Commercial Loan Officer III

Centennial Bank; Panama City (FL); In loco; USD 70.000 - 90.000; Tempo pieno

Descrizione del lavoro

Centennial Bank is seeking a Commercial Loan Officer III in Panama City, Florida. This position is responsible for managing the loan portfolio, assessing the creditworthiness of borrowers, and ensuring compliance with banking regulations.

The ideal candidate will have a Bachelor's degree in finance or related field, extensive experience in credit evaluation and loan management. This role offers a unique opportunity to contribute to the bank's growth and serve the community.

Competenze

• Broad knowledge of accounting, marketing, business administration, and finance.
• 6 years related experience and/or training; 5 years of management experience.

Mansioni

• Assign credit ratings and monitor loans.
• Identify problem loans and recommend solutions.
• Generate earnings and manage risks.

Conoscenze

Credit evaluation

Risk assessment

Customer communication

Loan administration

Formazione

Bachelor's degree in finance or related field

Descrizione del lavoro

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.

Additional Responsibilities

• 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.