Commercial Loan Officer III

Olympia Federal Savings (OlyFed); Lacey (WA); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

401k match

Profit sharing

Paid time off

Job summary

Olympia Federal Savings (OlyFed) seeks a Commercial Loan Officer III with a proven track record in commercial lending and relationship-building within the Washington market. The role emphasizes delivering prompt, knowledgeable service to commercial borrowers, evaluating financials, and partnering with Business Bankers to present full banking solutions.

Ideal candidates have at least 7 years in lending, strong regulatory knowledge, and a commitment to community engagement while supporting growth

Qualifications

• Experience in lending practices including loan documentation and cash flow analysis.
• Seven years' experience in lending with production goals.
• Bachelor’s degree or equivalent in a related field preferred.
• Bondable; active in community affairs preferred.

Responsibilities

• Weekly meetings with Business/Commercial team to discuss pipeline, prospects, and coordinate closing/documentation/servicing needs.
• Advise individuals of OlyFed lending programs and quote loan interest rate and fees.
• Provide appropriate application forms and disclosures. Assist customers with completion.
• Request confidential financial and ECOA information from loan applicants, complying with state and federal lending regulations and Association loan policies.
• Facilitate loan applications to include financial analysis, credit presentation, and approval for Commercial Real Estate and Small Business loans.
• Analyze, evaluate, and prepare tax analysis cash flow reports on commercial loan and multiple non-owner-occupied loan guarantors that exceed aggregate loan balance limits.
• Monitor loan portfolio to ensure conformity with terms, ascertain developing trends, identify potential problems and to ensure loans are risk-rated properly. Communicate with senior leaders as necessary.
• Prepare initial loan modifications for servicing. Input data for HMDA/LARS report maintenance.
• Carry out Association business plan objectives
• Cross-sell Association products and services.
• Actively network and promote products at community and OlyFed sponsored events to facilitate growth, which are occasionally outside of normal working hours.
• Other duties as assigned.

Skills

Public and customer relations

Banking regulations understanding

Organization and multitasking

Analytical techniques

Financial statement analysis

Tax return analysis

Confidentiality and discretion

Communication skills

Computer proficiency

English language proficiency

Education

Bachelor's degree or equivalent

Job description

Description

OlyFed employees love the places we work and the communities we serve. In addition to a generous benefit package and opportunities for career growth, OlyFed employees are able to boast about working for an organization with a positive reputation and a proven commitment to our communities.

OlyFed prides itself on a history of personal, high-quality service to our customers and community. The spirit of giving is built into our charter and culture. Each year OlyFed dedicates 5-15% of its revenues to community support. In addition to corporate financial contributions, our employees extend the policy of community involvement by donating their time and talents.

A qualified Commercial Loan Officer III candidate will have at least 7 years of experience in commercial lending with proven ability to achieve production goals.

The Commercial Loan Officer will provide prompt, knowledgeable, exceptional service to commercial loan customers. Monitor and maintain commercial real estate loan portfolio including construction, interim, and permanent mortgages. Receive loan applications, order documentation, analyze, and submit for decision. Partner with Business Bankers to present options for full banking relationship.

Essential Duties & Responsibilities

• Weekly meetings with Business/Commercial team to discuss pipeline, prospects, and coordinate closing/documentation/servicing needs.
• Advise individuals of OlyFed lending programs and quote loan interest rate and fees.
• Provide appropriate application forms and disclosures. Assist customers with completion.
• Request confidential financial and ECOA information from loan applicants, complying with state and federal lending regulations and Association loan policies.
• Facilitate loan applications to include financial analysis, credit presentation, and approval for Commercial Real Estate and Small Business loans.
• Analyze, evaluate, and prepare tax analysis cash flow reports on commercial loan and multiple non-owner-occupied loan guarantors that exceed aggregate loan balance limits.
• Monitor loan portfolio to ensure conformity with terms, ascertain developing trends, identify potential problems and to ensure loans are risk-rated properly. Communicate with senior leaders as necessary.
• Prepare initial loan modifications for servicing. Input data for HMDA/LARS report maintenance.
• Carry out Association business plan objectives
• Cross-sell Association products and services.
• Actively network and promote products at community and OlyFed sponsored events to facilitate growth, which are occasionally outside of normal working hours.
• Other duties as assigned.

Requirements

KNOWLEDGE, SKILLS AND ABILITY REQUIREMENTS:

• Excellent public and customer relations skills to effectively communicate with internal and external customers, determine their needs, and maintain their confidence.
• Thorough understanding of banking regulations and Association policies and procedures with demonstrated ability to interpret and apply policies and regulations quickly and independently.
• Organization and flexibility to prioritize workload in a fast-paced, customer-driven environment.
• Utilize analytical techniques and exercise independent judgment to identify strategies to solve problems and complex customer needs.
• Analyze complex financial documents, including various types of tax returns and financial statements.
• Understand financial analysis systems and document preparation.
• Exercise customer confidentiality and discretionary judgment.
• Exceptional written and verbal communication skills including the ability to clearly communicate and explain complex banking, lending and legal regulations and documents.
• Proficiency in basic computer programs with ability to learn new software.
• Read, write, speak, and understand English well. Perform basic calculations.
• Keep abreast of changing business and economic developments and real estate submarkets.
• Travel to other OlyFed branches and community events.

Qualifications

• Experience in lending practices including loan documentation, perfection of security interest, lines of credit, financial statement analysis, cash flow analysis, and regulatory compliance.
• Level III lender must have seven years' experience in lending with proven ability to achieve production goals.
• Active in community affairs, service clubs, and CRA activities preferred.
• Bachelor’s degree or equivalent experience and training in a related field preferred.
• Must be bondable.

Physical Demands & Work Environment/Conditions

Duties are performed in usual office conditions. Ability to operate standard office equipment including personal computer, standard keyboard, 10-key calculator and work a standard shift with repetitive wrist and hand movements. Ability to talk and hear. Ability to stand or sit for extended periods of time. Occasionally lift, move, or carry items up to 15 lbs. Ability to concentrate on the matter at hand, under sometimes distracting work conditions. Requires manual dexterity and handling ability. Use hands and arms to finger, handle, grab and reach. Specific vision abilities including close vision and the ability to adjust focus. Work may involve eyestrain due to constant use of computer screens. Occasional walking, kneeling, stooping, crouching, and bending. Ability to be mobile office-wide for various business needs.

Benefits

• Employees are covered by medical, dental, vision, basic life insurance and long-term disability.
• Voluntary benefit coverage includes life insurance, AD&D, legal, accident, critical illness, hospital indemnity, and FSA.
• Options for family coverage are available.
• Employees can enroll in our company’s 401k plan.
• We offer immediately vested 5% 401k match, as well as profit sharing.
• Employees are eligible for annual incentive bonus.
• Full-time employees will receive the following paid time off per month: 6.67 hours of vacation leave and 8 hours of sick leave.
• In addition, the following paid time off per year: 11 paid holidays; a float holiday; a birthday holiday; 24 wellness hours; 16 volunteer hours.
• Modified for part-time employees.

OlyFed is an Equal Opportunity Employer and affirmative action employer. EOE AA M/F/Vet/Disability

If you require a reasonable accommodation to complete the application process, please contact Human Resources at 360-754-3400.