Senior Loan Officer

Farm Credit Services; Amarillo (TX); On-site; USD 70,000 - 95,000; Full time

Job summary

Farm Credit Services in Amarillo, Texas seeks a full-time Senior Loan Officer to work in-office. The role processes and approves loans within delegated authority, evaluates and services larger, more complex loans, and develops loan portfolios in the local trade area.

Day-to-day duties include managing loan portfolios, assisting borrowers with credit needs, performing credit analyses, and ensuring proper risk ratings and compliance with policies.

Qualifications

• Bachelor's degree or equivalent in Business Administration, Finance, Agricultural Economics or related field.
• Three+ years of experience as a loan officer or related agricultural lending experience.
• Strong credit analysis and financial evaluation skills.
• Solid communication skills and ability to work with borrowers and teams.

Responsibilities

• Develops and manages loan portfolios including loan originations in the trade area served by the association.
• Assists prospective and current borrowers with credit needs and credit-related solutions.
• Makes and services loans and leases within delegated authority and assesses loan approval, structure and pricing.
• Performs credit analyses by reviewing balance sheets, income statements, and cash flows to determine creditworthiness.
• Ensures proper risk ratings and compliance with policies and procedures.
• Performs loan servicing tasks and supports collections efforts as needed.
• Maintains insurance coverage and monitors taxes on collateral.
• Prepares loan closing packages and supports closing processes.

Skills

Credit analysis

Financial analysis

Communication skills

MS Office

Loan origination

Education

Bachelor's degree in Business Administration / Finance / Agricultural Economics

Tools

Microsoft Office

Job description

We are searching for a full-time in-office Senior Loan Officer to work in our Amarillo, Texas location. This position processes and approves loans in assigned territory within the limits of specific delegated authority consistent with Association policies. Evaluates and services larger, more complex loans. Develops and manages loan portfolios including loan originations in the trade area served by the association. Has appreciable latitude for decision making; works under minimum supervision.

Day-to Day-Duties and Responsibilities:

• Develops and manages loan portfolios including loan originations in the trade area served by the association. Works with complex loans and loan participation packages.
• Assists prospective and current borrowers with their credit needs and with formulating solutions to credit related issues.
• Makes and services loans and leases within delegated authority and in accordance with association policies. Makes and/or conveys decisions on loan approval, structure and pricing. Responsible for exercising credit risk management responsibilities on loans within area of responsibility.
• Conducts complex credit analyses. Analyzes balance sheets, income statements, and cash flows of potential borrowers to ascertain creditworthiness. Maintains current, adequate and verified financial information on borrowers and guarantors as required by association policy.
• Performs loan servicing tasks, which may include partial releases, subordinations to mineral leases and right of ways, division orders, reamortizations, assumptions, severance agreements, and insurance claims.
• Ensures that all assigned loans are properly risk rated, assigned loss given defaults are correct and performance status assignments are proper.
• Complies with proper credit administration practices as outlined in the association’s policies and procedures.
• Performs collections on assigned loans and assists management with collections on all loans in the portfolio. Works with delinquent borrowers to obtain satisfactory loan performance.
• Assures that adequate insurance coverage is maintained as required by loan conditions and monitors ad valorem taxes to ensure that such taxes are paid on the security.
• May assist with the title examination on prospective loans to ensure validity of liens on property pledged as collateral or security interest on chattels. Prepares loan closing packages and facilitates the loan closing process as required in accordance with all applicable association and FCA policies and regulations.
• May perform collateral evaluations in compliance with district and association standards and procedures.
• May assist with or attend public relations functions for the Association.
• Other duties as assigned.

What You Bring to the Team:

Our ideal candidate lives within a commutable distance from our office in Amarillo, Texas.

It is an important role that covers many skills. This position requires:

• Bachelor’s degree in Business Administration, Finance, Agricultural Economics, or a related field, or equivalent experience.
• Three (3) or more years of experience as a loan officer or related agricultural lending experience.

General knowledge of the following:

• General knowledge of accounting/financial systems.
• Specialized knowledge of accounting/finance principles.
• Skill in oral and written communication.
• Intermediate skill level in Microsoft Office applications.
• Ability to perform intermediate-level accounting and financial analyses under limited supervision.