Lending Officer conducts lending activities for an assigned market or geographic area. Develops a pipeline of customers through referrals, inquiries, and outreach. Being a Lending Officer performs a due diligence review of potential borrowers, including a risk and financial analysis. Structures loan proposals, prepares credit memos, and presents to loan committee for approval. Additionally, Lending Officer may manage a portfolio of existing loans, including reviewing financial reporting, monitoring compliance with loan terms, and handling loan modifications or workouts. Ensures adherence to regulations, bank credit policies, and procedures. Typically requires a bachelor's degree. Typically reports to a manager. The Lending Officer work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Lending Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
The Commercial Loan Officer is responsible for developing and managing the commercial loan portfolio. As part of a team, this lending position will be responsible for sourcing new relationships and growing the loan and deposit portfolio of the Business Services Department.
In addition to lending responsibilities, the Commercial Loan Officer will assist the members when needed in opening, closing, and maintaining commercial accounts; closing commercial loans, and maintaining proper documentation and reviews of commercial loans.
The Commercial Loan Officer will also support and assist the Business Services Specialist in the daily operations of the commercial loan department including interacting with commercial members with their deposit and loan requests; assisting in preparing, presenting, closing, and monitoring commercial loan requests and developing and maintaining business loan service relationships to help support loan operations.
With support from Business Development, this position will also be responsible for contacting businesses and corporations to determine the need for business services and loans within their operations.
Responsibilities
Qualifications
Compensation
$70,000 at plan commission
Job Type: Full-time
Pay: $70,000.00 - $80,000.00 per year
Benefits:
Compensation package:
Schedule:
Work setting:
Work Location: In person