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- Tasks: Manage a diverse portfolio of commercial loans and build strong relationships with business members.
- Company: Join Evergreen CU, a leading credit union in Maine with a commitment to community service.
- Benefits: Enjoy great perks like medical, dental, vision, 401(k) match, generous PTO, and tuition assistance.
- Why this job: Be part of a supportive team culture that values hard work and exceptional service.
- Qualifications: 3-7 years in Commercial Lending with strong analytical and communication skills required.
- Other info: Opportunity to develop your career while making a positive impact in the community.
The predicted salary is between 36000 - 60000 £ per year.
Evergreen CU, one of Maine’s largest credit unions with over $600 million in assets, is looking for a Commercial Loan Officer (CLO) to join their busy Commercial Lending Team in Westbrook, which manages a $134 million loan portfolio.The CLO is responsible for developing and managing a portfolio of commercial loans including real estate, C&I and SBA-504 lending. This role involves building strong relationships with business members, assessing creditworthiness, structuring loan packages, and ensuring compliance with internal policies and regulatory requirements.The CLO meets with applicants to evaluate loan requests, gather necessary financial information, and assess risk. Site visits and customer calls will help the CLO understand borrower needs, industry context, and the quality of collateral. The role also includes negotiating loan terms, handling renewals and maturing notes, assisting with periodic reviews and identifying opportunities to cross-sell products and services to both new and existing members.Specific duties include:Intake and initial review of loan applications and other related requests, performing preliminary due diligence to ensure completeness, accuracy and readiness for underwriting.Develop and deepen relationships with prospective and existing business members by understanding their financial goals, delivering exceptional service and identifying cross-selling opportunities.Manage a diverse commercial loan portfolio ensuring credit quality and adherence to internal and regulatory requirements.Assist in structuring, negotiating and presenting loan proposals for credit approval.Develop proficiency in our loan origination system (Abrigo/Sageworks).Collaborate with credit analysts, loan assistants, and other internal partners to ensure timely and accurate loan processing.Stay current on credit union policies, procedures and strategic objectives.Identify early warning signs of credit deterioration and work proactively with borrowers to resolve issues, including support for collection and workout efforts.Provide guidance to junior staff for team development and knowledge sharing.Ensure compliance with all applicable laws and regulations such as Fair Lending, HMDA, MLA and BSA.The successful candidate will have:3-7 years of related experience in Commercial LendingPrior work experience analyzing business financial statements and assessing the viability of businessesStrong knowledge of applicable lending laws and regulationsExcellent communication, negotiation, and business development skillsAbility to use related software and Microsoft Office productsValid driver’s license to visit member locations (required)Evergreen CU offers an amazing benefits package including medical, dental, vision, a 401(k) plan with organization match and core funding, short-term and long-term disability, generous PTO, tuition assistance, identity theft protection, and—most importantly—an amazing workplace culture! If you are a hard worker dedicated to providing world-class service and want to be a part of a team that loves where they work, we encourage you to apply! If you are interested, please send your resume to Beverly Frizzell-MacCallum, VP of Human Resources and Engagement, at bmaccallum@egcu.org .Evergreen CU was founded in 1951 and proudly serves individuals, families and local businesses throughout Cumberland, Oxford, Androscoggin, Sagadahoc, and Lincoln counties. We strive to benefit our members, neighbors, and community organizations by donating our time and resources. We have been successful thanks in large part to the personal, caring service our employees offer. Evergreen aspires to treat our employees as well as they treat our members. We look for employees who are dedicated to hard work, excellent service, and the community. Learn more about our Community Partners on our website at https://www.egcu.org . #J-18808-Ljbffr
Commercial Loan Officer employer: JobLeads GmbH
Contact Detail:
JobLeads GmbH Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Loan Officer
✨Tip Number 1
Familiarise yourself with Evergreen CU's values and community involvement. Understanding their commitment to service and community will help you align your approach during interviews and discussions, showcasing how you can contribute to their mission.
✨Tip Number 2
Network with current or former employees of Evergreen CU, especially those in the Commercial Lending Team. They can provide insights into the company culture and expectations, which can be invaluable when preparing for interviews.
✨Tip Number 3
Brush up on your knowledge of commercial lending laws and regulations, particularly those relevant to Maine. Being well-versed in these areas will demonstrate your expertise and readiness to handle compliance issues effectively.
✨Tip Number 4
Prepare to discuss specific examples of how you've successfully built relationships with business clients in the past. Highlighting your ability to assess creditworthiness and structure loan packages will show that you're a strong fit for the role.
We think you need these skills to ace Commercial Loan Officer
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities of a Commercial Loan Officer. Familiarise yourself with the specific duties mentioned in the job description, such as managing a loan portfolio and assessing creditworthiness.
Tailor Your CV: Customise your CV to highlight relevant experience in commercial lending, particularly any work involving financial statement analysis and compliance with lending laws. Use keywords from the job description to ensure your CV aligns with what Evergreen CU is looking for.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for providing exceptional service and your ability to build relationships with business members. Mention specific examples of how you've successfully managed loans or developed client relationships in the past.
Highlight Relevant Skills: In your application, emphasise skills that are crucial for the role, such as negotiation, communication, and proficiency in loan origination systems. Make sure to provide concrete examples of how you've applied these skills in previous positions.
How to prepare for a job interview at JobLeads GmbH
✨Know Your Portfolio
Before the interview, familiarise yourself with the types of commercial loans Evergreen CU offers. Understand the nuances of real estate, C&I, and SBA-504 lending, as well as the current market trends in these areas.
✨Demonstrate Relationship Building Skills
Be prepared to discuss how you have successfully built and maintained relationships with business members in the past. Share specific examples that highlight your communication and negotiation skills.
✨Showcase Your Analytical Skills
Expect questions about assessing creditworthiness and analysing financial statements. Be ready to explain your approach to evaluating loan applications and managing risk effectively.
✨Understand Compliance Requirements
Brush up on relevant lending laws and regulations such as Fair Lending, HMDA, MLA, and BSA. Demonstrating your knowledge in these areas will show that you are serious about compliance and risk management.
