Commercial Lender

What You'll Do:

Essential Functions:

• Development of new commercial loans and expanding existing commercial relationships that are in compliance with LGE policies, procedures, and established goals
• Implement individual and corporate business development strategies to achieve loan growth goals
• Represent the Credit Union in the markets we serve to build awareness, brand image, and cross sales of LGE's product and services
• Obtaining applicant information adequate to determine credit worthiness which will include screening and interviewing, assessing validity of the loan request, and discussing financing options
• Active management of existing borrowers within the commercial portfolio which will include contact with borrowers to obtain required documentation throughout the life of the loan
• Furthering existing commercial relationships and offer additional LGE products and services to develop the members financial well being
• Proactively manage delinquent borrowers to a satisfactory payment status while monitoring existing relationships for indicators of deteriorating financial conditions
• Review loan terms and documentation to ensure completeness and accuracy
• Promote prompt, courteous, and effective communication among members, teammates, management, and business partners
• Assures highest standards of satisfaction through timely resolution of member concerns
• Meets with delinquent borrowers to discuss collection or modification of troubled loans. Seeks to better secure borrower collateral or assets to mitigate organizational loss. Researches reasons for delinquency and evaluates the borrower's ability to repay before pursing collections or other mitigation strategies Restructures loans, negotiates settlements, liquidates real estate or other collateral, and pursues foreclosure or other legal action as needed.
• Review loan documents, loan payments, past dues, loan collateral and inspections, monetary compliance/defaults, covenant(s) compliance, financial statement reporting, pending maturities, forbearance agreements, bankruptcy, and other legal proceedings
• Restructures distressed or underperforming loans with the goal of reducing organizational charge offs
• Ensure compliance with all applicable State and Federal lending laws, NCUA guidelines, and the current SBA SOP
• Maintains knowledge and follows all policies, procedures and processes which have been established in order to meet compliance requirements of all applicable state and federal regulations. The regulations include but are not limited to the Privacy Act, Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA), Reg. CC and Patriot Act.

Who you are:

• Required: 5 years of commercial lending experience
• Required: Knowledge of commercial lending laws and regulations
• Required: Knowledge of Commercial Real Estate, Construction, Commercial &Industrial, and Small Business Administration loans
• Preferred: Bachelor's degree in relevant field
• Knowledge and experience in financial statement analysis
• Excellent written and oral communication skills