Commercial Loan Officer III

Centennial Bank•Allen, TX

18h•Hybrid

About The Position

The Commercial Loan Officer III is responsible for extending credit within the policies and guidelines set forth in the loan policy and 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. This position must properly administer the creditworthiness 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. In addition, each officer shall be responsible for assigning the proper credit rating to loans, recommending approval and administering workout programs for problem loans, recommending approval and monitoring levels of reserves, administering the collection process, protecting depositors' funds and stockholders' equity, generating earnings for the bank, promoting and maintaining a favorable image for the bank, interviewing loan applicants and making credit decisions, developing new business and managing existing portfolio, collecting past due loans, and managing a portfolio of loans and coordinating collection efforts.

Requirements

Broad knowledge of such fields as accounting, marketing, business administration, finance, etc.
Equivalent to a four year college degree, plus 6 years related experience and/or training, and 5 years related management experience, or equivalent combination of education and experience.
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, and fundamentals of plane, algebra, solid geometry and trigonometry.
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.
Intermediate: Spreadsheet, Word Processing/Typing
Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.
Responsibilities may include but not limited to interviewing, hiring and training employees; planning, assigning and directing work; appraising performance, rewarding and disciplining employees; addressing complaints and resolving problems.
Supervises a small group (1-3) of employees in the same or lower classification.
Assigns and checks work; assists and instructs as required, but performs same work as those supervised, or closely related work, most of the time.
Content of the work supervised is of a non-technical nature and does not vary in complexity to any great degree.
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
Must have general computer skills
The ability to communicate using oral and written 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 administering workout programs for problem loans.
Recommending approval and monitoring 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 maintaining a favorable image for the bank.
Interviewing loan applicants and making credit decisions.
Developing new business and managing existing portfolio.
Collecting past due loans keeping credit and collateral exceptions within policy ranges.
Manages a portfolio of loans and may coordinate collection efforts.
Interviews commercial loan applicants.
Examines and evaluates applicant’s credit and financial history.
Examines/Views collateral (if applicable) to determine adequacy.
Authorizes or recommends approval/denial of applicant.
Approves loan within specified limits or refers to appropriate approval level.
Prepares loan offering memorandum.
Ensures all loan documents are complete, accurate and in accordance with policy.
Closes/Declines loans in a timely manner.
Monitors loan portfolio/performance.
Corresponds with customers.
Recommends changes in risk rating.
Collects past due loan payments.
Develops potential loan markets and loan prospects.
Completes required BSA/AML training and other compliance training as assigned.
The ability to work in a constant state of alertness and in a safe manner.
Perform any other related duties as required or assigned.