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Title
Text copied to clipboard!Small Business Lender
Description
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We are looking for a dedicated and experienced Small Business Lender to join our team. The successful candidate will be responsible for providing financial advice, promoting banking products, and attracting new customers. You will work closely with small businesses to understand their financial needs and suggest appropriate financial solutions. This includes loans, lines of credit, and other banking services. You will also be responsible for maintaining and managing a portfolio of existing small business customers, ensuring their financial needs are met and relationships are maintained. The ideal candidate will have a strong understanding of small business operations, excellent communication skills, and a passion for helping small businesses succeed.
Responsibilities
Text copied to clipboard!- Evaluate credit worthiness by processing loan applications and documentation within specified limits
- Interview applicants to determine financial eligibility and feasibility of granting loans
- Determine all applicable ratios and metrics and set up debt payment plans
- Communicate with clients either to request or to provide information
- Justify decisions (approvals/rejections) and report on them
- Complete loan contracts and counsel clients on policies and restrictions
- Update job knowledge on types of loans and other financial services
- Maintain and update account records
- Assess customer needs, explore all options and introduce different types of loans
- Develop referral networks, suggest alternate channels and cross-sell products and services to accomplish quotas
Requirements
Text copied to clipboard!- Proven working experience as a Loan Officer
- Solid understanding of direct/indirect lending products and practices
- Familiarity with computers and banking applications/software
- Excellent communication and interpersonal skills
- Customer satisfaction orientation
- Ability to work in a goal oriented environment
- BS degree in finance, economics or a related field
- Ability to handle confidential and sensitive information
- Strong analytical skills
- Knowledge of local, state, and federal loan regulations
Potential interview questions
Text copied to clipboard!- How do you assess the creditworthiness of a small business?
- Can you describe a time when you had to reject a loan application? How did you handle it?
- How do you maintain relationships with existing customers while attracting new ones?
- What strategies do you use to promote banking products and services?
- How do you handle confidential and sensitive information?