Loan Officer

About the role

Manages a portfolio of all types of loan/depository accounts. Responsible for prospecting new customers and cross-selling other banking services.

Responsibilities

• 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 on internal account errors.
• Interviews loan applicants: gathers and evaluates financial and related data to establish credit worthiness.
• Monitors customers’ financial condition.
• Reviews and approves or denies loan requests for new or existing customers up to a predetermined limit.
• Prepares action memos for management review and presents credits exceeding authority to the loan committee.
• May serve and vote as a member of the bank loan committee.
• Monitors loan repayment activities and takes necessary action to collect past-due accounts.
• May participate in preparation of department budget, goals, objectives, and strategic planning.
• Participates in civic and community organizations, representing the bank, while following personal interests.
• Attends customer and bank-sponsored events.
• Performs other related duties as assigned by management.
• Ability to maintain regular and reliable attendance.

Requirements

• 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.
• Skill in communicating with clients and co-workers in a courteous and professional manner.
• Skill in operating computer terminals and printers.
• Skills in pricing loans.
• Ability to maintain a high level of confidentiality.
• Ability to problem solve.
• Ability to make sound decisions using available information.
• Ability to demonstrate accuracy and efficiency in a fast-paced environment.
• Ability to function as a team player.

Qualifications

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

Benefits

Benefits for employees working at least 35 hours per week include:

• 8 paid holidays.
• 17 PTO days each year for the first five years of employment (employees must complete a 90-day introductory period prior to accruing PTO).
• 16 hours of paid sick time upon hire date.
• Health, dental, prescription drug card, vision, and voluntary life insurance plans.
• Health savings account with employer contributions.
• Flexible medical and dependent care spending plans.
• 401K plan after 3 months and start of next quarter with employer contributions and profit sharing.
• $50,000 group term life insurance.
• Long-term disability insurance and employee assistance program.

If working less than 35 hours per week, the above benefits are modified.

Pay

Salary $115,000 - $160,000

Physical Requirements

Physical requirements are associated with the general nature and level of work performed in this role.