Commercial Loan Officer

First Federal Savings Bank • Burley, ID

2d

About The Position

The Commercial Loan Officer develops business customer relationships for loans, deposits, and other business banking services, while managing customer accounts and commercial loan portfolios. The role supports sound credit quality and complete loan documentation, manages large or complex commercial loans, and advises customers on financing options and strategies.

The officer evaluates loan requests and approves or denies them within lending limits, or recommends decisions to management. Responsibilities also include negotiating credit terms, supporting competitive interest rate structures, monitoring laws and economic conditions affecting lending, contributing to loan development programs, and identifying workflow improvements. The position also involves business development, community participation, relationship-building with internal and external referral sources, and promoting the bank within the community.

Requirements

• Associate degree in business, accounting, or finance.
• Two years of experience in commercial lending or a closely related role.

Nice To Haves

• Three years of experience as a Business/Commercial Banking Officer.

Responsibilities

• Develop new business customer relationships for loan, deposit, and other business banking services.
• Develop internal and external referral sources through centers of influence, bank events, and community activities.
• Promote a favorable image of the bank through business activities in the community.
• Maintain relationships with branch managers and staff to support teamwork and successful delivery and cross-referrals of products and services.
• Actively manage customer account relationships.
• Manage customer portfolios to maintain appropriate loan documentation and credit quality and retain desirable customer relationships.
• Manage large or complex commercial loans.
• Counsel loan customers on financing options and strategies when needed.
• Participate in new loan development programs and implement improvements or additions.
• Maintain and enhance information on local, regional, and national economic conditions and other factors that may affect the bank’s lending activities.
• Evaluate potential customer loan requests and approve or deny loans within lending limits, or make recommendations to management.
• Negotiate credit terms, including costs, repayment methods, and collateral specifications.
• Provide input on maintaining an interest rate structure consistent with bank policies and procedures and competitive with market rates.
• Review laws and regulations affecting business lending and make recommendations to management when necessary.
• Perform assigned business development activities, including identifying and contacting prospects.
• Assist potential customers with questions and with details and paperwork needed to establish accounts and complete loan files.
• Assess Commercial Lending Department workflows and identify or recommend improvements.

Benefits

• Paid vacation, sick leave, and holidays.
• Health, dental, and vision insurance.
• 401(k) retirement plan.
• Educational assistance.
• Life insurance.
• Long-term disability insurance.
• Paid community service hours.
• Participation in the Pay-It-Forward program.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree