Commercial Loan Officer

Prospect Bank Commercial Loan Officer
Job Title: Commercial Loan Officer Region: 08 - Champaign
Reports To: President & Chief Executive Officer Fair Labor Standards Act Status: Exempt
Prepared By: Administrative Services Updated: 3/18/2025

Summary:

A Commercial Loan Officer should possess strong customer relationship skills and be adept at listening, probing, and advising applicants on suitable banking products. The Commercial Loan Officer must have a thorough understanding of the requirements and limitations of each commercial loan program offered by the bank. This role involves guiding applicants through the entire loan process from application and underwriting to closing and post-closing support.

Familiarity with deposit products is essential to provide borrowers with comprehensive banking solutions. The Commercial Loan Officer should be knowledgeable in underwriting principles, including debt-to-income and loan-to-value ratios, and how these impact a borrower's repayment capacity. The role also requires managing documentation and ensuring compliance with federal regulations while supporting long-term portfolio growth.

Essential Duties and Responsibilities:

• Develop and maintain strong commercial lending relationships.
• Collect and analyze financial data to support loan approval or denial decisions.
• Monitor credit quality to ensure adherence to the bank s standards.
• Manage past due loans, resolve loan file exceptions, and oversee delinquent loan collections.
• Recommend charge-offs for problem loans and manage recovery of charged-off accounts.
• Ensure compliance with all applicable banking regulations.
• Design and implement loan products aligned with the bank s strategic goals.
• Uphold customer confidentiality and data security standards.
• Support training and professional development initiatives for lending staff.
• Assist in preparing monthly loan portfolio reports for the Board.
• Complete additional duties or projects as assigned by the Board or Chief Executive Officer.
• Adapt to evolving organizational needs and job requirements.

Supervisory Responsibilities:

Not Applicable

Qualifications:

• Bachelor s degree from a four-year college or university, or a minimum of five years of relevant experience and/or training, or an equivalent combination of education and experience.
• Master of Business Administration preferred.
• Strong critical thinking, problem-solving, communication, and presentation skills.
• In-depth knowledge of portfolio management, including rate and risk structures.
• Experience in commercial, consumer, and mortgage lending.