Construction Loan Officer sources and structures construction loans. Performs a due diligence review of potential borrowers, including risk and financial analysis. Being a Construction Loan Officer analyzes applicants' credit and financial status and obtains property appraisals to determine the feasibility of granting loans. Develops relationships with builders and developers to obtain referrals and future lending opportunities. Additionally, Construction Loan Officer structures construction loan terms and conditions according to policies. Approves loans within authorized limits or refers them to a loan committee for approval. May disburse loan proceeds at designated project mile. Requires a bachelor's degree. Typically reports to a manager. The Construction Loan Officer occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Construction Loan Officer typically requires 2 -4 years of related experience. (Copyright 2024 Salary.com)
At Northrim Bank, our vision is to be Alaska’s premier bank and employer of choice. We are looking for professional and knowledgeable employees who take pride in their work. We believe in providing value for our customers and communities.
Employee Benefits:
Some Other Favorite Employee Benefits Include
Paid Parental Leave, Education Assistance, Employee Assistance Program, Employee Wellness Program and much more!
Pay is depending on experience. Minimum is $66,250.00/annually, $2,548.07/bi-weeklyPosition Summary
The Loan Officer manages a loan portfolio in the areas of commercial real estate loans with the overall objective of developing customer relationship, and maintaining and improving its asset quality. This position actively calls on new and prospective bank loan clients and makes referrals to other areas of the business. Main duties include business development, loan interviews, cash flow and credit analysis, preparation of loan requests for approval. The Loan Officer also monitors performance of loans and borrowers’ ability to repay, collects delinquencies and restructures loans as necessary.
The Loan Officer participates in CRA activities within the lending area, completes research, projects, reports and/or tasks in supporting the Lending Division.
The following duties are intended to provide a representative summary of the major duties and responsibilities and ARE NOT intended to serve as a comprehensive list of all duties performed by all employees in this classification. Incumbent(s) may not be required to perform all duties listed and may be required to perform additional duties.
Essential Duties and Responsibilities
Qualifications
Education
Experience
Knowledge & Communication Skills
Analytical & Decision Making Skills
Computer/Software/Other Equipment Skills
Working Conditions
Full Time, Exempt
Northrim Bank is an equal opportunity and affirmative action employer. Northrim Bank does not discriminate in employment based upon race, color, religion, sex, sexual orientation, gender identity, age, national origin, physical or mental disability, protected veteran status, pregnancy, parenthood, marital status, changes in marital status, genetic information or any other status protected by federal, state or local law.