Loan Officer I

Loan Officer I

The Loan Officer I interviews loan applicants and makes credit decisions. This position processes loan applicants and prepares appropriate loan documentation. The Loan Officer I manages a portfolio of loans and may coordinate collection efforts.

Essential Duties and Responsibilities :

• Interviews loan applicants.
• Examines and evaluates applicant's credit and financial history.
• Examines / Views collateral (if applicable) to determine adequacy.
• Authorizes or recommends approval / denial of applicant.
• Approves loan within specified limits or refers to appropriate approval level.
• Prepares loan offering memorandum.
• Ensures all loan documents are complete, accurate, and in accordance with policy.
• Closes / Declines loans in a timely manner.
• Monitors loan portfolio / performance.
• Corresponds with customers.
• Recommends changes in risk rating.
• Collects past due loan payments.
• Develops potential loan markets and loan prospects.
• Completes required BSA / AML training and other compliance training as assigned.
• Perform any other related duties as required or assigned.

Qualifications :

To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required.

Education and Experience :

Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four year college degree, plus 3 years related experience and / or training, and 19 to 23 months related management experience, or equivalent combination of education and experience.

Communication Skills :

Ability to read, analyze, and understand common scientific and technical journals, financial reports, and legal documents; Ability to respond to complex or difficult inquiries or complaints from customers, regulatory agencies, or members of the business community.

Mathematical Skills :

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane, algebra, solid geometry and trigonometry.

Critical Thinking Skills :

Ability to solve practical problems and deal with a variety of known variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, or diagram formats.

Software Skills Required :

Intermediate : Accounting, Presentation / PowerPoint, Spreadsheet, Word Processing / Typing

Working Conditions :

Somewhat disagreeable working conditions. Continuously exposed to one or two elements such as noise, intermittent standing, walking; and occasional pushing, carrying, or lifting.

Environmental Conditions :

The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

Physical Activities :

The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.

Moderate diversity, low physical. Work activities which allow for a moderate amount of diversity in the performance of tasks which are not as varied as those positions with high-level diversity and decision-making. While performing the functions of this job, the employee is regularly required to use hands to finger, handle, or feel, talk or hear; frequently required to sit, reach with hands and arms; and occasionally required to stand, walk. Specific vision abilities required by this job include close vision.

Additional Information :

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.