Commercial Loan Officer (Champaign - IL) Job at Prospect Bank, Champaign, IL

T2VKLzFHRE1ya1UvSHFlWmUwbjk4YTBLQ1E9PQ==
  • Prospect Bank
  • Champaign, IL

Job Description

Job Title: Commercial Loan Officer

Summary: The Commercial Lending Officer is responsible for providing support, direction, credit information, and loan policies and procedures to ensure the overall quality of the Bank's lending portfolio. Duties include calculating the Allowance for Loan and Lease Loss Reserve (ALLL) and making recommendations to executive management and the Board of Directors for monthly allocations to the Loan Loss Reserve. Reviews and approves/declines large and complex loans prior to submission to Loan Committee. This position will set policies and procedures regarding lending activities, ensure adherence to federal regulations and establish goals for long-term portfolio growth.

Essential Duties and Responsibilities:

  • Collect and analyze financial information to support loan approval/denial decisions.
  • Pays particular attention to credit quality and making sure the bank stays within or under the quality standards set for the Bank.
  • Responsible for overseeing and managing the correction of past due loans, monitoring of loan file exceptions outstanding, the collection of delinquent loans.
  • Responsible for recommendations for charge-offs of problem loans, and the collection of charged-off loans.
  • Ensure compliance with applicable Bank regulations for all lending practices.
  • Coordinate and develop loan products and programs consistent with the Bank's goals and practices.
  • Adhere to customer confidentiality and information security programs for the lending function.
  • Assist in development and implementation of training, continuing professional development and bench marking for lending services employees.
  • Prepare monthly loan portfolio reports for the Board.
  • Fulfills duties, projects or processes that may be assigned by the Board or CEO.

Supervisory Responsibilities: N/A

Qualifications: Bachelor's degree (B. A.) from four-year College or university; or at least five years related experience and/or training; or equivalent combination of education and experience. MBA preferred. Ability of critical thinking and problem-solving plus good communication and presentation skills required. Knowledge of rate and risk structure of portfolio management plus experience with commercial, consumer and mortgage lending required.



Job Tags

Full time,

Similar Jobs

Generis Tek, Inc.

Web Content Designer II Job at Generis Tek, Inc.

 ...Specialist Rohan Salve at email address ****@*****.*** can be reached on # (***) ***-****. We have Permanent for Web Content Designer -Remote f or our client Salem OR. Please let me know if you or any of your friends would be interested in this position.... 

Midwestern Baptist Theological Seminary

Lead Pastor Job at Midwestern Baptist Theological Seminary

Gasburg Baptist Church is seeking a full time Lead Pastor. Please send resume with cover letter, statement of faith, short biography, recent sermon link and references to [emailprotected]See: gasburgbaptistchurch.com/about/files for job description

Insight Global

GRC Analyst Job at Insight Global

Insight Global is seeking a Governance, Risk, and Compliance (GRC) Analyst! This GRC Analyst will be responsible for the alignment of IT activities to business goals and the management of information security risks. You will be a member of a 4-person team, reporting to... 

Jamestown Community College

Sociology Instructors, Part-time (Pool Posting) Job at Jamestown Community College

 ..., JCC welcomes applications from qualified, enthusiastic candidates.Position Description:JCC anticipates part-time openings for Sociology instructors beginning in the Spring 2024 semester on all campuses, as well as online. Class times and course coverage needs will vary... 

Bon Vivant Custom Woodworking Inc.

Live chat specialist Job at Bon Vivant Custom Woodworking Inc.

 ...Woodworking Inc. is in search of a proactive and engaging Live Chat Specialist to enhance our customer service experience. As the...  ...customer service or communications is a plus. Benefits Retirement Plan (401k, IRA) Training & Development Work From Home...