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Title
Text copied to clipboard!Commercial Loan Officer
Description
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We are looking for a dedicated and experienced Commercial Loan Officer to join our financial institution. In this 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 and terms. Your goal will be to help businesses obtain the financing they need to grow, while also ensuring that our institution is making sound financial decisions. This position requires a deep understanding of credit analysis, risk management, and the ability to build strong relationships with clients. You will work closely with businesses to understand their financial needs and offer solutions that meet those needs while adhering to regulatory and institutional guidelines. The ideal candidate will have a strong background in finance, excellent communication skills, and a proven track record of successfully managing loan portfolios. You will need to stay up-to-date with the latest financial products and compliance regulations. This role is critical in helping our institution grow its commercial lending portfolio while maintaining a low level of financial risk.
Responsibilities
Text copied to clipboard!- Evaluate creditworthiness and eligibility for potential borrowers.
- Analyze financial statements and assess business plans.
- Negotiate loan terms and conditions with clients.
- Monitor and manage existing loan portfolios.
- Identify and mitigate potential risks associated with loan applications.
- Ensure compliance with regulatory standards and institutional policies.
- Develop and maintain relationships with clients.
- Collaborate with team members and other departments to facilitate the lending process.
- Stay informed about market trends and financial products.
- Provide financial advice and guidance to clients.
- Prepare and present loan proposals to the loan committee.
- Follow up with clients to manage loan renewals or modifications.
- Assist in the collection of overdue loans.
- Participate in networking events to attract new clients.
- Educate clients on loan options and financial management strategies.
- Manage loan application process from initiation to closure.
- Conduct site visits and due diligence as required.
- Prepare reports on loan activities and portfolio performance.
Requirements
Text copied to clipboard!- Bachelor's degree in finance, economics, or a related field.
- Proven experience as a Commercial Loan Officer or similar role.
- Strong understanding of commercial lending products and banking regulations.
- Excellent analytical and decision-making skills.
- Ability to interpret financial statements and conduct risk assessments.
- Strong negotiation and relationship-building skills.
- Detail-oriented with the ability to manage multiple projects simultaneously.
- Excellent communication and presentation skills.
- Proficiency in financial analysis software and MS Office.
- Knowledge of local, state, and federal loan regulations.
- Ability to work independently and as part of a team.
- Certification in commercial lending or related field is a plus.
- Willingness to continue education in finance and lending practices.
- Experience with CRM software.
- Understanding of market trends and business environments.
- High ethical standards and professionalism.
- Flexibility to adapt to changing priorities and client needs.
- Strong problem-solving skills.
Potential interview questions
Text copied to clipboard!- Can you describe your experience with financial analysis and risk assessment?
- How do you stay current with changes in banking regulations and market trends?
- Can you provide an example of a challenging loan application you managed and how you handled it?
- How do you approach building relationships with new clients?
- What strategies do you use to manage and monitor a loan portfolio?
- How do you handle loan applications that do not meet our standard criteria?
- Can you explain a time when you had to negotiate loan terms? What was the outcome?
- How do you prioritize tasks when managing multiple loan applications?
- What do you think is the most challenging aspect of commercial lending?
- How do you ensure compliance with regulatory standards in your work?