Commercial loan officers specialize in loans to businesses, which often use the loans to buy supplies and upgrade or expand operations. Commercial loans frequently are larger and more complicated than other types of loans. Because companies have such complex financial situations and statements, commercial loans usually require human judgment in addition to the analysis by underwriting software. Furthermore, some commercial loans are so large that no single bank will provide the entire amount requested. In such cases, loan officers may have to work with multiple banks to put together a package of loans.
Commercial Loan Officer Job Description Template
Our company is looking for a Commercial Loan Officer to join our team.
Responsibilities:
- Helps other area personnel as required;
- Educates customers regarding bank products and services requested and how they can better serve their individual financial needs;
- May determine work methods and flow through assigning, directing, coordinating, and reviewing tasks;
- Helps with the collection of delinquent accounts;
- Attends assigned training sessions and stays current on new procedures and policies;
- Conducts property inspections as assigned;
- Ensures that customers’ requests and questions are promptly resolved;
- Keeps management informed of area activities and any significant problems or concerns;
- Reviews loan reports to identified maturing or matured loans and is proactive in completing renewal paperwork or processing a decline;
- Helps review construction loan advances on commercial properties;
- Completes required reports and records accurately and promptly;
- Identifies problems or potential problems with credit information and coordinates with the necessary party to resolve the problems;
- Promotes D.L. Evans Bank at all times and serves as a representative in the community;
- Promotes D.L. Evans Bank at all times;
- Serves as a representative for D.L. Evans Bank in the community.
Requirements:
- Able to use financial calculator and related computer applications and business machines;
- Active license number with the Nationwide Mortgage Licensing System and Registry or the ability to obtain such;
- Excellent written and verbal communication skills;
- Knowledge of Bank lending and collections programs, policies, and procedures required;
- Understanding of financial analysis and determination of credit worthiness required;
- High school diploma or GED required;
- Familiarity with property management and maintenance procedures preferred;
- Proven track record of community/civic/trade organization involvement and business development;
- Bachelor’s Degree in Business, Finance or related field preferred;
- Strong analytical skills;
- Strong interviewing skills;
- Three to five years of commercial lending experience required;
- At least five years of previous commercial lending experience required;
- One to three years of commercial lending experience required.