UW Credit Union · 3 days ago
Commercial Loan Officer
Madison
Full-time
Onsite
Mid, Senior Level
4+ years expUW Credit Union is seeking a talented professional to join our growing Commercial Lending team to manage and expand a commercial loan portfolio. The Commercial Loan Officer will acquire lending and deposit relationships, provide superior member service, and ensure compliance with lending policies and best practices.
BankingFinancial ServicesMortgage
Responsibilities
Solicits new lending opportunities, and the accompanying deposits, connected to multifamily (5+ unit) and 1-4 unit rental properties. Will benefit from internal and branch referrals as well as new opportunities from the existing members that UWCU is already partnering with
Proficient in analyzing and interpreting financial statements of the subject property, together with guarantor financial information, to propose UWCU compliant loan. Able to quantify the connected credit risks and propose mitigating reasons or provisions
Collaborate with Credit Analysts and Loan Administrators in the collection of financial statements and due diligence for borrowers and guarantors
Strong analytical and people skills to negotiate favorable loan terms and pricing with borrowers that align with the credit risks prior to advancing into underwriting with the Credit Analysts
Perform site visits for new loans
Provide excellent communication with borrowers and members, both verbally and written, to collect financial documents and obtain answers to any underwriting questions that arise
Take ownership of the underwriting process and work jointly with Credit Analysts to prepare loan presentations within targeted completion Advance loan presentations through the approval process
Oversee loans getting processed from approval to closing, including: collection of any misc. information or documents needed, review of loan documents prior to closing, and coordinating the opening of any deposit accounts
Expected to have overall ownership and responsibility for each loan relationship assigned to them, along with ensuring initially quoted loan terms flow throw the underwriting process and are accurately presented within the executed loan documents
When needed, jointly work with Credit Analysts to prepare Watch List memos for loans risk rated 5 or higher
Meet deadlines throughout the loan prospecting through closing process
Assist lending staff in performing property specific research, pre-qualification assessment, completing prelim financial spreads and initial analysis of financial condition within framework of IPL loan policy
Expected to act as the primary point of contact for all client needs, inquiries, or Will bring in others within UWCU, as needed, to provide answers or resolve issues
May perform site visits for existing loans
Perform research on real estate metrics and data within the commercial real estate database
Work closely with Loan Administrators and Credit Analysts in the collection and verification of documents provided associated with ticklers and the Annual Review process
Together with Credit Analysts, prepare Annual Review loan presentations within required timeframes
Demonstrate excellent customer service skills when interacting with members and internal partners
Maintain consistent dialogue and interactions with all clients they are assigned to ensure relationship with UWCU remains strong
Interact with Department Leadership and other IPL staff to assist with special projects as needed
Help the Director of IPL Operations and Loan Administrators prepare for internal or external audits and exams
Interact with other departments internally to build relationships and help increase understanding of IPL loans and the department
Review referrals from other UWCU departments in a timely manner, as well as respond to external loan inquiries, or requests for departmental information
Employee development and growth through internal and external learning of sales, credit/ underwriting or compliance topics and trainings. May be asked to complete various sales prospecting or commercial underwriting training modules or certification courses
Maintain understanding and competency of IPL Loan Policy and other industry best practices
Occasionally attend training sessions or informational sessions for themselves or on behalf of the credit union
Additional training for new loan types might be required
Maintain a working knowledge of any technology used by the Stay abreast of industry knowledge and best practices
Attend various trade organization and community events to cultivate IPL relationships, and represent UWCU within the industry
Assume responsibility for personal development through training, collaboration and teamwork
Take initiative to participate in organizational project, trainings, and peer coaching
Embrace change by anticipating and supporting corporate strategies and goals
Demonstrate professionalism in dress, tone, flexibility, and communication
Consistently act as part of a cohesive team, demonstrating excellent interpersonal skills and the ability to interact positively with other employees
Performs other duties as assigned by management
Qualification
Required
Bachelor's degree in finance, Accounting, Business management or related field required
4-5 years direct experience as a Loan Officer or Portfolio Manager required
Credit Analyst experience required
Advanced exposure to commercial lending principles and best practices
Advanced understanding of commercial loan documents
Advanced exposure to commercial appraisals
Strong math and analytical skills
Strong ability to collaborate with others, and provide assistance when needed
Superior written communication
Strong attention to detail
Ability to maintain confidentiality
Proficiency to handle high-pressure situations and deliver within stated timelines
Problem-solving skills & capable to consistently operate with moderate to minimal guidance
Relationship building skills
Preferred
Completion of a formal credit training program preferred
Benefits
21.5 days of annual time off (accrued per pay period)
2 weeks paid caregiver leave
2.5 weeks paid new child parental leave
2 days paid volunteer time
10 paid holidays (including your birthday!)
401k company match of up to 5%, plus approximately 4% discretionary match
Variable bonus reward
Competitive Medical, Dental, and Vision plans, including domestic partner eligibility
Employee Assistance Program
And more!
Company
UW Credit Union
UW Credit Union is a provider of a full range of consumer financial services.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Paul Kundert
President/CEO
Brad McClain
CFO
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