Bachelor's degree in business, finance, or accounting preferred
Minimum of three years of experience in commercial banking
Extensive knowledge of commercial lending policies and procedures
Strong business development experience
Proficient understanding of lending services and related areas
Responsibilities
Acquire, expand and retain commercial relationships with a proactive calling strategy
Cross-sell ancillary products and services to clients
Analyze credit history and assess loan repayment capabilities
Negotiate credit terms, including costs and repayment methods
Maintain interest rate structures aligned with bank policies and competitive market rates
Evaluate loan requests and make recommendations to management
Handle daily review and disposition of commercial overdrafts
Benefits
Professional development and training opportunities
Active role in community participation and networking
Supportive team environment
Potential for career advancement within the bank
Comprehensive compliance training programs
Full Job Description
Job Title Commercial Loan Officer
Job Description
SUMMARY
This position is responsible for developing new business through the underwriting, structuring, and closing commercial loans, as well as maintaining and servicing an existing portfolio.
MAJOR DUTIES AND RESPONSIBILITIES (ESSENTIAL FUNCTIONS)
Acquisition, expansion and retention of commercial relationships using a proactive calling strategy.
Cross-sell ancillary products and services of the bank.
Analyzes credit history of applicants and determines loan repayment capabilities.
Negotiates credit terms, such as costs, loan repayment methods and collateral specifications.
Develops and maintains interest rate structure to be consistent with financial institution policies and procedures, and to be competitive with current market rates.
Evaluates potential customer loan requests and makes loan recommendations to management.
Daily review, approval, and disposition of commercial overdrafts.
Reviews new laws and regulations that influence business lending within the financial institution and makes recommendations to management when necessary.
Provides assistance and recommends training for new commercial loan officers.
Develops new customer prospects and business for First United.
Represents the bank in the local community through active participation in community affairs.
ADDITIONAL DUTIES AND RESONSIBILITIES
Handles customer complaints and escalates issues as needed.
Maintains cleanliness in and around work station.
Recommends to supervisor possible methods to improve department.
Completes all required compliance exams on a yearly basis.
Adherence to all First United Policies and Procedures.
Dresses professionally.
Other duties as assigned by supervisor.
EMPLOYEE SPECIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and Work Experience
Bachelor's degree in business, finance, or accounting preferred.
Minimum of three years of experience in commercial banking.
Extensive knowledge of commercial lending policies and procedures.
Extensive knowledge of lending services and related areas.
Business development experience.
Technical/Functional Competencies
Exceptional customer service skills.
Good problem-solving and decision making skills.
Demonstrates good judgment.
Strong interpersonal skills and ability to work well with a wide range of people.
Ability to communicate well with customers by all means of communication including written, verbal, and non-verbal communication.
Willingness to accept additional responsibilities
Dependable and adheres to time lines and schedules.
Takes initiative in development and completion of projects.
NOTE: This job description is not intended to be all-inclusive. Employee may perform other related duties as assigned by supervisor to meet the ongoing needs of the organization.
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All Locations: Frisco-Preston Road
About First United Bank
First United Bank is a community bank that provides a range of financial services to individuals and businesses. The company was founded in 1900 and is headquartered in Ada, OK. First United Bank offers a variety of banking products, including checking and savings accounts, loans, and credit cards. The company also provides wealth management services, such as investment management and financial planning. First United Bank has a strong presence in Oklahoma and Texas, with over 70 locations in those states. The company is publicly traded and is listed on the NASDAQ stock exchange under the ticker symbol FUNC.
