Jobs Title: Loan Officer
Company: Bank and Trust Company
Location:Witt, IL
Job Description:
Bank & Trust is looking for a full-time Loan Officer at our Witt branch in Witt, IL.
Primary Functions: Loan Officer/Lender is responsible for soliciting, negotiating, underwriting, and coordinating the closing of complex consumer, residential, equipment, SBA, commercial building and business loans in compliance with the Bank’s lending policies and procedures; develops business checking and deposit relationships with customers; and promotes business for the Bank by maintaining good customer relations and referring customers to appropriate staff for new services. The position of Loan Officer assists in attaining established Bank, region and branch goals through active participation in sales management and officer call programs.
Duties and Responsibilities:
- Interview applicants and request specified information for loan application; request applicant credit reports, background checks, reference checks, and other information pertinent to evaluation of loan application; analyzes applicant financial status, credit, and property evaluation to determine feasibility of granting loan.
- Compile loan package and facilitate negotiation with applicant according to established standards, such as fees, loan repayment options, and other credit terms; refer loan to loan committee for approval; ensure loan agreements are complete and accurate according to policy; assures timely loan closing and funding activities.
- Take loan applications, compile required documents, and facilitate loan closings for South Central Illinois Mortgage.
- Utilize government programs when deemed necessary to meet customer’s credit needs.
- Participate in the collection procedures and processes of the loan officers to assure the timely collection of all delinquent accounts and develop revised loan repayment terms or schedules as necessary.
- Assist customers with inquiries and information requests.
- Assure delivery of exceptional customer service. Serve both external and internal customers, provide effective problem resolution as required.
- Expand customer relationships by proactively reviewing customer needs and referring customers to CSRs, the Trust Department, and other personnel. Serve as a role model for team in building, maintaining and enhancing relationships with customers.
- Assure that the needs of customers are satisfied.
Bachelor’s degree (B.A. or B.S.) from four-year college or university; or three to four years retail lending and customer service-related experience and/or training; or equivalent combination of education and experience.
Bank & Trust is an equal opportunity employer and does not discriminate against applicants or employees based on sex, race, color, religion, national origin, ancestry, marital status, age, veteran status, disability, or any other protected category.
Pay Transparency Notice
Determining compensation for this role (and others) at Bank & Trust Company depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Bank & Trust Company believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure.
Job Type: Full-time
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Health insurance
- Health savings account
- Life insurance
- Paid time off
Schedule:
- 8 hour shift
Experience:
- Banking: 1 year (Preferred)
- Customer service: 1 year (Preferred)
- Lending: 1 year (Preferred)
Work Location: In person
