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Title
Text copied to clipboard!Commercial Loan Officer
Description
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We are looking for a Commercial Loan Officer to join our dynamic financial institution. As a Commercial Loan Officer, you will play a crucial role in the growth and success of our business clients by evaluating, authorizing, or recommending approval of commercial loan applications. You will work closely with business owners, executives, and other stakeholders to understand their financial needs and provide tailored lending solutions. Your responsibilities will include analyzing financial statements, assessing creditworthiness, structuring loan terms, and ensuring compliance with regulatory requirements. You will also be responsible for managing a portfolio of commercial loans, monitoring loan performance, and proactively identifying opportunities for cross-selling additional financial products and services. The ideal candidate will possess strong analytical skills, excellent communication abilities, and a deep understanding of commercial lending practices. You should be comfortable working in a fast-paced environment, meeting sales targets, and building long-term relationships with clients. A background in finance, accounting, or business administration is preferred, along with experience in commercial lending or banking. If you are a motivated professional with a passion for helping businesses succeed, we encourage you to apply for this rewarding opportunity.
Responsibilities
Text copied to clipboard!- Evaluate and process commercial loan applications
- Analyze financial statements and credit reports
- Structure loan terms and negotiate agreements
- Ensure compliance with lending policies and regulations
- Manage and monitor a portfolio of commercial loans
- Develop and maintain relationships with business clients
- Identify and pursue new lending opportunities
- Prepare loan documentation and reports
- Collaborate with internal teams to support client needs
- Monitor loan performance and mitigate risks
Requirements
Text copied to clipboard!- Bachelor’s degree in finance, accounting, business, or related field
- Proven experience in commercial lending or banking
- Strong analytical and financial analysis skills
- Excellent communication and negotiation abilities
- Knowledge of lending regulations and compliance
- Ability to manage multiple tasks and meet deadlines
- Proficiency in loan processing software and MS Office
- Attention to detail and strong organizational skills
- Customer-focused mindset
- Ability to work independently and as part of a team
Potential interview questions
Text copied to clipboard!- What experience do you have with commercial loan underwriting?
- How do you assess the creditworthiness of a business?
- Describe a time you managed a challenging loan portfolio.
- How do you ensure compliance with lending regulations?
- What strategies do you use to build client relationships?
- How do you handle loan defaults or delinquencies?
- What financial analysis tools are you proficient in?
- Describe your experience with loan documentation and reporting.
- How do you stay updated on industry trends and regulations?
- What motivates you to work in commercial lending?
