Loan Officer

Louisiana Land Bank•Tallulah, LA

About The Position

The Loan Officer recommends or approves loans within an assigned territory and delegated authority. The role develops and manages loan portfolios, including loan originations in the association’s trade area, and exercises some decision-making latitude under moderate supervision. The Loan Officer develops and markets new business, helps prospective and current borrowers address credit needs, and makes and services leases and loans for operating equipment and real estate. The role may also offer related services such as cash management products and crop insurance. It conducts credit analyses, manages credit risk, maintains borrower financial information, services loans, manages collections, and supports loan closings in accordance with association policies and applicable regulations. The position involves frequent interaction with customers, association staff and management, and area professionals. Physical activities include prolonged sitting, limited periods of standing, moderate-distance walking, frequent hand and finger manipulation, and occasional lifting, carrying, pushing, or pulling up to 50 pounds.

Requirements

Bachelor’s degree in Business Administration, Finance, Agricultural Economics, or a related field, or equivalent experience.
Two or more years of experience as a loan officer or loan officer trainee; this experience requirement is stated alongside the education requirement.
General knowledge of accounting and financial systems.
Specialized knowledge of accounting and finance principles.
Oral and written communication skills.
Basic skill level in Microsoft Office applications.
Ability to perform basic to intermediate-level accounting and financial analyses under moderate supervision.
Ability to sit for long periods, stand for limited periods, walk moderate distances, and frequently manipulate fingers and hands.
Ability to occasionally lift, carry, push, or pull up to 50 pounds.

Responsibilities

Develop and market new business within the service area.
Assist prospective and current borrowers with credit needs and solutions to credit-related issues.
Make and service leases and loans for operating equipment and real estate, and offer related services such as cash management products and crop insurance, within delegated authority and association policies.
Make or convey decisions on loan approval, structure, and pricing, and exercise credit risk management responsibilities for loans in the assigned area.
Conduct simple to moderately complex credit analyses, evaluating prospective borrowers’ balance sheets, income statements, and cash flows.
Maintain current, adequate, and verified financial information on borrowers and guarantors as required by association policy.
Perform loan servicing tasks, including partial releases, subordinations, division orders, reamortizations, assumptions, severance agreements, insurance claims, additional advances, extensions, and conversions.
Ensure assigned loans have appropriate risk ratings, loss-given-default assignments, and performance status assignments.
Follow credit administration practices outlined in association policies and procedures.
Collect on assigned loans and assist senior staff and management with portfolio collections; work with delinquent borrowers to achieve satisfactory loan performance.
Ensure required insurance coverage is maintained and monitor payment of ad valorem taxes on loan security.
May assist with title examinations to confirm the validity of liens or security interests.
Prepare loan closing packages and facilitate loan closings in accordance with association and Farm Credit Administration policies and regulations.
May perform appraisals, inspections, or collateral evaluations in compliance with district and association standards and procedures.
May assist with or attend association public relations functions.