VP - Commercial Loan Officer

AMPLIFY CREDIT UNION • Austin, TX

6d • $110,000 - $130,000 • Remote

About The Position

Establishes relationships with businesses in Amplify’s service area for the purpose of making commercial loans. Originates member business loans while consistently offering outstanding member service.

Requirements

• Bachelor's degree from four-year college or university; five years related experience and/or training; or equivalent combination of education and experience.
• Minimum of three years credit union or other financial industry experience.
• Extensive knowledge and proven track record of commercial lending.
• Working knowledge of all Federal, state, and NCUA regulations and guidelines pertaining to loan operations
• Excellent verbal and written communication skills required
• Basic knowledge of business law and consumer credit laws and regulations
• Excellent judgment skills to make quick decisions within or outside written policy and procedures.
• Must be bondable.
• To perform this job successfully, an individual should have knowledge and be efficient with the use of a personal computer, Microsoft Office products (Excel, Word, and PowerPoint), Credit Bureau Systems and financial calculators.
• Must have reliable internet access of 50MBPS which is the minimum speed required to connect to several of our systems and platforms.

Nice To Haves

• Formal credit training preferred.
• A minimum of two year’s experience with SBA 7(a) and 504 programs.

Responsibilities

• Calls on existing and potential business members to develop new business and increase or retain existing business
• Participates in business development activities that promote the increase of commercial loans and deposits for the Credit Union
• Meets or exceeds individual loan goals and objectives as established by VP of Commercial Lending
• Maintains and develops a pipeline of prospective clients and commercial loan/line requests
• Manages relationships to achieve production goals and enhance service experience through member contact, association and community participation
• Manages a portfolio of relationships to ensure product alignment, cross-sell opportunities, and maintain the safety and soundness of the portfolio.
• Maintains relationships with third-party vendors on existing and/or new products and services for the business services area
• Accurately processes commercial loan requests in a timely manner, communicating regularly with the client
• Reviews commercial loans for compliance and utilizes the risk analysis process to monitor and evaluate loans being submitted for review and/or approval
• Supports periodic credit reviews of member commercial loans to assess the overall financial condition and member’s ability to re-pay the loan
• Maintains up-to-date credit files including current financial information deemed necessary and in accordance with the loan agreement
• Originates a wide variety of commercial loans and lines of credit with the purpose of growing Amplify’s commercial loan portfolio, while emphasizing prudent lending practices, loan quality, and member service
• Interviews applicants to determine whether a loan may be an acceptable risk by gathering information about their business and its needs, challenges, trends, plans, and financials
• Analyzes applicant financial status, credit, and collateral to determine feasibility of granting loan and submits application to credit analyst for verification and recommendation
• Follows current loan guidelines and policies to ensure complete compliance with NCUA and Texas regulations.
• Offers financial advice and counsel to business customers and prospective members
• Performs post-closing activity including scheduled and unscheduled site visits and collateral inspections
• Assists and advises Account Resolutions with collection of business loans
• Studies and understands the national, regional and local economy along with industry performance in order to have a clear understanding of financial situations relating to new or existing businesses
• Actively promotes Amplify’s products and services by cross-selling to existing and prospective clients
• Maintains ongoing communication with the VP of Commercial Lending, informing him/her of all pertinent problems, irregularities, new developments, changes, and other important information within area of responsibility; attends meetings as scheduled and as directed
• Upholds credit union policies and procedures and champions organizational culture both internally and externally

Benefits

• Medical, Dental, and 401(k) programs for team members.
• Customized volunteer opportunities with our signature partners (Saint Louise House).
• Additional paid time off for volunteer-related activities.
• Undergraduate and graduate tuition benefits for eligible full-time and part-time team members.
• a 401(k) with a company match of 100% on the first 5% you contribute.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 251-500 employees