Description

Position Overview: 

This position is responsible for developing appropriate lending relationships which includes the ability to conduct thorough credit investigations, obtain the necessary information to effectively make credit decisions, and communicate decisions.  This position reports to the Vice President of Lending. 

Essential Duties and Responsibilities: 

•         The Loan Officer is responsible for collecting all necessary information in order to effectively underwrite and service loans and will work with the Loan Processing/Servicing teams in a professional and timely manner.
•         The Loan Officer is responsible for providing sound financial guidance to borrowers while protecting the interests of Richland Federal Credit Union and the borrower’s financial condition.
•         The Loan Officer is responsible for every loan they originate and is responsible for the full loan cycle; including any follow up required and collection activities and will work with the appropriate staff on all repossessions and workout situations.  
•         The Loan Officer is responsible for approving loans within their authority in accordance with Richland Federal Credit Union’s Loan Policy and according to State and Federal Regulations.  
• The Loan Officer is responsible for presenting loans above their approval authority to the appropriate approval authority.  The Loan Officer is responsible for being capable, ready and willing to make sound judgments and decisions in the best interest of Richland Federal Credit Union.
•         The Loan Officer is responsible for informing the borrowers if loan applications are not approved.
•         The Loan Officer is responsible for preparing and submitting the Loan Processor Worksheet and other loan file documents to the Loan Processing Group for loan document preparation and filing in a timely manner.  
•         The Loan Officer is responsible for growing their loan portfolio with quality loans and to grow non-interest income for the Credit Union, this may include spending a portion of their time outside the office seeking new loan opportunities and having the ability to work flexible hours including weekends to accommodate borrowers’ schedules.
•         The Loan Officer is responsible for originating consumer loans on occasion and servicing a consumer loan portfolio.
•         The Loan Officer is responsible for cross-selling other loan products and other services of Richland Federal Credit Union.  
• The Loan Officer is responsible for promoting the improvement of Richland Federal Credit Union through quality member service, promotion of products, professionalism in conduct and diligent work ethic.

Requirements

Basic Qualifications:

• Education:  Bachelor’s Degree in a business or accounting related field of study (3-5 years of related job experience may substitute for education).
• Related Experience:  1-2 years previous financial institution/member service experience, or equivalent combination of education and/or experience. 
• Must be able to work extended hours whenever required or requested by management.
• Working knowledge of Microsoft Office.
• Excellent written and verbal communication skills.
• Ability to learn business accounting systems. 
  

Preferred Qualifications:

• Previous experience as an Ag/Commercial Loan Officer - II.