Loan Officer Trainee - Camrose City Centre

Vision Credit Union; Camrose; On-site; CAD 45,000 - 55,000; Full time

Benefits offered by this job

Comprehensive benefits package

Job summary

Vision Credit Union in Camrose is seeking a Loan Officer Trainee to examine, evaluate, and process loan applications for members. Reports to Branch Manager/Assistant Branch Manager; role involves maintaining member loan accounts and adhering to regulations and policies.

Two years’ credit granting experience and knowledge of agricultural/commercial lending are preferred. Position offers salary and comprehensive benefits with opportunities to advance within the branch.

Qualifications

• Two years’ credit granting and knowledge of agricultural and commercial lending.
• Ability to analyze and interpret the needs of clients and offer the appropriate options, solutions, and resolutions required.
• Ability to deal with people sensitively, tactfully, diplomatically, and professionally at all times.
• Exceptional conflict resolution, negotiation, and objection handling skills.
• Superior time management skills, multitasking skills, and the ability to prioritize tasks with minimal supervision.
• Cooperative or Credit Union industry experience is a benefit.

Responsibilities

• Meet with members to obtain information for loan applications and to answer questions about the application and loan disbursement process.
• Work with members to identify their personal or business financial goals and aid them in finding ways to reach their goals.
• Obtain and compile copies of loan applicant’s credit histories, corporate financial statements, and other financial information.
• Analyze applicants’ financial status, credit, and property evaluations to determine the feasibility of granting loans.
• Explain to members the different types of loans and credit options that are available, as well as the terms of those services.
• Improve loan applications and documentation by informing applicants of additional requirements and gather information as necessary.
• Approve loans within specified limits, reject loans by explaining deficiencies to applicants, and refer loan applications outside of the specified limits to management for consideration.
• Compute payment schedules.
• Complete loan documents by explaining provisions to applicants, obtaining signatures and notarizations, and collecting fees.
• Review and update loan documentation.
• Address member complaints and take appropriate action to remedy them.
• Negotiate payment arrangements with members who have delinquent loans.
• Prepare reports or letters to send to members whose accounts are delinquent.
• Accurately scan loan documentation on a daily basis or as required.
• Adhere to all Vision Credit Union Ltd. policies and procedures.
• Follow all compliance policies and procedures in relation to Anti-Money Laundering and Anti-Terrorist Financing Guidelines.
• Assist the Branch Manager/Assistant Branch Manager with other duties as assigned.

Skills

Credit analysis

Client needs analysis

People skills

Negotiation

Time management

Credit union experience

Education

High school diploma

Credit union experience or related financial experience

Job description

Loan Officer Trainee - Camrose City Centre

Loan Officer Trainee - Camrose City Centre

The Loan Officer/Loan Officer Trainee, under the direction of the Branch Manager/Assistant Branch Manager, will examine, evaluate, and process loan applications for all member requests. The Loan Officer/Loan Officer Trainee will work within organizational constraints to provide appropriate funding options to members. The incumbent in this position will maintain member loan accounts, organize and update information as necessary, and report appropriate information to the Branch Manager/Assistant Branch Manager. The Loan Officer/Loan Officer Trainee will carry out these duties while maintaining a strict adherence to all appropriate legislative regulations, credit union policies, and professional practices.

• Two years’ credit granting and knowledge of agricultural and commercial lending.
• Ability to analyze and interpret the needs of clients and offer the appropriate options, solutions, and resolutions required.
• Ability to deal with people sensitively, tactfully, diplomatically, and professionally at all times.
• Exceptional conflict resolution, negotiation, and objection handling skills.
• Superior time management skills, multitasking skills, and the ability to prioritize tasks with minimal supervision.
• Cooperative or Credit Union industry experience is a benefit.

Compensation:

• Salary range $50,000.00/annually.
• Comprehensive benefits package.

