What are the responsibilities and job description for the Commercial Loan Officer position at Generations Bank?
Commercial Loan Officer - Kimberling City, Missouri
The Generations Bank Commercial Loan Officer is responsible for promoting the Bank by building new relationships and maintaining excellent customer service while attaining established goals, through active participation in sales management and officer call programs.
What makes Generations Bank different? We prioritize a diverse and talented group of people who are encouraged to bring their full self to work. We are committed to a common goal, serving our community. Our four core values are more than words, they're at the heart of everything we do. We believe a team with a strong culture and unified purpose is better in the long run.
Core Values:
- Accountability: We believe our work commitments should be done fully, and lending a hand to fellow team members isn't optional.
- Relationships: We believe when we treat our team and customers with humility, dignity, and pride we reach our highest potential.
- Communication: We believe in proactively sharing ideas and information.
- Stewardship: We believe each team member should care for our assets and opportunities as if they were their own.
If you share a common vision in our culture and core values, we encourage you to apply.
What does a Commercial Loan Officer do? The specific duties/responsibilities listed below are representative of the knowledge, skill, and/or ability to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.
- Engages in business development activities and solicitation of new business; actively involved in instilling and maintaining a positive sales environment through education of the Bank's products and services.
- Interviews prospective applicants and requests specified information related to loan or credit application; corresponds or re-interviews applicants to resolve questions regarding application information.
- Performs prequalification assessment and analysis of financial condition and risk of financing requests within framework of Bank credit culture and current economic and industry trends.
- Gathers and analyzes all information necessary to present a financing request to Senior Management or Loan Committee for approval; meets with existing or potential customers; visiting sites of loans; negotiates loan terms and conditions; approves loans within established lending limits or refers and recommends acceptance to the Chief Credit Officer or Loan Committee.
- Coordinates processing of approved loans; ensures loans are processed according to agreement, customer needs and conform to Bank lending policies; obtains sufficient information and/or documentation from customers; solves problems relative to processing and servicing of loans within his or her portfolio; approves loan disbursements in accordance with agreements.
- Ensures that credit inquires and UCC filings are researched to determine credit worthiness and appropriate collateral positioning are achieved.
- Ensures that certification or deletion of collateral is made by the appropriate personnel.
- Negotiates, underwrites, and processes renewals of credit facilities.
- Approves loan payments, draws from lines of credit, and fund transfers within specified limits.
- Authorizes commitment, engagement, auction and decline letters.
- Reinforces the application of superior customer service through his or her own example along with appropriate follow through with involved customers and employees.
- Verifies funds with mortgage companies and contractors.
- Develops and maintains knowledge of financial industry, economy, market conditions, rates, vendors, and competition.
- Represents the Bank in various community, civic, and community reinvestment functions to further enhance the Bank's image and develop additional business; assists the Bank in establishing and maintaining market position in the financing arena.
- May review NSF and overdraft reports for customers assigned within his or her portfolio; approves or declines such exceptions within established lending limits.
- Cross sells the Bank's other products and services, referring customers to appropriate staff as indicated.
- Updates and corresponds with legal counsel and collectors on workouts, bankruptcies, and charge-offs to ensure all possible precautionary actions or measures are taken.
- Assists in meeting annual loan growth goals assigned by Executive Management; participates in various internal committees assigned by Executive Management.
- Responds to inquiries or refers inquiries to the appropriate department or person and exhibits the necessary follow-through with customers and/or staff involved.
- Consistently applies superior decision-making techniques pertaining to inquiries, approvals, and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for employee development.
- Processes, solves, and answers complex customer transactions, problems, or inquiries.
- Maintains confidentiality of customer and bank data.
- Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.
- Demonstrates knowledge of and adherence to Equal Employment Opportunity (EEO) policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.
- Assures compliance with all Bank policies and procedures and all applicable state and federal banking laws, rules, and regulations.
SUPERVISORY RESPONSIBILITY
The position of Loan Officer is not responsible for the supervision of any employees.
ADDITIONAL DETAILS
This full-time, non-exempt position is based in Kimberling City, MO, and reports to the Market President. The work schedule is Monday-Friday, 8-5. The working arrangement is on-site.
After Hours/Weekends: as a Community Bank, we are committed to serving our community! Accordingly, our employees have an opportunity to participate in events after normal business hours for community outreach activities.
What are the Requirements?
BASIC QUALIFICATIONS - you must have these to be considered for this role:
- High school diploma or equivalent (GED).
- Bachelor's degree and/or 3 or more years of lending experience.
- Ability to perform the essential functions, mental, and physical demands of the job as listed above.
- Current driver's license and a vehicle with appropriate insurance coverage if required to drive while performing assigned duties and responsibilities.
PREFERRED QUALIFICATIONS - if you have these you will stand out:
- Bachelor's degree in accounting, finance, or business administration.
- Effective communication skills - speaking, listening (active), and written.
- Excellent organizational and time management skills.
- Intermediate knowledge of human resource labor laws and policies.
- Intermediate skills in computer terminal and personal computer operation; host computer system; word processing and spreadsheet software programs.
- Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
- Current registration with the Nationwide Mortgage Licensing System and Registry.
- Advanced problem-solving aptitude
- Teamwork orientation and an interest/capacity in cultivating strong working relationships.
- Professional appearance and demeanor with a customer focus.
- Positive, "can do" attitude.
Why should I apply?
- Competitive Wages
- Comprehensive and affordable medical, dental and vision benefits
- Paid time-off program
- Company-paid holidays (11 annually)
- 401(k) with Company Match
- Company-paid Basic Life Insurance
- Company-paid Short-Term Disability
- Employee Assistance Program
- Paid Maternity and Paternity Leave
- Training and Advancement opportunities
- Company-sponsored volunteer opportunities
