Purdue Federal Credit Union
Senior Account VP/Loan Officer - Member Business Services
Purdue Federal Credit Union, Crown Point, Indiana, United States, 46307
Senior Account VP/Loan Officer - Member Business Services
The Senior Account VP/Member Business Loan Officer is responsible for developing and maintaining relationships with business members to generate new loans, deposits, and other credit union products and services, analyze credit requests to ascertain fit within the credit union’s quality and risk guidelines, and service and grow a loan and deposit portfolio of accounts.
Loan Origination & Credit Analysis
Originate commercial loans
Refer and cross-sell deposit products, Treasury Management services and other credit union products and services
Analyze financial information and credit applications to determine credit potential
Negotiate credit terms within the credit union's loan policies
Prepare credit opportunity memoranda
Present loans for approval to the proper approval authority
Voting member of Business Loan Committee
Assist members regarding existing loans, financial requests, financing terms and guidelines
Business Development & Relationship Management
Support branch commercial activities
Provide resources and make recommendations that meet business members' needs
Network and prospect for new business members through attendance at and involvement in business and community events
Represent Member Business Services at Chamber of Commerce and other business events
Portfolio & Risk Management
Resolve members' problems
Collect ongoing member financial data
Monitor performance of individual loan portfolio to maintain and improve the quality
Maintain credit files
Monitor and grow deposits
Market & Industry Awareness
Lead/Participate in departmental and cross-functional projects
Monitor market indicators and competition
Stay abreast of industry, market and regulatory changes
Develop new marketing materials that cover business products and services including regulatory requirements
Additional Requirements
Competent computer skills
Ability to communicate, verbally and in writing, in a professional manner when dealing with employees, members, vendors and company contacts
Ability to follow the core values of honesty, integrity, mutual respect, pride and ownership
Seniority level Mid-Senior level
Employment type Full-time
Job function Sales and Business Development
Industries Banking
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Loan Origination & Credit Analysis
Originate commercial loans
Refer and cross-sell deposit products, Treasury Management services and other credit union products and services
Analyze financial information and credit applications to determine credit potential
Negotiate credit terms within the credit union's loan policies
Prepare credit opportunity memoranda
Present loans for approval to the proper approval authority
Voting member of Business Loan Committee
Assist members regarding existing loans, financial requests, financing terms and guidelines
Business Development & Relationship Management
Support branch commercial activities
Provide resources and make recommendations that meet business members' needs
Network and prospect for new business members through attendance at and involvement in business and community events
Represent Member Business Services at Chamber of Commerce and other business events
Portfolio & Risk Management
Resolve members' problems
Collect ongoing member financial data
Monitor performance of individual loan portfolio to maintain and improve the quality
Maintain credit files
Monitor and grow deposits
Market & Industry Awareness
Lead/Participate in departmental and cross-functional projects
Monitor market indicators and competition
Stay abreast of industry, market and regulatory changes
Develop new marketing materials that cover business products and services including regulatory requirements
Additional Requirements
Competent computer skills
Ability to communicate, verbally and in writing, in a professional manner when dealing with employees, members, vendors and company contacts
Ability to follow the core values of honesty, integrity, mutual respect, pride and ownership
Seniority level Mid-Senior level
Employment type Full-time
Job function Sales and Business Development
Industries Banking
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