Senior Commercial Loan Officer Detail page

Veridian Credit Union; Des Moines (IA); Hybrid; USD 90,000 - 130,000; Full time

Job summary

Veridian Credit Union is seeking a Senior Commercial Loan Officer to originate and daily manage a commercial loan portfolio totaling up to $100 million. You will build strong relationships with borrowers and depositors and work with Commercial Services staff to monitor servicing requirements.

The role requires 5+ years in business lending and credit analysis, with a Bachelor's degree or equivalent experience.

Qualifications

• Bachelor's Degree or equivalent combination of education, training, and experience (8+ years).
• 5+ years experience in business/commercial lending.
• 5+ years of experience with credit analysis.

Responsibilities

• Originate and manage a commercial loan portfolio up to $100 million.
• Develop and maintain relationships with commercial borrowers and depositors to generate new business.
• Monitor compliance with lending policies and regulatory changes; recommend updates when needed.
• Interview applicants, prepare documents, and determine credit worthiness for loan approvals or referrals.
• Negotiate terms, including costs, repayment schedules, and collateral.
• Advise members on business management and refer to resources like SCORE and SBA.
• Collaborate with Credit Analyst and Loan Assistant to complete loan files.

Skills

5+ years Commercial Lending

5+ years Credit Analysis

Education

Bachelor's Degree

Job description

Senior Commercial Loan Officer

The Senior Commercial Loan Officer is responsible for the origination and day-to-day management of a commercial loan portfolio comprised of large and complex credits totaling up to $100 million. The position creates and maintains strong relationships with commercial borrowers and depositors, with the goal of continually bringing new business to Veridian. This position works closely with Commercial Services support staff to monitor commercial relationships and maintain servicing requirements.

Locations and Work Arrangement

• Hybrid-Remote Des Moines Metro Area
• Hybrid-Remote Omaha Metro Area
• Hybrid-Remote Waterloo & Cedar Falls, IA
• Full-Time

Essential Functions

• Create excellent services experiences that promote the Veridian brand.
• Responsible for the origination and day-to-day management of a commercial loan portfolio totaling up to $100 million.
• Knowledgeable of compliance and regulation related changes in commercial lending and recommend changes when necessary.
• Interview commercial loan applicants. Accurately prepare all required documents pertinent to the granting of a loan including updating member records.
• Collect and analyze all information pertinent to the granting of a loan to determine the general credit worthiness of the applicant the merits of the specific loan. Recommend approval, disapproval, or referral of loan, if appropriate based on the credit approval limits set in the Commercial Lending Policy.
• Approve loans within credit approval limits set in the Commercial Lending Policy and serve as the contact officer on loans above these limits when submitting to the VP of Commercial Services and/or the Commercial Lending Committee.
• Establish and negotiate, where necessary, the terms under which credit will be extended, including the costs, repayment schedule and collateral requirement.
• Advise members, where possible, on business management and financial matters and refer members to available resources such as SCORE and SBA.
• Work together with the Credit Analyst and Loan Assistant to create the loan file and obtain necessary documentation pertinent to the decision-making process.
• Collect and analyze information as required which reflects the current credit worthiness of borrower during annual review, loan renewal, or at loan maturity.
• Collect on past due loans and negative accounts daily; monitor delinquency and cash flow concerns closely.
• Develop new commercial loan and deposit business by contacting prospects and members.
• Provide necessary follow-up at loan completion, including reserve/core deposit account balances, payment of property taxes, payment of insurance premiums, filing of security agreements, etc.
• Actively sell products and services offered by the credit union.
• Contribute positively to team effort by consistently achieving established goals and expectations.
• Participate in community events, groups or organizations that promote Veridian Credit Union’s products and services.
• Provide leadership to branch/department staff. Assist with developing staff to increase knowledge, understanding, and experience in commercial lending.

Key Attributes

• Oral and written communication skills.
• Member service focus.
• Attention to detail and accuracy.
• Positive attitude that supports a team environment.
• Dependable and punctual; flexible during peak times.
• High level of confidentiality.
• Organizational skills.
• Self-motivated; ability to work without close supervision.
• Problem solving; analysis.

Physical Demands

• Occasionally lift and/or move items over 10 pounds.
• Remain sedentary (seated) for extended periods of time.

Working Conditions

This job operates in a professional office environment and routinely uses standard office equipment.

Travel

Limited travel expected.

Required Education And Experience

• Bachelor's Degree or equivalent combination of education, training, and experience of 8+ years.
• 5+ years experience in business/commercial lending.
• 5+ years of experience with credit analysis.

Other Duties

Veridian Credit Union is a PCI compliant financial institution to ensure the security of member information. As such, all employees are expected to ensure security measures are in place and adhered to regarding PCI and other highly secure data compliance requirements.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

About Veridian Credit Union

Veridian Credit Union, founded in 1934 in Waterloo, Iowa, is a not-for-profit financial cooperative dedicated to partnering with members to create successful financial futures. Veridian offers a competitive salary, benefit and incentive package that includes medical, dental and vision insurance; group term life insurance, 401(k) and profit-sharing plans; and a yearly incentive program. Employees enjoy a supportive work environment where diversity is valued.

Veridian Credit Union provides equal employment opportunities to all employees and applicants for employment without regard to age, race, color, sex, pregnancy, sexual orientation, gender identity, military service, national origin, religion, physical or mental disability, genetic information, or any other classifications protected by applicable federal, state or local laws.

"The best thing about working at Veridian Credit Union is definitely the people! Our staff is an exceptional group of individuals who make every person’s experience here top notch!"

- Lisa, Credit Consultant II 29+ years with Veridian

"The diversity culture we have which allows us to help each of our member in their own language. Also, the involvement we have every year with the community. i.e Jingle in the Junction, Latino Festival, Irish Festival, Kids Festival, and many others."

- Josue, Loan Advisor II 13+ years with Veridian