General Electric Credit Union
Commercial Lending Officer
General Electric Credit Union, Cincinnati, Ohio, United States, 45208
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Commercial Lending Officer
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General Electric Credit Union 2 days ago Be among the first 25 applicants General Electric Credit Union is a not-for-profit, member-owned full service financial institution headquartered in Cincinnati with branches in Ohio and Kentucky. At GECU, we pride ourselves on maintaining quality service, being an employee-friendly workplace, and developing our team members while teaching you the skills to lead you to career advancement opportunities. Overview
The Commercial Lending Officer is responsible for developing new commercial business and expanding existing commercial customer relationships within the credit union. This role involves making and servicing a variety of commercial and commercial real estate loans, ensuring compliance with lending policies and procedures, and maintaining a high-quality loan portfolio to minimize loss to the credit union. Essential Responsibilities
Contact viable leads and current clients to identify and pursue new lending opportunities Understand and effectively articulate our products, services, and value propositions Network to build strong center of influences (COIs) resulting in the generation of lending opportunities that fit the credit union’s growth strategy Build, maintain, and manage relationships with assigned book of business with the intent to achieve deposit growth objectives while ensuring to provide excellent member service Maintain professional, prompt, and effective communication throughout the entire loan process with COIs, applicants, vendors, and colleagues Manage portfolio, including managing renewals and loan modifications Evaluate, analyze, and interpret financial data to assess creditworthiness and risk Counsel members throughout the loan process, negotiate terms, and structure loans Stay updated on market trends to provide competitive financing solutions Ensure all loans comply with credit union lending policies and regulatory requirements Represent the credit union in community activities to enhance its image and promote its services Collaborate with team members to ensure efficient loan processing Performs other duties to support the department as needed Education and Experience
High school diploma, or GED required; bachelor’s degree preferred Minimum of 3 years of experience in commercial lending, and portfolio management to the CLO qualifications. SBA Lending experience a plus Knowledge, Skills, and Abilities
The ability to read and understand tax returns and financial statements, credit reports, and other business-related documents Working knowledge of various commercial transaction types including real estate, equipment, ownership changes, and other business financing needs Knowledge of regulatory requirements associated with this position Ability to work independently and driven to achieve goals Self-starter with a focus on sales and providing an excellent member experience Strong communication skills to build relationships and collaborate with others Benefits
Health, Dental and Vision insurance Life and Disability insurance options Paid Time Off starts accruing once hired and take your birthday off - paid 401k Retirement plan with up to a 10% match of your base gross compensation Tuition reimbursement opportunities & professional development Volunteer opportunities -and earn additional PTO hours! On-site clinics for Vaccines and Mammograms And many more! Come join GECU as we are a curated culture of respect, understanding, and mutual recognition. We believe forming bonds and connecting with each other only stands to strengthen the service we provide to our members in our mission of improving the Quality of Financial lives! General Electric Credit Union is an Equal Opportunity Employer
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Commercial Lending Officer
role at
General Electric Credit Union 2 days ago Be among the first 25 applicants General Electric Credit Union is a not-for-profit, member-owned full service financial institution headquartered in Cincinnati with branches in Ohio and Kentucky. At GECU, we pride ourselves on maintaining quality service, being an employee-friendly workplace, and developing our team members while teaching you the skills to lead you to career advancement opportunities. Overview
The Commercial Lending Officer is responsible for developing new commercial business and expanding existing commercial customer relationships within the credit union. This role involves making and servicing a variety of commercial and commercial real estate loans, ensuring compliance with lending policies and procedures, and maintaining a high-quality loan portfolio to minimize loss to the credit union. Essential Responsibilities
Contact viable leads and current clients to identify and pursue new lending opportunities Understand and effectively articulate our products, services, and value propositions Network to build strong center of influences (COIs) resulting in the generation of lending opportunities that fit the credit union’s growth strategy Build, maintain, and manage relationships with assigned book of business with the intent to achieve deposit growth objectives while ensuring to provide excellent member service Maintain professional, prompt, and effective communication throughout the entire loan process with COIs, applicants, vendors, and colleagues Manage portfolio, including managing renewals and loan modifications Evaluate, analyze, and interpret financial data to assess creditworthiness and risk Counsel members throughout the loan process, negotiate terms, and structure loans Stay updated on market trends to provide competitive financing solutions Ensure all loans comply with credit union lending policies and regulatory requirements Represent the credit union in community activities to enhance its image and promote its services Collaborate with team members to ensure efficient loan processing Performs other duties to support the department as needed Education and Experience
High school diploma, or GED required; bachelor’s degree preferred Minimum of 3 years of experience in commercial lending, and portfolio management to the CLO qualifications. SBA Lending experience a plus Knowledge, Skills, and Abilities
The ability to read and understand tax returns and financial statements, credit reports, and other business-related documents Working knowledge of various commercial transaction types including real estate, equipment, ownership changes, and other business financing needs Knowledge of regulatory requirements associated with this position Ability to work independently and driven to achieve goals Self-starter with a focus on sales and providing an excellent member experience Strong communication skills to build relationships and collaborate with others Benefits
Health, Dental and Vision insurance Life and Disability insurance options Paid Time Off starts accruing once hired and take your birthday off - paid 401k Retirement plan with up to a 10% match of your base gross compensation Tuition reimbursement opportunities & professional development Volunteer opportunities -and earn additional PTO hours! On-site clinics for Vaccines and Mammograms And many more! Come join GECU as we are a curated culture of respect, understanding, and mutual recognition. We believe forming bonds and connecting with each other only stands to strengthen the service we provide to our members in our mission of improving the Quality of Financial lives! General Electric Credit Union is an Equal Opportunity Employer
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