Commercial Loan Officer II

CEN; Lubbock (TX); On-site; USD 75,000 - 105,000; Full time

Job summary

CEN in Lubbock, TX is seeking a Commercial Loan Officer II to assess credit needs, analyze financials, and ensure compliance with applicable laws and bank policies. The role focuses on accurate credit administration and maintaining current loan documentation for assigned borrowers.

You will interview applicants, evaluate credit histories, authorize or recommend approvals, and manage a growing loan portfolio while developing new business and coordinating collections as needed.

Qualifications

• Broad knowledge of accounting, finance, or related fields.
• Equivalent to a four year college degree, plus 5 years related experience and 4 years related management experience.
• Strong written and verbal communication; ability to assess creditworthiness and compliance.

Responsibilities

• Interviews commercial loan applicants and assesses credit history.
• Examines and evaluates applicants' financial history to determine creditworthiness.
• Authorizes or recommends approval/denial of loan requests.
• Prepares loan offering memoranda and ensures documents comply with policy.
• Closes/Declines loans in a timely manner and communicates decisions to customers.
• Develops new business opportunities and manages existing loan portfolio.
• Monitors risk ratings and coordinates collection efforts when needed.
• Completes required compliance training and maintains policy standards.

Job description

Lubbock - 98th Branch
Lubbock, TX 79424, USA

Description

GENERAL DESCRIPTION OF POSITION

The Commercial Loan Officer II is responsible for extending credit within the policies and guidelines set forth in the loan policy. This position ensures that all loan decisions, actions, and recommendations are based on an accurate and thorough understanding of each customer's financial needs and conditions and comply with all laws, regulations, and bank policies. The Commercial Loan Officer II must properly administer the creditworthiness and documentation of all loans and/or borrowing relationships originated or assigned to the officer. Further, it is the officer's responsibility to maintain current credit files and proper note and collateral security documents.

In addition, each officer shall be responsible for:

• A. Assigning the proper credit rating to loans as defined in this policy at origination and as conditions may change with the normal credit monitoring process. It is expected that officers should be the first to recognize and report deterioration in the credit quality of a loan or borrowing relationship. Early identification of problem loans is extremely important to minimizing losses.
• B. Recommending approval and administer workout programs for problem loans.
• C. Recommending approval and monitor levels of reserves established for loans serviced by the officer.
• D. Administering the collection process either internally or with bank counsel complying with all laws and regulations.
• E. Protecting depositors' funds and stockholders' equity.
• F. Generating earnings for the bank and its stockholders.
• G. Promoting and maintain a favorable image for the bank.
• H. Interviewing loan applicants and makes credit decisions.
• I. Responsible for developing new business and managing existing portfolio.
• J. Responsible for collecting past due loans, keeping credit and collateral exceptions within policy ranges.
• K. Manages a portfolio of loans and may coordinate collection efforts.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• 1. Interviews commercial loan applicants.
• 2. Examines and evaluates applicants credit and financial history.
• 4. Authorizes or recommends approval/denial of applicant.
• 5. Approves loan within specified limits or refers to appropriate approval level.
• 6. Prepares loan offering memorandum.
• 7. Ensures all loan documents are complete, accurate and in accordance with policy.
• 8. Closes/Declines loans in a timely manner. This duty is performed daily, about 5% of the time.
• 10. Corresponds with customers.
• 11. Recommends changes in risk rating.
• 13. Develops potential loan markets and loan prospects.
• 14. Completes required BSA/AML training and other compliance training as assigned.
• 15. The ability to work in a constant state of alertness and in a safe manner.
• 16. Perform any other related duties as required or assigned.

QUALIFICATIONS

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

EDUCATION AND EXPERIENCE

Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four year college degree, plus 5 years related experience and/or training, and 4 years related management experience, or equivalent combination of education and experience.

COMMUNICATION SKILLS

Ability to write reports, business correspondence, and policy/procedure manuals; Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

MATHEMATICAL SKILLS

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane, algebra, solid geometry and trigonometry.

CRITICAL THINKING SKILLS

Ability to solve practical problems and deal with a variety of known variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, or diagram formats.

REQUIRED CERTIFICATES, LICENSES, REGISTRATIONS

Not indicated.

PREFERRED CERTIFICATES, LICENSES, REGISTRATIONS

Not indicated.

SOFTWARE SKILLS REQUIRED

Intermediate: Spreadsheet, Word Processing/Typing

WORKING CONDITIONS

Somewhat disagreeable working conditions. Continuously exposed to one or two elements such as noise, intermittent standing, walking; and occasional pushing, carrying, or lifting.

ENVIRONMENTAL CONDITIONS

The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually quiet.

PHYSICAL ACTIVITIES

Moderate diversity, low physical. Work activities which allow for a moderate amount of diversity in the performance of tasks which are not as varied as those positions with high-level diversity and decision-making.

While performing the functions of this job, the employee is regularly required to sit, talk or hear; frequently required to use hands to finger, handle, or feel; and occasionally required to stand, walk. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.

ADDITIONAL INFORMATION

• - College degree in general business, finance, economics or accounting
• - Five (5) years lending experience
• - Five (5) years experience with banking, investment, or economic analysis
• - Two (2) years experience using Microsoft Word and Excel
• - Must have general computer skills
• - The ability to communicate using oral and written skills

Qualifications

Education

Preferred

Bachelors or better.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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