Position SummaryThe Commercial Loan Officer (CLO) is responsible for managing and growing profitable commercial lending relationships through active networking and cold calling efforts with local centers of influence such as accountants, attorneys, and brokers.
Essential Functions- Responsible for the initial screening and evaluation of potential commercial loan transactions, including site visits.
- Evaluate and structure loan requests balancing Unity's credit philosophy with the applicant's requests.
- Prepare and submit to the credit department, an initial draft of the loan proposal, including collateral, cash flow and guarantor analysis, along with all other required documents.
- Responsible for accuracy of all content in the loan proposal.
- Present loan proposal to senior management and or executive loan committee.
- Assist the credit and closing departments in obtaining required documentation to facilitate timely closings.
- Cross-sell other Unity Bank products and business partner services.
- Monitor and report assigned loan portfolio activity to senior management as required by Unity Bank policy and procedures.
- Responsible for ongoing monitoring of financial performance including renewals and any necessary memos.
- Complete other reporting requirements as directed by senior management.
- Assist other areas (ex. Collections, Retail) of Unity Bank regarding assigned loan portfolio as directed by senior management.
Additional Functions- Knowledge of commercial lending parameters is essential
- Must be self-motivated and able to work independently
- Must be able to demonstrate proven track record of successful loan commercial loan origination's
- Must be able to cross-sell banking products
- Must be willing and able to travel locally
- Must be willing to work extended hours as necessary to attend evening business functions
Education and Experience- College degree, preferred
- Formal bank credit training, preferred
- Must have a minimum of five (5) years commercial lending experience.
Knowledge, Skills, and Abilities- A Commercial Loan Officer's performance is assessed from the volume of new commercial loans originated, new retail accounts, and number and/or type of referrals made to Unity Bank business partners.
- Individual requirements are negotiated with hire.
Required Manual Skills:- PC proficient
- Working knowledge of software including Word, Excel, FISERV (a plus)
- Other office machines (i.e., fax, copier, printer)
Compliance- It is the responsibility of each bank staff member and of management to adhere to policies and procedures designed to implement compliance with the laws and regulations to which the bank is subject. Each bank staff and management member shall be accountable for understanding how compliance with laws and regulations affects the performance of their day-to-day duties, for completing compliance training as assigned and for carrying out those duties in a manner to achieve compliance with those laws and regulations.
This job description is not an employment agreement or contract, implied or otherwise. Unity Bank maintains "at will" employment.This document describes the position currently available. It is intended to convey information essential to understanding the scope of the position and is not an exhaustive list of skills, efforts, duties, responsibilities, or working conditions associated with it. Unity Bank reserves the right to modify duties or job descriptions at any time. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities at any time. Individuals may perform other duties as assigned, including work in other functional areas to cover absences or relief, to equalize peak work periods, or otherwise balance the workload.
