What are the responsibilities and job description for the Commercial Loan Officer position at Citizens Bank?
Job Description
Job Description
Summary of Job Responsibilities :
Under general supervision, but in accordance with established policies and procedures, makes and services a variety of commercial loans. Accountable for complying with all Bank Secrecy Act and Anti-Money Laundering regulations, bank policies and procedures.
Essential Job Duties :
- Expected to spend approximately 55% to 60% of their time developing market by conducting business development calls to existing and potential customers. Works to meet established goals.
- Interviews applicants for commercial loans, approves and / or declines loan requests, processes and documents new loans.
- Works with the credit analyst to analyze data; underwrites the credit; and develops a credit request to be presented to the proper loan authority and / or committee.
- Establishes and negotiates, when necessary, the terms under which credit will be extended, including the costs, repayment method and schedule, and collateral requirements.
- Ensures the protection of the Bank's interests in matters of adequate documentation, adherence to Bank policy, and the various laws and regulations applicable to loan operations, as well as the exercise of sound credit decisions. This includes, but is not limited to, monitoring daily delinquency, daily non-sufficient fund activity, and maintaining overall portfolio delinquency and charge off levels consistent with established goals.
- Responsible for the on-going management of a sizeable loan portfolio. This includes, but is not limited to, collection of all required annual and periodic financial reporting, timely completion of annual reviews as required by policy, collateral inspections and / or valuations, responsible use of lines of credit, and renewing maturing loans in a timely fashion with minimal requests for short-term maturity extensions.
- Responds to telephone inquiries from customers; explains loan procedures and provides technical assistance; answers questions concerning loan rates, terms and related matters
- May assist in servicing commercial loans by processing items, such as : payoffs, refinances, and problem loan work-out arrangements.
- Handles follow-up and collections of delinquent loans.
- Represents the Bank at community events.
Skills and Abilities Required :
Minimum Level of Performance and Training Required :
Working Conditions :
Generally good. Some exposure to adverse conditions when making business development calls.
