What are the responsibilities and job description for the Business Loan Officer I position at INNOVATIONS FINANCIAL CREDIT UNION?
Job Title: Business Loan Officer I
Position Type: Full-time, Regular
FLSA Classification: Non-exempt
Reports to: Business Development Manager
Last Review Date: 8/9/2022
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Job Description Summary:
The Business Loan Officer I is responsible for processing and assisting with managing the Member Business Loan and Mortgage Loan portfolio.
Essential Job Functions:
- Responsible for underwriting small business loans in compliance with policy and regulatory standards. To include interviewing potential loan candidates; ensuring complete applications; and obtaining required financial statements (25%)
- Assist with the management of the Member Business Loan and Mortgage loan portfolio (20%)
- Administer and track the small business start-up lending program in compliance with the CDFI grant funding provided by the US Treasury Department (15%)
- Communicate with members to obtain financial statements, tax returns, copies of leases on investment properties, and other financial documents (10%)
- Send appropriate application packages to members upon request, receive member loan applications and prepare them for review. Follow up to determine the status (10%)
- Organize files and perform file maintenance when necessary (10%)
- Answer member phone calls (5%)
- Performs other related duties as assigned. (5%)
Required Skills and Abilities:
- Achievement-oriented, continuous learner
- Adaptability
- Advanced planning, organizing, and problem-solving skills
- Attention to detail
- Customer service and quality focus
- Strong verbal and written communication skills
- Team player who works well with and without direct supervision
Education and Experience:
- 3 years of similar or related experience
- A 4-year college degree is preferred but not required depending on experience
Physical Requirements:
- Prolonged periods of standing, sitting at a desk, and working on a computer
- Must be able to carry and lift objects to 50 lb
- Must be able to listen and speak effectively
Work Environment:
- This position requires the ability to manage a remote working environment when necessary. Prior management approval is required.