Commercial Loan Officer

Talentify; Renton (WA); On-site; USD 90,000 - 173,000; Full time

Benefits offered by this job

Incentives

Healthcare (Medical/Dental/Vision)

401(k) match

EAP

Life & Disability

Voluntary benefits

Tuition reimbursement

Paid time off

Job summary

Global is seeking a Commercial Loan Officer to develop new business, structure, underwrite, and close commercial loans, while actively monitoring and managing a loan portfolio. You will meet with business members to promote credit union loan services, interview borrowers, analyze financials and collateral, negotiate terms, and present files for approval.

This role requires strong communication, proficiency with Microsoft Office, and a sales mindset to cross-sell services and contribute to

Qualifications

• Strong oral and written communication skills.
• Ability to read, analyse, and interpret financial reports and tax returns.
• Sales oriented with client development focus.
• Proficient in Microsoft Office Suite.

Responsibilities

• Meet with business members to promote loan services and solicit new business.
• Interview prospective borrowers and collect information for loan requests.
• Analyze applicant financial status, credit, and collateral to assess feasibility.
• Negotiate loan structures and terms with borrowers.
• Underwrite requests per policies and present to approval authorities.
• Assist members with inquiries and cross-sell other products.
• Monitor loan portfolio and identify risk; participate in collections as needed.
• Represent the credit union in industry and community activities.
• Perform other duties as assigned.

Skills

Oral and written communication

Sales orientation

Financial statement analysis

Education

Bachelor's degree in finance, business or economics

Tools

Microsoft Office Suite

Job description

Overview

Reports To: Varies by location

Functions Supervised: None

Primary Functions: Responsible for developing new business, structuring, underwriting, and closing of business and commercial loans, as well as monitoring and maintaining a loan portfolio.

Duties and Responsibilities:

Meet with business members and prospective business members to promote the credit union's commercial loan services and solicit new business.

Interview prospective borrowers and request necessary information to process loan requests.

Analyze applicant's financial status, credit, and evaluate collateral to determine feasibility of loan approval.

Negotiate loan structure with prospective borrower, including fees, loan repayment terms and other credit terms.

Underwrite credit requests taking into consideration applicable policies, procedures, guidelines and analysed risk and present processed applications to appropriate approval authorities within the credit union as required.

Assist members with inquiries and information requests and resolve issues relating to loan products and services offered.

Promote and cross-sell other products and services as appropriate.

Monitor loan portfolio to ensure proper management of risk ratings, compliance with loan covenants and early identification of potential problems. Participate in collection efforts as necessary.

Participate in the credit union's business development activities, represent the credit union in industry and professional associations, community organisations, local business groups, etc.

Perform other duties as assigned.

Qualifications

Education: Bachelor's degree in finance, business or economics.

Creditable Experience in Lieu of Education: Minimum five years of commercial lending experience.

Experience/Skills: Strong oral and written communication skills. Ability to read, analyse, and interpret common scientific and technical journals, financial reports, tax returns and legal documents. Ability to respond to inquires or issues from members, regulatory agencies or business community participants. PC proficiency in Microsoft Office Suite. Sales oriented personality preferred.

Tenure: Assignment to the Commercial Loan Officer (Category 07) position or the Senior Commercial Loan Officer (Category 06) position will be determined by the candidate's education and/or experience. Advancement requires management recommendation and will be based on the candidate's performance.

Compensation

Starting base salary will be determined based on candidate experience, qualifications, education, and applicable local or state wage requirements, and will fall within the range provided below. In accordance with our Salary Administration policy, new hire base salaries generally fall between the minimum and midpoint of the listed range.

Salary Pay Range: 06

$100,331 - $172,572 annually

Salary Pay Range: 07

$90,389 - $152,718 annually

Benefits

• Short-term and long-term incentives
• Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
• 401(k) plan with a 5% match
• Employee Assistance Program (EAP)
• Life and disability coverage
• Voluntary cash benefits for accident, hospitalization and critical illness
• Tuition Reimbursement
• Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
• Click here to view Global’s comprehensive Benefits Programs

Equal Opportunity Employer