Job Description
Responsible for receiving, reviewing, and evaluating commercial loan requests. Meets with applicants to explain credit policies and to obtain loan information and documentation. Monitors and reviews construction and development loans. Maintains repossessed properties and assists in collections' activities. Serves borrowers and prospective borrowers promptly and professionally. Provides general Credit Union information and cross-sells services. Assists Commercial Department personnel as needed.
ESSENTIAL FUNCTIONS AND BASIC DUTIES
1. Assumes responsibility for the effective and professional completion of assigned business loan functions.
a. Interviews, takes applications, and processes preliminary documentation on business loan requests. Discusses loan alternatives, credit criteria, interest rates, and loan documentation in such a manner as to elicit positive responses from members.
b. Analyzes and evaluates loan requests and prepares written submission for consideration by the Commercial Loan Committee. Identifies problems or potential problems with credit information and coordinates with the necessary party to resolve the problems.
c. Assists in review of construction loan advances on commercial properties.
d. Conducts property inspections as assigned.
e. Follows-up on all matured loans.
f. Assists in the collection of delinquent accounts.
g. Completes lending functions in accordance with established Credit Union policies and legal requirements.
2. Assumes responsibility for establishing and maintaining effective and professional business relations with members and trade professionals.
a. Answers questions and resolves requests.
b. Keeps borrowers informed of Credit Union loan policies and services.
c. Meets with applicants whose loans are denied and explains reasons and alternatives.
d. Maintains and projects the Credit Union's professional reputation.
3. Assumes responsibility for establishing and maintaining effective communication, coordination, and working relations with Credit Union personnel and with management.
a. Coordinates functions with related departments and branches and provides support as needed.
b. Assists Commercial department personnel and provides support as needed.
c. Keeps management informed of area activities and of any significant problems.
d. Attends and participates in meetings and committees as required. Serves as a member of the Commercial Loan Committee.
e. Completes required reports and records.
4. Assumes responsibility for related duties as required or assigned.
a. Cross-sells Credit Union services.
b. Stays informed regarding changes in lending standards and related legal requirements.
c. Completes special projects as assigned.
d. Ensures that work area is clean, secure, and well maintained.
e. Works a regular and predictable schedule.
f. Must be sufficiently fluent in English to process work and business transactions.
PERFORMANCE MEASUREMENTS
1. Lending and related collections functions are effectively performed in accordance with established Credit Union policies and with legal and regulatory requirements.
2. Loan documentation, records, and reports are accurate, timely, and complete.
3. Loan applications are closely and effectively analyzed and evaluated. Lending practices are "safe and sound."
4. Professional business relations exist with members and trade professionals. Questions and problems are promptly and courteously resolved. Programs and services are thoroughly explained.
5. Good working relations exist with Credit Union personnel and with management. Assistance is provided as needed. Management is appropriately informed.
6. Capable of producing between $10-$20M annually in new and refinanced loans.
QUALIFICATIONS
EDUCATION/CERTIFICATION: Bachelors degree in business or a related field, or an equivalent combination of training and
work experience.
REQUIRED KNOWLEDGE: Knowledge of Credit Union lending and collections programs, policies, and procedures.
Familiarity with property management and maintenance procedures.
Understanding of financial analysis and determination of credit worthiness.
EXPERIENCE REQUIRED: Three to five years of lending experience.
One to five years of commercial lending experience preferred.
Real estate and origination background preferred.
SKILLS/ABILITIES: Excellent communication and public relations skills.
Strong analytical abilities.
Solid interviewing skills.
Able to use financial calculator and related computer applications and business systems.
Well organized with good attention to detail.
PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION
TALKING: Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.
AVERAGE HEARING: Able to hear average or normal conversations and receive ordinary information.
REPETITIVE MOTION: Movements frequently and regularly required using the wrists, hands, and/or fingers.
AVERAGE VISUAL ABILITIES: Average, ordinary, visual acuity necessary to prepare or inspect documents or products or operate machinery.
PHYSICAL STRENGTH: Sedentary work; sitting most of the time. Exerts up to 10 lbs. of force occasionally. (Almost all office jobs.)
WORKING CONDITIONS
NONE: No hazardous or significantly unpleasant conditions (such as in a typical office).
MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION
REASONING ABILITY: Ability to deal with a variety of variables under only limited standardization.
Able to interpret various instructions.
MATHEMATICS ABILITY: Ability to compute discount, interest, profit, and loss; commission markup and selling price; ratio and proportion and percentage.
Able to perform very simple algebra.
LANGUAGE ABILITY: Ability to read a variety of books, magazines, instruction manuals, atlases, and encyclopedias.
Ability to prepare memos, reports, and essays using proper punctuation, spelling, and grammar.
Ability to communicate distinctly with appropriate pauses and emphasis; correct pronunciation (or sign equivalent) and variation in word order; using present, perfect, and future tenses.
INTENT AND FUNCTION OF JOB DESCRIPTIONS
Job descriptions assist organizations in ensuring that the hiring process is fairly administered and that qualified employees are selected. They are also essential to an effective appraisal system and related promotion, transfer, layoff, and termination decisions. Well constructed job descriptions are an integral part of any effective compensation system.
All descriptions have been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate.
In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.
Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Job Tags
Work experience placement, Work at office,