Commercial Loan Officer (AVP depending on experience)
About The Position
At Devon Bank, we believe that if you take care of your community, your community will take care of you. We are a full-service community bank located in one of the most diverse areas in the country. Our mission has always been to be the bank that the neighborhood needs—to tailor its service offerings to the particular wants of the community. This means that in addition to offering business and personal banking, commercial, real estate and mortgage loans, trust and international services, electronic banking services from online banking and bill pay to ATM/Debit Cards and Mobile Banking, we also offer customized products, such as faith-based financing. Summary: Commercial Loan Officers solicit new commercial business, examine, evaluate, and recommend approval of customer applications for commercial loans as well as manage an ongoing portfolio of commercial loans.
Requirements
- College Diploma or professional level accounting and/or finance course work (college degree in business-related subject preferred). Basic experience: one year experience as a Loan Officer/Loan Officer trainee in a commercial bank.
- AVP Level: Minimum of two years’ experience as a Loan Officer in a commercial bank.
Responsibilities
- Identifies and analyze potential loan markets to develop prospects for commercial loans.
- Solicit new commercial customers and new loans from existing customers through development of a referral network and through direct calling.
- Interviews applicant and request specified information pertinent to loan application.
- Analyze applicant’s financial status, credit, and as appropriate, collateral feasibility of granting loan or submits application to credit analyst for verification and recommendation.
- Correspond with or interviews applicant to resolve questions regarding application information.
- Prepares Term Sheets for loan structure with applicants, including interest rates, fees, loan repayment options and other credit terms.
- Works with Credit Department to compile Loan Presentations
- Presents Loans to appropriate Loan Committees for approval
- Works with Documentation Department to prepare Loan Documents
- Ensure loan agreements are completed and accurate to industry practice and policy.
- Assures timely loan closing and funding activities.
- Monitors loan payments, financial performance and collateral position of borrower in commercial loan portfolio.
- Requests and Collects Financial information from Borrowers as per required by Loan Agreements
- Visit each commercial customer’s principal place of business or primary properties on a regular basis (at a minimum or annually).
- Becomes familiar with all aspects of Devon Bank Loan Policy and complies with its provisions.
- Recommends and implements appropriate changes to established policies and procedures.
- Promotes and cross-sells other products and services as appropriate to customer requirements.
- Provide loan data to support marketing and sales promotion programs.
- Additional Duties and Responsibilities as assigned
Benefits
- Life Insurance, short- and long-term disability fully paid by Devon Bank
- Medical, Dental, Vision and 401k with employer match
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
Number of Employees
11-50 employees
