Commercial Loan Officer

Madison, Wisconsin

23 days ago

Job Description

Job Title: Commercial Loan Officer Status: Exempt

Reports to: Chief Commercial Loan Officer

Summary: Interviews commercial loan applicants and makes credit decisions within established guidelines. Processes loan applications, prepares appropriate documentation, maintains customer relationships, manages a portfolio of commercial loans and may coordinate some collection efforts.

Essential Duties

Interview loan applicants and complete loan applications
Provide financial counseling to applicants
Underwrite commercial credit applicants (direct, indirect and revolving)
- obtain and review credit history (bureaus)
- perform comprehensive tax return analysis
- verify information
- perfect liens
- collateral analysis and applied values
- loan policy exceptions to be addressed
- determine capacity of borrowers

Make sound and justifiable credit decisions
Prepare counter offers and loan denials
Prepare and present applicable loans to the monthly directors’ loan committee
Prepare proper documents for loan closing
Close and fund loans
Follow-up procedures such as lien perfections, collateral inspections
Jointly review and concur commercial loans along with the responsible loan officer on all commercial loans $100,000 to $250,000
100% responsible for all commercial loans in excess of $250,000
Assist the senior loan officer and review larger aggregate borrowers on an informal basis
Follows all employment policies and procedures

Non-essential Duties

Other duties as assigned by management

Member of the Directors Loan Committee

Knowledge, Skills, and Abilities:

Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals.
Ability to write professional reports and correspondence.
Ability to speak effectively before groups.
Ability to calculate figures and amounts such as discounts, interest, and percentages.
Ability to apply concepts of basic algebra and geometry.
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.
Ability to deal with problems involving several concrete variables in standardized situations.

Training and Experience:

Bachelor’s Degree (B.A.) from a four-year college or university; and
Five to seven years related experience and/or training; or
Equivalent combination of education and experience.

Conditions of Employment:

Must travel as required.
Must pass background check.
Limited creditors insurance license

NOTE: Friendship State Bank reserves the right to modify, interpret, or apply this job description, as it desires. This job description in no way implies that these are the only duties, including essential duties, to be performed by the employee occupying this position. This job description is not an employment contract, implied or otherwise. The employment relationship remains “at-will”. The aforementioned job requirements may be changed to fulfill any obligation(s) to reasonably accommodate qualified individuals with disabilities.

Friendship State Bank

Summary of Physical, Sensory, and

Environmental Requirements

Needed to Perform Essential Job Duties

Job Title: Commercial Loan Officer

Physical Requirements
1. Lifting: Up to 20 pounds
2. Carrying: Up to 20 pounds
3. Pushing/Pulling: Up to 20 pounds
4. Use of Equipment: Computers, telephones, calculators, office equipment
5. Sitting: Frequently
6. Standing: Frequently
7. Walking: Frequently
8. Bending: Occasionally
9. Stooping: Rarely
10. Crawling: Rarely
11. Climbing: Rarely
12. Reaching Above Head: Occasionally
13. Grasping:
  1. One Hand: Frequently
  2. Both Hands: Occasionally
14. Fine Manipulating
  1. One Hand: Rarely
  2. Two Hands: Rarely
Environmental Requirements
1. Exposed to Marked Changes in Temperature: Not at all
2. Outside Work: Not at all
3. Exposure to dust, fumes, odors, water, etc.: Not at all
4. Exposure to biological, mechanical, electrical, and/or chemical hazards: Not at all
5. Normal (Inside) Environment: Continuously
Sensory Requirements
1. Eyesight
  1. Normal/Corrected: Necessary continuously
  2. Close Eye Work: Necessary frequently
  3. Other: Necessary occasionally
2. Hearing
  1. Normal Tones: Necessary continuously
  2. Soft Tones: Necessary occasionally
  3. Other: Necessary occasionally
3. Distinguish smells: Not necessary
4. Distinguish temperatures by:
  1. Touch: Not necessary
  2. Proximity: Not necessary