Commercial Loan Officer

Role

The Commercial Loan Officer will be responsible for providing outstanding service to existing and prospective business members and performing a variety of duties associated with developing new business, structuring, analyzing, underwriting, and closing of all types of complex commercial and participation loans, as well as monitoring, managing reporting and maintaining a loan portfolio.

Summary of Job Responsibilities

• Meet with existing and prospective business members to promote credit unions Business Lending Products and solicit new business
• Interview prospective borrowers and request necessary information to process loan requests
• Analyze and interpret applicant’s financial credit information and collateral
• Underwrite credit requests and prepare credit memorandum while taking into consideration applicable policies, procedures, guidelines and analyzed risks. Present loan to CLO and BLC as required.
• Conduct periodic reviews, extensions and renewals including writing memorandums for the file and reassess updated financial statements
• Maintain loan portfolio to ensure proper management of risk ratings, compliance with loan covenants and early identification of potential problems
• Aid members with inquiries and information requests and resolve issues, promote and cross-sell other products and services as appropriate
• Originate, analyze, underwrite and coordinate the closing of participation loans ensuring compliance with ACCU, Federal and State regulatory requirements
• Monitor participation sold/bought portfolio to ensure proper management of risk ratings, compliance with loan covenants, remittance of payments, loan performance, loan reviews and early identification of potential problem
• Track all prospecting activities and report specific efforts to the Director of Business Lending
• Inform management of key issues affecting the development of new relationships
• Manage the MBL report, call report, board reports and other monitoring activity necessary

Experience

• Five to eight years of similar or related experience as a Commercial Lender at a financial institution, preferably experience in the Phoenix Metropolitan area
• Must be knowledgeable in all areas of commercial lending including sales, underwriting and portfolio management
• Additional experience in loan operations and collections is also desirable

Education

• Equivalent to a college degree in a relevant field

Hours

Monday - Friday: 8:30am - 5:00pm
Occasional weekends
Remote work is available after 90 days (Hybrid).