Loan Officer Jobs

About The Position

Requirements

• General knowledge of accounting/financial systems.
• 0-2 years of experience in sales, lending, credit, or other related work.
• Ability to effectively read, write, and communicate in the English language.
• Skill in serving and working effectively with both external and internal customers in a professional, respectful manner.
• Skill in analyzing information and problem solving to formulate logical and objective conclusions.
• Basic knowledge of accounting principles, practices, and methods including financial statements and Generally Accepted Accounting Principles (GAAP)
• Or an equivalent combination of education and experience sufficient to perform the essential functions of the job

Nice To Haves

• Develop knowledge of the agriculture, financial and real estate industry, and applied business mathematics and principles.
• Proficiency with Microsoft Office Suite, computers, current software, and other office tools.
• Enhance knowledge of credit analysis and regulatory requirements with respect to borrower’s rights.
• Develop knowledge of title issues, easements, tax law, title and escrow, state and federal ag regulations, appraisal concepts, processes and procedures, lending practices, farm business management, and other industry terminology.
• Skill in establishing and maintaining relationships with a variety of internal and external organizations and the community to advance the organization's interests and grow/maintain business.
• Skill in educating, promoting, and selling credit products to customers.
• Skill in communicating complicated information, delivering bad news, and negotiating complex agreements effectively to achieve the best outcome for the Association.

Responsibilities

• Works closely with loan officers, Team Lead, and other team members to gain a sound understanding of credit analysis and business development including loan pricing.
• Assists Loan Officer in collecting and entering data from customers and potential customers into internal software.
• Analyzes financial data and makes recommendations for loan structure, terms, and conditions.
• Meets with current and new customers to gather, update, and review financial and scope of operation information to determine eligibility
• Work with management and teams to gain an understanding of the purpose and processes involved in performing credit reviews. May assist senior-level staff with credit reviews.
• Services loans, including interest rate conversions, MERLOC extensions, re-amortizations, partial releases, fixed rate pricing assumptions, and collateral analysis
• Works with Team to identify and develop plans to reduce risk for at-risk credit
• Enters additional credit information into software
• Verifies documentation is accurate with title companies, legal department, and internal loan software
• Attends loan officer and credit analysis development training courses as assigned
• Works directly with experienced loan officers and credit analysts to gain experience of the entire loan process from start to finish
• Goes on customer visits and meetings with loan officers to observe loan officer-customer interactions
• Takes on new responsibilities as their experience grows, eventually meeting with customers and taking loans from application to closing
• Support credit teams/branches on an as needed basis
• Appropriately protects the confidentiality, security, and integrity of the Association’s systems, data, and clients’ data
• Understands, applies, and supports the Association mission and vision statement in a positive, professional manner at work and with customers in all settings

Benefits

• Team based incentive program that provides an opportunity for up to 15% payout of base salary based upon Association performance.