ROLE
The Loan Officer works directly with clients to assess their eligibility for loan products and recommend consumer, commercial, and agricultural lending solutions that best meet their personal or business needs. This position reviews and analyzes loan applications to independently evaluate, approve, and/or recommend credit requests in accordance with bank policies and lending guidelines. The Loan Officer is also responsible for preparing and maintaining required loan documentation to ensure compliance with applicable regulations and internal policies.
ESSENTIAL FUNCTIONS
This position is responsible for the following functions:
- Evaluate application data to advise prospective borrowers on commercial, agricultural, and consumer loan products best suited to their individual or business needs
- Assist customers in completing initial loan applications; review submitted applications for accuracy and completeness, and request additional information as needed
- Verify information and financial history provided, including obtaining credit reports from major credit reporting agencies
- Analyze loan applications and assess borrower creditworthiness; approve, deny, modify, or recommend decisions on loan requests in accordance with established lending guidelines
- Approve loans within assigned lending authority and refer loans exceeding approval limits to management for further review and approval
- Ensure loan agreements are completed in accordance with bank policies and procedures; calculate and explain payment schedules and loan terms to customers
- Explain lending products, credit options, and related bank services to prospective and existing customers
- Maintain accurate lending records, credit files, and supporting documentation
- Develop and maintain a strong referral network within the local community, including builders, real estate agents, and other business partners
Various other duties as assigned
QUALIFICATIONS
EDUCATION/CERTIFICATION: Bachelor’s degree in Business, Finance, or related field preferred; High School Diploma or equivalent required
REQUIRED KNOWLEDGE: Full knowledge of loan services offered by Peoples Bank and Trust, understanding of all PBT policies and procedures related to loan services provided, functional understanding of reports required to maintain and track outstanding loans, and a sound understanding of business finance principles and advisement
EXPERIENCE REQUIRED: 2+ years banking experience preferred
SKILLS/ABILITIES: Attention to detail, strong written and verbal communication skills, self-motivation, self-management, ability to consistently follow through on tasks, problem solving, organized, analytical, interpersonal, customer relationship building, time management, computer literacy, strong ability to multi-task
PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION
TALKING: Ability to speak effectively and communicate clearly
AVERAGE HEARING: Ability to hear average conversations at a standard level in an office environment around other customers and bank personnel
REPETITIVE MOTION: The employee is regularly required to type throughout the day
FINGER DEXTERITY: The employee is regularly required to use hands to type and maneuver a mouse
AVERAGE VISION: Specific vision abilities required by this job include close vision, color vision, peripheral vision, depth perception and ability to adjust focus with 20/20 vision (with or without the assistance of eyeglasses/contacts)
PHYSICAL STRENGTH: The employee must occasionally lift and/or move up to 20 pounds (unassisted) as well as stand, sit, bend, kneel, squat and walk for long periods of time
WORKING CONDITIONS
General professional office environment with climate control and adequate lighting. Occasional additional hours outside of regular bank service hours to complete tasks.
MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION
REASONING ABILITY: Ability to deal with a variety of variables under only limited standardization.
MATHEMATICS ABILITY: Strong numeric capabilities; Ability to add, subtract, multiply and divide in all units of measure using whole numbers and common fractions.
LANGUAGE ABILITY: Ability to read, analyze, and interpret documents. Ability to communicate clearly
INTENT AND FUNCTION OF JOB DESCRIPTIONS
Job descriptions assist organizations in ensuring that the hiring process is fairly administered and that qualified employees are selected. They are also essential to an effective appraisal system and related promotion, transfer, layoff, and termination decisions. Well constructed job descriptions are an integral part of any effective compensation system.
All descriptions have been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all-inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate.
In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.
Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law.
