VP/Commercial Loan Officer

JOB DESCRIPTION

Position Title: VP/Commercial Loan Officer Department: LPO

STATUS: Exempt GRADE: TBD

REPORTING RELATIONSHIPS

Position Reports To: EVP/CCO Positions Supervised: NA

POSITION PURPOSE

Responsible for developing new business, underwriting, structuring and the closing of commercial loans, as well as maintaining and servicing an existing portfolio. Develops and establishes loan accounts. Supervises assigned lending account activities and periodically reviews loan documents for adherence to lending limits, documentation requirements and compliance with regulations. Adheres to Core Values and promotes Value Driven Culture at all times. Performs duties in compliance with regulatory requirements including, but not limited to, the Bank Secrecy Act.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

• Interviews loan applicants, collects and analyzes financial and related data to determine the general creditworthiness of the prospect and the merits of the specific loan request.
• Establishes and negotiates the terms under which the credit will be extended, including the costs, repayment method and timing, and impose any collateral requirements.
• Approves loans up to assigned lending limit and serve as the contact officer for loans over this limit and any problem loans requiring special attention.
• Collects and analyzes information, which reflects the current creditworthiness of customers, and the current merits of existing loans. Updated credit file information may be obtained by direct inspection of the applicant’s business and/or collateral, review of interim financial reports, or by the personal interview.
• Monitors loan payment activities and takes necessary actions to effect collections.
• Advises and assists customers on business management and financial matters.
• Promotes and develops new business and cross sell Bank products.
• Develops materials for and makes loan presentations to the Loan Committee and the Board of Directors.
• Counsels and assists in the training and development of Junior Loan Officers and Loan Department personnel.
• Ensures the protection of the Bank’s interests in matters of adequate documentation and adherence to Bank policies, law, rules, regulations and ensures the exercise of sound credit decisions in the commercial and consumer credit areas.
• Keeps abreast of new developments in the lending field and government regulations and communicating with staff on these matters.
• Adheres to Core Values and promotes Value Driven Culture at all times.
• Responsible for complying with the Bank Secrecy Act policies and procedures, including attendance at annual training, as directed by the Bank Secrecy Act Officer.
• Other duties as assigned.

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

QUALIFICATIONS AND REQUIREMENTS

To perform this job satisfactorily, 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 duties.

Education/Certification: Bachelor’s degree required. A combination of education and work experience maybe substituted for a college degree.

Experience Required: Three to five years’ banking/finance experience in the loan department preferred.

Required Knowledge: Knowledge of consumer and commercial lending.

Skills/Abilities: Excellent interpersonal skills, as well as written and verbal communication skills are necessary. Strong organizational and mathematical skills are required.

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 the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties.

Finger/Hand Dexterity: The employee is frequently required to use hands to finger, handle, or feel objects, tools, or controls, and reach with hands or arms.

Talking: Must frequently convey detailed or important information, instructions or ideas accurately, loudly, and/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. Employee may occasionally be required to stoop, kneel, crouch, or crawl and must occasionally lift and/or move up to 25 pounds.

WORK ENVIRONMENT

The noise level in the work environment is usually quiet; frequent interruptions during the day; average office environment in regard to temperature and lighting, occasional need to work off-site or outdoors; some city, or state travel may be required.

MENTAL DEMANDS

Reasoning Ability: Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions. 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.

Mathematical Skills: Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent.

Characteristics: Positive attitude; Must be self-motivated and able to function independently in a multi-task environment while also taking direction and working as part of a team. Must possess a high level of integrity, recognizing the need for discretion and confidentiality. Must be able to tactfully handle all situations and remain impartial. A collaborative work style is required.