17 Sep
Loan Officer
Wyoming, Rawlins 00000 Rawlins USA

Vacancy expired!

Job Title: Loan Officer

Department: LoansReports To: Loan Supervisors: VP Loan DepartmentFLSA Status: ExemptCreated By: Human Resource DepartmentDate: March 2020

Loan Officer JOB DESCRIPTION

I/ General Purpose

Plan, direct, and coordinate lending activities working with the Loan Supervisor(s), other Loan

Officers, President and board members. Evaluate, authorize or recommend approval of Commercial,

Real Estate, and Consumer Loans. Advise borrowers on financial status and methods of payments.

Call, discuss, negotiate and use legal process to collect past due loans. Administer Bank’s Mission

Statement. Use relevant information and individual judgment to determine whether events or processes comply with current laws, regulations, bank policies and credit standards.

II/ Essential Duties/ Responsibilities

  • Consumer, Commercial, and Real Estate loan experience

o Secondary market mortgage experience is a plus

  • Solid understanding of direct/indirect lending products and practices

  • Solid understanding of loan compliance and regulations

  • Regular attendance and prompt punctuality to work

  • Complete the full loan application process o Meet with applicants to obtain information for loan applications and to answer questions about the process.

  • Analyze the credit history of applicants and determine loan repayment capability o Analyze applicants' financial status, credit, and collateral evaluations to determine feasibility of granting loans.

  • Negotiate credit terms, such as costs, loan repayment methods and collateral specifications o Obtain and compile copies of loan applicants' credit histories, corporate financial statements, and other financial information. o Explain to customers the different types of loans and credit options that are available, as well as the terms of those services. o Compute payment schedules. Obtain proper documentation needed for the customer to obtain the loan as well as necessary documentation to secure the loan and perfect the lien for the bank.

  • Approve loans within specified limits, and refer loan applications outside those limits to management for approval.

  • Ensure that lending practices are in accordance with established Bank policies

o Stay abreast of new types of loans and other financial services and products to better meet customers' needs.

  • Produce increasing profitable loan volume, maintain a low delinquency and charge off rate o Negotiate payment arrangements with customers who have delinquent loans. Arrange for maintenance and liquidation of delinquent properties.

  • Develop new customer prospects and business for the financial institution o Analyze potential loan markets and develop referral networks to locate prospects for loans. o Market bank products to individuals and firms, promoting bank services that may meet customers' needs.

  • Other duties as assigned

III / Knowledge, Skills and Ability:

  • 5+ years lending experience preferred

  • Experience in secondary market loans is desired

  • BS degree in finance, economics or related field

  • Graduate of Banking School preferred

  • Excellent oral and written communication skills, customer service is a must

  • Organized, detail oriented.

  • Ability to prioritize tasks

  • Knowledge of Laser Pro and Jack Henry is a plus.

  • Knowledge and understanding of Microsoft Office, Word and Excel along with other general computer skills.

  • Excellent written and oral communication skills.

  • Demonstrated leadership ability, willing to be part of a team and interpersonal skills.

  • Excellent analytical and abstract reasoning skills, plus excellent organization skills

V/ Physical Activities:

While performing the duties of this job, the employee is regularly required to stand, walk, sit, and reach with arms. The employee must occasionally lift and /or move 25-30 pounds.

Please Note: This job description is not intended to be an exhaustive list of all duties, responsibilities, or qualifications associated with the job. Duties, responsibilities or qualifications may change at any time with or without notice.

LOAN OFFICER

POSITION SUMMARY

  • Complete the full loan application process

  • Analyze the credit history of applicants and determine loan repayment capability

  • Negotiate credit terms, such as costs, loan repayment methods and collateral specifications

  • Develop new customer prospects and business for the financial institution

  • Produce increasing profitable loan volume, maintain a low delinquency and charge off rate

  • Ensure that lending practices are in accordance with established Bank policies

  • Other duties as assigned

Job Type: Full-time

Benefits:

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Health insurance
  • Life insurance
  • Paid time off
  • Vision insurance

Schedule:

  • Day shift
  • Monday to Friday

COVID-19 considerations:To keep our staff as safe as possible we've installed clear plastic barriers, and provided mask, gloves and hand sanitizer. We also implemented signs for the safety of our customers and staff.

Experience:

  • lending: 5 years (Preferred)

Education:

  • Bachelor's (Preferred)

Paid Training:

  • Yes

Company's website:

  • https://www.bocrawlins.com/

Company's Facebook page:

  • @BOC.WYO

Benefit Conditions:

  • Waiting period may apply
  • Only full-time employees eligible

Work Remotely:

  • No

Vacancy expired!


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