What are the responsibilities and job description for the Commercial Lending Officer - Sign-on Bonus position at Maine Savings Federal Credit Union?
Commercial Lending Officer - Sign-on Bonus
Maine Savings Federal Credit Union is currently hiring an experienced Commercial Lending Officer. In this role, you will play a pivotal role in assisting members with their commercial lending needs. You will analyze loan requests and make informed credit decisions, ensuring that commercial members receive tailored loan solutions while upholding Maine Savings' lending policies. One candidate will be hired and may work out of the Portland, Ellsworth, Vassalboro, or Hampden location. This position offers a $2,000 sign-on bonus!
Job Summary
Among other responsibilities, the successful candidate will:
- Interview member loan applicants to develop information concerning their loan needs, earnings, and financial condition.
- Analyze current financial position of members to determine the degree of risk involved in extending credit or lending money. Makes decision to approve, disapprove, or forward the loan request to higher levels for decision.
- Prepare and/or reviews all loan documents for completeness and accuracy.
- Explain loan programs to members, evaluates their needs and recommends loan options.
- Establish the terms and conditions of an approved loan and reviews them with the member.
- Authorize release of collateral on existing loans, changes in loan terms, waivers of payments, due date change, etc.
In addition, you will be expected to participate in community development and relationship-building activities within the communities that we serve.
Skills/Qualifications
- Five to eight years of similar or related experience required
- Superior interpersonal, written and verbal communication skills
- Work involves extensive personal contact with others and is of a personal or sensitive nature. Motivating, influencing, and/or training others is key at this level. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others.
- Proficiency in all MS Office applications
Education
- A two-year college degree, or completion of a specialized certification or licensing, or completion of specialized training courses conducted by vendors, or job-specific skills acquired through an apprenticeship program.
Maine Savings offers an excellent compensation package as well as the opportunity to thrive in a challenging, fun, and exciting environment. Maine Savings also offers health insurance, dental and vision insurance, 401k with company match, paid holidays, a generous Paid Time Off program, employee referral program, employee discounts, continuing education and student debt relief programs, longevity bonuses and more!
Maine Savings is a growing modern financial institution offering members a full range of financial services. With over 38,000 members and nearly $800,000,000 in assets, Maine Savings is among Maine’s largest credit unions. With 11 branches, nearly 150 employees, and state-of-the-art technology, Maine Savings is committed to providing its members in-person service and modern conveniences. Founded in 1961 by employees of the Bangor and Aroostook Railroad Company, Maine Savings continues to serve its membership as a federally insured not-for-profit credit union.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
