Commercial Loan Officer III

Centennial Bank; Naples (FL); On-site; USD 95,000 - 120,000; Full time

Job summary

Centennial Bank seeks an experienced Commercial Loan Officer III to evaluate credit needs and extend credit within policy. You will interview loan applicants, determine creditworthiness, and manage a growing portfolio while ensuring compliance with all laws and bank policy.

This role emphasizes early problem loan identification and proactive risk management. The candidate should have a four-year degree with substantial related experience and leadership capabilities, ready to uphold the bank's

Qualifications

• Bachelor's degree in a related field required
• 6 years of related experience and/or training
• 5 years of related management experience or equivalent combination of education and experience

Responsibilities

• Interview loan applicants and make credit decisions.
• Assign credit ratings to loans at origination and during monitoring.
• Develop new business and manage existing loan portfolio.
• Monitor loan performance and collect past due payments.
• Coordinate collections and ensure compliance with laws and bank policy.

Skills

Credit analysis

Credit policy

Risk assessment

Portfolio management

Education

Bachelor's degree

Job description

The Commercial Loan Officer III is responsible for extending credit within the policies and guidelines set forth in the loan policy. This position must ensure 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 policy. This role must properly administer the creditworthiness and documentation of all loans and/or borrowing relationships originated or assigned to the officer and maintain current credit files and proper note and collateral security documents.

Responsibilities

• 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 imperative to minimizing losses.
• Recommending approval and administer workout programs for problem loans.
• Recommending approval and monitor levels of reserves established for loans serviced by the officer.
• Administering the collection process either internally or with bank counsel complying with all laws and regulations.
• Protecting depositors' funds and stockholders' equity.
• Generating earnings for the bank and its stockholders.
• Promoting and maintain a favorable image for the bank.
• Interviewing loan applicants and makes credit decisions.
• Responsible for developing new business and managing existing portfolio.
• Responsible for collecting past due loans, keeping credit and collateral exceptions within policy ranges.
• Manages a portfolio of loans and may coordinate collection efforts.
• Interviews commercial loan applicants. This duty is performed daily, about 10% of the time.
• Examines and evaluates applicants credit and financial history. This duty is performed daily, about 10% of the time.
• Examines/Views collateral (if applicable) to determine adequacy. This duty is performed daily, about 10% of the time.
• Authorizes or recommends approval/denial of applicant. This duty is performed daily, about 10% of the time.
• Approves loan within specified limits or refers to appropriate approval level. This duty is performed daily, about 5% of the time.

• Prepares loan offering memorandum. This duty is performed daily, about 10% of the time.
• Ensures all loan documents are complete, accurate and in accordance with policy. This duty is performed daily, about 5% of the time.
• Closes/Declines loans in a timely manner. This duty is performed daily, about 5% of the time.
• Monitors loan portfolio/performance. This duty is performed daily, about 5% of the time.
• Corresponds with customers. This duty is performed daily, about 10% of the time.
• Recommends changes in risk rating. This duty is performed daily, about 5% of the time.
• Collects past due loan payments. This duty is performed weekly, about 5% of the time.
• Develops potential loan markets and loan prospects. This duty is performed daily, about 5% of the time.
• Completes required BSA/AML training and other compliance training as assigned. This duty is performed annually, about 5% of the time.
• The ability to work in a constant state of alertness and in a safe manner.
• The position may require the use of a vehicle to service customers, administer or participate in civic events, commute to company-owned properties, commute to company-related places of business, or any other purpose considered necessary to the job. Therefore, this position is classified as a safety sensitive position.
• Perform any other related duties as required or assigned.

Qualifications

Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. quivalent to a four year college degree, plus 6 years related experience and/or training, and 5 years related management experience, or equivalent combination of education and experience.