Commercial Loan Officer

Commercial Loan Officer

Commercial Loan Officer

Department/Location: Loan Department / Tacoma

Employee Reports to: Chief Lending Officer

FLSA: Salary; Exempt position

Status: Full-Time 76-80 Hours

Rate of Pay: Grade 33 / $106,080 - $137,800 Annually

Summary/Objective: Markets, originates, and closes Commercial Real Estate, maintain and grows our portfolio, construction, consumer loan and other Timberland Bank loan products. Ability to perform required tasks to maintain portfolio loans with the branch/office.

Essential Job Functions:

• Interviews loan applicants. Counsels applicants on loan programs and options. Obtain necessary financial information to process loan applications.
• Input loan information on loan systems, verifies credit, identification, reviews documentation to calculate income, and analyzes the need for additional information.
• Prepares loan files to send for processing, underwriting, and action by Loan Committee and/or Board of Directors.
• Recommends terms and conditions of loans.
• Meets with drop-in and walk-in customers.
• Ensures compliance with state, federal, and Timberland Bank lending policies.
• Outlines loan terms and loan commitments to borrowers; assists borrowers and processors with meeting conditions that are “subject to” loan approval.
• Prepares and submits requests for loan modifications and advances.
• Obtains and updates applicant information required to convert and refinance construction loans to permanent financing.
• Manages matured files and other related information pertaining to residential properties that Timberland holds the mortgage to.
• Prepares and implements plans to meet or exceed branch/office loan production goals; conducts outside sales calls; maintains good working relationships with brokers and builders.
• Represents Timberland Bank to the local community in a professional manner.

Qualifications

Requirements:

• Bachelor’s degree or equivalent work experience in Finance/Accounting
• Commercial Banking experience preferred
• Commercial Loan Underwriter experience is a plus

Knowledge, Skills & Abilities:

• Demonstrates sales experience, ability to multi-task, be involved with outside organizations that helps promote Timberland Bank.
• Prefer two years combined experience in loan origination, loan processing, or other related fields.
• Extensive knowledge of bank loan products and services.
• Extensive knowledge of banking industry rules, regulations, policies, and procedures.
• Formal or correspondent training in lending disciplines.

Physical Demands: To successfully perform the essential duties of this position, an individual must be able to meet the physical demands listed below. While some absences may be protected by federal, state and/or local laws, regular attendance is an essential function of the job. Reasonable accommodations may be made to assist individuals with disabilities to perform essential job functions.

Work Environment: The duties of the job are performed on premises and in an office setting.

What We Offer: Based on eligibility, Timberland Bank offers a comprehensive benefits package including medical, dental, vision, 401k, vacation/paid sick leave and other great benefits with employee only.  Timberland Bank is a family-friendly employer. Our employees enjoy competitive compensation and an excellent benefits package including:

• Medical, Vision and Dental Insurance
• Paid vacation and holidays
• Paid Birthday Day Off
• Two pay periods per month
• Paid sick leave
• 401k and employee stock ownership plans
• Paid training and advancement opportunities
• Numerous employee only banking benefits

Disclaimer: This job description is intended to describe the general nature and level of work being performed by employees assigned to this classification. They are not intended to be construed, as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.

Salary : $33,000 - $106,080