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
TravelAt least 75% daytime travel between offices, bank branches, and customers' locations.
