Business Loan Portfolio Manager
1 month ago
Arize Federal Credit Union is seeking a highly motivated and detail-oriented Member Business Loan Portfolio Manager to join our team. As a key member of our lending team, you will be responsible for processing and administering commercial business loans, overseeing loan servicing, documentation, and maintenance of all business-related loan records.
Key Responsibilities- Assist the lending team in evaluating potential member business loan requests, taking applications, and reviewing member financial conditions to assess their ability to repay loans.
- Negotiate credit terms, such as interest rates, fees, loan repayment methods, and repayment structures, within Credit Union policies and procedures.
- Prepare credit memos and supporting documentation for review by the Member Business Loan committee and attend loan committee meetings.
- Develop and maintain business lending and deposit relationships for the Credit Union, expanding and developing business relationships with existing and potential members.
- Monitor existing member business loan portfolios to maintain a high-quality asset base, overseeing and managing member business financial information.
- Perform periodic and timely reviews of member business lending relationships as directed by Credit Union policy.
- Prepare regular reports to senior management and the Board of Directors on lending strategies, goals, activities, and related information.
- Maintain accurate records, including loan files, and process loan payments and maintain loan records.
- Prepare payoff letters, satisfaction pieces, termination documents, and other correspondence, forwarding payoff letters to title companies and members as requested.
- Stay informed of new laws and regulations influencing business lending and make recommendations to management as appropriate, ensuring the Credit Union's compliance with all member business lending rules and regulations.
- Assist the lending team in annual financial statement collection, utilizing the loan servicing software to manage and maintain member business loan records.
- Represent the Credit Union at various networking, professional functions, and events to develop new business relationships.
- 3-5 years of similar or related experience.
- Bachelor's Degree or achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree.
- Trustworthy and works with high integrity.
- Excellent interpersonal skills for motivating/influencing others, first-level conflict resolution, building relationships, and soliciting cooperation.
- Medical, Dental, Vision.
- Life Insurance, Disability, Maternity Leave.
- Flexible Spending Accounts.
- Retirement - 10% Employer Contributions (total).
- 401(K) Plan.
- Incentive Plan.
- Holidays and Generous Paid Time Off.
- Education Assistance.
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