Commercial Loan Workout Officer restructures problem loans for commercial clients. Negotiates with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Being a Commercial Loan Workout Officer works with small to moderate size loans of little complexity. Typically requires a bachelor's degree. Additionally, Commercial Loan Workout Officer typically reports to a supervisor or manager. The Commercial Loan Workout Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Commercial Loan Workout Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Overview:
We are seeking a motivated Commercial/AG Loan Officer to join our team. The ideal candidate will manage and grow an assigned portfolio of loans that meet profitability and credit quality targets, while maintaining a high level of credit administration.
Responsibilities:
- Evaluate credit worthiness by processing loan applications and documentation within specified limits
-Marketing and Community Engagement
- Interview applicants to determine financial eligibility and feasibility of granting loans
- Complete loan contracts and counsel clients on policies and restrictions
- Gather information to assess the likelihood of repayment
- Ensure compliance with Association policies and regulatory requirements
- Stay informed about market trends, changes in regulations, and new products
Requirements:
-General knowledge and understanding of agricultural business
-Minimum of 5 years of lending experience
- General knowledge of basic financial terms, concepts and formulas
- Working Knowledge of loan origination procedures
- General knowledge of marketing principles and practices
- Excellent communication and interpersonal skills
-Attention to detail and ability to manage multiple tasks efficiently
- Skill in reading and understanding income statements, balance sheets and other financial reports
Join our team to grow your career and enhance rural life!
Job Type: Full-time
Pay: $95,000.00 - $125,000.00 per year
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Work Location: In person