Commercial Loan Officer

3 days ago


Los Angeles, California, United States Commonwealth Business Bank Full time

Job Title: Commercial Loan Officer

Job Summary:

Commonwealth Business Bank is seeking a highly skilled Commercial Loan Officer to join our team. As a Commercial Loan Officer, you will be responsible for analyzing commercial loan requests, underwriting, structuring, and closing commercial loans. You will also be responsible for creating financial spreadsheets and assessing borrowers' cash flow utilizing personal and business tax returns.

Key Responsibilities:

  • Supports credit lending decisions by analyzing commercial loan requests, underwriting, structuring, and the closing of commercial loans.
  • Calls on larger loan and deposit customers for retention and increases and solicits large new depositors and Commercial Loan Prospects.
  • Meets and exceeds sales and portfolio quality goals.
  • Prepares call reports or other necessary reports on a monthly basis.
  • Participates in monthly loan meetings.
  • Responsible for developing and maintaining relationships with industry groups and organizations to stay informed of changes in federal and state banking regulations and industry trends; ensure the company adjusts accordingly.
  • Solicits new business and participates in community or other service programs to develop goodwill.
  • Communicates and works effectively with the back end of operations, i.e. the Note Department, to complete the booking process of loans and perform any additional requests from the borrower (loan disbursements, set up automatic payments, etc.).
  • Possesses advance knowledge of personal and business financial statements and tax returns in order to assess a company or borrower's financial standing. This includes applying according to finance principals to further analyze and draw conclusions on their ability to cover loan payments.
  • Responsible for managing accounts for new and existing clients including delinquent status loans, effectively managing the loan process from origination through booking.
  • Other duties may be assigned.
  • Complies fully with all Bank policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Anti Money Laundering, Code of Conduct, and etc.). Must complete all required training.

Requirements:

  • Requires overall qualification to successfully handle the duties described above.

Education and Experience:

  • Bachelor's degree from accredited 4-year University
  • Minimum of 2 years underwriting experience

We offer a competitive total rewards package, including but not limited to Medical, Dental, Vision, and Life Insurance, 401k retirement savings plan, and paid federal holidays, for this full-time position within the annual salary range of $55,000 - $80,000. Annual pay ranges are determined based on qualifications, level, and location. Exact compensation may vary based on your skills and experience.

Must be authorized to work in the US.

We are an Equal Opportunity Employer. All applicants will receive consideration for employment without regard to race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender identity, gender expression, genetic information, or military or Veteran status, or any other characteristic protected by law.



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