Commercial Loan Officer Job at Prospect Bank, Terre Haute, IN

ZWFNc0U3bmo0RCtUVnlmVno5dGs4ZFN2Tmc9PQ==
  • Prospect Bank
  • Terre Haute, IN

Job Description

Prospect Bank Commercial Loan Officer Job Title: Commercial Loan Officer Region: 08 - Champaign Reports To: President & Chief Executive Officer Fair Labor Standards Act Status: Exempt Prepared By: Administrative Services Updated: Summary: A Commercial Loan Officer should possess strong customer relationship skills and be adept at listening, probing, and advising applicants on suitable banking products. The Commercial Loan Officer must have a thorough understanding of the requirements and limitations of each commercial loan program offered by the bank. This role involves guiding applicants through the entire loan process—from application and underwriting to closing and post-closing support. Familiarity with deposit products is essential to provide borrowers with comprehensive banking solutions. The Commercial Loan Officer should be knowledgeable in underwriting principles, including debt-to-income and loan-to-value ratios, and how these impact a borrower's repayment capacity. The role also requires managing documentation and ensuring compliance with federal regulations while supporting long-term portfolio growth. Keywords: Commercial Loan Officer, banking, loan approval, financial analysis, credit quality, loan portfolio, loan products, customer confidentiality, training and development, portfolio management, commercial lending. Essential Duties and Responsibilities:

  • Develop and maintain strong commercial lending relationships.
  • Collect and analyze financial data to support loan approval or denial decisions.
  • Monitor credit quality to ensure adherence to the bank’s standards.
  • Manage past due loans, resolve loan file exceptions, and oversee delinquent loan collections.
  • Recommend charge-offs for problem loans and manage recovery of charged-off accounts.
  • Ensure compliance with all applicable banking regulations.
  • Design and implement loan products aligned with the bank’s strategic goals.
  • Uphold customer confidentiality and data security standards.
  • Support training and professional development initiatives for lending staff.
  • Assist in preparing monthly loan portfolio reports for the Board.
  • Complete additional duties or projects as assigned by the Board or Chief Executive Officer.
  • Adapt to evolving organizational needs and job requirements.
Supervisory Responsibilities: Not Applicable Qualifications:
  • Bachelor’s degree from a four-year college or university, or a minimum of five years of relevant experience and/or training, or an equivalent combination of education and experience.
  • Master of Business Administration preferred.
  • Strong critical thinking, problem-solving, communication, and presentation skills.
  • In-depth knowledge of portfolio management, including rate and risk structures.
  • Experience in commercial, consumer, and mortgage lending.
recblid t0wjdnjs8x1sc5l84exqif1y0mrrah

Job Tags

Similar Jobs

PetSitter.com

Pet Sitter Wanted - Pet Sitter Wanted In Anderson, Ca Earn $20 Daily Caring For Furry Friends! Job at PetSitter.com

 ...who is reliable and can provide my two GSD mixes with the attention and care they need to break up the work week. Parker is a 13 year old German Shepherd Husky. Jaxon is a 7 year old German Shepherd Corgi. Duties include hanging out with them and taking them on a potty... 

Stopandshop

Fully stocked with opportunity: Now Hiring Order Selectors Job at Stopandshop

 ...supervisor to make it as easy as possible for the stores to unload. Of course, none of this can happen without a safe and clean shipping area, they take care of that too. Here's what else we can offer you:You'll grow with us by going to training and development... 

PetSitter.com

Pet Sitter Wanted - Reliable & Loving Pet Sitter Needed In Bethlehem, Pa Earn $50 Daily Caring For Furry Friends! Job at PetSitter.com

 ...providing companionship and playtime. It's crucial for me to find someone who understands the needs and behavior of dogs. My Breezy is a 12-year-old sweet Yorkie and Pax is my 11-year-old Cavalier. Both love attention and people. I'm offering $50 daily per pup for your... 

Medical City Arlington

RN Labor and Delivery Supervisor Job at Medical City Arlington

 ...and coordination of all functions in the unit/department during the designated shift. In collaboration with other members of the management team, the CNC directs, monitors, and evaluates nursing care in accordance with established policies/procedures, serves as a resource... 

Tacoma Public Schools

Head Coach Cross Country - Hilltop Heritage Job at Tacoma Public Schools

 ...promotes good sportsmanship in the conduct of team members and coaches. # Assumes responsibility for all phases of the program involving...  ...regarding program, facilities, and transportation problems; assists the building athletic director and district athletic director...