Loan Officer

IH Mississippi Valley Credit Union; Kewanee (IL); On-site; USD 26,000 - 30,000; Full time

Benefits offered by this job

Training programs

Competitive pay

401(k) match

Paid time off

Life Insurance

Volunteer opportunities

Education reimbursement

Health insurance

Flexible spending accounts

Employee assistance program

Fitness center access

Job summary

IHMVCU in Kewanee, Illinois is seeking a Loan Officer who excels in building relationships and delivering personalized financial solutions to our members.

You will handle deposits, loans, and related transactions, open accounts, and educate members on products while maintaining strong service standards. The role requires a high school diploma and the ability to grow our member relationships.

Qualifications

• High School Diploma or equivalent; finance-related education is a plus.
• Proven ability to identify and pursue new sales leads.
• Proven success in new accounts and consumer loans origination.
• Excellent interpersonal and communication skills.

Responsibilities

• Actively listen to members' needs to identify solutions including deposits, loans and credit cards.
• Handle deposits, withdrawals, transfers, loan payments, and check cashing accurately.
• Open new deposit accounts; originate and close consumer loans; collect required loan documents.
• Respond to inquiries about accounts, services, discrepancies, and feature adjustments.
• Complete internal trainings within 6 months: CDs, New Accounts, IRAs, Personal & Vehicle Loans.

Skills

Interpersonal skills

Customer service experience

Sales lead generation

Communication skills

Education

High School Diploma

Job description

Join Our Team as a Loan Officer at IHMVCU!

IHMVCU is dedicated to supporting our members' financial well-being by fostering engagement, creating alignment with their goals and promoting continual growth. We are seeking a member focused Loan Officer with a passion for building lasting relationships and enhancing member satisfaction to join our team. We value strong interpersonal skills. If you excel at connecting with people and providing superior service, your experience will be a great match.

As a Loan Officer, you will play a crucial role in creating a welcoming experience for members while providing accurate financial transactions and personalized solutions to member needs. This position is based in Kewanee, Illinois.

Education and Experience:

• High School Diploma or equivalent, additional education in finance, business or related field is a plus.
• Proven ability to identify and pursue new sales leads and business opportunities.
• Proven success in new account opening and consumer loans origination.
• High level of integrity and commitment to exceptional member service with genuine desire to help others.
• Strong interpersonal and communication skills; ability to build rapport quickly.
• Strong attention to detail skills and commitment to accuracy.
• Team-oriented with the flexibility to adapt and support various member needs.

What are some of the responsibilities of Loan Officer?

• Actively listen to members' needs to identify, assess and educate on solutions that may include products and services such as deposit accounts, loans and credit cards.
• Handle a variety of transactions, including deposits, withdrawals, transfers, loan payments, and check cashing accurately and efficiently.
• Opens new deposit accounts; originates and closes consumer loans; handles the collection of all required loan documents, i.e., financial statements, collateral verification; forwards to consumer loan operations for processing.
• Responds to member inquiries regarding the operation of accounts, access to services, resolving account discrepancies, balancing, and reconciling, adding or reducing service features on various accounts, and assisting members to make the most effective usage of service offerings.
• Completion of the following internal trainings within 6 months of starting the role, if not previously obtained: CDs, New Accounts (including Specialty Accounts), IRAs, Personal Loans and Vehicle Loans.
• The pay range for this position is $19.00-$22.00. Final compensation for this position will be determined by various factors such as relevant work experience, specific skills and competencies, education, certifications and internal pay equity.

Being a team member of IHMVCU is more than just a job, we want to make differences in the communities we live in and serve. IHMVCU provides a healthy balance of benefits including resources and support:

• Outstanding Training; We are committed to learning new skills and growing personally & professionally
• Competitive compensation
• 401(k) with company match and profit sharing
• Paid time off with paid holidays
• Life Insurance
• Paid Community Volunteering
• Education reimbursement
• Fitness reimbursement
• Health insurance including dental and vision
• Flexible Spending Accounts & Health Savings Accounts
• Employee Assistance Program (EAP)
• Access to fitness center

We look forward to welcoming a new team member who shares our dedication to service and community. Move Up your career at IHMVCU with this great opportunity!

Physical Requirements

• Standing: Remaining upright on the feet, particularly for sustained periods of time.
• Walking: Moving about on foot to accomplish tasks, particularly for long distances or moving from one work site to another.
• Talking: Expressing or exchanging ideas by means of the spoken word; those activities where detailed or important spoken instructions must be conveyed to other workers accurately, loudly, or quickly.
• Hearing: Perceiving the nature of sounds at normal speaking levels with or without correction and having the ability to receive detailed information through oral communication and making fine discriminations in sound.
• Finger, handle, touch: Picking, pinching, typing or otherwise working, primarily with fingers rather than with whole hand or arm as in handling. Applying pressure to an object with the fingers and palm.
• Lifting Demands: Up to 50 lbs.
• Visual Demands: Visual acuity to do things such as preparing and analyzing data and figures; transcribing; viewing a computer terminal; extensive reading; visual inspection involving small defects, small parts, and/or operation of machines (including inspection); using measurement devices; and/or assembly or fabrication of parts at distances close to the eyes.