FVP & Loan Officer IV

Open Bank • La Mirada, CA

5d • $91,000 - $120,000

About The Position

At Open Bank, we pride ourselves on being different and OPEN to new ideas and opportunities for our clients and employees. We celebrate innovation, diversity, teamwork, excellence and integrity. We are an equal opportunity employer and offer competitive compensation and benefits package to recruit, retain and reward top talent. We would like to be your partner in success and happiness! Join our TEAM - Together Everyone Achieves More. We are looking for a FVP & Loan Officer IV to join our CLC III team at Open Bank! The Loan Officer IV (“LO”) is responsible for the underwriting, documentation, processing, and maintenance of lending products and loan files, as well as overseeing the department in underwriting.

Requirements

• Bachelor’s degree in Business Administration or related field or equivalent work experience.
• Minimum seven years of experience in lending required.
• Good written and oral communication skills; ability to communicate effectively and project a professional image when giving and taking information in writing, in person, and over the phone.
• Accurate typing/keyboarding skills; basic computer skills, including the use of word processing, spreadsheet software applications, core banking process systems, e-mail and on-line banking programs.

Responsibilities

• Lead the underwriting and evaluation of complex commercial loan transactions in compliance with the Bank’s credit policies, procedures, and prudent lending standards.
• Oversee borrower relationships, including structuring loan transactions, advising on credit solutions, and managing key client interactions.
• Conduct high-level credit analysis and review financial spreads, providing strategic recommendations to senior management and credit committees.
• Oversee and validate loan structuring, underwriting assumptions, and risk assessments to ensure consistency and sound credit judgment, while promoting high standards of customer care and client relationship management.
• Review and recommend loan packages, credit memoranda, and documentation for completeness, accuracy, and policy compliance.
• Provide leadership, guidance, and oversight to lending staff, including mentoring loan officers and ensuring adherence to underwriting standards and best practices.
• Monitor and manage the performance of the loan portfolio, including credit quality, risk ratings, and delinquency trends, and implement proactive risk mitigation strategies.
• Identify, escalate, and manage problem loans, and coordinate appropriate action plans to minimize potential losses.
• Ensure compliance with regulatory requirements and internal policies, including Equal Credit Opportunity Act, Fair Credit Reporting Act, and Bank Secrecy Act / AML requirements.

Benefits

• Medical, Dental, & Vision insurance for all full-time employees and their immediate family members.
• Life, Accidental Death & Dismemberment, & Long-Term Disability insurance (100% company paid).
• Flexible Spending Account (FSA) for eligible out-of-pocket expenses.
• 401(k) Retirement Savings Plan with company match.
• Paid Time Off (PTO) accrued from time of hire.
• Employee Assistance Program (EAP) offering counseling, online tools, and legal/financial guidance.
• Company Paid Lunch twice a week.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior