Business Loan Officer

---

Job description

Philadelphia Federal Credit Union is looking for Business Loan Officers!

Position Title: Business Loan Officer

Job Type: Full-Time

Classification: Exempt

Salary: $65,000 - $105,000

As a member of this team, your primary responsibility is to assist business members in obtaining loans and monitoring your portfolio. Business Lending Loan Officers are decision-makers who must apply critical thinking and attention to detail to every application they process. Your daily duties require applying both logic and people skills in order to complete your tasks, which include developing new commercial lending business, evaluating loan applications, determining credit worthiness and underwriting loans.

Essential Functions & Basic Duties

• Direct responsibility for processing requests for commercial loans by interviewing prospective and existing individuals and evaluating their creditworthiness.
• Determines eligibility and approves loans within specified limits to comply with PFCU policies and procedures and Federal Regulations.
• Collects delinquent commercial business loans and works with legal on defaulted loans.
• Understands and ensures that commercial loan accounts are serviced according to PFCU policies and regulatory requirements. Monitors loan relationships on a continuing basis to insure loan quality and minimize risk.
• Insures accurate documentation of credit approval terms and collateral. Reviews and evaluates required searches, financial statements, and credit reports.
• Completes loan renewals by verifying new data with current data, making adjustments, and preparing input forms.
• Reviews loan advances by verifying credit limits, commitment expirations and account statuses.
• Completes loan adjustments by preparing input information, calculating rate changes, interest discrepancies, etc.
• Controls loans by establishing, monitoring and enforcing policies, procedures and standards.
• Identifies status of commercial loan portfolio by verifying and preparing reports.
• Underwrites new and existing loan requests by inputting financial and business information into SAGEWORKS system.
• Prepares RFA's (Recommendation for Approval) and ARF's (Annual File Reviews) for new and existing MBL's.
• Contributes decision-making information to Business Loan Committee by analyzing loan requests, notes, terms, security, etc., and presenting administrative issues for approval.
• Develops new commercial lending business.
• Contributes to team effort by accomplishing related results as needed.
• Completes periodic training/certification for, but not limited to, Bank Secrecy Act (BSA), HMDA. Reg. B, FCRA and all other applicable regulations.

Qualifications

• Minimum High School Diploma or equivalent.
• Minimum 3 years business lending/credit analysis experience with an emphasis in Commercial Real Estate Lending.
• Construction lending experience preferred.
• Thorough knowledge of all facets of business lending, including operational, technical and decision making skills.
• Ability to work in a fast paced environment, possessing proven organizational skills.
• Detail orientated.
• PC proficiency, including experience with Microsoft products.
• Ability to work independently, with minimum supervision.

Why Work For Us…

• Retirement Plan: We offer a Pension and 401K plan to help secure our employees' future.
• Insurance Coverage: We offer a range of insurance options, including Medical, Dental, Vision, and Prescription coverage, Voluntary Life Insurance and Short and Long-term Disability Coverage.
• Financial Assistance: We offer Employee and Educational Assistance Programs and Employee Discount Programs to give our employees a little extra boost.
• Employee Amenities: All of our employees are eligible for PTO.
• Community Benefits: It's not just a job - it's a community. That's why our employees also get automatic PFCU Membership and access to local volunteer opportunities.
• An Award-Winning Experience: PFCU is a proud winner of a number of awards including Best Place to Work in Philadelphia and Healthy Place to Work.

Equal Employment Opportunity (EEO)

PFCU provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law. PFCU complies with Philadelphia's Fair Chance Hiring Law.