Commercial Loan Officer III - Hattiesburg, MS

Southern Bancorp • Hattiesburg, MS

3d • Onsite

About The Position

Southern Bancorp is a different kind of bank. As a Community Development Financial Institution (CDFI), a special certification designated for institutions that serve predominantly underserved communities, Southern Bancorp combines traditional banking and lending services with financial development tools and public policy advocacy to help families and communities grow stronger. Inspired by the principle that building net worth drives economic opportunity, our mission is to be wealth builders for everyone in the communities we serve, with a focus on low-wealth and un(der)banked populations, as well as an emphasis on Black and Brown individuals.

Requirements

• Bachelor's degree in business, accounting, finance or related field or equivalent combination of education and banking experience is required or equivalent combination of related education and experience
• Six years of commercial lending experience including developing and maintaining loan portfolio.
• Knowledge of regulatory requirements governing commercial lending.
• Demonstrated proficiency in banking compliance issues is required.
• Demonstrated proficiency in real estate and new construction lending is required.
• Ability to effectively communicate with employees and customers.
• Ability to achieve loan portfolio goals, establish business relationships and maintain client satisfaction.
• Must possess and maintain current and valid driver’s license and a vehicle with appropriate insurance coverage.

Responsibilities

• Maintain a thorough understanding of the loan policy and procedure statement and comply with all provisions.
• Assist commercial loan customers with the loan application process and ensure the confidentiality of all information provided by applicants.
• Perform thorough analysis of proposed loan feasibility by analyzing customer’s financial records, cash flow, collateral valuation and credit history. Understand and document the specific purposes of the loan, the source and plan of repayment, and all back-up sources of repayment.
• Decline or approve loan requests based on sound analysis and bank loan policy.
• Prepare detailed and organized loan proposals/credit memorandums for all loan approvals. Communicate with customer for additional information as necessary and when loan decisions are final.
• Make loan referrals to Southern affiliates when appropriate.
• Complete loan set up sheet for loan documentation staff and assist in obtaining necessary documentation for loan closing.
• Review and approve loan closing papers.
• Achieve and maintain required loan portfolio balance and yield as directed by Senior Management.
• Service loans as needed including making site visits to loan customers to periodically evaluate collateral, checking floor plan loan inventory, and reviewing loan agreement covenants to verify borrower compliance. Monitor loans for credit risk changes and manage past due loan payments, including pursuing collection of past due and charged off loans.
• Review NSF list and approve customer overdrafts.
• Review and approve general ledger entries.
• Supervise loan assistant and/or junior commercial loan officers.
• Develop new business, maintain professional network, and establish favorable presence in local community by participating in civic organizations and community activities.
• Participate in a team effort to cross-sell bank and affiliate products and services.
• Perform any other related duties as assigned.

Benefits

• 401(k)/Roth plan with immediate eligibility and employer match up to 6%
• Employee stock ownership plan
• Discounted rate on primary home mortgage
• Credit and housing counseling as well as free financial education tools available to customers and employees
• Two medical plans available – low-deductible PPO plan or HDHP with Health Savings Account
• Dental and vision insurance
• Employer paid life insurance, and short- and long-term disability coverage
• Retirement plan with generous company match and employee stock purchase option
• Voluntary life insurance options for employee, spouse, and children
• Paid holidays and paid time off
• Bonus plan
• Opportunity for merit raises
• Employee reward and recognition programs
• Community service opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Senior