Loan Officer I

Description

• Keep abreast of industry changes, local economic, financial and legislative events which may have an impact on commercial lending activities.

• Analyze cash flow, liquidity, profitability, leverage and other financial ratios and be able to come to various conclusions, including evaluation of collateral and other relevant credit information.

• Prepare loan presentations that include all pertinent information associated with the overall risk of the loan, identifying the strengths and weaknesses of borrower’s surrounding credits.

• Recommend or deny loan requests in conformance with banking regulations and Bank’s loan policies and procedures.

• Gather documents to perfect the security interest in collateral, if applicable.

• Detect early warning signs of problem loans and immediate notification to a supervisor, Chief Credit Administrator, Loan Review, or Loan Servicing.

• Monitor loan covenants and conditions per loan agreement and report any violation to manager.

• Assist in loan closing and funding including obtaining signatures on loan documents according to the Bank’s procedures.

• Analyze collateral values and insurance coverage.

• Collect loan accounts and overdraft information.

• Submit reports of calls made and document customer contact.

• Meet customers regularly and seek opportunities to grow relationship.

• Conduct site visits and on-site interviews under the supervision of a portfolio manager.

• Comply with regulatory requirements including but not limited to: Reg B, HMDA, Bank Secrecy Act, OFAC, and USA Patriot Act, CRA, Privacy, and Security.

• Comply with the Bank’s security program, including but not limited to:

o Review and comply with the End-User Computing Agreement.

o Acquire good knowledge on functions and usage of computer systems as related to the assigned job functions.   

o Be current and knowledgeable in industry’s trend in safeguarding the Bank against confidential data leak, identity theft, fraudulent activities, and computer security threats.

o Reports suspicious activities to manager, Chief Risk Officer or Information Security Officer.

• Mentor junior lending staff.

• Occasional local travel is required, as may participate in client meetings with Relationship Managers.

• Participate in community organizations and/or events to help the Bank meet its CRA Objectives.

• All other reasonable duties as assigned.

Job Qualifications/Requirements

• Minimum Education Level: Bachelor’s Degree, preferably in Accounting and Finance

• Minimum Job Experience: 3-5 years of commercial lending experience

• Language requirements: Korean bilingual preferred

• Computer/software skills: Intermediate with MS Applications