The Commercial Loan Officer is responsible for receiving, reviewing, and evaluating commercial loan requests. He or she meets with applicants to explain credit policies and to obtain loan information and documentation, monitors and reviews construction and development loans, and helps with collection activities. The Commercial Loan Officer serves borrowers and prospective borrowers promptly and professionally, provides general bank information, cross-sells services, and helps other Commercial Lending personnel as necessary. He or she is responsible for business development and marketing of existing and prospective accounts.
RESPONSIBILITIES
- Interviews, takes applications, and processes preliminary documentation on loan requests, discussing loan alternatives, credit criteria, interest rates, and loan documentation in such a manner as to elicit positive responses from customers
- Analyzes and evaluates loan requests and approves loan within specified limits or prepares written submission for consideration by the Senior Lender, Regional Credit Officer, or Senior Loan Committee if over individual limit
- Identifies problems or potential problems with credit information and coordinates with the necessary party to resolve the problems
- Helps review construction loan advances on commercial properties
- Conducts property inspections as assigned
- Reviews loan reports to identified maturing or matured loans and is proactive in completing renewal paperwork or processing a decline
- Helps with the collection of delinquent accounts
- Completes lending operations in accordance with established Bank policies and legal requirements
- Establishes and maintains effective and professional business relations with customers and trade professionals
- Ensures that customers’ requests and questions are promptly resolved
- Informs customers of Bank loan policies and services
- Educates customers regarding bank products and services requested and how they can better serve their individual financial needs
- Meets with applicants whose loans are denied and explains reasons and alternatives
- Markets commercial loans and cross-sells other bank products and services
- May indirectly or directly supervise loan personnel and/or lending assistants, ensuring that high quality work and efficiency in operations are maintained
- May determine work methods and flow through assigning, directing, coordinating, and reviewing tasks
- Coordinates functions with related departments and Branches and provides support as needed
- Completes required reports and records accurately and promptly
- Attends and participates in meetings and committees as required
- Attends assigned training sessions and stays current on new procedures and policies
- Maintains the professional reputation of D.L. Evans Bank
- Stays informed regarding changes in lending standards and related legal requirements
- Promotes D.L. Evans Bank at all times and serves as a representative in the community
- Helps other area personnel as required
- Keeps management informed of area activities and any significant problems or concerns
- Completes special projects as assigned
QUALIFICATIONS
- High school diploma or GED required
- Three to five years of commercial lending experience required
- Understanding of financial analysis and determination of credit worthiness required
- Knowledge of Bank lending and collections programs, policies, and procedures required
- Proven track record of community/civic/trade organization involvement and business development
- Active license number with the Nationwide Mortgage Licensing System and Registry or the ability to obtain such
- Excellent written and verbal communication skills
- Strong analytical skills
- Strong interviewing skills
- Able to use financial calculator and related computer applications and business machines
- Familiarity with property management and maintenance procedures preferred
- Bachelor’s Degree in Business, Finance or related field preferred
BENEFITS
- Medical Insurance
- Dental Insurance
- Vision Insurance
- FSA
- 401(k)
- Employee Stock Ownership Plan
- Paid Vacation
- Sick Time
- Life Insurance
- Long-term Disability Insurance
Source: Indeed.com
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