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Title
Text copied to clipboard!Commercial Lending Officer
Description
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We are looking for a dedicated and experienced Commercial Lending Officer to join our dynamic team in the Finance and Accounting sector. In this pivotal role, you will be responsible for evaluating, authorizing, or recommending approval of commercial, real estate, or credit loans. You will advise borrowers on financial status and methods of payments, including mortgage loan rates, terms, and payment plans. This role requires a deep understanding of credit and financial analysis to evaluate the financial condition of individuals and businesses applying for credit. You will work closely with clients to identify their financial needs and lending solutions, manage loan portfolios, and maintain client relationships. The ideal candidate will have a strong background in financial analysis, risk assessment, and excellent customer service skills. Your goal will be to ensure the financial interests of the bank or lending institution while supporting the financial needs of commercial clients. This role demands a high level of professionalism, ethical standards, and the ability to stay updated with the latest industry trends and regulations.
Responsibilities
Text copied to clipboard!- Evaluate creditworthiness and risks of potential clients.
- Analyze financial data and prepare credit proposals.
- Negotiate loan terms and conditions with clients.
- Monitor and manage loan portfolios.
- Ensure compliance with banking laws and regulations.
- Develop and maintain relationships with commercial clients.
- Advise clients on loan management and financial planning.
- Collaborate with team members and other departments.
- Stay informed about market trends and financial products.
- Identify and pursue new lending opportunities.
- Assess and recommend loan restructuring for at-risk clients.
- Prepare reports on loan activities and portfolio performance.
- Participate in community events to promote lending services.
- Implement risk management strategies.
- Provide exceptional customer service.
- Train and mentor junior lending officers.
- Collaborate with legal counsel on loan documentation.
- Manage loan renewal and refinancing processes.
- Conduct site visits and due diligence on potential projects.
Requirements
Text copied to clipboard!- Bachelor's degree in Finance, Economics, or related field.
- Proven experience as a Commercial Lending Officer or similar role.
- Strong understanding of lending procedures and products.
- Excellent analytical and decision-making skills.
- Knowledge of financial software and MS Office.
- Ability to manage complex projects and multi-task.
- Excellent communication and negotiation skills.
- Detail-oriented with strong organizational skills.
- Current knowledge of industry's legal and regulatory requirements.
- Ability to work independently and in a team environment.
- High ethical standards and professionalism.
- Certification in commercial lending is a plus.
- Experience with CRM software.
- Strong sales and customer service orientation.
- Ability to interpret financial statements and conduct risk assessments.
- Flexibility to adapt to changing market conditions.
- Willingness to continue education in finance and lending practices.
Potential interview questions
Text copied to clipboard!- Can you describe your experience with financial analysis and loan underwriting?
- How do you stay updated with changes in banking regulations and market trends?
- Can you provide an example of a challenging loan negotiation and how you handled it?
- How do you manage risk in your loan portfolio?
- What strategies do you use to build and maintain relationships with commercial clients?
- How do you prioritize your tasks and manage your workload?
- Can you explain a complex financial concept in simple terms?
- What do you think is the biggest challenge facing the commercial lending industry today?
- How do you approach ethical dilemmas in your work?
- What software tools are you proficient in that are relevant to commercial lending?