VP & Loan Officer III

Open Bank • La Mirada, CA

9d • $83,000 - $103,000 • Onsite

About The Position

Open Bank is seeking a VP & Loan Officer III to join its Commercial Loan Center III (CLC III) team. The role is responsible for underwriting, documenting, processing, and maintaining a portfolio of lending products. The position may be based at headquarters or the Orange County satellite office.

The VP & Loan Officer III independently evaluates loan applications, works with applicants to identify suitable products, structures loan packages, conducts credit and risk analysis, and presents recommendations to management. The role also includes borrower site visits, reviewing loan agreements, tracking outstanding requirements, and providing service to current and prospective clients.

Requirements

• Bachelor’s degree in Business Administration or a related field, or equivalent work experience.
• At least five years of lending experience.
• Good written and oral communication skills, including the ability to communicate professionally in writing, in person, and over the phone.
• Ability to respond effectively to sensitive inquiries and client complaints.
• Ability to present a professional image when interacting with customers, colleagues in other departments, and external representatives.
• Ability to interpret a wide variety of technical instructions in mathematical or diagram form and work with abstract and concrete variables.
• Strong analytical skills and a thorough understanding of lending operations and client needs.
• Accurate typing and keyboarding skills, and basic computer skills, including word processing, spreadsheet software, and email.

Responsibilities

• Independently evaluate and underwrite loan applications in accordance with bank policies, procedures, and prudent lending practices.
• Interview loan applicants and discuss available products, terms, and requirements to support appropriate product selection.
• Structure loan packages according to clients’ needs, financial condition, and risk profile while meeting bank lending standards.
• Conduct credit analysis and risk assessments, and present findings, recommendations, and risk considerations to management.
• Conduct site visits to new and existing borrowers.
• Review loan agreements for accuracy, completeness, and compliance with bank policies.
• Monitor and follow up on tickler items to ensure outstanding requirements are completed on time.
• Provide service to existing and prospective clients, including obtaining documentation needed for lending activities and other bank departments.

Benefits

• Medical, dental, and vision insurance for full-time employees and their immediate family members; eligibility begins on the first of the month after hire.
• Employer-paid life, accidental death and dismemberment, and long-term disability coverage.
• Flexible Spending Account for eligible health, dependent-care, transit, and parking expenses.
• 401(k) plan with a 100% employer match on the first 6% of employee contributions; participation eligibility begins on the first of the month after 90 days of employment.
• Paid time off accrued from the time of hire.
• Employee Assistance Program offering counseling, online resources, and legal and financial guidance for employees and their families.
• Company-paid lunch twice a week.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior