Centennial Bank
Position Title

Commercial Loan Officer I - West Main

Job Title

Commercial Loan Officer I

Job Description

Job Title: Commercial Loan Officer I
Department: Lending
Reports to: Regional Chief Lending Officer, Market or Division President
Availability: 40 Hours per week (with occasional overtime)
Hours: 8:00 a.m. - 5:00 p.m.
FLSA Status: Exempt

SUMMARY: 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.

ESSENTIAL DUTIES AND RESPONSIBILITIES : (Other duties may be assigned.)
1. Administers 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.

2. Assigns 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.

3. Recommends approval and administers workout programs for problem loans.

4. Recommends approval and monitors levels of reserves established for loans serviced by the officer.

5. Administers the collection process either internally or with bank counsel complying with all laws and regulations.

6. Protects depositors’ funds and stockholders’ equity.

7. Generates earnings for the bank and its stockholders.

8. Promotes and maintains a favorable image for the bank.

9. Interviews loan applicants and makes credit decisions.

10. Responsible for developing new business and managing existing portfolio.

11. Responsible for collecting past due loans, keeping credit and collateral exceptions within policy ranges.

12. Manages a portfolio of loans and may coordinate collection efforts.

13. Interviews commercial loan applicants. This duty is performed daily, about 10% of the time.

14. Examines and evaluates applicants credit and financial history. This duty is performed daily, about 10% of the time.

15. Examines/views collateral (if applicable) to determine adequacy. This duty is performed daily, about 10% of the time.

16. Authorizes or recommends approval/denial of applicant. This duty is performed daily, about 10% of the time.

17. Approves loan within specified limits or refers to appropriate approval level. This duty is performed daily, about 5% of the time.

18. Prepares loan offering memorandum. This duty is performed daily, about 10% of the time.

19. Ensures all loan documents are complete, accurate and in accordance with policy. This duty is performed daily, about 5% of the time.

20. Closes/Declines loans in a timely manner. This duty is performed daily, about 5% of the time.

21. Monitors loan portfolio/performance. This duty is performed daily, about 5% of the time.

22. Corresponds with customers. This duty is performed daily, about 10% of the time.

23. Recommends changes in risk rating. This duty is performed daily, about 5% of the time.

24. Collects past due loan payments. This duty is performed weekly, about 5% of the time.

25. Develops potential loan markets and loan prospects. This duty is performed daily, about 5% of the time.

26. Completes required BSA/AML training and other compliance training as assigned. This duty is performed annually, about 5% of the time.

27. Perform any other related duties as required or assigned.

Basic Qualifications

To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

College degree in general business, finance, economics or accounting or equivalent combination of education and experience. Two (2) years lending experience. Two (2) years experience with banking, investment, or economic analysis. Two (2) years experience using Microsoft Word and Excel.

Ability to write reports, business correspondence, and policy/procedure manuals; Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane, algebra, solid geometry and trigonometry.

Ability to solve practical problems and deal with a variety of known variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, or diagram formats.

Under general direction, working from policies and general directives. Rarely refers specific cases to supervisor unless clarification or interpretation of the organization's policy is required.

Considerable responsibility with regard to general assignments in planning time, method, manner, and/or sequence of performance of own work, in addition, the work operations of a group of employees, all performing basically the same type of work.

Performs work operations which permit frequent opportunity for decision-making of minor importance and also frequent opportunity for decision-making of major importance, either of which would affect the work operations of large organizational component and the organization's clientele.

Very close mental demand. Operations requiring very close and continuous attention for control of operations which require a high degree of coordination or immediate response. Operations requiring intermittent direct thinking to determine or select the most applicable way of handling situations regarding the organization's administration and operations; also to determine or select material and equipment where highly variable sequences are involved.

Oversight. Activities covered by expansive policies and objectives, and oversight as to execution and review. High order of analytical, interpretative, and constructive thinking in varied situations covering multiple areas of the organization.

Regular use of complex machines and equipment (desktop/laptop computer and software, road and production machines and equipment, etc.)

Probable errors would not likely be detected until they reached another department, office or patron, and would then require considerable time and effort to correct the situation. Frequently, possibility of error that would affect the organization's prestige and relationship with the public to a limited extent, but where succeeding operations or supervision would normally preclude the possibility of a serious situation arising as a result of the error or decision.

Regular contacts with patrons where the contacts are initiated by the employee. Involves both furnishing and obtaining information and, also, attempting to influence the decisions of those persons contacted. Contacts of considerable importance and of such nature, that failure to exercise proper judgment may
result in important tangible or intangible losses to the organization.

Contacts with other departments or offices and also frequently with individuals in middle level positions; consulting on problems which necessitate judgment and tact in presentation to obtain cooperation or approval of action to be taken. Also, important contacts with associates as required in advanced
supervisory jobs, plus frequent contact with senior level internal officials.

Intermediate: Spreadsheet, Word Processing/Typing

Must have general computer skills. The ability to communicate using oral and written skills. Ability to occasionally travel overnight.

The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.

While performing the functions of this job, the employee is regularly required to sit, talk or hear; frequently required to use hands to finger, handle, or feel; and occasionally required to stand, walk. The employee must occasionally lift and/or move up to 10 pounds.

The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made
to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually quiet.

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