Fort Bragg Federal Credit Union · 1 week ago
Business Loan Officer
Fort Liberty, NC
Full-time
Onsite
Senior Level
5+ years expFort Bragg Federal Credit Union is seeking a Business Loan Officer who will be responsible for sourcing, developing, and closing business loans. The role involves leading business development initiatives, assisting borrowers throughout the loan process, and maintaining positive relationships with team members and clients.
BankingFinanceFinancial ServicesInsuranceNon Profit
Responsibilities
Leads and executes business development initiatives by identifying and pursuing new sales opportunities to expand our business/commercial lending portfolio. The primary focus is our 7-county footprint and secondarily extends to other areas within North Carolina
Assists borrowers in completing business loan applications. Gathers necessary loan documents, processes preliminary information, analyzes information and formulates recommendations, collects upfront fees, and submits loan packages to underwriters. Serves as a liaison during the entire borrowing process
Consults with current members and prospects on a variety of business loans offerings. Discusses loan alternatives, credit criteria, pricing and structure options, and borrowing requirements
Follows up on incomplete applications to offer assistance, answer questions, and determine applicant’s intentions
Coordinates with LUCRO underwriters and processors and keeps SVP Credit Administration and the Business Loan Committee (BLC) apprised of the status of every deal
Continually follows up with all parties to ensure timely loan closings and resolve any problems while ensuring compliance requirements
Cross sells other types of loans including HELOCs, residential real estate loans and consumer loans
Conducts property inspections as assigned
Assists in completing annual reviews. Gathers all standard documentation and proactively follows up with borrowers to obtain additional information or address any problems
Maintains positive working relationships with fellow team members. Presents to frontline staff to ensure they understand pertinent information about business lending and enlists their support to develop new leads. Supports needs outside of business lending, as necessary
Monitors business loan portfolio for compliance purposes and serves as key contact for borrowers. At direction of SVP Credit Administration, assists in resolving past due payments, delinquencies, and collection matters
Keeps abreast of market conditions and competitors’ products and pricing. Recommends changes to BLC
Supports the credit union’s strong relationship building culture through on-going member contact, quality member service, and superior product knowledge
Establishes and maintains a network of local business contacts. Regularly attend business networking events
Complies with all department and company policies, procedures, and regulations
Provides assistance to auditors and examiners, as necessary
Other projects and duties as assigned
The ability to make sound decisions. This may include making on-the-spot decisions regarding transactions; weighing satisfaction issues with the Credit Union’s exposure to loss or fraud and the ability to think through and rationalize decisions
Must comply with the Federal Bank Secrecy Act, Anti-Money Laundering & Customer Identification Policy (BSA), the OFAC Policy and the Identity Theft Policy
Qualification
Required
High School education or GED
Must be able to meet the qualifications necessary to be registered with the NMLS under the provisions set forth by the S.A.F.E. Act
On an annual basis, it is required to complete mandatory Bank Secrecy Act, OFAC and Red Flag Identity Theft training
5-8 years business/commercial lending or related experience
Effective communication skills both written and verbal and the ability to explain and discuss complex and/or sensitive topics
Strong proficiency in all Microsoft Office products
Understanding and knowledge of credit union and lending regulations and responsibilities relating to each including a working knowledge of mortgages, liens, and other aspects of the loan collateral perfection
Strong knowledge of FBFCU lending products, policies, and procedures
Initiative-taker, ability to work independently
Leadership abilities
Preferred
Sales experience and familiarization with banking products is preferred
Company
Fort Bragg Federal Credit Union
Fort Bragg Federal Credit Union's field of membership is open to the following: • Persons who live, worship, work (or regularly conduct business in) or attend school and other legal entities in Cumberland, Harnett, Hoke, Lee, Moore, Robeson, or Scotland County, NC.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
John Tyson
Executive Vice President / CFO
R Neal Spivey
Chief Lending Officer
Recent News
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