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
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Approve or deny loans within established limits, and present loans to the Loan Committee.
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Originate a volume of commercial loans that meets the Bank’s goals and objectives.
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Perform initial collection efforts on assigned portfolio of loans.
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Provide recommendations for portfolio management, loan structuring, and underwriting.
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Review and assist in the preparation of Credit Proposals.
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Prepare commercial loan documentation in conformity with the loan approval.
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Actively participate in ongoing business development by calling on prospective and existing clients to nurture ongoing relationships for lending and deposit services.
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Foster relationships with centers of influence to create referral sources.
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Meet with customers’ senior management and visit their facilities in order to understand their business.
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Evaluate prospective loan requests; review customer’s financial, credit, and collateral information to determine viability of the loan request and the appropriate loan structure.
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Negotiate terms with the customer that reflect the customer’s need and the Bank’s asset quality standards.
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Oversee and manage an assigned loan portfolio by reviewing the customer’s financial status and ongoing operations.
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Maintain a credit file on each customer including financial data, correspondence, and other pertinent documents.
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Develop workout programs when appropriate.
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Work with outside legal counsel to ensure that proper documentation is in place for new and existing loans.
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Represent the Bank in various community and industry related activities.
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Maintain knowledge of regulatory compliance and developments for assigned area.
Required Education and Experience
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5 or more years of experience in commercial lending
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Knowledge of loan products, and lending compliance and regulations
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Experience in commercial lending department function and procedures
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Knowledge of commercial loan underwriting requirements
Preferred Background and Experience
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Bachelors in Business Administration with concentration in Finance, Economics or Accounting.
Required Competencies
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Demonstration of the Bank's Core Values of Kindness, Integrity, Community, Teamwork, and Excellence
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Excellent verbal and written communication skills
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Strong business acumen, analytical skills, attention to detail, and sound decision making
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Demonstration of ethical conduct and financial management
Travel
At least 75% daytime travel between offices, bank branches, and customers’ locations.
