Commercial Loan Officer

Osgood Bank is recruiting for a Commercial Loan Officer. This position will manage existing commercial portfolio customer relationships and look for opportunities to expand these relationships. Identify and prospect new business inside Bank’s approved client network. Work within approved lending authority based on experience. Must have the ability to travel to clients, comprising up to 25% of the position’s duties.

The ideal candidate has two years related experience. Prior banking experience is preferred.

Essential Job Functions:

• Interview loan applicant and obtain required financial information and tax returns for both new loan requests, and for renewals.
• Compile underwriting information and work with the Bank’s Credit Analysts to develop a complete financial analysis of the applicant’s cash flow and financial status, including the applicant’s credit history. Collateral valuation will also be a part of this process.
• Correspond with the applicant to resolve questions regarding the financial information that has been provided to the Bank. As necessary, negotiate loan terms, loan covenants, interest rates, and loan fees.
• Approve the loan request within the individual lending officer’s assigned lending authority or refer the loan request to the Bank’s Senior Lending Officer and / or the Bank’s Loan Committee, for approval. Ensure the correct risk grade is assigned to each loan.
• Close approved loan(s) and ensure that all loan documents and all loan agreements are complete and accurate, according to the Bank’s Lending Policy.
• When a loan request is denied, send adverse action notices in accordance with regulatory requirements and the Bank’s Lending Policy.
• Meet expectations through managing specialty portfolio while continuing to expand prospective new business inside the Bank’s approved client network. Monitor their individual loan pipeline on a regular basis.
• Under the direction of the Senior Lending Officer, manage the loan relationships that become delinquent, by taking appropriate action. Develop written action plans on situations where the delinquency has the possibility or probability of becoming a serious problem. Make recommendations, when necessary, to have a delinquent loan(s) placed on the Bank’s “Watch List”.
• Participate in community activities to promote the image and goodwill of the Bank.
• Ability to travel as necessary for client meetings, a minimum of 25% of position’s duties.
• Perform other duties as assigned.

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Ability to Relocate:

• Osgood, OH 45351: Relocate before starting work (Required)

Work Location: In person