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Commercial Loan Officer

Company: Summit Bank
Location: Oakland
Posted on: June 6, 2021

Job Description:

Commercial Loan Officer

Position Reports to: Chief Credit Officer

Essential Duties and Responsibilities:

  • Develop a thorough working knowledge/proficiency in all facets of commercial underwriting including working closely with senior loan officers
  • Interacts with and actively supports the senior lending specialists in a collaborative manner regarding new loans and renewals including initial analysis, underwriting, writing credit memo, and facilitating the loan documentation process as needed
  • Meets with prospective business and professional customers alone or with other staff members to establish full deposit and loan account relationships
  • Assumes the role of the customer's primary bank contact and assists in managing the new or existing customer's total relationship with the bank as assigned
  • Sends letters 90 days in advance of all maturing loans; follows up regularly
  • Establishes meetings with customers to deliver signature cards and/or loan documents for signing
  • Monitors loan repayment of assigned customers and takes the necessary actions to collect on past-due accounts
  • Analyzes customer request to determine if it is an expectable risk; if determined to be a risk, prepares required documentation and presents it to the Chief Credit Officer , Board of Directors or Loan Committee for approval
  • Responsible for the loan documentation once loan is approved and interacts with the Note Department to ensure timely receipt of loan payments, new loan documents, renewal documents, insurance information
  • Performs Financial Statement, Tax Return and Other Quarterly reporting tracking and follow-up
  • Completes annual reviews of Term Loan facilities as assigned
  • Completes RDS and ACH Cash Management annual reviews as assigned
  • Performs other duties as assigned

Education and Experience:

Bachelor's Degree in Business or related field, preferred.

Minimum of three to five years of experience as a lender or loan officer in a community bank.

Computer Skills: To perform this job successfully, an individual must be competent in the use of Microsoft Office, especially Word and Excel, and be comfortable with learning various banking software.

Compensation and Benefits:

  • Healthcare with dental and vision coverage for employees and their dependents
  • 401k matching contribution
  • Life insurance
  • Generous vacation
  • Phantom Stock Option program

Summit Bank is an equal opportunity employer, and does not discriminate on the basis of race, culture, age, disability, gender or sexual orientation.

Keywords: Summit Bank, Oakland , Commercial Loan Officer, Other , Oakland, California

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