Democratizing Recruitment
Job Description

Commercial Loan Officer

Department Mission
  • The finance department plans, organizes, leads, control and monitors the activities of the two programs: accounting and revenue management. Developing and implementing efficient and effective financial policies, planning and reporting systems that assure the company's long-term fiscal health.
  • Loan officers assess and authorize company, real estate, or credit lending approvals. You should be experts in determining a loan applicant's financial condition. Updating account documents and updating loan files are part of the duties. you will work for commercial banks , credit unions or mortgage companies.
  • Monitoring and Oversee financial data
  • Risk Analysis Management
  • Forecasting
  • Department budget Management
  • Meet with the applicants to determine their needs and to collect information for loan applications.
  • Regularly analyze active loan files, and recommend solutions to accelerate the loan process.
  • Complete contracts for loans, and educate clients about policies and regulations.
  • Interview applicants to define financial eligibility and draw up plans for debt payments.
  • Track and maintain records of the accounts.
  • Submit applications for loans in a reasonable time.
  • Prepare detailed plans for the loans.
  • Reject applications for loans and explain to borrowers the shortcomings.
  • Respond to questions from applicants and resolve any issues related to loans.
  • Work properly according to laws and regulations.
  • Bachelor of Finance degree, or related field.
  • Minimum of 3 years of loan officer experience.
  • Good knowledge of legislation on local, state , and federal loans.
  • A thorough understanding of computers and banking software.
  • Excellent interpersonal and social skills.
  • Customer-oriented and excellent sales skills.

It's always a good idea to include the benefits of the job the company will provide such as:

  • Flexible hours to give you freedom and increase productivity
  • Life insurance for you and your family members
  • Work remotely in the comfort of your home
  • Free Gym membership so you can stay in shape
  • Fun and Energetic weekly team bonding events
  • etc.

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