Loan Officer

Plains Land Bank, FLCA • Perryton, TX

31d • Onsite

About The Position

Plains Land Bank, a member of the Farm Credit System, has been providing financial services to agriculture and rural communities for over a century. With offices across the Texas Panhandle, they are committed to empowering stockholders to grow their legacies and 'Own a Piece of Texas'. They are seeking a full-time Loan Officer to join their mission of shaping the future of agriculture in rural America.

Requirements

• Bachelor’s degree in Business Administration, Finance, Agricultural Economics, or a related field, or equivalent experience.
• Two (2) or more years of loan officer, commercial lending, and/or sales experience.
• General knowledge of accounting/financial systems.
• Specialized knowledge of accounting/finance principles.
• Skill in oral and written communication.
• Basic skill level in Microsoft Office applications.
• Ability to perform basic to intermediate-level accounting/financial analyses under moderate supervision.

Nice To Haves

• Agricultural background preferred.

Responsibilities

• Developing and marketing new business within their service area.
• Assisting prospective and current borrowers with their credit needs and formulating solutions to credit-related issues.
• Making and servicing loans within delegated authority and in accordance with Association policies, including making decisions on loan approval, structure, and pricing.
• Exercising credit risk management responsibilities on loans within the area of responsibility.
• Conducting credit analyses, including analyzing balance sheets, income statements, and cash flows of potential borrowers to ascertain creditworthiness.
• Maintaining current, adequate, and verified financial information on borrowers and guarantors.
• Performing loan servicing tasks such as partial releases, subordinations, division orders, reamortizations, assumptions, severance agreements, insurance claims, additional advances, extensions, and conversions.
• Ensuring that all assigned loans are properly risk-rated, assigned loss given defaults are correct, and performance status assignments are proper.
• Complying with proper credit administration practices as outlined in the Association’s policies and procedures.
• Performing collections on assigned loans and assisting senior-level staff and management with collections on all loans in the portfolio.
• Working with delinquent borrowers to obtain satisfactory loan performance.
• Assuring that adequate insurance coverage is maintained as required by loan conditions and monitoring ad valorem taxes.
• Assisting with the title examination process on prospective loans to ensure validity of liens on property pledged as collateral or security interest on chattels.
• Preparing loan closing packages and facilitating the loan closing process in accordance with all applicable Association and FCA policies and regulations.

Benefits

• Competitive salary
• Annual incentive plan
• Affordable health benefits, including medical insurance, prescription drug coverage, dental insurance, vision care, flexible spending accounts, and more.
• 401(k) plan that includes an employer match (up to 4%) plus an additional employer contribution (up to 5%), both of which vest on the first day of employment.
• Employer paid long-term disability and life insurance.
• Generous vacation leave, sick leave, and up to thirteen paid holidays.
• Up to two days per year to volunteer in local community organizations, services, or events.
• Ongoing professional development opportunities.

What This Job Offers

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