Commercial Loan Officer Detail page

Veridian Credit Union; Waterloo (IA); Vor Ort; USD 70.000 - 110.000; Vollzeit

Zusammenfassung

Veridian Credit Union in Waterloo, IA seeks a Commercial Loan Officer to oversee a diverse portfolio of small business and commercial real estate loans. The role emphasizes exceptional member service and relationship management with commercial borrowers.

You will interview applicants, prepare loan documents, assess credit, and collaborate with credit staff to ensure accurate servicing and compliance. This is a full-time on-site position supporting Veridian’s commercial lending goals.

Qualifikationen

• Bachelor's degree or equivalent combination of education, training, and experience.
• 3+ years experience in commercial credit analysis.
• 3+ years experience in business/commercial lending.

Aufgaben

• Create excellent service experiences that promote the Veridian brand.
• Manage day-to-day growth of a commercial loan portfolio (small business and CRE).
• Stay knowledgeable on regulatory changes in commercial lending and advise when needed.
• Interview loan applicants and prepare all required documents for loan granting.
• Assess credit worthiness and recommend approval, disapproval, or referral within policy limits.
• Serve as contact officer on loans submitted for review to senior staff and committees.
• Negotiate terms including costs, repayment schedule and collateral requirements.
• Advise members on business management and refer to resources like SCORE and SBA.
• Collaborate with Credit Analyst and Loan Assistant to assemble loan files.

Kenntnisse

Communication skills

Member service focus

Attention to detail

Team player

Confidentiality

Organizational skills

Self-motivated

Problem solving

Ausbildung

Bachelor's degree or equivalent

Jobbeschreibung

Commercial Loan Officer

Posted about 4 days ago

• Omaha Metro
• Waterloo
• West Des Moines
• Full-time

Summary

The Commercial Loan Officer is responsible for the day to day management of a commercial loan portfolio consisting of small business and commercial real estate loans. This position requires strong member services skills focused on creating and maintaining relationships with small business members and commercial borrowers. Additionally, the position works closely with Commercial Services support staff to monitor commercial relationships and maintain servicing requirements.

Essential Functions

• Create excellent service experiences that promote the Veridian brand.
• Responsible for the day to day management and growth of a commercial loan portfolio consisting of small business loans and commercial real estate loans.
• Be knowledgeable of compliance and regulation related changes in commercial lending, and recommend changes when necessary.
• Interview small business and commercial real estate loan applicants. Accurately prepare all required documents pertinent to the granting of a loan including updating member records.
• Collect and analyze all information pertinent to the granting of a loan to determine the general credit worthiness of the applicant and the merits of the specific loan request. Recommend approval, disapproval, or referral of loan, if appropriate, based on the credit approval limits set in the Commercial Lending Policy.
• Serve as the contact officer on loans submitted for review to a Sr. Commercial Loan Officer, the Sr. Vice President of Commercial Services and/or the Commercial Lending Committee.
• Establish and negotiate, where necessary, the terms under which credit will be extended, including the costs, repayment schedule and collateral requirement.
• Advise members, where possible, on business management and financial matters and refer members to available resources such as SCORE and SBA.
• Work together with the Credit Analyst and Loan Assistant to create the loan file and obtain necessary documentation pertinent to the decision-making process.
• Collect and analyze information as required which reflects the current credit worthiness of borrower during annual review, loan renewal, or at loan maturity.
• Collect on past due loans and negative accounts daily; monitor delinquency and cash flow concerns closely.
• Develop new commercial loan and deposit business by contacting prospects and members.
• Provide necessary follow-up at loan completion, including escrow account balances, paymentof property taxes, payment of insurance premiums, filing of security agreements, etc.
• Actively sell products and services offered by the credit union.
• Contribute positively to team effort by consistently achieving established goals and expectations.
• Participate in community events, groups or organizations that promote Veridian Credit Union’s products and services.
• Provide a leadership role to branch/department staff. Assist with developing staff to increase knowledge, understanding, and experience in commercial lending.

Key Attributes

• Oral and written communication skills.
• Member service focus.
• Attention to detail and accuracy.
• Positive attitude that supports a team environment.
• Dependable and punctual; flexible during peak times.
• High level of confidentiality.
• Organizational skills.
• Self-motivated; ability to work without close supervision.
• Problem solving; analysis.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job:

• Occasionally lift and/or move items over 10 pounds.
• Remain sedentary (seated) for extended periods of time.

Working Conditions

This job operates in a professional office environment and routinely uses standard office equipment.

Travel

Limited travel expected.

Required Education And Experience

• Bachelor's Degree or equivalent combination of education, training, and experience of 8+ years.
• 3+ years experience in commercial credit analysis.
• 3+ years experience in business/commercial lending.

Other Duties

Veridian Credit Union is a PCI compliant financial institution to ensure the security of member information. As such, all employees are expected to ensure security measures are in place and adhered to regarding PCI and other highly secure data compliance requirements.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, and responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

About Veridian Credit Union

Veridian Credit Union, founded in 1934 in Waterloo, Iowa, is a not-for-profit financial cooperative dedicated to partnering with members to create successful financial futures. Veridian offers a competitive salary, benefit and incentive package that includes medical, dental and vision insurance; group term life insurance, 401(k) and profit-sharing plans; and a yearly incentive program. Employees enjoy a supportive work environment where diversity is valued.

Veridian Credit Union provides equal employment opportunities to all employees and applicants for employment without regard to age, race, color, sex, pregnancy, sexual orientation, gender identity, military service, national origin, religion, physical or mental disability, genetic information, or any other classifications protected by applicable federal, state or local laws.

"The best thing about working at Veridian Credit Union is definitely the people! Our staff is an exceptional group of individuals who make every person’s experience here top notch!"

- Lisa, Credit Consultant II 29+ years with Veridian

"The diversity culture we have which allows us to help each of our member in their own language. Also, the involvement we have every year with the community. i.e Jingle in the Junction, Latino Festival, Irish Festival, Kids Festival, and many others."

- Josue, Loan Advisor II13+ years with Veridian