CoVantage Credit Union, ranked in the top 1% of Credit Unions in the nation by Callahan & Associates since 2006, is a well-established financial institution serving our local communities for over 70 years. We are committed to providing exceptional financial services to our members, including a wide range of lending solutions. As we expand into Illinois, we are seeking a motivated and experienced Commercial Loan Officer to join our Stevens Point team.
CoVantage team members enjoy a suite of benefits including a 401k employer match of up to 200%, a generous employer HSA contribution, and paid time off for community service.
Job Duties
Responsible for managing and growing the commercial loan portfolio by providing expert guidance and support to our business members
Develop and maintain relationships with business members and potential business members, analyzing their financial needs and providing tailored commercial lending solutions
Develop a high-quality loan portfolio according to credit union policies, and monitor portfolio performance, identify potential risks, and proactively address any concerns
Evaluate loan applications, financial statements, credit reports, and other relevant information to assess creditworthiness and determine loan eligibility
Manages and collects assigned commercial loan portfolios and works with any member having financial difficulty or problems making regular payments
Qualifications
Have a Bachelor's degree in business, accounting, finance, or similar field or equivalent experience
Have a minimum 2 years’ business lending experience
Have a strong understanding of commercial lending principles, credit analysis, loan structuring, underwriting, and accounting concepts and how to apply them to financial statement analysis
Have a valid driver's license as some travel is required
Are proficient with Windows and Microsoft Office software, and various lending software packages
Have excellent verbal and written communication skills and the ability to work in direct, professional contact with a wide variety of people
Seniority level
Entry level
Employment type
Full-time
Job function
Finance and Sales
Industries
Financial Services
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