COMMERCIAL LOAN OFFICER III - Remote Memphis, TN (only) - Hope Credit Union / Hope Enterprises : Job Details

Job Description

Title: Commercial Loan Officer III

Department: Commercial Lending

Reports To: SVP of Community Economic Development Market Leader

Supervises: N/A

Job Classification: Full-time, Exempt

Location: Remote - Memphis, TN

About HOPE:

HOPE (Hope Enterprise Corporation, Hope Credit Union and Hope Policy Institute) provides financial services; leverages resources; and engages in advocacy that strengthens the financial health and wealth of people in under-resourced Deep South communities. Since 1994, these efforts have benefitted more than three million people in Alabama, Arkansas, Louisiana, Mississippi and Tennessee, and influenced billions in persistent poverty communities across the nation. Learn more at www.hopecu.org.

Job Summary

The Commercial Loan Officer II position is responsible for developing and managing a commercial loan portfolio in the states of Arkansas, Tennessee, Mississippi, Alabama, and Louisiana, and will lead HOPE's commercial lending expansion into the state. This position is to be located in assigned market, and must be able to develop and implement a commercial lending strategy for HEC/HFCU throughout the market.

Essential Job Functions:

* Develop active referral network for identifying potential customers and co-lending partners in the assigned market.

* Work with prospects and internal staff to adequately assess risk of credit requests, present recommendations, and facilitate loan closings.

* Manage customer relationships, including facilitating required outside technical assistance (e.g., accounting, management, marketing, engineering, etc.), compliance with loan covenants, payment performance, annual financial reviews, and on-site collateral and business inspections.

* Manage assigned loan portfolio.

* Ensure all assigned loans are in compliance and properly documented.

* Market HEC/HFCU's other financial products and services.

Secondary Functions

* Perform general administrative duties such as attending meetings, report production, etc.

* Assist Special Assets Department as needed in addressing problem loans.

* Provide information required for investor reporting, as requested by the Investor Relations Department.

* Participate in community outreach efforts.

* Manage other assigned credits.

Required Qualifications:

* Bachelor's Degree in relevant field

* 10+ years of commercial lending experience

* Proven expertise in credit analysis and financial analysis

* Strong written and verbal communication skills, with a track record of building collaborative relationships and/or partnerships

* Strong computer skills, especially with financial spreadsheets and word processing (e.g., document preparation, document editing/formatting)

Preferred Qualifications:

* Graduate or Professional certification preferred

* Prefer experience in development finance and/or commercial banking

Accountability for Business Results

* Commercial loan production volume

* Commercial loan quality (compliance, payment performance, charge-offs, etc.)

Competencies/Skills

* Ability to market commercial financial products.

* Ability to network with other financial service providers for referrals and loan participations.

* Ability to read and interpret legal documentation as it pertains to corporate organization and loan documentation.

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* Ability to read and interpret documents, write routine reports and correspondence. Ability to speak effectively before groups of customers and employees of the organization.

* Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, percent, and interpret data.

* Ability to apply commonsense understanding to carry out detailed but uninvolved written or oral instructions.

* Ability to deal with problems involving a few concrete variables in standardized situations.

* Ability to network with business and civic contacts and successfully convert community outreach efforts to commercial lending opportunities for HOPE.

Specified Authority Level

* Access to loan applications and loan performance data

Regulatory Compliance Requirements

* Must comply with provisions of the Bank Secrecy Act (BSA)

* Must comply with all provisions of the Equal Credit Opportunity Act (Regulation B)

* Must comply with all provisions of the Fair Credit Practice Rule

* Must comply with all provisions of the Flood Disaster Protection Act

* Must comply with all provisions of the National Flood Insurance Act

* Must comply with all provisions of the Truth in Lending Act (Regulation Z)

Physical Demands

* Employee is regularly required to sit, stand and walk

* Employee will use hands to finger, handle or feel, reach with hands and arms, and talk or hear

* Employee must regularly lift and/or move up to 10 pounds and frequently lift and/or move up to 25 pounds

* Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Work Environment

* Employee spends the majority of time in office environment, generally accessible to the public, customers, and potential customers

* Noise level in the work environment is usually moderate

* Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran