Senior Commercial Loan Officer

Veridian Credit Union•Cedar Falls, IA

6d•Hybrid

About The Position

The Senior Commercial Loan Officer originates and manages a portfolio of large and complex commercial loans totaling up to $100 million. The role builds and maintains relationships with commercial borrowers and depositors to attract new business to Veridian Credit Union, while working with Commercial Services support staff to monitor relationships and meet servicing requirements. The officer interviews applicants, gathers and analyzes credit information, prepares loan documentation, and recommends or approves loans within established credit limits. The position negotiates credit terms, supports borrowers with business and financial guidance, monitors existing loans and delinquencies, develops commercial loan and deposit business, and promotes the credit union’s products and services. It also provides leadership and staff development support in commercial lending. The position is based in a professional office environment and uses standard office equipment. Limited travel is expected. The role is hybrid eligible and is full-time exempt.

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 that supports 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 analysis skills.

Responsibilities

Create service experiences that promote the Veridian brand.
Originate and manage a commercial loan portfolio totaling up to $100 million.
Stay informed about compliance and regulatory changes related to commercial lending and recommend changes when necessary.
Interview commercial loan applicants.
Prepare required loan documents and update member records.
Collect and analyze information to evaluate applicants’ creditworthiness and the merits of specific loans.
Recommend loan approval, disapproval, or referral based on credit approval limits in the Commercial Lending Policy.
Approve loans within established credit limits and serve as contact officer for loans submitted 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 necessary documentation.
Collect and analyze updated borrower credit information during annual reviews, renewals, or at loan maturity.
Collect on past-due loans and negative accounts daily and monitor delinquency and cash flow concerns.
Develop new commercial loan and deposit business by contacting prospects and members.
Follow up after loan completion on matters such as reserve/core deposit balances, property taxes, insurance premiums, 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.
Assist with developing staff knowledge, understanding, and experience in commercial lending.
Ensure security measures are in place and followed for PCI and other highly secure data compliance requirements.