Loan Officer

First Texoma National Bank; United States; On-site; USD 65,000 - 110,000; Full time

Job summary

First Texoma National Bank seeks a Loan Officer to solicit, negotiate, underwrite, and coordinate the closing of complex consumer, residential, equipment, agricultural, commercial and business loans. You will interview applicants, assess risk, gather information and present financing requests to Senior Management or Loan Committee.

Applicants should have a bachelor’s degree in banking/finance/business and at least seven years of bank lending experience.

Qualifications

• Minimum of Bachelor's degree in Banking, Finance, or related field.
• Minimum of 7 years of experience in bank lending with proven portfolio.
• Strong communication and public relations skills.
• Working knowledge of banking and compliance laws and regulations.
• Knowledge of financial analysis, credit practices, consumer and commercial lending.

Responsibilities

• Solicits, negotiates, underwrites and coordinates the closing of major and complex loans.
• Interviews applicants and reviews loan information for accuracy and risk.
• Prepares financing requests for Senior Management or Loan Committee approval.
• Coordinates processing of approved loans and ensures compliance with bank policies.
• Provides leadership and training to less experienced loan officers and staff.
• Develops and maintains knowledge of market conditions, rates and competition.

Skills

Bank lending

Credit analysis

Customer service

Leadership

Education

Bachelor's degree in Banking/Finance/Business

Job description

First Texoma National Bank has been in business for over a century, serving generations on both sides of the Red River. We’re proud of our history, our reputation and the people who have been part of our family. If you are looking for the opportunity to join our team, apply today.First Texoma National Bank strives to be the best place our employees ever work, the best bank our customers ever do business with, and the best investment our shareholders ever make. If you are looking for a chance to put your education and experience to work, apply today. We are waiting to make you part of our team.The Loan Officer is responsible for soliciting, negotiating, underwriting and coordinating the closing of major and complex consumer, residential, equipment, agricultural, commercial building and business loans in compliance with the Bank’s lending policies and procedures.PRIMARY DUTIES AND RESPONSIBILITIESReinforces the application of superior customer service through his or her own example along with appropriate follow through with involved customers and employees.Solicits, negotiates, underwrites, and coordinates the closing of major and complex consumer, residential, equipment, commercial building and business loans in compliance with the Bank’s lending policies and procedures.Interviews prospective applicants and requests specified information related to loan or credit application; corresponds or re-interviews applicants to resolve questions regarding application information. Performs pre-qualification assessment and analysis of financial condition and risk of financing requests within framework of Bank credit culture and current economic and industry trends.Gathers and analyzes all information necessary to present a financing request to Senior Management or Loan Committee for approval; meets with existing or potential customers; visiting sites of loans; negotiates loan terms and conditions; and approves loans within established lending limits or refers and recommends acceptance to the Chief Credit Officer or Loan Committee.Coordinates processing of approved loans; ensures loans are processed according to agreement, customer needs and conform to Bank lending policies; obtains sufficient information and/or documentation from customers; solves problems relative to processing and servicing of loans within his or her portfolio; and approves loan disbursements in accordance with agreements.Negotiates, underwrites and processes renewals of credit facilities. Approves loan payments, draws from lines of credit, and fund transfers within specified limits. Authorizes commitment, engagement, auction, and decline letters.Contributes to the overall profitability of the branch and region; implements costs controls, income generation, and branch and region marketing efforts; and monitors expenses to ensure compliance with budget.Provides leadership, training and support to less experienced loan officers and other staff members.Develops and maintains knowledge of financial industry, economy, market conditions, rates, vendors and competition.Reviews NSF and overdraft reports for customers assigned within his or her portfolio; approves or declines such exceptions within established lending limits.Provides deposit and loan account ratings.Directly responsible in meeting annual deposit and loan growth goals assigned by Senior Management.Participates with Senior Management with developing, analyzing and finalizing major and complex loan agreements with representatives of large businesses; participates in various internal committees assigned by Senior Management.Responds to inquiries or refers inquiries to the appropriate department or person, and exhibits the necessary follow through with customers and/or staff involved.Consistently applies superior decision making techniques pertaining to inquiries, approvals and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development.Assumes responsibility for special projects; gathers data and prepares reports for Senior Management, audits and other personnel.Processes, solves and answers complex customer transactions, problems or inquiries.BUSINESS DEVELOPMENTEngages in business development activities and solicitation of new business and is actively involved in instilling and maintaining a positive sales environment through education of the Bank’s products and services. Develops business checking and deposit relationships with customers; and promotes business for the Bank by maintaining good customer relations and referring customers to appropriate staff for new services.Represents the Bank in various community, civic, and community reinvestment functions to further enhance the Bank’s image and develop additional business; assists the Bank in establishing and maintaining market position in the financing arena.Cross sells the Bank’s other products and services, referring customers to appropriate staff as indicated.COMPLIANCEEnsures all past approved loans adhere to credit quality aspects of bank’s Loan Policy.Assures compliance with all Bank policies, procedures and processes, and all applicable state and federal banking laws, rules and regulations; adheres to Bank Secrecy Act (BSA) responsibilities that are specific to the position.Minimum of bachelors degree in Banking, Finance, Business or related field.Minimum of 7 years of experience in bank lending, with proven portfolio.Must have working knowledge of banking and compliance laws, regulations, financial analysis, credit practices, consumer and commercial lending.Good communication and public relations skills.First Texoma National Bank is an equal opportunity employer. We are committed to providing equal employment opportunities for training, compensation, transfer, promotion and other aspects of employment for all qualified applicants and employees without regard to sex, race, color, religion, national origin, age, disability, sexual orientation, genetic information or veteran status.