Credit Risk Officer provides analysis and evaluation in order to reduce credit risk for a financial institution. Extracts data from a variety of sources and uses data to build simple to moderately complex financial models that predict risk exposure. Being a Credit Risk Officer prepares performance reports for management. Requires a bachelor's degree. Additionally, Credit Risk Officer typically reports to a supervisor or manager. The Credit Risk Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Credit Risk Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Why join Straits Area Federal Credit Union?
Here at SAFCU, we take pride in giving our members the best experience and service available. In order to achieve our goal, we understand that it starts with our employees. For this reason, we have created an atmosphere that allows each employee to reach their highest potential and set them up for success in the future.
Purpose of a loan officer
Effectively establish relationships with members, identify their needs and wants, then offer appropriate solutions in a way that exhibits value along with the risks and benefits
Duties of a loan officer
Processes loan and/or visa applications by evaluating applicant information and documentation either in person or electronically.
Consult with members about their lending needs to help them achieve their goal while analyzing their credit worthiness.
Evaluate loan applications and documentation and requests any other documentation that may be needed in making a solid loan decision.
Prepare notes regarding the loan application and submit timely and accurate loan applications to the underwriter(s) for review.
Collect closing information that is needed for the closer to be able to close the loan in a timely manner.
Help customers by answering questions and responding to requests.
Maintain member confidence by keeping loan information confidential.
Loan Officer Qualifications & Skills
Negotiation skills
Willingness to ask difficult questions
Working under pressure
Multitasking many applications at one time
Strong computer skills
Willingness to learn new programs
Excellent written and verbal communication skills
Credit Life and Credit Disability Insurance as well as Financial Counseling. These are not required to have before hiring and will be provided to you through the Credit Union.
Benefits of working at Straits Area Federal Credit Union
• Competitive pay with opportunities for annual raises, promotions, and bonuses
• Substantial 401k contributions
• Free individual health insurance
• Promote from within whenever possible
• We value making an impact in the community with involvement in many different events/organizations
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0 Credit Risk Officer jobs found in Saginaw, MI area