Job Purpose: Responsible for developing appropriate lending relationships which includes the ability to conduct thorough credit investigations, obtain the necessary information to effectively make credit decisions, and communicate decisions.
Primary Responsibilities:
- The Loan Officer is responsible for collecting all necessary information in order to effectively underwrite and service the loan and will work with the Credit Analyst in a professional and timely manner.
- The Loan Officer must be able to provide sound financial guidance to borrowers while protecting the interests of DWCU and the borrower’s financial condition.
- The Loan Officer is accountable for every loan they originate and in charge of the full loan cycle, including any follow up required and collection activities, and will work with the appropriate staff on all repossessions and workout situations.
- The Loan Officer approves loans within their authority in accordance with Dakota West Credit Union’s Loan Policy and according to State and Federal Regulations. The Loan Officer will present loans above their approval authority to the Credit Committee for approval. The Loan Officer must be capable, ready and willing to make sound judgments and decisions in the best interest of DWCU.
- If the loan is not approved, the Loan Officer is responsible to inform the borrower.
- Prepares the Loan Processor Worksheet and submit the Worksheet with the appropriate documentation to the Loan Processor Group to prepare loan documents.
- Responsible to grow their loan portfolio with quality loans and to grow non-interest income for the Credit Union, this may include spending a portion of their time outside the office seeking new loan opportunities & having ability to work flexible hours including weekends to accommodate borrowers’ schedules.
- Responsible to cross-sell other loan products and other services of the Credit Union.
- Promote the improvement of Dakota West Credit Union through quality member service, promotion of products, professionalism in conduct and diligent work ethic.
Education, Experience and Certification Requirements
Basic Qualifications:
- Strong commitment to providing exceptional member service.
- High School diploma or equivalency.
- Previous computer experience.
- 1-2 years previous financial institution/member service experience
- Strong communication and organizational skills.
Preferred:
- Extensive knowledge of lending operational procedure and policy.
- Previous Financial Institution Operations knowledge and skills.
- Previous exposure to Agricultural operations
- Bachelor’s Degree in a business or accounting related field.
Physical and Mental Demands
- Constantly required to sit, hear, talk, write, read, keyboard/computer entry, reach, stretch, work under time constraints with needed ability for task management flexibility and to perform routine duties with attention for details.
- Constant abilities used/required on the job are mathematics, memory, reasoning, estimating, problem-solving and exercising judgment.
- Occasionally drive a car or work extended hours.
- Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and the ability to adjust focus.
Work Environment
- Constantly works with others, around others and with members and the public. Constantly works indoors, in confined areas and is exposed to the risk of electrical shock.
- Frequently works around noise (moderate level). The employee must have the ability to focus on tasks and members while hearing teller machines, conversations of others, coin sorter, music, phones etc., in a confined area.
- Infrequently the employee works alone and also works near moving objects. The employee is also infrequently exposed to outdoor weather conditions.
Reports to: Chief Credit Officer
Department: Lending
Employees Supervised: None
