Senior Commercial Loan Officer

Senior Commercial Loan Officer

This Senior Commercial Loan Officer is responsible for extending credit within the policies and guidelines set forth in the loan policy. This position ensures that all loan decisions, actions, and recommendations are based on an accurate and thorough understanding of each customer's financial needs and conditions and comply with all laws, regulations, and bank policies. This Senior Commercial Loan Officer must properly administer the creditworthiness and documentation of all loans and / or borrowing relationships originated or assigned to the officer.

Further, it is the officer's responsibility to maintain current credit files and proper note and collateral security documents. In addition, each officer shall be responsible for :

• Assigning the proper credit rating to loans as defined in this policy at origination and as conditions may change with the normal credit monitoring process. It is expected that officers should be the first to recognize and report deterioration in the credit quality of a loan or borrowing relationship. Early identification of problem loans is extremely important to minimize losses.
• Recommending approval and administering workout programs for problem loans.
• Recommending approval and monitoring levels of reserves established for loans serviced by the officer.
• Administering the collection process either internally or with bank counsel, complying with all laws and regulations.
• Protecting depositor's funds and stockholders equity.
• Generating earnings for the bank and its stockholders.
• Promoting and maintaining a favorable image for the bank.
• Interviewing loan applicants and making credit decisions.
• Responsible for developing new business and managing existing portfolio.
• Responsible for collecting past due loans, and keeping credit and collateral exceptions within policy ranges.
• Manages a portfolio of loans and may coordinate collection efforts.

Essential duties and responsibilities include :

Qualifications :

To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required.

Education and experience : Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four year college degree, plus 7 years related experience and / or training, and 6 years related management experience, or equivalent combination of education and experience.

Communication skills : Ability to read, analyze, and understand common scientific and technical journals, financial reports, and legal documents; ability to respond to complex or difficult inquiries or complaints from customers, regulatory agencies, or members of the business community.

Mathematical skills : Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts such as fractions, ratios, and proportions to practical situations.

Critical thinking skills : Ability to solve practical problems and deal with a variety of known variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, or diagram formats.

Working conditions : Somewhat disagreeable working conditions. Continuously exposed to one or two elements such as noise, intermittent standing, walking, pushing, carrying, or lifting. May involve some travel and / or work is at times, in the evening or during the night hours.

Environmental conditions : The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

Physical activities : The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.

While performing the functions of this job, the employee is regularly required to sit, talk or hear; frequently required to use hands to finger, handle, or feel; and occasionally required to stand, walk. The employee must occasionally lift and / or move up to 10 pounds. Specific vision abilities required by this job include close vision.