Loan Officer I

GENERAL DESCRIPTION OF POSITION

The Loan Officer I interviews loan applicants and makes credit decisions. This position processes loan applicants and prepares appropriate loan documentation. The Loan Officer I manages a portfolio of loans and may coordinate collection efforts.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Interviews loan applicants. This duty is performed daily about 10% of the time.
2. Examines and evaluates applicants credit and financial history. This duty is performed daily about 10% of the time.
3. Examines/Views collateral (if applicable) to determine adequacy. This duty is performed monthly about 5% of the time.
4. Authorizes or recommends approval/denial of applicant. This duty is performed weekly about 10% of the time.
5. Approves loan within specified limits or refers to appropriate approval level. This duty is performed weekly about 5% of the time.
6. Prepares loan offering memorandum. This duty is performed weekly about 10% of the time.
7. Ensures all loan documents are complete accurate and in accordance with policy. This duty is performed daily about 10% of the time.
8. Closes/Declines loans in a timely manner. This duty is performed weekly about 5% of the time.
9. Monitors loan portfolio/performance. This duty is performed daily about 5% of the time.
10. Corresponds with customers. This duty is performed daily about 10% of the time.
11. Recommends changes in risk rating. This duty is performed monthly about 5% of the time.
12. Collects past due loan payments. This duty is performed monthly about 5% of the time.
13. Develops potential loan markets and loan prospects. This duty is performed daily about 5% of the time.
14. Completes required BSA/AML training and other compliance training as assigned. This duty is performed annually about 5% of the time.
15. The ability to work in a constant state of alertness and in a safe manner.
16. Perform any other related duties as required or assigned.

QUALIFICATIONS

To perform this job successfully an individual must be able to perform each essential duty mentioned satisfactorily. The requirements listed below are representative of the knowledge skill and/or ability required.

EDUCATION AND EXPERIENCE

Broad knowledge of such fields as accounting marketing business administration finance etc. Equivalent to a four year college degree plus 3 years related experience and/or training and 19 to 23 months related management experience or equivalent combination of education and experience.

COMMUNICATION SKILLS

Ability to read analyze and understand common scientific and technical journals financial reports and legal documents; Ability to respond to complex or difficult inquiries or complaints from customers regulatory agencies or members of the business community.

MATHEMATICAL SKILLS

Ability to work with mathematical concepts such as probability and statistical inference and fundamentals of plane algebra solid geometry and trigonometry.

CRITICAL THINKING SKILLS

Ability to solve practical problems and deal with a variety of known variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written oral or diagram formats.

REQUIRED CERTIFICATES LICENSES REGISTRATIONS

Not indicated.

PREFERRED CERTIFICATES LICENSES REGISTRATIONS

Not indicated.

SOFTWARE SKILLS REQUIRED

Intermediate: Accounting Presentation/PowerPoint Spreadsheet Word Processing/Typing

WORKING CONDITIONS

Somewhat disagreeable working conditions. Continuously exposed to one or two elements such as noise intermittent standing walking; and occasional pushing carrying or lifting.

ENVIRONMENTAL CONDITIONS

The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.

PHYSICAL ACTIVITIES

The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.

Moderate diversity low physical. Work activities which allow for a moderate amount of diversity in the performance of tasks which are not as varied as those positions with high-level diversity and decision-making.

While performing the functions of this job the employee is regularly required to use hands to finger handle or feel talk or hear; frequently required to sit reach with hands and arms; and occasionally required to stand walk. Specific vision abilities required by this job include close vision.

ADDITIONAL INFORMATION

- Two (2) years experience using Microsoft Word and Excel
- Must have general computer skills
- The ability to communicate using oral and written skills
- Ability to lift 15 lbs.

Required Experience:

Unclear Seniority