Lending Officer conducts lending activities for an assigned market or geographic area. Develops a pipeline of customers through referrals, inquiries, and outreach. Being a Lending Officer performs a due diligence review of potential borrowers, including a risk and financial analysis. Structures loan proposals, prepares credit memos, and presents to loan committee for approval. Additionally, Lending Officer may manage a portfolio of existing loans, including reviewing financial reporting, monitoring compliance with loan terms, and handling loan modifications or workouts. Ensures adherence to regulations, bank credit policies, and procedures. Typically requires a bachelor's degree. Typically reports to a manager. The Lending Officer work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Lending Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Commercial Lending Officer
Job Function: Responsible for the development of new business and broadening existing customer base with an emphasis in providing traditional bank credit and depository services. Also responsible to promote and sell other fee based financial services offered by the organization.
Essential Duties and Responsibilities:
Individual responsibilities include calling on existing and prospective customers in effort to retain and develop business for the organization. Structure and price credits in an appropriate fashion that creates value for the customer while adhering to the organization’s underwriting standards, policies, and pricing objectives. Responsible for the performance of individual loan portfolio in all aspects including but not limited to growth and quality. Maintain current knowledge and comply with regulatory and bank standards, policies, and procedures related to depository and lending activities along with other areas of the organization as required by management. For further clarity Individual Credit Duties and Responsibilities are as follows:
Job Qualifications/ Required Skills and Abilities:
Community Leadership:
Represents the bank and provides leadership in key community activities that may include business, charitable, civic and other social organizations to maintain a proper responsible citizen stature for the bank.