What are the responsibilities and job description for the Sr. Business Relationship Manager-Commercial position at Rally Credit Union?
PRIMARY OBJECTIVE OF POSITION
The primary objective of this position is business development, origination, underwriting, processing, documentation, monitoring, and servicing of the MBL portfolio to best serve the credit union and its members. Tasks include interviewing, promoting products, making recommendations, analyzing applicant’s business plan and credit worthiness operating within lending authority limits and credit union policies and regulations.
Interview members requesting MBL services.
ESSENTIAL JOB FUNCTIONS
- Interview members requesting MBL services.
- Review analysis of financial statements, tax returns and other pertinent member business information to determine repayment ability and viability of and status of business and identify opportunities for other credit union services.
- Formulate opinion as to loan decision, document, and approve or disapprove loans within designated lending authority.
- Ensure the protection of the credit union’s interest in matters of adequate documentation and adherence to policies and the various laws and regulations applicable.
- Execute loan extensions and change of loan agreements upon proper approval.
- Manage collection and loan workout processes when necessary.
- Responsible for monitoring loan portfolio exception report.
- Establish routine call program for members in the MBL portfolio for review of accounts as well as marketing and business development.
- Responsible to requesting annual tax returns, financial statement, and other necessary credit documentation to comply with loan policy and regulatory requirements.
- Have a complete knowledge of and ensure compliance with all laws and regulations governing the origination, processing, closing, and collecting of commercial loans or accounts.
- Cross sell credit union services.
EDUCATION
- A Bachelor’s degree with a concentration in accounting, finance, or business or equivalent.
EXPERIENCE
- Minimum (8) years in a financial institution experienced in: originating, underwriting, processing and development of commercial loans with focus on business relationships.
- Must have had significant previous lending authority.
