Loan Officer II

About the role

Keep abreast of industry changes, local economic, financial and legislative events which may have an impact on commercial lending activities.

Responsibilities

• Analyze cash flow, liquidity, profitability, leverage and other financial ratios and be able to come to various conclusions, including evaluation of collateral and other relevant credit information.
• Prepare loan presentations that include all pertinent information associated with the overall risk of the loan, identifying the strengths and weaknesses of borrower’s surrounding credits.
• Recommend or deny loan requests in conformance with banking regulations and Bank’s loan policies and procedures.
• Gather documents to perfect the security interest in collateral, if applicable.
• Detect early warning signs of problem loans and immediate notification to a supervisor, Chief Credit Administrator, Loan Review, or Loan Servicing.
• Monitor loan covenants and conditions per loan agreement and report any violation to manager.
• Aid in loan closing and funding including obtaining signatures on loan documents according to the Bank’s procedures.
• Analyze collateral values and insurance coverage.
• Collect loan accounts and overdraft information.
• Submit reports of calls made and document customer contact.
• Meet customers regularly and seek opportunities to grow relationship.
• Conduct site visits and on-site interviews under the supervision of a portfolio manager.
• Comply with regulatory requirements including but not limited to: Reg B, HMDA, Bank Secrecy Act, OFAC, and USA Patriot Act, CRA, Privacy, and Security.
• Comply with the Bank’s security program, including but not limited to:
• Review and comply with the End-User Computing Agreement.
• Acquire good knowledge on functions and usage of computer systems as related to the assigned job functions.
• Be current and knowledgeable in industry’s trend in safeguarding the Bank against confidential data leak, identity theft, fraudulent activities, and computer security threats.
• Reports suspicious activities to manager, Chief Risk Officer or Information Security Officer.
• Mentor junior lending staff.

Qualifications/Requirements

• Minimum Education Level: Bachelor’s Degree, preferably in Accounting and Finance
• Minimum Job Experience: 3-5 years of commercial lending experience
• Language requirements: Korean bilingual preferred
• Computer/software skills: Intermediate with MS Applications

Pay

The salary range for this full-time position is $70,000.00/yr - $90,000.00/yr + bonus + benefits. Salary ranges are determined based on qualifications, level, and location. Exact compensation may vary based on your skills and experience.