What are the responsibilities and job description for the Commercial Loan Officer position at Sunrise?
POSITION SUMMARY
Service and maintain a portfolio of a variety of commercial loan accounts. Interview, assess and analyze prospective loan clients and their financial position. Establish new business loans and deposit prospects through sales calls, networking and referral base. Grant new loans according to bank guidelines and loan policy.
ESSENTIAL FUNCTIONS
- Collects and analyzes financial and related data in order to determine the credit worthiness of the borrower within the parameters of the bank’s loan policies. Establishes and negotiates the terms under which credit will be granted to comply with loan underwriting guidelines.
- Solicits business from new & existing customers; actively seeks out, identifies and solicits commercial loan business consistent with the bank’s objectives to increase the commercial loan portfolio.
- Ensures proper loan documentation is executed to provide the bank with a valid promissory note and security interest in collateral.
- Grows deposit customer numbers.
- Provides top level customer service.
- Manages individual loan portfolio including collections and restructuring of problem loans.
- Reviews existing loan portfolio for documentation exceptions and periodic financial statements.
- Refer clients and prospects to “non-bank” investment, insurance and mortgage related services.
- Performs other responsibilities and special projects as assigned.
COMPETENCIES
- Sunrise Core Values
- Individual Contributor Competencies
- Manager Competencies
- Area Expertise
- Change Champion
- Influencing Skills
- Strategic Thought
- Conflict Resolution
EDUCATION & EXPERIENCE
- College degree in business related field required.
- Previous financial industry experience required.
- Strong sales skill set.
- Previous credit experience beneficial.
- Comprehensive skill set in the use of the following software applications: Microsoft Excel, Word, and Outlook.
- Dale Carnegie sales training beneficial.
- C&I lending experience preferred.
- SBA Experience preferred.
- Commercial loan experience required, as follows:
- BLO 2 = Five (5) years.
- SR BLO = Ten (10) yrs.
This Position Summary reflects management’s assignment of major responsibilities, which represent the majority of essential functions. It is not to be construed as an exhaustive statement of duties, responsibilities or requirements. They may be subject to change at any time due to reasonable accommodation or other reasons
