What are the responsibilities and job description for the Commercial Loan Origination Specialist position at Millbury Federal Credit?
Job Summary:
As a Commercial Loan Origination Specialist at Millbury Federal Credit Union, you will play a vital role in identifying and developing commercial loan opportunities within the credit union's field of membership. This involves analyzing financial statements, credit history, business/industry profiles, and market trends to assess general creditworthiness, identify risks/mitigants, and propose terms that demonstrate sound commercial lending principles.
Key Responsibilities:
- Identify potential loan markets, centers of influence, and business partners to develop prospects for commercial loans and deposits
- Originates commercial loan opportunities within MCU's field of membership
- Interviews and assesses potential commercial borrowers and loan sponsors; compiles and organizes relevant information in support of member business loan requests
- Analyzes financial statements, credit history, business/industry profiles, and market trends to identify potential loan opportunities
- Prepares non-binding loan proposals and facilitates negotiation of loan structure with applicants, including fees, loan repayment options, and other credit terms
Requirements:
- 10 years or more as a business development officer, relationship manager, or commercial lender
- Strong understanding of fundamental commercial credit analysis concepts and the ability to thoughtfully analyze financial statements and tax returns
- Working knowledge of loan regulations
- Enthusiasm to learn and cross-sell products and services
- Proficient in Microsoft Office
