Commercial Loan Officer

UW Credit Union • Madison, WI

1d

About The Position

UW Credit Union is seeking a talented professional to join our growing Commercial Lending team to manage and expand a commercial loan portfolio. The Commercial Loan Officer acquires lending and deposit relationships connected to multifamily (over 5 units) and 1–4-unit rental properties. The Commercial Loan Officer identifies and builds relationships to establish a continuous pool of new members and lending opportunities. They must possess and demonstrate sound financial analysis and underwriting competency when sourcing and reviewing lending opportunities to balance credit risk with loan pricing. In addition to bringing in new relationships and members to the credit union, they are expected to provide superior member service to existing and prospective relationships, and to act as a trusted advisor to members as it relates to financing and strategy for the member’s overall real estate portfolio. This includes collecting member and guarantor financial information in a timely manner to ensure underwriting for new loans can be quickly and efficiently completed and annual/periodic reviews are completed as scheduled for existing members. Maintaining a strong understanding of the UWCU Commercial Loan Policy and industry best practices will be required to ensure all policy and compliance requirements are met initially and throughout the life of the loan. Why work for UW Credit Union? Join one of Wisconsin’s premier financial institutions, a National Top Workplace and multi-year recipient of Madison Magazine’s Best Places to Work, Wisconsin State Journal’s Top Workplaces, and Milwaukee Journal Sentinel’s Top Workplaces to receive: 21.5 days of annual time off (accrued per pay period) 2 weeks paid caregiver leave 2.5 weeks paid new child parental leave 2 days paid volunteer time 10 paid holidays (including your birthday!) 401k company match of up to 5%, plus approximately 4% discretionary match Variable bonus reward Competitive Medical, Dental, and Vision plans, including domestic partner eligibility Employee Assistance Program And more!

Requirements

• Bachelor’s degree in finance, Accounting, Business management or related field required.
• 4-5 years direct experience as a Loan Officer or Portfolio Manager required.
• Credit Analyst experience required.
• Advanced exposure to commercial lending principles and best practices.
• Advanced understanding of commercial loan documents.
• Advanced exposure to commercial appraisals.
• Strong math and analytical skills.
• Strong ability to collaborate with others, and provide assistance when needed.
• Superior written communication.
• Strong attention to detail.
• Ability to maintain confidentiality.
• Proficiency to handle high-pressure situations and deliver within stated timelines.
• Problem-solving skills & capable to consistently operate with moderate to minimal guidance.
• Relationship building skills.

Nice To Haves

• Completion of a formal credit training program preferred.

Responsibilities

• Originate new IPL loans, while also acquiring deposits and other services
• Solicits new lending opportunities, and the accompanying deposits, connected to multifamily (5+ unit) and 1-4 unit rental properties. Will benefit from internal and branch referrals as well as new opportunities from the existing members that UWCU is already partnering with.
• Proficient in analyzing and interpreting financial statements of the subject property, together with guarantor financial information, to propose UWCU compliant loan. Able to quantify the connected credit risks and propose mitigating reasons or provisions.
• Collaborate with Credit Analysts and Loan Administrators in the collection of financial statements and due diligence for borrowers and guarantors.
• Strong analytical and people skills to negotiate favorable loan terms and pricing with borrowers that align with the credit risks prior to advancing into underwriting with the Credit Analysts.
• Perform site visits for new loans.
• Provide excellent communication with borrowers and members, both verbally and written, to collect financial documents and obtain answers to any underwriting questions that arise.
• Take ownership of the underwriting process and work jointly with Credit Analysts to prepare loan presentations within targeted completion
• Advance loan presentations through the approval process.
• Oversee loans getting processed from approval to closing, including: collection of any misc. information or documents needed, review of loan documents prior to closing, and coordinating the opening of any deposit accounts.
• Expected to have overall ownership and responsibility for each loan relationship assigned to them, along with ensuring initially quoted loan terms flow throw the underwriting process and are accurately presented within the executed loan documents.
• When needed, jointly work with Credit Analysts to prepare Watch List memos for loans risk rated 5 or higher.
• Meet deadlines throughout the loan prospecting through closing process.
• Assist lending staff in performing property specific research, pre-qualification assessment, completing prelim financial spreads and initial analysis of financial condition within framework of IPL loan policy.
• Expected to act as the primary point of contact for all client needs, inquiries, or Will bring in others within UWCU, as needed, to provide answers or resolve issues.
• May perform site visits for existing loans.
• Perform research on real estate metrics and data within the commercial real estate database.
• Work closely with Loan Administrators and Credit Analysts in the collection and verification of documents provided associated with ticklers and the Annual Review process.
• Together with Credit Analysts, prepare Annual Review loan presentations within required timeframes.
• Demonstrate excellent customer service skills when interacting with members and internal partners.
• Maintain consistent dialogue and interactions with all clients they are assigned to ensure relationship with UWCU remains strong.
• Interact with Department Leadership and other IPL staff to assist with special projects as needed.
• Help the Director of IPL Operations and Loan Administrators prepare for internal or external audits and exams.
• Interact with other departments internally to build relationships and help increase understanding of IPL loans and the department.
• Review referrals from other UWCU departments in a timely manner, as well as respond to external loan inquiries, or requests for departmental information.
• Employee development and growth through internal and external learning of sales, credit/ underwriting or compliance topics and trainings.
• May be asked to complete various sales prospecting or commercial underwriting training modules or certification courses.
• Maintain understanding and competency of IPL Loan Policy and other industry best practices.
• Occasionally attend training sessions or informational sessions for themselves or on behalf of the credit union.
• Additional training for new loan types might be required.
• Maintain a working knowledge of any technology used by the
• Stay abreast of industry knowledge and best practices.
• Attend various trade organization and community events to cultivate IPL relationships, and represent UWCU within the industry.
• Assume responsibility for personal development through training, collaboration and teamwork.
• Take initiative to participate in organizational project, trainings, and peer coaching.
• Embrace change by anticipating and supporting corporate strategies and goals.
• Demonstrate professionalism in dress, tone, flexibility, and communication.
• Consistently act as part of a cohesive team, demonstrating excellent interpersonal skills and the ability to interact positively with other employees.
• Performs other duties as assigned by management.

Benefits

• 21.5 days of annual time off (accrued per pay period)
• 2 weeks paid caregiver leave
• 2.5 weeks paid new child parental leave
• 2 days paid volunteer time
• 10 paid holidays (including your birthday!)
• 401k company match of up to 5%, plus approximately 4% discretionary match
• Variable bonus reward
• Competitive Medical, Dental, and Vision plans, including domestic partner eligibility
• Employee Assistance Program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees