Business Lending Officer/Processor

Central Sunbelt Federal Credit Union; Hattiesburg (MS); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

401K matching

Competitive salary

Dental insurance

Paid time off

Profit sharing

Tuition assistance

Vision insurance

Job summary

Central Sunbelt Federal Credit Union in Hattiesburg, MS is seeking a Business Lending Officer/Processor to provide information on credit union products for business members and support the development of the commercial loan portfolio.

The role involves collecting and analyzing financial data, preparing forms, coordinating with the VP of Commercial Lending, and ensuring compliance with BSA/AML/OFAC while delivering excellent member service.

Qualifications

• Bachelor’s degree or equivalent with a minimum of two years of commercial lending experience.
• Ability to analyze financial statements and assess borrowing capacity.
• Knowledge of commercial lending laws and collateral appraisal.
• Strong written and oral communication skills.
• Detail-oriented and organized.

Responsibilities

• Gather background information and collect required details for business loan applications.
• Interview applicants for refinancing or loan rewrites.
• Assist applicants through the loan process to ensure complete information.
• Pull credit reports, verify debt, and estimate monthly payments.
• Calculate debt-to-income and determine secured vs unsecured debt.
• Prepare loan documents and disburse loans upon approval.
• Explain denial reasons and explore options with members.
• Ensure compliance with Bank Secrecy Act, AML, MIP, OFAC.
• Support VP of Commercial Lending in collection efforts.

Skills

Financial analysis

Credit memorandum

Communication skills

Attention to detail

Interpersonal skills

Education

Bachelor’s degree or equivalent

Job description

Benefits:

• 401(k) matching
• Competitive salary
• Dental insurance
• Paid time off
• Profit sharing
• Tuition assistance
• Vision insurance

BUSINESS LENDING OFFICER/PROCESSOR

AVAILABLE IN HATTIESBURG, MS OR GULFPORT, MS

REPORTS TO: Vice President of Commercial Lending

SUMMARY/OBJECTIVE:

Provide information on credit union products and services to current and potential business members according to all credit union policies and procedures and federal rules and regulations. Support the VP of Commercial Lending in development of the business loan portfolio. Prepare, assess, process and document all required forms and related communication.

FLSA Classification: Exempt

ESSENTIAL FUNCTIONS:

Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

• Gather background information on members applying for business loans by reviewing applicants and obtaining all necessary information.
• Interview members requesting refinancing or rewrites of existing business loans.
• Assist members with the loan application process in person, on the phone or electronically to ensure completeness of information.
• Pull credit reports for all accounts, verify debt, estimate monthly payments for any outstanding debts not listed and add them to debts on the application.
• Calculate debt-to-income ratios on loan applications and calculate how much of the applicant’s debt is secured or unsecured.
• Ensure that sound analysis and lending procedures are followed. Act in compliance with Business Loan Policy always.
• Evaluate the information provided by the business owner.
• Generate offer letters or decline notices as decisions are made on applications.
• Explain reasons for denial and explore options for members when business loans are denied.
• Verify the accuracy of business loan amounts and repayment terms on approved loan applications. Complete loan documents and disburse loans when approved.
• Answer questions related to business loans.
• Responsible for assisting the Vice President of Commercial Lending in collection efforts on business accounts.
• Maintain and understand compliance to ensure that work complies with the credit unions established policies, procedures and applicable regulations.
• Maintain and understand compliance to ensure that work complies with the credit unions established policies, procedures and applicable regulations, to include Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Member Identification Program (MIP), and Office of Foreign Asset Control (OFAC).
• Performs other duties assigned or required in connection with the general operation of the credit union.

REQUIREMENTS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills and/or abilities required.

• Ability to analyze, interpret and communicate orally and in writing (prepare a credit memorandum) the financial status of the balance and income statements, Cash Flow Statements for all types of businesses including business applicants to determine their potential borrowing capacity
• Extensive knowledge of business laws as well as commercial laws and regulations related to commercial lending.
• Knowledge of the methods for appraising all types of collateral.
• Good organizational and professional communication skills, both written and oral.
• Good oral and written communication skills and must be detail oriented.

EDUCATION & QUALIFICATIONS:

• Bachelor’s degree or equivalent with a minimum of two years of commercial lending experience.

WORK ENVIRONMENT:

Reasonable accommodation may be provided to enable individuals with disabilities to perform the essential functions.

• Primarily in-door office work with quiet to moderate noise levels.
• Occasional work outside the office.
• Occasional travel for business-related functions.
• Occasional evening and weekend schedules may be required.

POSITION TYPE/EXPECTED HOURS OF WORK:

• This is a full-time position. Days and hours of work are Monday through Friday 8:00 a.m. to 5:00 p.m., and occasional Saturdays may be required; May also require occasional travel for training as needed. Hours may change without notice.

PHYSICAL DEMANDS

Requires sitting most of the day, lifting up to 35 pounds, bending, squatting, climbing, kneeling and reaching above shoulder level occasionally, reaching below shoulder level frequently, twisting continuously.

EMPLOYMENT REQUIREMENTS:

• U.S. Citizenship
• Successfully passing a background investigation

BENEFITS OFFERED:

• 401K, With employer match and profit shares.
• Company provided Life, AD&D STD, LTD, Medical
• Dental & Vision
• Aflac Insurance products
• Paid Holidays
• Employee Education Assistance Program
• PTO (Paid time off) that begins accruing day one (usable after 90 days)
• Employee Assistance Program (EAP)

DECLARATION

This job description is designed to cover or contain a comprehensive list of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Sunbelt FCU is an Equal Opportunity Employer.