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Commercial Loan Officer Jobs

Company

Global Credit Union

Address , Renton, 98057, Wa
Employment type FULL_TIME
Salary $80,000 - $137,981 a year
Expires 2023-07-27
Posted at 11 months ago
Job Description
Overview:
Reports To: Varies by location

Primary Functions:
Responsible for developing new business, structuring, underwriting, and closing of business and commercial loans, as well as monitoring and maintaining a loan portfolio.

Duties and Responsibilities:
  • Analyze applicant's financial status, credit, and evaluate collateral to determine feasibility of loan approval.
  • Negotiate loan structure with prospective borrower, including fees, loan repayment terms and other credit terms.
  • Underwrite credit requests taking into consideration applicable policies, procedures, guidelines and analyzed risk and present processed applications to appropriate approval authorities within the credit union as required.
  • Interview prospective borrowers and request necessary information to process loan requests.
  • Promote and cross-sell other products and services as appropriate.
  • Perform other duties as assigned.
  • Monitor loan portfolio to ensure proper management of risk ratings, compliance with loan covenants and early identification of potential problems. Participate in collection efforts as necessary.
  • Participate in the credit union's business development activities, represent the credit union in industry and professional associations, community organizations, local business groups, etc.
  • Meet with business members and prospective business members to promote the credit union's commercial loan services and solicit new business.
  • Assist members with inquiries and information requests and resolve issues relating to loan products and services offered.
Qualifications:
Education: Bachelor's degree in finance, business or economics.

Creditable Experience in Lieu of Education:
Minimum five years of commercial lending experience.

Experience/Skills:
Strong oral and written communication skills. Ability to read, analyze, and interpret common scientific and technical journals, financial reports, tax returns and legal documents. Ability to respond to inquires or issues from members, regulatory agencies, or business community participants. PC proficiency in Microsoft Office Suite. Sales oriented personality preferred.

Tenure:
Not Applicable

Equal Opportunity Employer

Compensation:
Commercial Loan Officer (Category 07)

Salary Pay Range:
$80,000 - $137,981 annually. Starting base salary will be determined based on candidate experience, qualifications, education, and local or state wage requirements, if applicable and will fall within the range provided above.
Benefits:
  • Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
  • 401(k) plan with a 5% match
  • Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
  • Short-term and long-term incentives
  • Employee Assistance Program (EAP)
  • Voluntary cash benefits for accident, hospitalization and critical illness
  • Life and disability coverage
  • Click here to view Alaska USA’s comprehensive Benefits Programs.
  • Tuition Reimbursement
Equal Opportunity Employer