Commercial Loan Officer
Friendship State Bank•Madison, WI
•Onsite
About The Position
Interviews commercial loan applicants and makes credit decisions within established guidelines. Processes loan applications, prepares appropriate documentation, maintains customer relationships, manages a portfolio of commercial loans and may coordinate some collection efforts.
Requirements
- Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals.
- Ability to write professional reports and correspondence.
- Ability to speak effectively before groups.
- Ability to calculate figures and amounts such as discounts, interest, and percentages.
- Ability to apply concepts of basic algebra and geometry.
- Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.
- Ability to deal with problems involving several concrete variables in standardized situations.
- Bachelor’s Degree (B.A.) from a four-year college or university
- Five to seven years related experience and/or training
- Equivalent combination of education and experience.
- Must travel as required.
- Must pass background check.
- Limited creditors insurance license
Responsibilities
- Interview loan applicants and complete loan applications
- Provide financial counseling to applicants
- Underwrite commercial credit applicants (direct, indirect and revolving)
- obtain and review credit history (bureaus)
- perform comprehensive tax return analysis
- verify information
- perfect liens
- collateral analysis and applied values
- loan policy exceptions to be addressed
- determine capacity of borrowers
- Make sound and justifiable credit decisions
- Prepare counter offers and loan denials
- Prepare and present applicable loans to the monthly directors’ loan committee
- Prepare proper documents for loan closing
- Close and fund loans
- Follow-up procedures such as lien perfections, collateral inspections
- Jointly review and concur commercial loans along with the responsible loan officer on all commercial loans $100,000 to $250,000
- 100% responsible for all commercial loans in excess of $250,000
- Assist the senior loan officer and review larger aggregate borrowers on an informal basis
- Follows all employment policies and procedures
- Other duties as assigned by management
- Member of the Directors Loan Committee
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
