Senior Commercial Loan Specialist

3 weeks ago


Los Angeles, California, United States Open Bank Full time

Loan Officer I Role at Open Bank

We are seeking a skilled Loan Officer I to join our team at Open Bank. As a Loan Officer I, you will be responsible for underwriting, documenting, processing, and maintaining lending products and loan files.

Key Responsibilities:

  • Underwrite commercial loan products following the bank's loan policy and procedures, and general prudent lending practices.
  • Interview applicants for new loans and discuss loan products and requirements; Perform credit analysis and spreads on financial information; and communicate with management on loans.
  • Perform site visitations to new borrowers and existing borrowers.
  • Prepare & review files for policy, regulatory, and documentation compliance, including equal credit, fair credit reporting, BSA, and other regulatory requirements.
  • Follow up with tickler items.

Requirements/Qualifications:

  • Bachelor's degree in Business Administration or related field or equivalent work experience required.
  • Minimum one years of experience in banking and/or lending required.
  • Ability to retain broad knowledge of lending tasks.
  • Strong analytical skills with a thorough understanding of lending operations and client needs.
  • Present a professional image in dealing with customers, interdepartmental, and external representatives.

Employee Benefits & Perks:

  • Medical, Dental, & Vision: Open Bank offers medical, dental, and vision insurance for all full-time employees and their immediate family members.
  • Life, Accidental Death & Dismemberment, & Long-Term Disability: Open Bank pays 100% of the cost.
  • Flexible Spending Account (FSA): Tax-advantaged financial accounts are offered for employees to pay for eligible out-of-pocket expenses (health, dependent care, transit, and parking) with pre-tax dollars.
  • 401(k) Retirement Savings Plan: Open Bank matches 100% of the first 6% of employees' contributions.
  • Paid Time Off (PTO): Employees begin to accrue PTO hours at the time of hire to use for vacation, illness, or other personal reasons.
  • Employee Assistance Program (EAP): The EAP offers counseling sessions, online tools and resources, and legal and financial guidance for employees and their family.
  • Company Paid Lunch: Open Bank provides company paid lunch twice a week.

To learn more about our company culture and benefits, please visit our website.



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