Loan Officer

Bank of Colorado; Thornton (CO); On-site; USD 115,000 - 160,000; Full time

Benefits offered by this job

8 paid holidays

17 PTO days per year (first five years

Health, dental, vision, prescription

401K plan after 3 months

Group term life insurance

Long term disability

Employee assistance program

Job summary

Bank of Colorado manages a portfolio of all types of loan and depository accounts and is responsible for prospecting new customers and cross-selling other banking services. The role involves handling a diverse lending portfolio, interviewing applicants, evaluating creditworthiness, and monitoring repayment activities.

Experience in agriculture, commercial, and consumer lending, plus strong knowledge of credit structures and banking principles, is expected.

Qualifications

• Knowledge of agriculture, commercial and consumer lending procedures.
• Knowledge of credit structuring.
• Knowledge of general banking principles and banking.
• Knowledge of sales and marketing practices and principles.
• Skill in communicating with clients and co-workers in courteous and professional manner.
• Skill in operating computer terminals and printers.
• Skills in pricing loans.
• Ability to maintain a high level of confidentiality.
• Ability to problem solve.
• 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.

Responsibilities

• Prospects new customers and solicits new loans. Cross-sells other banking services to new and existing customers. Maintains on-going customer contact to ensure good customer relations.
• Performs ongoing management of a portfolio of account relationships. Includes account reviews, problem solving, research and follow-up to internal account errors, etc.
• Interviews loan applicants: gather and evaluate financial and related data to establish credit worthiness. Monitor customers' financial condition.
• Reviews and approves or denies loan request to new or existing customers up to a pre-determined limit. Prepares action memos and presents credits exceeding authority to loan committee.
• Monitors loan repayment activities, take necessary action to collect past-due accounts.
• May participate in preparation of department budget, goals and objectives and strategic planning.
• Participates in civic and community organizations, representing the bank at events.
• Performs other related duties as assigned by management.
• Ability to maintain regular and reliable attendance.

Skills

Portfolio management

Credi t analysis

Sales and cross-selling

Customer relationship management

Communication skills

Financial data evaluation

Education

College degree preferred

Job description

GENERAL SUMMARY

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

Compensation

• Salary $115,000 - $160,000

Responsibilities and duties

• Prospects new customers and solicits new loans. Cross-sells other banking services to new and existing customers. Maintains on‑going customer contact to ensure good customer relations.


• Performs on‑going management of a portfolio of all types of account relationships. Includes account reviews, problem solving, research and follow-up to internal account errors, etc. Interviews loan applicants: gather and evaluate financial and related data to establish credit worthiness. Monitor customers' financial condition.


• Reviews and approves or denies loan request to new or existing customers up to a pre‑determined limit. Prepares action memos to be reviewed by management and presents credits exceeding authority to the loan committee. May serve and vote as a member of the bank loan committee.


• Monitors loan repayment activities, take necessary action to collect past‑due accounts.


• May participate in preparation of department budget, goals and objectives and strategic planning.


• Participates in civic and community organizations, representing the bank, but following personal interests. Attends customer and bank-sponsored events.


• Performs other related duties as assigned by management.


• Ability to maintain regular and reliable attendance

Knowledge, skill, and abilities

• Knowledge of agriculture, commercial and consumer lending procedures.


• Knowledge of credit structuring.


• Knowledge of general banking principles and banking.


• Knowledge of sales and marketing practices and principles.


• Skill in communicating with clients and co-workers in courteous and professional manner.


• Skill in operating computer terminals and printers.


• Skills in pricing loans.


• Ability to maintain a high level of confidentiality.


• Ability to problem solve.


• Ability to make sound decision 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


• Three years lending experience is preferred.

Benefits

• Benefits for employees working at least 35 hours per week include 8 paid holidays; 17 PTO days each year for the first five years of employment (employees must complete 90-day introductory period prior to accruing PTO); 16 hours of paid sick time upon hire date; health, dental, prescription drug card, vision, and voluntary life insurance plans; health savings account with employer contributions; flexible medical and dependent care spending plans; 401K plan after 3 months and start of next quarter with employer contributions and profit sharing; $50,000 group term life insurance; long term disability insurance and employee assistance program. If working less than 35 hours per week, above benefits are modified.