What are the responsibilities and job description for the VP Commercial Loan Officer position at NANO BANC?
The VP Commercial Loan Officer sources commercial loan opportunities, recommends credit and lending actions, cultivates customer relationships, and assists in monitoring of all loans sourced and originated by Nano Banc.
Essential Duties and Responsibilities: To perform this job successfully, an individual must be able to perform the following satisfactorily; other duties may be assigned. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Responsible for all loan sourcing, prospecting, and preliminary due diligence of prospective commercial loans. Structure loans, negotiate loan terms with potential borrowers balancing loan level profitability and risk of default/loss.
- Maintain ongoing market knowledge of the Banc’s defined assessment area and prepare board presentations detailing current and expected conditions
- Cultivate and maintain relationships with commercial loan brokers in Southern California
- Present recommended loans and prospects to the Banc’s Management Loan Committee prior to Letter of Intent issuance.
- Review and interpret third party due diligence reports, including appraisals, market assessments, plan and cost reviews, and environmental reports to determine transaction viability, and appropriate loan structure.
- Review credit approval memos and present to approval authorities, including Senior Management as required under Loan Policy.
- Manage and direct loan client inquiries to appropriate staff or Banc personnel to ensure high level of customer service.
- Support credit department by ensuring loan clients adhere to reporting requirements and other requirements of subject loan documents.
- Cultivate client relationships for projects aligned with Nano Banc’s strategic growth initiatives.
- Reviews exist and new client relationships for credit quality, structure, and pricing.
- Promotes and develops new business for the Banc.
- Other duties as assigned.
To perform the job successfully, an individual should demonstrate the following.
Business Acumen—Aligns work with strategic goals. Conducts cost-benefit analyses. Demonstrates knowledge of market and competition. Displays orientation to profitability. Understands business implications of decisions.
Expertise: Commercial Real Estate and C&I loan structuring, Real Estate Valuation, Accounting, Interpretation of all types of financial statements of individuals and business entities.
Dependability—Commits to doing the best job possible. Follows instruction. Keeps commitments. Meets attendance and punctuality guidelines. Responds to requests for service and assistance. Takes responsibility for own actions.
Industry Knowledge—Shares knowledge willingly with others; demonstrates insight into the industry, the market, and competitors; demonstrates a strong work ethic and high performance.
Initiative—Personally committed to and actively works to continuously improve him/herself; delegates effectively and to the right level; understands that different situations and levels may call for different skills and approaches; self-starter to seize opportunities as they arise.
Strategic Thinking—Adapts strategy to changing conditions. Analyzes market and competition. Develops strategies to achieve organizational goals. Identifies external threats and opportunities. Understands organization’s strength and weaknesses.
Goal Orientated—Focuses efforts on results that matter; builds enthusiasm for the organization's goals; demonstrates a passion for producing top quality work; handles high priority tasks with a sense of urgency.
Qualifications:
- Bachelor's degree in finance or accounting, 3 years of leadership experience, 6 years of lending experiencing including consumer, mortgage, and commercial lending, or an equivalent combination of education and experience.
- Dependability, reliable, and a self-starter with multi-tasking skills
- Professional demeanor
- Proficient in Microsoft Office applications including Word, Excel and Outlook
- NMLS is preferred.
Work Environment: The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.
The noise level in the work environment is usually moderate.
Physical Demands:
While performing the duties of this job, the employee is regularly required to sit. The employee is frequently required to use hands to finger, handle, or feel and talk or hear. The employee is occasionally required to stand and walk. The employee must be able to occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.
The above job description is not intended to be an all-inclusive list of duties and standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as assigned by their supervisor.
Salary : $125,000 - $165,000
