Commercial Loan Officer
Company: Citizens Bank
Location: Greenwood
Posted on: May 25, 2023
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Job Description:
Summary of Job Responsibilities:
Under general supervision, but in accordance with established
policies and procedures, makes and services a variety of commercial
loans. Accountable for complying with all Bank Secrecy Act and
Anti-Money Laundering regulations, bank policies and
procedures.
Essential Job Duties:
Expected to spend approximately 55% to 60% of their time developing
market by conducting business development calls to existing and
potential customers. Works to meet established goals.
Interviews applicants for commercial loans, approves and/or
declines loan requests, processes and documents new loans.
Works with the credit analyst to analyze data; underwrites the
credit; and develops a credit request to be presented to the proper
loan authority and/or committee.
Establishes and negotiates, when necessary, the terms under which
credit will be extended; including the costs, repayment method and
schedule, and collateral requirements.
Ensures the protection of the Bank's interests in matters of
adequate documentation, adherence to Bank policy, and the various
laws and regulations applicable to loan operations, as well as the
exercise of sound credit decisions. This includes, but is not
limited to, monitoring daily delinquency, daily non-sufficient fund
activity, and maintaining overall portfolio delinquency and charge
off levels consistent with established goals.
Responsible for the on-going management of a sizeable loan
portfolio. This includes, but is not limited to, collection of all
required annual and periodic financial reporting, timely completion
of annual reviews as required by policy, collateral inspections
and/or valuations, responsible use of lines of credit, and renewing
maturing loans in a timely fashion with minimal requests for
short-term maturity extensions.
Responds to telephone inquiries from customers; explains loan
procedures and provides technical assistance; answers questions
concerning loan rates, terms and related matters
May assist in servicing commercial loans by processing items, such
as: payoffs, refinances, and problem loan work-out
arrangements.
Handles follow-up and collections of delinquent loans.
Represents the Bank at community events.
Skills and Abilities Required:
Ability to learn the benefits and features of the product lines of
the Bank and to be able to relate them to potential customers
during business development calls.
Knowledgeable in commercial real estate, commercial and industrial
lending and cash management services.
A proven history of successful business development and portfolio
growth.
The ability to understand a variety of financial statements and tax
returns to determine a potential or existing borrowers financial
position and cash flow.
The ability to speak read and write professionally and to use and
understand financial spreadsheets and common commercial ratios.
The ability to proficiently operate a computer and use excel, word
and other bank software.
Knowledge of government sponsored lending programs offered by the
bank, such as 504 and 7A programs.
Minimum Level of Performance and Training Normally Required:
College Degree (BA or BS) is preferred.
Completion of IBA Commercial Lending School is preferred.
Five years commercial lending experience
Working Conditions:
Generally good. Some exposure to adverse conditions when making
business development calls.
Keywords: Citizens Bank, Greenwood , Commercial Loan Officer, Other , Greenwood, Indiana
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