Commercial Loan Officer
About The Position
The Commercial Loan Officer solicits and services a variety of commercial loans and interviews applicants, obtaining and reviewing required financial information. The role builds a visible reputation as the Bank’s commercial lending expert and generates quality commercial loans that meet the Bank’s loan policies. The officer evaluates loan requests, reviews financial, credit, and collateral information, determines viability and appropriate loan structure, negotiates terms consistent with customer needs and the Bank’s asset quality standards, and manages an assigned loan portfolio. The role also supports portfolio management, underwriting, loan documentation, collections, business development, customer and referral relationships, community representation, and regulatory compliance. The position requires at least 75% daytime travel between offices, bank branches, and customers’ locations.
Requirements
- At least 5 years of experience in commercial lending.
- Knowledge of loan products, lending compliance, and regulations.
- Experience with commercial lending department functions and procedures.
- Knowledge of commercial loan underwriting requirements.
- Excellent verbal and written communication skills.
- Strong business acumen, analytical skills, attention to detail, and sound decision-making.
- Demonstrated ethical conduct and financial management.
- Demonstration of the Bank’s Core Values of Kindness, Integrity, Community, Teamwork, and Excellence.
Nice To Haves
- Bachelor’s degree in Business Administration with a concentration in Finance, Economics, or Accounting.
Responsibilities
- Approve or deny loans within established limits and present loans to the Loan Committee.
- Originate commercial loans in line with the Bank’s goals and objectives.
- Perform initial collection efforts on an assigned loan portfolio.
- Provide recommendations for portfolio management, loan structuring, and underwriting.
- Review and assist in preparing Credit Proposals.
- Prepare commercial loan documentation in conformity with loan approvals.
- Call on prospective and existing clients to develop business and nurture lending and deposit relationships.
- Foster relationships with centers of influence to create referral sources.
- Meet with customers’ senior management and visit customer facilities to understand their businesses.
- Evaluate prospective loan requests and review financial, credit, and collateral information to assess viability and determine appropriate loan structures.
- Negotiate loan terms that reflect customer needs and the Bank’s asset quality standards.
- Manage an assigned loan portfolio by reviewing customers’ financial status and ongoing operations.
- Maintain a credit file for each customer, including financial data, correspondence, and other pertinent documents.
- Develop workout programs when appropriate.
- Work with outside legal counsel to ensure proper documentation for new and existing loans.
- Represent the Bank in community and industry-related activities.
- Maintain knowledge of regulatory compliance and developments for the assigned area.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
