SHARE:

Commercial Loan Officer

January 26, 2024

NorState FCU is hiring a Commercial Loan Officer at its Presque Isle location.

Job Description:

Reports To: Vice President Commercial Services

Role: Commercial Loan Officer will be responsible for originating and closing small to mid-size commercial loans. They will be responsible for independently developing new business, underwriting, structuring, and closing commercial loans, as well as maintaining and servicing a commercial loan portfolio. This individual will represent the credit union in its market areas through active participation in community affairs. Critical to this role is understanding the value of teamwork, the skills needed to assess the risk of commercial loans, and the ability to develop and maintain strong customer relationships.

Essential Functions and Responsibilities:

  1. Actively serve as loan officer to originate, evaluate, process, obtain approval and close on business loans of various sizes and complexity across industries. Work on teams to prepare loan packages, including analyzing financial statements, assessing borrower’s management capacity, and determining key credit and risk drivers, and proposing strategies to mitigate them.
  2. Actively participate in servicing and monitoring the loan portfolio, along with other members of the team, including conducting site visits, evaluating risk management
    reports, and working to resolve troubled loans if needed.
  3. Build and maintain strong relationships with borrowers through origination, closing and post-closing. Work within the community to build awareness of Norstate FCU and
    its commercial program.
  4. Ensure compliance with lending regulations and internal controls for accuracy, timeliness, and proper documentation.
  5. Perform other duties assigned by supervisor.

Knowledge and Skills:

Experience: 3 years of experience in lending, finance or community development, or equivalent related experience

Education: Bachelor’s degree in related field or equivalent related experience.

Job Type: Full-time

Salary: From $52,586.00 per year and negotiable based on experience

Benefits:

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Health insurance
  • Life insurance
  • Paid time off
  • Vision insurance

Payment Frequency: Paid biweekly

Schedule:

  • 8 hour shift
  • Day shift

Work setting:

  • In-person
  • Office

Ability to Relocate:

  • Presque Isle, ME 04769: Relocate before starting work (Required)

Work Location: In person

Apply:

To apply, please go to the NorState website, click on “Services,” and go down to the applications for the link. You can also email your resume specifying which listing you are applying for to tammyc@norstatefcu.org.