Junior Business Services Loan Officer at TruStar Federal Credit Union.
Job Description
Job Description
Junior Business Services Loan Officer - Job Description
Department:
Commercial
Grade:
10
Reports To:
SVP of Business Services and AIS
Classification:
Exempt
Supervises Direct:
None
Approved By:
KR/KAW
Effective Date:
04/28/2025
Role:
To assist in originating and managing a portfolio of commercial loans, with an overall objective of maintaining and increasing its asset quality while developing new and existing business relationships with the credit union commercial membership.
Essential Functions & Responsibilities:
- Takes applications for commercial loan business. Reviews member financial condition and assesses the member's ability to re-pay the loan. Makes underwriting decisions within approval authority. Completes or directs completion of all loan documents and closes loans.
- Participates in developing lending and deposit business for the Credit Union. Calls on clients to expand existing business; calls on prospects seeking opportunities to expand the Credit Union's client base and assists other Business Services Loan Officers with write ups and closing commercial deals.
- Monitors existing loan portfolio to maintain a high-quality asset base. Maintains up-to-date member files including current balance sheets, profit & loss statements, cash flow projections and all loan documentation.
- Represents the credit union as appropriate in its relationships with members, sponsor organizations(s), suppliers, other financial institutions, and similar groups.
- Work through appropriate approval path to release collateral on existing loans, make changes in loan terms, authorize waivers of payments and changes to due dates, and all other loan changes.
- Assists members with any loan and/or depository related questions and concerns.
- Assists in collection of past due loans.
- Performs other related duties as assigned.
Performance Measurements:
1.
Achieve or exceed budgeted loan volume (dollars and/or numbers) for location and organization wide.
2.
Ensure loan decisions are made and relayed to appropriate parties within a timely manner.
3.
Maintain below policies delinquency rate and/or managing repayment plays.
4.
Ensure loan decisions are in compliance with all applicable Federal, State, and Lending regulations, policies and procedures.
5.
Troubleshoot and resolve member and internal inquiries in a timely and accurate manner. Ensuring clear communication between all respectable parties.
6.
Provide informed, professional, and accurate service and support to all members and associates.
Knowledge and Skills:
Experience
One year to three years of similar or related experience.
Education
(1) A two-year college degree, or (2) completion of a specialized certification or licensing, or (3) completion of specialized training courses conducted by vendors, or (4) job-specific skills acquired through an apprenticeship program.
Interpersonal Skills
Motivating or influencing others is a material part of the job. Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others. The role requires a significant level of trust or diplomacy.
Other Skills
Must have experience in analyzing business financial statements and assessing the viability of businesses; must have excellent communication and PR skills; ability to use related software required.
Physical Requirements
FINGER DEXTERITY: Using primarily just the fingers to make small movements such as typing, picking up small objects, or pinching fingers together.
TALKING: Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.
AVERAGE HEARING: Able to hear average or normal conversations and receive ordinary information.
REPETITIVE MOTION: Movements frequently and regularly required using the wrists, hands, and/or fingers.
AVERAGE VISUAL ABILITIES: Average, ordinary visual acuity necessary to prepare or inspect documents or products, or operate machinery.
PHYSICAL STRENGTH: Sedentary work; sitting most of the time. Exerts up to 10 lbs. of force occasionally.
Work Environment
No hazardous or significantly unpleasant conditions.
This Job Description is not a complete statement of all duties and responsibilities comprising the position.
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