Commercial Loan Officer

Description

The Commercial Loan Officer will interview business loan applicants, and explain the different loan products and loan enhancement programs available and their requirements. The Commercial Loan Officer will obtain the pertinent financial information necessary to underwrite the request, and conduct a preliminary analysis to determine if the application meets established minimum criteria. Responsible for coordinating with the processors and analysts for further processing and underwriting of the loan request. The Commercial Loan Officer is responsible for providing a written and verbal loan recommendation to the Business Loan Committee. The Commercial Loan Officer is responsible for the overall management of their business loan portfolio, the dollar amount of which increases with the level of experience and responsibility. The Commercial Loan Officer is ultimately responsible for facilitating the applicant's loan request throughout the various stages of the process : interview, inspection, decision, due diligence, and closing. The Commercial Loan Officer is expected to continue to enhance the relationship with the business members throughout the life of the loan, and for cultivating new loan opportunities.

Work Arrangement : This position is able to work hybrid at our Auburn Hills Regional Office with occasional visits to Congress Street / Downtown Detroit. Typically working 1-2 days onsite and the remainder of the week remotely.

Department Hours : Monday - Friday 8 : 30am-5 : 00pm ET. Attending evening / weekend business development events is required.

An offer of employment with MSU Federal Credit Union and affiliates is contingent upon the agreed work arrangement (onsite / hybrid / remote) and work location. MSU Federal Credit Union may or may not be able to accommodate temporary or permanent changes to work arrangements or allow employment outside the city and / or state of residency in which the new hire resides at the time of offered employment.

Compensation & Benefits :

• 100% Company-Paid Health, Dental, Vision, Life, and Long-Term Disability Premiums
• Up to 26 days of PTO within your first year, as well as Volunteer Time Off & 11 Paid Holidays
• 401(k) with a company match
• Tuition Reimbursement
• Up to 12 Weeks of Paid Parental Leave
• Learn more about our benefits here

Essential Duties and Responsibilities -

Commercial Loan Officer I -

Manage a loan portfolio consisting of a diverse base of business members. Grow the portfolio through a Business Development Plan that will include calling on :

Current Members in person and phone conversations of your assigned portfolio based upon member relationship in proportion to the portfolio;

Commercial Loan Officer II -

All of Level I duties and responsibilities

Senior Commercial Loan Officer -

All of Level I and II duties and responsibilities

Job Requirements -

Commercial Loan Officer I :

High School Diploma or equivalent required.

Commercial Loan Officer II :

All of Level I knowledge, skills, and abilities

Senior Commercial Loan Officer :

All of level I and II knowledge, skills, and abilities

Competencies :

Physical Demands and Work Environment :

Disclaimer :

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws.

For further information, please review the Know Your Rights notice from the Department of Labor.