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Commercial Loan Officer

Prospect Bank

Champaign, IL
15 days ago

Job Description

The Commercial Loan Officer at Prospect Bank will guide applicants through the loan process, ensuring compliance with regulations and managing documentation. This role requires strong customer relationship skills and a thorough understanding of commercial loan programs, aimed at supporting long-term portfolio growth.

Key Responsibilities

  • Develop and maintain strong commercial lending relationships
  • Collect and analyze financial data for loan decisions
  • Monitor credit quality to ensure adherence to bank standards
  • Manage past due loans and oversee delinquent loan collections
  • Ensure compliance with applicable banking regulations
  • Design and implement loan products aligned with bank goals
  • Support training and professional development for lending staff
  • Prepare monthly loan portfolio reports for the Board

Required Qualifications

  • Bachelor's degree from a four-year college or university
  • Minimum of five years of relevant experience and/or training
  • Strong critical thinking and problem-solving skills
  • Excellent communication and presentation skills
  • In-depth knowledge of portfolio management

Preferred Qualifications

  • Master of Business Administration
  • Experience in commercial, consumer, and mortgage lending