Loan Officer level 3

Bank of Commerce; Dillon (MT); On-site; USD 65,000 - 95,000; Full time

Job summary

The Bank of Commerce in Dillon, MT is seeking a Loan Officer to drive business development, build a robust client network, and expand loan and deposit balances in alignment with bank goals.

You will assess creditworthiness, underwrite loans, collect financial data, and close transactions while maintaining compliance and delivering superior client service. This role may involve presenting to credit committees and mentoring junior staff.

Qualifications

• College degree in finance or business-related field is preferred or equivalent experience.
• Seven to ten years of related banking experience is expected.
• Ability to read, analyze and interpret general business information and regulations.

Responsibilities

• Develop and maintain a loan portfolio with a focus on new client relationships.
• Assess borrower creditworthiness and underwrite potential credits.
• Accept loan applications, collect financial data, and close loan transactions.
• Present to Senior Loan Review and Executive Loan Committee as needed.
• Provide guidance to less experienced staff and help train analysts.

Skills

Interpersonal Skills

Technical Skills

Oral Communication

Written Communication

Ethics

Organizational Skills

Professionalism

Dependability

Education

College degree in finance or business-related field

Job description

Summary: As a Loan Officer of The Bank of Commerce, you are responsible for business development and establishing new relationships. It is expected that you will increase the bank’s loan and deposit balances by developing relationships which run parallel to bank goals. An integral part of your job function is to assess a borrower’s creditworthiness for potential loan transactions through detailed analysis of a borrower’s financial position. As part of this process, you will accept loan applications, collect the proper financial data, underwrite potential credits, make credit decisions, and close and service loan transactions.Essential Duties and Responsibilities:Experienced lender with enhanced underwriting and analytical skills.Level 3 Loan Officers can work with little supervision and have a seasoned and established referral network that yields consistent new prospects.Has an established customer base and is actively working to promote and develop new customer relationships.Will be expected to routinely have credits to submit to Senior Loan Review as well as present to Executive Loan Committee.Should be able to assess and discuss asset quality as well as identify and execute workout plans for stressed credits.Has adequate working knowledge of lending processes such as conducting inspections and reviewing appraisals.May or may not have operational supervision over other employees but should be available to help develop and train less seasoned analysts or lenders.Maintain and manage a loan portfolio between $8 million and $20 million.Competencies: To perform the job successfully, an individual should demonstrate the following competencies:Interpersonal Skills - Focuses on solving conflict, not blaming; Maintains confidentiality; Listens to others without interrupting; Keeps emotions under control; Remains open to others' ideas and tries new things.Technical Skills – Assesses own strengths and weaknesses; pursues training and development opportunities; strives to continuously build knowledge and skills; shares expertise with others.Oral Communication - Speaks clearly and persuasively in positive or negative situations; listens and gets clarification; responds well to questions. Demonstrates group presentation skills.Written Communication - Writes clearly and informatively; Able to read and interpret written information.Ethics - Treats people with respect and consideration regardless of their status or position; Keeps commitments; inspires the trust of others; Works with integrity and ethically; Upholds organizational values.Organizational Support - Follows policies and procedures; Completes administrative tasks correctly and on time; supports organization's goals and values; Benefits organization through outside activities; Supports affirmative action and respects diversity.Professionalism – Approaches others in a tactful manner; reacts well under pressure; accepts responsibility for own actions; follows through on commitments.Dependability - Follows instructions, responds to management direction; Takes responsibility for own actions; Keeps commitments; Commits to long hours of work when necessary to reach goals. Completes tasks on time or notifies appropriate person with an alternate plan.Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.Education and/or Experience: College degree in finance or business-related field is preferred or equivalent work experience. Should have previous banking experience or seven to ten years related work experience.Language Skills: Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or government regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.Reasoning Ability: Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this Job, the employee is regularly required to sit; use hands to finger, handle, or feel; reach with hands and arms and talk or hear. The employee is occasionally required to stand and walk. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision.Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually quiet.