Junior Business Services Loan Officer

Job Description

Job Description

Junior Business Services Loan Officer - Job Description

Department : Commercial

Grade : 10

Reports To :

SVP of Business Services and AIS

Classification : Exempt

Supervises Direct : None

Approved By : KR / KAW

Effective Date : 04 / 28 / 2025

Role :

To assist in originating and managing a portfolio of commercial loans, with an overall objective of maintaining and increasing its asset quality while developing new and existing business relationships with the credit union commercial membership.

Essential Functions & Responsibilities :

• Takes applications for commercial loan business. Reviews member financial condition and assesses the member's ability to re-pay the loan. Makes underwriting decisions within approval authority. Completes or directs completion of all loan documents and closes loans.
• Participates in developing lending and deposit business for the Credit Union. Calls on clients to expand existing business; calls on prospects seeking opportunities to expand the Credit Union's client base and assists other Business Services Loan Officers with write ups and closing commercial deals.
• Monitors existing loan portfolio to maintain a high-quality asset base. Maintains up-to-date member files including current balance sheets, profit & loss statements, cash flow projections and all loan documentation.
• Represents the credit union as appropriate in its relationships with members, sponsor organizations(s), suppliers, other financial institutions, and similar groups.
• Work through appropriate approval path to release collateral on existing loans, make changes in loan terms, authorize waivers of payments and changes to due dates, and all other loan changes.
• Assists members with any loan and / or depository related questions and concerns.
• Assists in collection of past due loans.
• Performs other related duties as assigned.

Performance Measurements :

1.

Achieve or exceed budgeted loan volume (dollars and / or numbers) for location and organization wide.

2.

Ensure loan decisions are made and relayed to appropriate parties within a timely manner.

3.

Maintain below policies delinquency rate and / or managing repayment plays.

4.

Ensure loan decisions are in compliance with all applicable Federal, State, and Lending regulations, policies and procedures.

5.

Troubleshoot and resolve member and internal inquiries in a timely and accurate manner. Ensuring clear communication between all respectable parties.

6.

Provide informed, professional, and accurate service and support to all members and associates.

Knowledge and Skills :

Experience

One year to three years of similar or related experience.

Education

(1) A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program.

Interpersonal Skills

Motivating or influencing others is a material part of the job. Outside contacts become important and fostering sound relationships with other entities (companies and / or individuals) becomes necessary and often requires the ability to influence and / or sell ideas or services to others. The role requires a significant level of trust or diplomacy.

Other Skills

Must have experience in analyzing business financial statements and assessing the viability of businesses; must have excellent communication and PR skills; ability to use related software required.

Physical Requirements

FINGER DEXTERITY : Using primarily just the fingers to make small movements such as typing, picking up small objects, or pinching fingers together.

TALKING : Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.

AVERAGE HEARING : Able to hear average or normal conversations and receive ordinary information.

REPETITIVE MOTION : Movements frequently and regularly required using the wrists, hands, and / or fingers.

AVERAGE VISUAL ABILITIES : Average, ordinary visual acuity necessary to prepare or inspect documents or products, or operate machinery.

PHYSICAL STRENGTH : Sedentary work; sitting most of the time. Exerts up to 10 lbs. of force occasionally.

Work Environment

No hazardous or significantly unpleasant conditions.

This Job Description is not a complete statement of all duties and responsibilities comprising the position.