About This Role
The Loan Officer is responsible for recruiting new clients across Alaska and the Pacific Northwest, screening them, and guiding them through the due diligence process. This role focuses on rural Alaskan businesses, ANCSA corporations, and viable businesses often considered high-risk by traditional bankers, with a major responsibility for building a corporate reputation for excellent service and fast turnaround times.
Responsibilities
- Market commercial SBA and USDA guaranteed loans
- Inform customers of AGC loan policies and procedures
- Take the lead in marketing the products and services of Alaska Growth Capital in rural Alaska
- Maintain and project the AGC's professional reputation
- Interview, take applications, and process preliminary documentation on loan requests
- Discuss loan alternatives, credit criteria, interest rates, and loan documentation to elicit positive responses from customers
- Ensure that customers' requests and questions are promptly resolved
- Analyze and evaluate loan requests and prepare written submissions for consideration by the Vice President of Lending, President, and AGC Loan Committee
- Complete lending operations in accordance with established AGC’s policies, procedures, and legal requirements
- Identify problems or potential problems with credit information and coordinate with the necessary party to resolve them
- Help with the collection of delinquent accounts, working closely with Credit Administration
- Keep management informed of area activities and any significant problems or concerns
- Review loan reports to identify maturing or matured loans and be proactive in marketing second-round financing opportunities
- Meet with applicants whose loans are denied and explain reasons and alternatives
- Establish and maintain effective and professional business relations with customers and trade professionals
- Conduct property inspections and annual reviews as required
- May indirectly or directly supervise loan personnel and/or lending assistants
- Attend and participate in meetings and committees as required
- Complete required reports and records accurately and promptly
- Complete special projects as assigned
- Attend assigned training sessions and stay current on new procedures and policies
- Stay informed regarding changes in lending standards and related legal requirements
- Build relationships with referral sources such as bank loan officers, brokers, accountants, attorneys, and other business professionals
- Establish strong working partnerships with financial institutions throughout Alaska and market the company and its services
- Build strong links to the Small Business Administration, the USDA Rural Economic Development Corporation loan program, and other economic development finance programs