Commercial Loan Officer

First United Bank; Frisco (TX); On-site; USD 70,000 - 90,000; Full time

Job summary

A leading bank in Frisco is seeking a Commercial Loan Officer responsible for developing new business and managing existing commercial relationships. The role involves underwriting, structuring loans, and ensuring compliance with lending policies. Candidates should have a strong background in commercial banking and excellent interpersonal skills.

Qualifications

• Minimum of three years of experience in commercial banking.
• Extensive knowledge of commercial lending policies and procedures.

Responsibilities

• Develop new business through underwriting and closing commercial loans.
• Analyze credit history and negotiate credit terms.
• Cross-sell ancillary products and services.

Skills

Problem Solving

Decision Making

Interpersonal Skills

Communication

Education

Bachelor’s degree in business, finance, or accounting

Job description

We have a great team of friendly, talented, and inspiring people at First United. As a learning organization, we take pride in offering exciting opportunities for employees to grow and follow their passions. That's one of the many reasons First United has been voted as one of the top places to work in Oklahoma since 2009! Browse this page to find out more about the First United culture and the many benefits of working here. Then, use our "Get Started" section to take your first step to being a part of First United.

The Position

Job Title

Job Description

SUMMARY

This position is responsible for developing new business through the underwriting, structuring, and closing of commercial loans, as well as maintaining and servicing an existing portfolio.

MAJOR DUTIES AND RESPONSIBILITIES (ESSENTIAL FUNCTIONS)

• Acquire, expand, and retain commercial relationships using a proactive calling strategy.
• Cross-sell ancillary products and services of the bank.
• Analyze credit history of applicants and determine loan repayment capabilities.
• Negotiate credit terms, such as costs, loan repayment methods, and collateral specifications.
• Develop and maintain interest rate structures consistent with policies and competitive with market rates.
• Evaluate potential customer loan requests and make recommendations to management.
• Review, approve, and disposition of commercial overdrafts daily.
• Review new laws and regulations affecting business lending and make recommendations accordingly.
• Assist and train new commercial loan officers.
• Develop new customer prospects and business for First United.
• Represent the bank in the community through active participation in community affairs.

ADDITIONAL DUTIES AND RESPONSIBILITIES

• Handle customer complaints and escalate issues as needed.
• Maintain cleanliness around the workstation.
• Recommend methods to improve the department.
• Complete all required compliance exams annually.
• Adhere to all policies and procedures.
• Dress professionally.
• Perform other duties as assigned.

EMPLOYEE SPECIFICATIONS

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, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and Work Experience

• Bachelor’s degree in business, finance, or accounting preferred.
• Minimum of three years of experience in commercial banking.
• Extensive knowledge of commercial lending policies and procedures.
• Extensive knowledge of lending services and related areas.
• Good problem-solving and decision-making skills.
• Demonstrates good judgment.
• Strong interpersonal skills and ability to work well with a wide range of people.
• Effective communication skills in written, verbal, and non-verbal forms.
• Willingness to accept additional responsibilities.
• Dependable and adheres to timelines and schedules.
• Proactive in project development and completion.

NOTE: This job description is not all-inclusive. Employee may perform other duties as assigned to meet organizational needs.

All Locations:

If any applicant is unable to complete an application or respond due to a disability, please email us at [e-mail] for assistance.

First United is an Equal Opportunity Employer. We do not discriminate on the basis of race, color, religion, sex, national origin, or other protected characteristics as required by law.