This job was posted by https://www.arjoblink.arkansas.gov : For more
information, please see: https://www.arjoblink.arkansas.gov/jobs/4197122
The Commercial Loan Officer I is responsible for extending credit within
the policies and guidelines set forth in the loan policy. Responsible
for ensuring that all loan decisions, actions and recommendations are
based on an accurate and thorough understanding of each customer\'s
financial needs and conditions and comply with all laws, regulations and
bank policy. Must properly administer the credit worthiness and
documentation of all loans and/or borrowing relationships originated or
assigned to the officer. Further, it is the officer\'s responsibility to
maintain current credit files and proper note and collateral security
documents.\
In addition, each officer shall be responsible for:
A. Assigning the proper credit rating to loans as defined in this policy
at origination and as conditions may change with the normal credit
monitoring process. It is expected that officers should be the first to
recognize and report deterioration in the credit quality of a loan or
borrowing relationship. Early identification of problem loans is
extremely important to minimizing losses.
B. Recommending approval and administer workout programs for problem
loans.
C. Recommending approval and monitor levels of reserves established for
loans serviced by the officer.
D. Administering the collection process either internally or with bank
counsel complying with all laws and regulations.
E. Protecting depositors\' funds and stockholders\' equity.
F. Generating earnings for the bank and its stockholders.
G. Promoting and maintain a favorable image for the bank.
H. Interviewing loan applicants and makes credit decisions.
I. Responsible for developing new business and managing existing
portfolio.
J. Responsible for collecting past due loans, keeping credit and
collateral exceptions within policy ranges.
K. Manages a portfolio of loans and may coordinate collection efforts.
ESSENTIAL DUTIES AND RESPONSIBILITIES
1. Interviews commercial loan applicants. This duty is performed daily,
about 10% of the time.\
2. Examines and evaluates applicants credit and financial history. This
duty is performed daily, about 10% of the time.\
3. Examines/Views collateral (if applicable) to determine adequacy. This
duty is performed daily, about 10% of the time.\
4. Authorizes or recommends approval/denial of applicant. This duty is
performed daily, about 10% of the time.\
5. Approves loan within specified limits or refers to appropriate
approval level. This duty is performed daily, about 5% of the time.\
6. Prepares loan offering memorandum. This duty is performed daily,
about 10% of the time.\
7. Ensures all loan documents are complete, accurate and in accordance
with policy. This duty is performed daily, about 5% of the time.\
8. Closes/Declines loans in a timely manner. This duty is performed
daily, about 5% of the time.\
9. Monitors loan portfolio/performance. This duty is performed daily,
about 5% of the time.\
10. Corresponds with customers. This duty is performed daily, about 10%
of the time.\
11. Recommends changes in risk rating. This duty is performed daily,
about 5% of the time.\
12. Collects past due loan payments. This duty is performed weekly,
about 5% of the time.\
13. Develops potential loan markets and loan prospects. This duty is
performed daily, about 5% of the time.\
14. Completes required BSA/AML training and other compliance training as
assigned. This duty is performed annually, about 5% of the time.\
15. The ability to work in a constant state of alertness and in a safe
manner.\
16. 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 represen ative 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 5 years related experience and/or training, and 19 to 23 months
related management experience, or equivalent combination of education
and experience.
ADDITIONAL INFORMATION
College degree in general business, finance, economics or accounting.\
Five (5) years lending experience.\
Five (5) years experience with banking, investment, or economic
analysis.\
Two (2) years experience using Microsoft Word and Excel.\
Must have general computer skills.\
The ability to communicate using oral and written skills.
The position may require the use of a vehicle to service customers,
administer or participate in civic events, commute to company-owned
properties, commute to company-related places of business, or any other
purpose considered necessary to the job. Therefore, this position is
classified as a safety sensitive position.