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