Loan Officer

GENERAL SUMMARY

RESPONSIBILITIES AND DUTIES

• Possesses a portfolio of all types of loan/depository accounts.
• Prospects new customers and solicits new loans.
• Cross-sells other banking services to new and existing customers.
• Maintains ongoing customer contact to ensure good customer relations.
• Performs ongoing management of a portfolio of all types of account relationships, including account reviews, problem solving, research, and follow-up to internal account errors.
• Interviews loan applicants: gathers and evaluates financial and related data to establish creditworthiness.
• Maintains monitoring of customers' financial condition.
• Reviews and approves or denies loan requests to new or existing customers up to a pre-determined limit.
• Prepares action memos to be reviewed by management and presents credits exceeding authority to the loan committee.
• Serves and votes as a member of the bank loan committee.
• Maintains monitoring of loan repayment activities and takes necessary action to collect past-due accounts.
• Participates in the preparation of department budget, goals, and objectives, and strategic planning.
• Attends customer and bank-sponsored events and represents the bank while following personal interests.
• Performs other related duties as assigned by management.

KNOWLEDGE, SKILL, AND ABILITIES

• Knowledge of agriculture, commercial, and consumer lending procedures.
• Knowledge of credit structuring.
• Knowledge of general banking principles and practices.
• Knowledge of sales and marketing practices and principles.
• Communicates with clients and colleagues in a courteous and professional manner.
• Operates computer terminals and printers.
• Skills in pricing loans.
• Maintains a high level of confidentiality.
• Problem-solving abilities.
• Ability to make sound decisions based on available information.
• Demonstrates accuracy and efficiency in a fast-paced environment.
• Functions as a team player.

EDUCATION AND EXPERIENCE

• College degree preferred.
• Three years lending experience preferred.

PHYSICAL REQUIREMENTS

• Rotating Saturdays may be required.