Position Title: Loan Officer/Loan Officer Trainee
Reports To: Branch Manager/Assistant Branch Manager

Summary

The Loan Officer/Loan Officer Trainee, under the direction of the Branch Manager/Assistant Branch Manager, will examine, evaluate, and process loan applications for all member requests. The Loan Officer/Loan Officer Trainee will work within organizational constraints to provide appropriate funding options to members. The incumbent in this position will maintain member loan accounts, organize and update information as necessary, and report appropriate information to the Branch Manager/Assistant Branch Manager. The Loan Officer/Loan Officer Trainee will carry out these duties while maintaining a strict adherence to all appropriate legislative regulations, credit union policies, and professional practices.

Job Duties/Responsibilities

• Meet with members to obtain information for loan applications and to answer questions about the application and loan disbursement process.
• Work with members to identify their personal or business financial goals and aid them in finding ways to reach their goals.
• Obtain and compile copies of loan applicant’s credit histories, corporate financial statements, and other financial information.
• Analyze applicants’ financial status, credit, and property evaluations to determine the feasibility of granting loans.
• Explain to members the different types of loans and credit options that are available, as well as the terms of those services.
• Improve loan applications and documentation by informing applicants of additional requirements and gather information as necessary.
• Approve loans within specified limits, reject loans by explaining deficiencies to applicants, and refer loan applications outside of the specified limits to management for consideration.
• Compute payment schedules.
• Complete loan documents by explaining provisions to applicants, obtaining signatures and notarizations, and collecting fees.
• Review and update loan documentation.
• Address member complaints and take appropriate action to remedy them.
• Negotiate payment arrangements with members who have delinquent loans.
• Prepare reports or letters to send to members whose accounts are delinquent.
• Accurately scan loan documentation on a daily basis or as required.
• Adhere to all Vision Credit Union Ltd. policies and procedures.
• Follow all compliance policies and procedures in relation to Anti-Money Laundering and Anti-Terrorist Financing Guidelines.
• Assist the Branch Manager/Assistant Branch Manager with other duties as assigned.

Requirements

• High school diploma
• One or two years’ exposure of credit union or related financial experience.
• Ability to analyze and interpret the needs of clients and offer the appropriate options, solutions, and resolutions required.
• Ability to deal with people sensitively, tactfully, diplomatically, and professionally at all times.
• Exceptional conflict resolution, negotiation, and objection handling skills.
• Superior time management skills, multitasking skills, and the ability to prioritize tasks with minimal supervision.
• Well-developed mathematical and logical reasoning skills.
• Professional appearance and manners.
• High level of sound and independent judgement, reasoning, and discretion
• Ability to work well under pressure and meet set deadlines.
• Strong work ethic and positive team attitude.

We may very well be the right fit for you….and you for us.

We’re Vision Credit Union. Although we offer loans, deposits, financial planning service, RRSP’s, mutual funds, insurance products and other product that most F.I.’s are able to offer, we do things a little (some would say a lot) different at our “shop”.

Our focus is our 38,000 member-owners. We’re an organization based on principles over profit. I f you are eager to launch a rewarding career with our organization, you will need to be able to naturally and consistently provide “well above the norm” member service. After all, the Credit Union system has been chosen tops in Canada for twelve years straight in the area of customer service. That’s a reputation we pledge to continue.

We believe that charging excessive fees or providing products and services that benefit our Credit Union more than our valued members is wrong. We also believe that the bulk of our profits must be shared by our members and that some of our profits need to be channeled back to community initiatives in the small rural communities where we live and work.

At Vision Credit Union, an equal opportunity employer, we treat members special. Our goal is to ensure that every one of our members feels like an extension of our “family”. The team, of which you would be a part, is small in numbers but capable of “moving mountains”. We believe in common purpose (life-long member-owners). We strive for error-free work and accountability. W e’re collectively recognized for our great work: in both 2016 and 2017 Vision C.U. was named one of Alberta’s Top 70 Employers in 2016 and 2018, Vision earned the title: Alberta’s Credit Union of the Year.

Only those individuals invited for an interview will be contacted.