Commercial Loan Officer

First United Bank•Dallas, TX

9d•Onsite

About The Position

First United is seeking a Commercial Loan Officer to join their team. This position is responsible for developing new business through the underwriting, structuring, and closing commercial loans, as well as maintaining and servicing an existing portfolio. The role involves acquiring, expanding, and retaining commercial relationships through a proactive calling strategy, cross-selling ancillary products and services, and analyzing credit history to determine loan repayment capabilities. The Commercial Loan Officer will also negotiate credit terms, develop interest rate structures, evaluate customer loan requests, and manage daily overdrafts. Additionally, this role requires staying updated on new laws and regulations affecting business lending, providing training to new officers, developing new customer prospects, and representing the bank in the community.

Requirements

Bachelor’s degree in business, finance, or accounting preferred.
Minimum of three years of experience in commercial banking.
Extensive knowledge of commercial lending policies and procedures.
Extensive knowledge of lending services and related areas.
Business development experience.
Exceptional customer service skills.
Good problem-solving and decision making skills.
Demonstrates good judgment.
Strong interpersonal skills and ability to work well with a wide range of people.
Ability to communicate well with customers by all means of communication including written, verbal, and non-verbal communication.
Willingness to accept additional responsibilities.
Dependable and adheres to time lines and schedules.
Takes initiative in development and completion of projects.

Responsibilities

Acquisition, expansion and retention of commercial relationships using a proactive calling strategy.
Cross-sell ancillary products and services of the bank.
Analyzes credit history of applicants and determines loan repayment capabilities.
Negotiates credit terms, such as costs, loan repayment methods and collateral specifications.
Develops and maintains interest rate structure to be consistent with financial institution policies and procedures, and to be competitive with current market rates.
Evaluates potential customer loan requests and makes loan recommendations to management.
Daily review, approval, and disposition of commercial overdrafts.
Reviews new laws and regulations that influence business lending within the financial institution and makes recommendations to management when necessary.
Provides assistance and recommends training for new commercial loan officers.
Develops new customer prospects and business for First United.
Represents the bank in the local community through active participation in community affairs.
Handles customer complaints and escalates issues as needed.
Maintains cleanliness in and around work station.
Recommends to supervisor possible methods to improve department.
Completes all required compliance exams on a yearly basis.
Adherence to all First United Policies and Procedures.
Dresses professionally.
Other duties as assigned by supervisor.