VP - Commercial Loan Officer

AMPLIFY CREDIT UNIONAustin, TX
6d$110,000 - $130,000Remote

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.
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