Commercial Loan Officer III
CENWest Palm Beach, Florida, United States
Posted May 5, 2023
Full Time
About the Company
Centennial Bank, a subsidiary of BancShares, delivers comprehensive commercial and retail banking services to businesses, investors, individuals, and municipalities across Arkansas, Florida, Alabama, New York, and Texas. The bank focuses on customer-centric solutions, offering a wide array of financial products such as loans, deposits, and investment services tailored to diverse client needs. As a member of the FDIC and an Equal Housing Lender, Centennial Bank emphasizes regulatory compliance and inclusive lending practices, distinguishing itself as a reliable and socially responsible financial partner in the region.
Job Description
Responsible for extending credit within the policies and guidelines set forth in the loan policy. Must properly administer the credit worthiness and documentation of all loans and/or borrowing relationships originated or assigned to the officer.
Requirements
- Interviews commercial loan applicants
- Examines and evaluates applicants credit and financial history
- Examines/Views collateral (if applicable) to determine adequacy
- Authorizes or recommends approval/denial of applicant
- Approves loan within specified limits or refers to appropriate approval level
- Prepares loan offering memorandum
- Ensures all loan documents are complete, accurate and in accordance with policy
- Closes/Declines loans in a timely manner
- Monitors loan portfolio/performance
- Corresponds with customers
- Recommends changes in risk rating
- Collects past due loan payments
- Develops potential loan markets and loan prospects
- Completes required BSA/AML training and other compliance training as assigned