About This Role
The Loan Officer recommends or approves loans within a specific delegated authority in an assigned territory. This role involves developing and managing loan portfolios, including originating loans in the association's trade area, and requires some latitude for decision-making under moderate supervision.
Responsibilities
- Develop and market new business within the service area
- Assist prospective and current borrowers with credit needs and in formulating solutions to credit-related issues
- Make and service leases, loans for operating equipment and real estate, and offer other related services such as cash management products and crop insurances within delegated authority and in accordance with association policies
- Make and/or convey decisions on loan approval, structure, and pricing
- Exercise credit risk management responsibilities on loans within the area of responsibility
- Conduct simple to moderately complex credit analyses
- Analyze balance sheets, income statements, and cash flows of potential borrowers to ascertain creditworthiness
- Maintain current, adequate, and verified financial information on borrowers and guarantors as required by association policy
- Perform loan servicing tasks, which may include partial releases, subordinations to mineral leases and right of ways, division orders, reamortizations, assumptions, severance agreements, insurance claims, additional advances, extensions, and conversions
- Ensure that all assigned loans are properly risk rated, assigned loss given defaults are correct, and performance status assignments are proper
- Comply with proper credit administration practices as outlined in the association
- Perform collections on assigned loans and assist senior-level staff and management with collections on all loans in the portfolio
- Work with delinquent borrowers to obtain satisfactory loan performance
- Assure that adequate insurance coverage is maintained as required by loan conditions and monitor ad valorem taxes to ensure that such taxes are paid on the security
- Assist with the title examination process on prospective loans to ensure validity of liens on property pledged as collateral or security interest on chattels
- Prepare loan closing packages and facilitate the loan closing process as required in accordance with all applicable association and FCA policies and regulations
- Perform appraisals, inspections, and/or collateral evaluations in compliance with district and Association standards and procedures
- Assist with or attend public relations functions for the Association
Requirements
- Bachelor
- Two or more years of experience as a loan officer or loan officer trainee
