Commercial Loan Officer 3

To maintain a strong connection with our members and local communities and better understand their unique needs, we are currently considering applications from candidates residing in Oregon and Washington for this position.

Where You Will Work

This is a remote role based in or near Southwest Washington or Portland, Oregon, with regular travel required for on-site events.

Pay

The target annual pay range for this position is $117,216 - $133,200. The full annual pay range is $106,560 - $159,840. We provide an additional $2.00 per hour bilingual differential for employees who can support our members' financial needs effectively in a second language, subject to verification of strong grasp of financial terms. Compensation decisions are determined using factors such as relevant job-related skills, experience, and education or training. In addition to salary, performance-based incentives are available.

About the Role

This position is responsible for developing, growing, and managing a portfolio of quality, member business loan relationships in support of the credit union’s strategic goals within the Washington and Oregon market areas.

Responsibilities

• Identifies and develops new member business loan opportunities through networking and community involvement within the credit union’s footprint.
• Develops profitable and positive networks within the business community.
• Establishes and maintains effective and professional business relationships with existing/prospective members and Centers of Influence (COIs).
• Builds a quality member business loan portfolio by negotiating terms and conditions within the credit union’s prescribed framework while adhering to all commercial lending policies, procedures, and regulations.
• Maintains knowledge of competitor rates, programs, terms, and conditions to strategically present the credit union's programs.
• Performs interviews and consultations with prospective business loan members, handling all aspects of the loan process, including:
  • Collecting and reviewing loan applications and supporting financial documentation.
  • Collaborating with the Credit Analyst to analyze loan requests.
  • Reviewing loan documentation.
  • Performing timely periodic annual term loan and risk reviews.
  • Monitoring delinquencies and identifying potential credit concerns.
• Meets monthly loan production, profitability, sales activities, and outbound calling goals.
• Maintains strong credit quality of the credit union’s member business lending portfolio through ongoing portfolio management.
• Supports a strong relationship banking culture as a subject matter expert in product knowledge and promotion of Peak Credit Union's products and services.
• Attends and participates in all required meetings and work-related events.
• Maintains assigned equipment (e.g., cell phones, computers) in accordance with credit union procedures.
• Ensures work areas are secure and compliant with member privacy regulations and credit union requirements.
• Serves as a resource and develops positive relationships with internal partners and branch personnel.
• Complies with state and federal regulations, completing necessary documentation and disclosures.
• Acts as a mentor to commercial loan officers, assistant commercial loan officers, and other department members.
• Performs other duties as assigned by the Regional Director of Commercial Lending.

Schedule

Monday - Friday, 8:00 AM - 5:00 PM. Full-time, 40 hours per week.

Qualifications

• Minimum of seven (7) years of experience in a high-volume, production-oriented, commercial lending role or equivalent position.
• Valid driver's license to perform job duties.

Preferred Qualifications

• Bachelor’s Degree in Finance, Business, Economics, or a related field.
• Risk Management Association (RMA) Lending Certifications.

Skills

• Knowledge and understanding of commercial lending guidelines, regulatory procedures, and laws.
• Experience with investor commercial real estate, commercial & industrial lending, and business deposit products.
• Proficient use of Microsoft Office products (Word, Excel, Outlook) with the ability to adapt to new technologies.
• Strong networking, relationship management, consultative selling, negotiation, and presentation skills.
• Ability to evaluate loan pricing, terms, risk grades, collateral liquidation value, repayment sources, and industry risks.
• Experience preparing written loan approval requests covering regulatory and credit union requirements.
• Ability to understand complex business loan requests and assess financial capacity of borrowers/guarantors.
• Entrepreneurial spirit with the ability to work collaboratively.
• Ability to generate a high volume of new loan originations and manage a significantly sized loan portfolio.
• Strong knowledge of commercial credit analysis, including borrower financial statements, CRE investor real estate, and C&I lending concepts (construction lending knowledge preferred).
• Experience with financial services loan and documentation systems (e.g., LaserPro, LOS systems, spreading software) preferred.
• Direct experience in commercial lending and/or business development within the core market area preferred.

Benefits

• Medical, dental, vision, and life insurance coverage for employees and eligible family members, with an option for 100% company-paid employee-only coverage.
• Health Care FSA (HCFSA), Health Savings Account (HSA) with employer contributions, and Dependent Care FSA (DCFSA).
• Life and AD&D insurance.
• 401k plan eligibility.
• Vacation and sick leave accrual: 8 hours of each per month.
• 11 paid holidays, 1 floating holiday, 16 hours of self-care time, and 16 hours of volunteer time per calendar year.

All benefits except 401k start the first of the month following the date of hire. Employees become eligible to contribute to 401k on the first of the month following 60 days of employment.