuously exposed to one or two elements such as noise, intermittent standing, walking; and occasional pushing, carrying, or lifting.
• The noise level in the work environment is usually quiet.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree