Commercial Loan Officer

Company: Dirigo Federal Credit Union
Location: Lewiston
Posted on: November 20, 2023

Job Description:

Dirigo Federal Credit Union is a profitable and fast-growing community credit union headquartered in Lewiston, Maine. We currently have an exciting opportunity for a Commercial Loan Officer in our Lewiston Office. We are seeking a dynamic, self-motivated, career-minded professional with the vision, passion, and ability for exceeding the expectations of our member-owners. As a member of Dirigo's Lending Team the Commercial Loan Officer will, originate, manage, and supervise the Credit Union's portfolio of commercial loans, with the overall objective of maintaining and increasing its asset quality; to develop new and existing business loan and deposit relationships and to help profitably grow the Credit Union.ESSENTIAL DUTIES AND RESPONSIBILITIES: Takes applications for commercial loan business. Review's member financial condition and assesses the member's ability to re-pay the loan. Makes underwriting decisions within approval authority, or in conjunction with third party(ies). Completes or directs completion of all loan documents and closes loans.Leads development of new commercial lending and deposit business for the Credit Union. Calls on member clients to expand existing business; calls on prospects seeking opportunities to expand the Credit Union's member base.Monitors existing loan portfolio to maintain a high-quality asset base. Maintains up-to-date member files including current balance sheets, profit AND loss statements, cash flow projections and all loan documentation in partnership with third-party servicer (e.g., Annual Review Process).Assists in collection of past due loans.Assists members with any loan and deposit related concerns.Performs other job-related duties as assigned.NON-ESSENTIAL DUTIES AND RESPONSIBILITIES:Perform other duties as assigned. PERFORMACE MEASURMENTS:Achieve or exceed assigned loan volume ($4,000,000). Ensure loan decisions are made and relayed to appropriate parties within 2 business days or less.Maintain a 30-day delinquency rate at or below 1.5% of loan portfolio.Maintain a charge-off rate of no more than .50% of loan portfolio.Ensure loan decisions are in compliance with all applicable Federal, State, and Lending regulations, policies and procedures.Troubleshoot and resolve member and internal inquiries in a timely and accurate manner.Provide prompt, informed, professional, and accurate service and support to all members and associates.Expand formal education and certifications specific to commercial lending.QUALIFICATIONS NEEDED FOR POSITION:Experience and Skill Requirements: The following experience and skills are considered essential:2 to 5 years of similar or related experience.Strong member service skills.Knowledge of sales and relationship building skills.Knowledge and awareness of all credit union products and services.Demonstrated ability to work as part of a team.Knowledge of Microsoft products and Loan software.Accountability - Ability to accept responsibility and account for his/her actions.Interpersonal Skills - Work involves contact with persons beyond immediate associates regarding routine matters for the purpose of giving or obtaining information which may require some discussion. Outside contacts take the form of service to the public (members or vendors), requiring ordinary courtesy in providing assistance and information.Decision Making - Ability to make critical decisions while following Credit Union procedures.Education Requirements: The following education/experience requirements are considered essential:Bachelor's degree; orSufficient related banking/financial service experience; orAssociates or professional certifications and 3 years mortgage lending experience. WHAT WE OFFER:Competitive compensation, based on experience, plus a generous benefits package.401(k) with matching program.Health Insurance with employer provided HSA contributions.Life Insurance.Dental InsuranceVision InsuranceST/LT Disability Insurance.Paid Time Off.Paid Holidays.Tuition ReimbursementPI0ab5db6a5b76-25660-33077467

Keywords: Dirigo Federal Credit Union, New England , Commercial Loan Officer, Other , Lewiston, Northeast