Business Lending Officer

Role:

To originate and manage the Credit Union's portfolio of commercial loans, with overall objective of maintaining and increasing its asset quality; to develop new and existing business relationships.

Essential Functions & Responsibilities:

Takes applications for commercial loan business. Reviews member financial condition and assesses the member's ability to re-pay the loan. Completes or directs completion of all loan documents and closes loans.

Develops lending and deposit business for the Credit Union. Calls on clients to expand existing business; calls on prospects seeking opportunities to expand the Credit Union's client base.

Monitors existing loan portfolio to maintain a high-quality asset base. Maintains up-to-date member files including current balance sheets, profit & loss statements, cash flow projections and all loan documentation. 

Assists in collection of past due loans.

Assists members with any business loan-related questions and concerns.

Performs other job-related duties as assigned.

Performance Measurements:

1. Achieve or exceed projected loan volume.
2. Ensure loan decisions are made and relayed to appropriate parties timely.
3. Ensure loan decisions are in compliance with all applicable Federal, State, and Lending regulations, policies and procedures.
4. Provide informed, professional, and accurate service and support to all members and team members.
5. Submits loans to 3rd party vendors for underwriting and then to Business Lending committee for approval.

Knowledge and Skills:

• Experience Five years to ten years of similar or related experience. 
• Education A college degree. 

Interpersonal Skills

The ability to motivate or influence others is a material part of the job, requiring a significant level of diplomacy and trust. Obtaining cooperation (internally and/or externally) is an important part of the job. 

Other Skills

Must have experience in analyzing business financial statements and assessing the viability of businesses; must have excellent communication and PR skills; ability to use related software required.