Commercial Credit Specialist
1 month ago
Optimal Staffing seeks a highly skilled Commercial Credit Specialist to join our team. As a key member of our financial services team, you will be responsible for extending credit within established policies and guidelines. Your expertise will ensure that all loan decisions, actions, and recommendations are based on a thorough understanding of each customer's financial needs and conditions, while complying with all laws, regulations, and bank policy.
Key Responsibilities:
- Assign credit ratings to loans as defined in our policy at origination and as conditions change.
- Recommend approval and administer workout programs for problem loans.
- Monitor levels of reserves established for loans serviced by you.
- Administer the collection process, either internally or with bank counsel, while complying with all laws and regulations.
- Protect depositors' funds and stockholders' equity.
- Generate earnings for the bank and its stockholders.
- Promote and maintain a favorable image for the bank.
- Interview loan applicants and make credit decisions.
- Develop new business and manage existing portfolios.
- Collect past due loans, keep credit and collateral exceptions within policy ranges.
Essential Duties and Responsibilities:
- Interview commercial loan applicants.
- Examine and evaluate applicants' credit and financial history.
- Examine/View collateral (if applicable) to determine adequacy.
- Authorize or recommend approval/denial of applicant.
- Approve loans within specified limits or refer to appropriate approval level.
- Prepare loan offering memoranda.
- Ensure all loan documents are complete, accurate, and in accordance with policy.
- Closes/Declines loans in a timely manner.
- Monitor loan portfolio/performance.
- Correspond with customers.
- Recommend changes in risk rating.
- Collect past due loan payments.
- Develop potential loan markets and loan prospects.
- Complete required BSA/AML training and other compliance training as assigned.
- The ability to work in a constant state of alertness and in a safe manner.
- Perform any other related duties as required or assigned.
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