Business Loan Officer
Community First Credit Union
The primary responsibilities of a Business Loan Officer are to work with branch employees and business owners to help generate business services and business loans from current and potential members.
Major Duties and Responsibilities:
Develop and implement calling efforts for business members, focusing on new relationship creation, relationship expansion and external referral sources. Generate leads through branch network and referrals, calling existing contacts and internal partners to develop loans. Participate in local and community activities, and cold calling, if necessary, to generate business.
Collaborate with branch staff, along with the use of networking and referral activities to identify small business prospects as well as generating new leads.
Conduct efficient and thorough credit pre-screen analysis on loan requests to determine credit worthiness. Prepare credit memoranda with corresponding attachments to accurately present pertinent credit risks, and provide applicable recommendations to Vice President Business Lending and Business Lending Loan Committee.
Develop loan packages and gather pertinent financial information. Upon approval, deliver terms and review details with the Borrower.
Prepare and present credit analysis for approval on all borrowing requests including the analysis of various credit risk assets to ensure loan quality is maintained at a high level within established credit union policy.
Work closely with Business Lending support team in the review of documentation and obtaining data needed for loan closing.
Perform credit administration tasks including member and site visits, covenant compliance, borrowing base review, financial statement review, risk rating analysis, and periodic review of collateral and documentation, as needed.
Perform ongoing portfolio management, including annual reviews and monitoring. Work closely with Business Lending support team to monitor collateral periodically to detect any loss in value; monitor collateral exceptions and follow up on pending items.
Manage and control assigned portfolio of business accounts to guarantee borrowing relationships are within established risk parameters. Manage the risk associated with existing borrowing relationships through appropriate credit strategies, structure, and compliance with credit policies. Minimize Credit Union risk and maximize borrowing potential.
Work closely with Vice President Business Lending to monitor delinquency reports and follow up on member’s financial condition to determine when closer monitoring is needed.
Monitor compliance with the Credit Union’s policies and practices, and regulatory requirements. Stay current with operational changes and required training.
Five years experience in a business development, business lending, or related, position. Experience within a financial institution preferred.
Must have experience in analyzing business financial statements and assessing the
viability of businesses; must have excellent communication and PR skills; ability
to use related software required.
Community First Credit Union is an Equal Opportunity Employer M/F/D/V
Bachelor’s Degree in Business Administration, or related field.
Please apply online.