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Lake Hiawatha

    Commercial Loan Officer - Lake Hiawatha, United States - Unity Bank

    Unity Bank
    Unity Bank Lake Hiawatha, United States

    3 weeks ago

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    Description

    Job Description

    Job Description

    POSITION SUMMARY:

    • The Commercial Loan Officer (LO) is responsible for managing and growing profitable commercial lending relationships through active networking and cold calling efforts with local centers of influence such as accountants, attorneys and brokers.

    JOB DUTIES:

    • Responsible for the initial screening and evaluation of potential commercial loan transactions, including site visits;
    • Evaluate and structure loan requests balancing Unity's credit philosophy with the applicant's requests;
    • Prepare and submit to the credit department, an initial draft of the loan proposal, including collateral, cash flow and guarantor analysis, along with all other required documents;
    • Responsible for accuracy of all content in the loan proposal;
    • Present loan proposal to senior management and or executive loan committee;
    • Assist the credit and closing departments in obtaining required documentation to facilitate timely closings;
    • Cross-sell other Unity Bank products and business partner services;
    • Monitor and report assigned loan portfolio activity to senior management as required by Unity Bank policy and procedures;
    • Responsible for ongoing monitoring of financial performance including renewals and any necessary memos;
    • Complete other reporting requirements as directed by senior management;
    • Assist other areas (ex. Collections, Retail) of Unity Bank regarding assigned loan portfolio as directed by senior management.

    JOB SPECIFICATIONS:

    • Knowledge of commercial lending parameters is essential
    • Must be self-motivated and able to work independently
    • Must be able to demonstrate proven track record of successful loan commercial loan origination's
    • Must be able to cross-sell banking products
    • Must be willing and able to travel locally
    • Must be willing to work extended hours as necessary to attend evening business functions

    ACCOUNTABILITIES:

    • Senior Commercial Lender
    • Credit Manager
    • Chief Lending Officer and Senior Loan Committee

    Length of time and Type of Previous Education/Experience Required:

    • College degree, preferred
    • Formal bank credit training, preferred
    • Must have a minimum of five (5) years commercial lending experience.

    Financial Responsibilities:

    • A Commercial Loan Officer's performance is assessed from the volume of new commercial loans originated, new retail accounts, and number and/or type of referrals made to Unity Bank business partners.
    • Individual requirements are negotiated with hire.

    Required Manual Skills:

    • PC proficient
    • Working knowledge of software including Word, Excel, FISERV (a plus)
    • Other office machines (i.e. fax, copier, printer)


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