Commercial Loan Officer

Job Description

Job Description

The Commercial Loan Officer solicits and services a variety of commercial loans. Interviews applicants, obtains and reviews required financial information. Builds a highly visible reputation as the commercial loan expert, resulting in the generation of quality commercial loans that meet the criteria of the Bank’s loan policies.

  Essential Functions  

• Approve or deny loans within established limits, and present loans to the Loan Committee.
• Originate a volume of commercial loans that meets the Bank’s goals and objectives.
• Perform initial collection efforts on assigned portfolio of loans.
• Provide recommendations for portfolio management, loan structuring, and underwriting.
• Review and assist in the preparation of Credit Proposals.
• Prepare commercial loan documentation in conformity with the loan approval.
• Actively participate in ongoing business development by calling on prospective and existing clients to nurture ongoing relationships for lending and deposit services.
• Foster relationships with centers of influence to create referral sources.
• Meet with customers’ senior management and visit their facilities in order to understand their business.
• Evaluate prospective loan requests; review customer’s financial, credit, and collateral information to determine viability of the loan request and the appropriate loan structure.
• Negotiate terms with the customer that reflect the customer’s need and the Bank’s asset quality standards.
• Oversee and manage an assigned loan portfolio by reviewing the customer’s financial status and ongoing operations.
• Maintain a credit file on each customer including financial data, correspondence, and other pertinent documents.
• Develop workout programs when appropriate.
• Work with outside legal counsel to ensure that proper documentation is in place for new and existing loans.
• Represent the Bank in various community and industry related activities.
• Maintain knowledge of regulatory compliance and developments for assigned area.

Required Education and Experience

• 5 or more years of experience in commercial lending
• Knowledge of loan products, and lending compliance and regulations
• Experience in commercial lending department function and procedures
• Knowledge of commercial loan underwriting requirements

Preferred Background and Experience

• Bachelors in Business Administration with concentration in Finance, Economics or Accounting.

Required Competencies

• Demonstration of the Bank's Core Values of Kindness, Integrity, Community, Teamwork, and Excellence
• Excellent verbal and written communication skills
• Strong business acumen, analytical skills, attention to detail, and sound decision making
• Demonstration of ethical conduct and financial management

Travel
At least 75% daytime travel between offices, bank branches, and customers’ locations.