Junior Ag Loan Officer

Beacon Credit Union•Huntington, IN

About The Position

The Junior Ag Loan Officer assists members with agriculture and commercial lending needs by analyzing loan requests and making credit recommendations in accordance with lending policy. The role analyzes credit and financial reports to assess lending risk, has limited lending authority, and assists with delinquent accounts. It covers Huntington County and the surrounding territory and is intended for recent college graduates or people early in their agricultural lending careers. After training, the employee is expected to develop new business with the goal of becoming an Ag Loan Officer with their own loan portfolio. The position includes visiting commercial and farm locations, interviewing loan applicants, analyzing and documenting credit requests, preparing reports for loan committees, reviewing loan documents, explaining loan programs, and monitoring existing loans. The employee also participates in sales development and works with external parties such as title companies, appraisers, and realtors. Standard hours are Monday through Friday, 8:30 a.m. to 5 p.m.

Requirements

One to three years of agriculture, sales, and/or related credit union experience.
Four-year college degree or equivalent combination of education and experience.
Sales skills and ability to develop new business after training.
Ability to communicate effectively orally and in writing.
Ability to foster sound relationships with other entities.
Extremely detail-oriented.
Excellent judgment.
A significant level of trust and diplomacy, as well as courtesy and tact.
Ability to work with little or no supervision.

Responsibilities

Visit commercial and farm locations to interview loan applicants and gather information about their loan needs, earnings, financial condition, and relationship with Beacon Credit Union.
Participate in sales development activities and develop new business after training.
Perform initial and ongoing credit analyses to assess whether credit requests meet policy and procedural guidelines.
Prepare and process documentation for credit analysis and risk ratings.
Write detailed narratives about financial trends and ratios for loan committee reports and risk-rating assignments.
Recommend whether to approve or decline a loan request, or refer it to a higher level for a decision.
Assist in establishing approved loan terms and conditions and review them with members.
Review loan documents for completeness and accuracy.
Work with outside parties, including title companies, appraisers, and realtors.
Keep informed about current commercial and agricultural lending trends.
Explain loan programs, evaluate members' needs, and recommend loan options.
Monitor current loans for compliance with their terms and coordinate with collections as needed.
Assist with delinquent accounts.
Perform other related duties as assigned.