Loan Officer I

About the role

We are seeking a Loan Officer I to support our Commercial Lending Unit, focusing on commercial loan underwriting and credit monitoring/reporting.

Responsibilities

• Perform financial analysis and cash flow analysis to evaluate loan applications.
• Monitor financial covenants and reporting conditions per loan agreement; report violations to manager.
• Prepare and submit credit approval memos in a timely manner for loan approval.
• Present loan packages to appropriate lending authority for approval.
• Analyze cash flow, liquidity, profitability, leverage, and other financial ratios to assess credit risk.
• Evaluate collateral and other relevant credit information to form conclusions.
• Prepare loan presentations that identify strengths and weaknesses of borrower’s credit profile.
• Recommend or deny loan requests in conformance with banking regulations and the Bank’s loan policies.
• Gather documents to perfect the security interest in collateral, if applicable.
• Detect early warning signs of problem loans and notify supervisors immediately.
• Monitor loan covenants and conditions; report violations to manager.
• Assist in loan closing and funding, including obtaining signatures on loan documents.
• Analyze collateral values and insurance coverage.
• Collect loan accounts and overdraft information.
• Submit reports of customer calls and document customer contact.
• Meet customers regularly to grow relationships and identify opportunities.
• Conduct site visits and on-site interviews under the supervision of a portfolio manager.
• Comply with regulatory requirements, including Reg B, HMDA, Bank Secrecy Act, OFAC, USA Patriot Act, CRA, Privacy, and Security.
• Comply with the Bank’s security program, including reviewing and adhering to the End-User Computing Agreement.
• Maintain knowledge of computer systems and industry trends to safeguard against data leaks, identity theft, and security threats.
• Report suspicious activities to manager, Chief Risk Officer, or Information Security Officer.
• Mentor junior lending staff.
• Occasional local travel for client meetings with Relationship Managers.
• Participate in community organizations/events to support the Bank’s CRA objectives.
• Perform other reasonable duties as assigned.

Requirements

• Bachelor’s Degree, preferably in Accounting and Finance.
• 1-2 years of commercial lending experience.
• Korean bilingual preferred.
• Intermediate proficiency with MS Applications.

Pay

The salary range for this full-time position is $31.25 - $36.06 hourly, plus bonus and benefits. Salary ranges are determined based on qualifications, level, and location.