Job Information
Alaska USA Federal Credit Union Commercial Loan Officer in Renton, Washington
Reports To: Varies by location
Primary Functions: Responsible for developing new business, structuring, underwriting, and closing of business and commercial loans, as well as monitoring and maintaining a loan portfolio.
Duties and Responsibilities:
Meet with business members and prospective business members to promote the credit union's commercial loan services and solicit new business.
Interview prospective borrowers and request necessary information to process loan requests.
Analyze applicant's financial status, credit, and evaluate collateral to determine feasibility of loan approval.
Negotiate loan structure with prospective borrower, including fees, loan repayment terms and other credit terms.
Underwrite credit requests taking into consideration applicable policies, procedures, guidelines and analyzed risk and present processed applications to appropriate approval authorities within the credit union as required.
Assist members with inquiries and information requests and resolve issues relating to loan products and services offered.
Promote and cross-sell other products and services as appropriate.
Monitor loan portfolio to ensure proper management of risk ratings, compliance with loan covenants and early identification of potential problems. Participate in collection efforts as necessary.
Participate in the credit union's business development activities, represent the credit union in industry and professional associations, community organizations, local business groups, etc.
Perform other duties as assigned.
Education: Bachelor's degree in finance, business or economics.
Creditable Experience in Lieu of Education: Minimum five years of commercial lending experience.
Experience/Skills: Strong oral and written communication skills. Ability to read, analyze, and interpret common scientific and technical journals, financial reports, tax returns and legal documents. Ability to respond to inquires or issues from members, regulatory agencies, or business community participants. PC proficiency in Microsoft Office Suite. Sales oriented personality preferred.
Tenure: Not Applicable
Equal Opportunity Employer
Commercial Loan Officer (Category 07)
Salary Pay Range: $80,000 - $137,981 annually. Starting base salary will be determined based on candidate experience, qualifications, education, and local or state wage requirements, if applicable and will fall within the range provided above.
Short-term and long-term incentives
Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
401(k) plan with a 5% match
Employee Assistance Program (EAP)
Life and disability coverage
Voluntary cash benefits for accident, hospitalization and critical illness
Tuition Reimbursement
Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
Click here to view Alaska USA’s comprehensive Benefits Programs.
Equal Opportunity Employer
ID: 2023-6044
External Company Name: Global Credit Union
External Company URL: https://www.globalcu.org/
Street: Renton Financial Center
Work Hours (Please use following format: Monday – Friday: 8:00 am – 5:30 pm) (Text Only): Monday - Friday: 8:00 am - 5:30 pm
Regular Schedule is five 8 hour days: Yes
Additional Schedule Differential: None
FLSA Status: Exempt