Overview
Reports To: Varies by location Functions Supervised: None Primary Functions: Responsible for developing new business, structuring, underwriting, and closing of business and commercial loans, as well as monitoring and maintaining a loan portfolio.
Duties and Responsibilities:
• Meet with business members and prospective business members to promote the credit unions commercial loan services and solicit new business. • Interview prospective borrowers and request necessary information to process loan requests. • Analyze applicants financial status, credit, and evaluate collateral to determine feasibility of loan approval. • Negotiate loan structure with prospective borrower, including fees, loan repayment terms and other credit terms. • Underwrite credit requests taking into consideration applicable policies, procedures, guidelines and analyzed risk and present processed applications to appropriate approval authorities within the credit union as required. • Assist members with inquiries and information requests and resolve issues relating to loan products and services offered. • Promote and cross-sell other products and services as appropriate. • Monitor loan portfolio to ensure proper management of risk ratings, compliance with loan covenants and early identification of potential problems. • Participate in collection efforts as necessary. • Participate in the credit unions business development activities, represent the credit union in industry and professional associations, community organizations, local business groups, etc. • Perform other duties as assigned.
Qualifications
Education: Bachelors degree in finance, business or economics. Creditable Experience in Lieu of Education: Minimum five years of commercial lending experience.
Experience/Skills:
• Strong oral and written communication skills. • Ability to read, analyze, and interpret common scientific and technical journals, financial reports, tax returns and legal documents. • Ability to respond to inquires or issues from members, regulatory agencies, or business community participants. • PC proficiency in Microsoft Office Suite. • Sales oriented personality preferred.
Tenure
Assignment to the Commercial Loan Officer (Category 07) position or the Senior Commercial Loan Officer (Category 06) position will be determined by the candidates education and/or experience. Advancement requires management recommendation and will be based on the candidates performance.
Compensation
Starting base salary will be determined based on candidate experience, qualifications, education, and applicable local or state wage requirements, and will fall within the range provided below.
Salary Pay Range: $90,389 - $152,718 annually
Benefits
Short-term and long-term incentives Comprehensive medical, dental and vision insurance plan that has HSA and FSA options 401(k) plan with a 5% match Employee Assistance Program (EAP) Life and disability coverage Voluntary cash benefits for accident, hospitalization and critical illness Tuition Reimbursement Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
Equal Opportunity Employer