Loan Officer Trainee

JOB DESCRIPTION

JOB PURPOSE AND SCOPE :

In a training program that focuses on learning the approval process required to extend and service all loan products offered by the association; works under close supervision.

EDUCATION AND EXPERIENCE REQUIREMENTS :

Bachelor's degree in business administration, Finance, Accounting, Agricultural Economics, or a related field, with Zero (0) to two (2) years of experience.

POSITION SUMMARY :

• Work closely with senior-level loan officers and other staff to gain a sound understanding of credit analysis and business development including loan pricing.
• Utilize preliminary credit analysis under the direction of senior-level staff. Enter loan information and various other information while learning how the system is used and learning how to perform loan analysis.
• Work with one or more assigned appraisers to gain an understanding of the appraisal process.
• Work with management and staff to gain an understanding of the purpose and processes involved in developing credit skills. May assist senior-level staff with credit reviews.
• Work with the loan processing team to gain an understanding of the loan processing function.
• Ensures that all assigned loans are properly risk rated, assigned loss given defaults are correct and performance status assignments are proper.
• Complies with proper credit administration practices as outlined in the association's policies and procedures.

SKILL REQUIREMENTS :

General knowledge of accounting / financial systems. Specialized knowledge of accounting / finance principles. Skill in oral and written communication. Basic skill level in Microsoft Office applications. Ability to perform basic accounting and financial analyses under moderate supervision.