Commercial Loan Officer

About the Role

GenoaBank, founded in 1902, is a locally-owned, independent community bank providing a broad range of banking services to business and private customers across multiple Ohio and Michigan counties. The Commercial Loan Officer makes and services commercial loans within assigned lending limits, makes loan presentations, and participates in commercial lending decisions in accordance with loan policy. This role manages a commercial loan portfolio, performs collection efforts, and is responsible for calling on new customers to generate loan and deposit business.

Business Development

• Develops personal business plan to achieve annual loan production goals
• Calls on non-current business customers to attract new business relationships
• Interviews applicants to develop information concerning their businesses, needs, desires, abilities, and earnings to determine acceptable risk level
• Promotes all GenoaBank products

Lending

• Obtains and analyzes financial statements
• Submits financials to Credit Analyst for review
• Makes lending decisions in accordance with the loan policy manual
• Attends Loan Officer Committee Meetings and participates in loan decision making
• Responsible for loan structuring and making recommendations to the loan committee

Customer Service

• Maintains current relationships by attending to needs and seeking new opportunities within each relationship
• Makes courtesy calls to ensure needs are being met by the bank
• Answers questions and resolves customer complaints
• May give financial advice and counsel to customers and prospective customers
• Assists service staff in collection of annual financial statements

Collection

• Responsible for initiating collection efforts on delinquent loans
• Works with supervisor and/or collection department if delinquency progresses

Other Functions

• Responsible for submitting weekly call reports to Supervisor
• Maintains compliance and required compliance training with all banking laws, acts, regulations and bank policies and procedures
• Any other duties and/or projects as assigned by Management

Requirements & Qualifications

• Education: Bachelor's Degree in Finance, Sales, Business or related field
• Experience: At least 2 years experience in Commercial Lending; background in credit analysis helpful
• Specific Skills: Above average Communication Skills; Strong and proven sales and business development skills
• Specialized Knowledge, Licenses, etc.: Familiar with financial statements and compliance regulations
• Supervisory Responsibility: None
• Working Conditions: Monday thru Friday, 8:00am-5:00pm; hours may be flexible depending on appointments; some evenings and weekends may be required; local travel required

Benefits

• 100% of premiums paid for employee medical, dental, vision, long-term disability, short-term disability, and life insurances
• 401(k) plan with 50% match up to 8% and an additional 4% profit sharing
• Employee Stock Purchase Plan
• Generous paid time off