Commercial Loan Officer - FT

Veridian Credit Union•Eden Prairie, MN

5d•Onsite

About The Position

The Commercial Loan Officer manages and grows a portfolio of small business and commercial real estate loans while building and maintaining relationships with members and commercial borrowers. The role works closely with Commercial Services support staff to monitor relationships and maintain servicing requirements. It is an onsite, full-time, exempt position in Eden Prairie, Minnesota. The officer evaluates loan applicants and requests, prepares loan documentation, makes recommendations within the Commercial Lending Policy, and establishes or negotiates credit terms. The role also supports borrowers with business and financial guidance, develops new lending and deposit business, monitors credit quality and delinquencies, and provides leadership and development support to branch or department staff. Employees are expected to follow PCI and other secure-data compliance requirements.

Requirements

Bachelor's degree, or an equivalent combination of education, training, and experience totaling 8 or more years.
At least 3 years of experience in commercial credit analysis.
At least 3 years of experience in business or commercial lending.
Oral and written communication skills.
Member-service focus.
Attention to detail and accuracy.
Positive attitude that supports a team environment.
Dependability and punctuality, with flexibility during peak times.
Ability to maintain a high level of confidentiality.
Organizational skills.
Self-motivation and ability to work without close supervision.
Problem-solving and analytical skills.
Ability to occasionally lift or move items weighing over 10 pounds and remain seated for extended periods.

Responsibilities

Create excellent service experiences that promote the Veridian brand.
Manage and grow a commercial loan portfolio consisting of small business and commercial real estate loans.
Stay informed about changes in commercial lending compliance and regulation and recommend changes when necessary.
Interview small business and commercial real estate loan applicants.
Prepare required loan documents accurately, including updating member records.
Collect and analyze information to evaluate applicants' creditworthiness and the merits of loan requests.
Recommend loan approval, disapproval, or referral based on credit approval limits in the Commercial Lending Policy.
Serve as the contact officer for loans submitted to a Senior Commercial Loan Officer, Senior Vice President of Commercial Services, or Commercial Lending Committee for review.
Establish and negotiate credit terms, including costs, repayment schedules, and collateral requirements.
Advise members on business management and financial matters when possible and refer them to resources such as SCORE and SBA.
Work with the Credit Analyst and Loan Assistant to create loan files and obtain documentation needed for decision-making.
Collect and analyze information reflecting borrowers' current creditworthiness during annual reviews, renewals, or at loan maturity.
Collect on past-due loans and negative accounts daily and closely monitor delinquency and cash-flow concerns.
Develop new commercial loan and deposit business by contacting prospects and members.
Complete loan follow-up, including monitoring escrow balances, property tax and insurance payments, and filing security agreements.
Actively sell credit union products and services.
Contribute to team efforts by consistently achieving established goals and expectations.
Participate in community events, groups, or organizations that promote Veridian Credit Union products and services.
Provide leadership to branch or department staff and help develop staff knowledge, understanding, and experience in commercial lending.
Ensure PCI and other highly secure data compliance measures are in place and followed.