Commercial Loan Officer

3 weeks ago


Terre Haute, Indiana, United States Prospect Bank Full time
Job Title: Commercial Loan Officer

**Job Summary:**

The Commercial Loan Officer is responsible for providing support, direction, credit information, and loan policies and procedures to ensure the overall quality of Prospect Bank's lending portfolio. This role involves calculating the Allowance for Loan and Lease Loss Reserve (ALLL) and making recommendations to executive management and the Board of Directors for monthly allocations to the Loan Loss Reserve.

**Key Responsibilities:**

  • Collect and analyze financial information to support loan approval/denial decisions.
  • Pays particular attention to credit quality and ensures the bank stays within or under the quality standards set for Prospect Bank.
  • Responsible for overseeing and managing the correction of past due loans, monitoring of loan file exceptions outstanding, the collection of delinquent loans.
  • Responsible for recommendations for charge-offs of problem loans, and the collection of charged-off loans.
  • Ensure compliance with applicable Bank regulations for all lending practices.
  • Coordinate and develop loan products and programs consistent with Prospect Bank's goals and practices.
  • Adhere to customer confidentiality and information security programs for the lending function.
  • Assist in development and implementation of training, continuing professional development, and benchmarking for lending services employees.
  • Prepare monthly loan portfolio reports for the Board.
  • Fulfills duties, projects, or processes that may be assigned by the Board or CEO.

**Qualifications:**

Bachelor's degree (B.A.) from a four-year college or university; or at least five years related experience and/or training; or equivalent combination of education and experience. MBA preferred. Ability of critical thinking and problem-solving, plus good communication and presentation skills required. Knowledge of rate and risk structure of portfolio management, plus experience with commercial, consumer, and mortgage lending required.



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