Commerical Loan Officer

Bank of Colorado; Delta (CO); On-site; USD 60,000 - 80,000; Full time

Job summary

Bank of Colorado is seeking a dedicated individual to manage loan portfolios and prospect for new customers in Delta, Colorado. Responsibilities include ongoing management of account relationships, evaluating loan applicants, and making lending decisions. The ideal candidate should have a strong understanding of commercial lending procedures and effective communication skills. A college degree is preferred, along with prior commercial lending experience. Join us in providing exceptional customer service and supporting community engagement.

Qualifications

• Knowledge of commercial lending procedures.
• Knowledge of general banking principles.
• Skill in operating computer terminals and printers.

Responsibilities

• Prospects new customers and solicits new loans.
• Monitors customers' financial conditions.
• Reviews and approves loan requests to new or existing customers.

Skills

Commercial lending procedures

Sales and marketing practices

Communication

Problem-solving

Team player

Education

College degree preferred

Job description

Manages a portfolio of all types of loan/depository accounts. Responsible for prospecting new customers and cross-selling other banking services.

Responsibilities and Duties

• Prospects new customers and solicits new loans. Cross-sells other banking services to new and existing customers. Maintains ongoing customer contact to ensure good customer relations.
• Performs ongoing management of a portfolio of all types of account relationships, including account reviews, problem solving, research and follow-up on internal account errors.
• Interviews loan applicants: gathers and evaluates financial and related data to establish credit worthiness. Monitors customers' financial condition.
• Reviews and approves or denies loan requests to new or existing customers up to a pre-determined limit. Prepares action memos for management review and presents credits exceeding authority to the loan committee. Serves and votes as a member of the bank loan committee.
• Provides guidance to subordinate lending officers on lending decisions and managing accounts. Monitors loan repayment activities and takes necessary action to collect past-due accounts.
• May participate in preparation of department budget, goals, objectives and strategic planning.
• Participates in civic and community organizations, representing the bank while following personal interests. Attends customer and bank-sponsored events.
• Performs other related duties as assigned by management.
• Maintains regular and reliable attendance.

Knowledge, Skills, and Abilities

• Knowledge of commercial lending procedures.
• Knowledge of general banking principles.
• Knowledge of sales and marketing practices and principles.
• Skill in communicating with clients and co-workers in a courteous and professional manner.
• Skill in operating computer terminals and printers.
• Skill in pricing loans.
• Ability to maintain a high level of confidentiality.
• Ability to solve problems.
• Ability to make sound decisions using information at hand.
• Ability to demonstrate accuracy and efficiency in a fast-paced environment.
• Ability to function as a team player.

Education and Experience

• College degree preferred.
• Prior commercial lending experience preferred.