Commercial Banking Officer I

Commercial Banking Officer I Opportunity at Stanford Federal Credit Union! 

We’re on a mission to improve financial lives! If you’re a high-energy, compassionate, and collaborative individual with a desire to make a difference, we encourage you to consider joining our SFCU team! Members really do come first at Stanford FCU because we’re non-profit and owned by our members. Our members work for Stanford University or some of the most innovative companies in Silicon Valley—and we provide them with the most generous financial benefits in our industry. 

Stanford FCU is a $4 billion company with a global reach of over 88,000 members in 90 countries and growing! Come grow with us and see what it’s like to work for a Bay Area Top Workplace. As our CEO says, “we work hard, and we play hard”, and we need your help to improve even more financial lives!

The Commercial Banking Officer I (CBO I) is a junior underwriting position. The CBO I will manage a portfolio consisting of small balance loans and participation loans. The CBO I is responsible to ensure loan reviews are current and any negative emerging trends are addressed, as well as monitoring reporting requirements for covenants and ensuring reporting is updated in accordance with procedures. CBO I is responsible to ensure all loan reviews are completed under assigned delinquency threshold rate. The position is responsible to identify credit concerns in a timely manner in accordance with regulatory requirements, the credit union's policies, and procedures. The CBO I is expected grow business credit cards, small business loans and participations in their assigned loan portfolio. 

*Please note this is not a remote position*

Who YOU are:  

• Knowledge in each aspect of the 5 C's of Credit: Character, Capacity, Capital, Collateral and Conditions.
• Proficient in reviewing commercial appraisals and environmental reports.
• Knowledge with MS Word, Excel, and PowerPoint, with effective presentations skills.
• Possess versatility and flexibility to successfully serve as a backup to other positions.
• Present a positive professional image.
• Strong business writing skills.
• Bachelor's degree, plus one years of commercial underwriting experience.
•  Certification in Commercial Lending a plus.

What YOU’LL do:

• Manage assigned loan portfolio by maintaining loan reviews under credit union's assigned delinquency threshold. Including analyzing financial statements, tax returns, market data to assess and recommend appropriate risk grading.
• Generate business from assigned portfolio, including deposits, business credit cards, small business loans and commercial loans.
• Independently and accurately underwrite and prepare credit memos for loan approval for business credit cards, small business loans and participation purchases.
   Perform collateral evaluation, verify values, perform asset valuation and verification, investigate credit histories, and evaluate personal and business assets and financial statements. 
• Maintain current knowledge of general economic conditions or changing trends that may affect the commercial portfolio.
• Assist CBO Teams in completing loan reviews as necessary
•  Understand and stay abreast of changes to SFCU Policy and Procedures, and NCUA Regulations, including but not limited to, The Bank Secrecy Act, The Patriot Act, and the Office of Foreign Assets and Control.
• When needed coordinate and assist in collection and recovery of problem loans.
• Participate in department projects and perform specific and delegated duties, as assigned by VP Commercial Lending. 
• Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act and the Office of Foreign Assets Control.

Some of our benefits for YOU:   

• 100% paid employee medical, dental, vision, life/AD&D and short-term disability insurance for the employee; 50% paid for dependents
• Quarterly incentives up to 10% of your salary (based on position)
• Employer 401(k) matching up to 5% plus additional annual discretionary contributions
• Education reimbursement up to $5,200/year
• Employee recognition program with cash incentives 
• Commute benefits up to $900 per year 
• Paid Sick Time accrues at two weeks per year
• Paid Vacation Time accrues at three weeks per year
• Paid Federal banking holidays (approximately 10 per year)
• Ongoing training and education, seminars, and conferences
• Loan rate discounts on some products (vehicle, mortgage and HELOC loans)
• Waived fees and deposit bonuses on Stanford FCU accounts
• Flex health/transit plan availability 
• Employee Assistance Program with free benefits like counseling, help finding legal assistance and day care resources

If you are ready for this awesome opportunity (or know somebody who is) please contact us today! 

Stanford Federal Credit Union provides competitive pay ranges based on factors such as (but not limited to) the scope and responsibilities, qualifications needed for the position and external market pay for comparable positions.

Please Note: SFCU does not provide work visa sponsorship or accept visa transfers for any positions. 

Stanford Federal Credit Union is committed to equal employment opportunities, and a workplace that embraces diversity and inclusion for qualified individuals of all backgrounds.

Salary : $900 - $5,200