Senior Commercial Loan Officer

Veridian Credit Union•Eden Prairie, MN

6d•Hybrid

About The Position

The Senior Commercial Loan Officer originates and manages a commercial loan portfolio of large and complex credits totaling up to $100 million. The role develops and maintains relationships with commercial borrowers and depositors to bring new business to Veridian, while working with Commercial Services support staff to monitor relationships and meet servicing requirements. The officer evaluates commercial loan applications, analyzes creditworthiness, recommends or approves loans within established lending limits, and negotiates credit terms. The role also manages ongoing portfolio reviews, renewals, delinquency concerns, and post-closing requirements; develops loan and deposit business; and provides guidance and leadership to staff in commercial lending. Employees are expected to comply with PCI and other secure-data requirements.

Requirements

Bachelor's degree or an equivalent combination of education, training, and experience totaling 8 or more years.
At least 5 years of experience in business or commercial lending.
At least 5 years of experience with credit analysis.
Oral and written communication skills.
Member-service focus.
Attention to detail and accuracy.
Positive attitude and ability to support a team environment.
Dependability and punctuality, with flexibility during peak times.
Ability to maintain a high level of confidentiality.
Organizational skills.
Self-motivation and ability to work without close supervision.
Problem-solving and analytical skills.

Responsibilities

Create service experiences that promote the Veridian brand.
Originate and manage a commercial loan portfolio totaling up to $100 million.
Monitor changes in commercial lending compliance and regulation and recommend changes when necessary.
Interview commercial loan applicants and prepare required loan documents, including updating member records.
Collect and analyze information to assess applicant creditworthiness and the merits of loan requests.
Recommend approval, disapproval, or referral of loans based on the Commercial Lending Policy and applicable credit approval limits.
Approve loans within assigned credit limits and serve as contact officer on loans above those limits when submitting them to the VP of Commercial Services and/or Commercial Lending Committee.
Establish and negotiate credit terms, including costs, repayment schedules, and collateral requirements.
Advise members on business management and financial matters where possible, and refer them to resources such as SCORE and SBA.
Work with the Credit Analyst and Loan Assistant to create loan files and obtain documentation needed for decision-making.
Collect and analyze current borrower credit information for annual reviews, renewals, and loans reaching maturity.
Collect on past-due loans and negative accounts daily, and closely monitor delinquency and cash flow concerns.
Develop new commercial loan and deposit business by contacting prospects and members.
Complete post-loan follow-up, including monitoring reserve and core deposit balances, property tax and insurance payments, and filing security agreements.
Actively sell credit union products and services.
Contribute to team goals and expectations.
Participate in community events, groups, or organizations that promote Veridian Credit Union's products and services.
Provide leadership to branch or department staff and assist with their development in commercial lending.
Ensure PCI and other secure-data compliance measures are in place and followed.