Loan Officer

ROLE
The Loan Officer will work directly with clients to assess their qualifications for loan services and provide recommendations for consumer, commercial and agricultural loan products that would best suit their needs and/or the needs of their business. This will also include reviewing lending applications to independently evaluate, authorize, and/or recommend the approval of consumer, agricultural and commercial lending products. The Loan Officer is additionally responsible for preparing any necessary loan documentation in order to comply with bank policies and loan regulations.

ESSENTIAL FUNCTIONS
This position is responsible for the following functions:
• Evaluate application data to advise potential borrowers on the bank’s commercial, agricultural or consumer loan products best suited for their needs and the needs of their business
• Assist customers with completion of initial lending applications; review submitted applications for accuracy and completion and request additional information or detail as needed

• Verifies information and financial history provided; acquires borrowers’ credit reports from major credit reporting bureau(s)

• Examines application and creditworthiness of potential borrower; determines or makes recommendations regarding approval or denial/modification of requested loan

• Approves or, when outside pre-approved lending limits, refers loans to management for analysis and approval

• Ensures loan agreements are completed according to policy; calculates and explains payment schedules

• Explains different lending and credit options and bank products to potential and current clients

• Maintains credit and lending records and files

• Maintains a robust referral network among the local banking community, with builders, real estate agents, and other related businesses

Various other responsibilities as assigned by supervisor

QUALIFICATIONS
EDUCATION/CERTIFICATION: Bachelor’s degree in Business, Finance, or related field highly preferred
High School Diploma or equivalent required
REQUIRED KNOWLEDGE: Full knowledge of loan services offered by Peoples Bank and Trust, understanding of all PBT policies and procedures related to loan services provided, functional understanding of reports required to maintain and track outstanding loans and a sound understanding of business finance principles and advisement
EXPERIENCE REQUIRED: 2 years banking experience preferred
SKILLS/ABILITIES: Attention to detail, strong written and verbal communication skills, self-motivation, self-management, ability to consistently follow through on tasks, problem-solving, organized, analytical, interpersonal, sound independent judgment, time management, customer relationship-building, computer literacy and a strong ability to multi-task

PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION
TALKING: Ability to speak effectively and communicate clearly
AVERAGE HEARING: Ability to hear average conversations at a standard level in an office environment around other customers and bank personnel
REPETITIVE MOTION: The employee is regularly required to type throughout the day
FINGER DEXTERITY: The employee is regularly required to use hands to type and maneuver a mouse
AVERAGE VISION: Specific vision abilities required by this job include close vision, color vision, peripheral vision, depth perception and ability to adjust focus with 20/20 vision (with or without the assistance of eyeglasses/contacts)
PHYSICAL STRENGTH: The employee must occasionally lift and/or move up to 20 pounds (unassisted) as well as stand, sit, bend, kneel, squat and walk for long periods of time

WORKING CONDITIONS
General professional office environment with climate control. Adequate lighting. Required regular work attendance on Saturdays. Occasional additional hours outside of regular bank service hours to complete tasks.

MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION
REASONING ABILITY: Ability to deal with a variety of variables under only limited standardization.
MATHEMATICS ABILITY: Strong numeric capabilities; Ability to add, subtract, multiply and divide in all units of measure using whole numbers and common fractions.
LANGUAGE ABILITY: Ability to read, analyze, and interpret documents. Ability to communicate clearly

INTENT AND FUNCTION OF JOB DESCRIPTIONS
Job descriptions assist organizations in ensuring that the hiring process is fairly administered and that qualified employees are selected. They are also essential to an effective appraisal system and related promotion, transfer, layoff, and termination decisions. Well constructed job descriptions are an integral part of any effective compensation system.

All descriptions have been reviewed to ensure that only essential functions and basic duties have been included. Peripheral tasks, only incidentally related to each position, have been excluded. Requirements, skills, and abilities included have been determined to be the minimal standards required to successfully perform the positions. In no instance, however, should the duties, responsibilities, and requirements delineated be interpreted as all-inclusive. Additional functions and requirements may be assigned by supervisors as deemed appropriate.

In accordance with the Americans with Disabilities Act, it is possible that requirements may be modified to reasonably accommodate disabled individuals. However, no accommodations will be made which may pose serious health or safety risks to the employee or others or which impose undue hardships on the organization.

Job descriptions are not intended as and do not create employment contracts. The organization maintains its status as an at-will employer. Employees can be terminated for any reason not prohibited by law.