LombardRecruiter Since 2001
the smart solution for Lombard jobs

Commercial Loan Officer

Company: West Suburban Bank
Location: Lombard
Posted on: February 18, 2021

Job Description:

Commercial Loan OfficerUS-IL-LombardJob ID: 2020-4114Type: Regular Full-Time# of Openings: 1Commercial LoansResponsibilitiesSummary: Originates and services a wide variety of business and individual loans, both secured and unsecured. Makes decisions on loans and terms within established lending limits or makes recommendations to a higher authority.Essential Functions: Reasonable accommodations may be made to enable individuals with disabilities to perform the following essential functions.

  • Initiates contact with potential commercial accounts and solicits their relationship. Interviews applicants to develop information concerning their business, needs, desires, abilities and earnings to determine whether a loan may be an acceptable risk. Gives financial advice and counsel to customers and prospective customers.
  • Inquires on existing commercial accounts, maintains relationships, cross-sells other bank products and services and solicits referrals for new commercial relationships. Develops new business and increase or retain existing business.
  • Manages the entire banking relationship for a portfolio of commercial accounts.
  • Collects information, analyzes, underwrites, approves/disapproves, negotiates terms and conditions, prepares credit proposals, recommends documentation and disbursement instructions for new and renewed loan requests.
  • Monitors the performance of the borrower during the relationship, including payments, Borrowing Base Certificates, financial statements, tax returns, insurance.
  • Maintains the integrity and quality of the loan portfolio. Performs collections, negotiates work-outs and refers accounts to collection attorneys as required. Keeps informed as to the status of loans within his/her portfolio and monitors them for compliance with terms.
  • Coordinates with Loan Review and Credit Analysis Manager and the Senior Lender in establishing the risk rating for borrowers including recommendations for a downgrade outside of the review cycle.
  • Ensures that information gathering, decision making, and loan monitoring are in compliance with all regulations.
  • Has the ultimate responsibility for the maintenance and content of his/her credit files.
  • Maintains a presence and promotes the Bank within the community. Serves on municipal committees and boards, as well as Boards of Directors of civic groups or private enterprises. Maintains membership in service clubs.
  • Interacts with and provides information to executive officers and directors.
  • Frequent local travel is required.
  • All other reasonable duties as assigned.
  • QualificationsRequired Education and Experience:
    • Excellent computer skills. Proficiency in Microsoft Office Suite;
    • Strong verbal and written communication skills;
    • Excellent organizational skills;
    • Extensive knowledge of financial statement analysis and regulations;
    • Minimum 10 years lending experience;
    • May be subject to SAFE Act Registration Requirements.
    • Valid driver's license and satisfactory driving record;
    • Bachelor's degree in business administration, finance, or accounting or equivalent work experience.Preferred Education and Experience:
      • Formal credit training;Requirements for performing Essential Functions:On the job, the employee may physically be required to bend, sit, use finger movements, and/or handle objects (manual dexterity). The position requires good eyesight and hearing, and frequent operation of a motorized vehicle. On the job the employee must mentally be able to read/comprehend, write, perform calculations, communicate orally, reason, analyze, and multi-task. West Suburban Bank is an Equal Opportunity Employer. Minority/Female/Disabled/Veteran.JT17 PI130389828

Keywords: West Suburban Bank, Lombard , Commercial Loan Officer, Accounting, Auditing , Lombard, Illinois

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category
within


Other Accounting, Auditing Jobs


Staff Accountant
Description: Position Summary:Clarity Partners is looking for a talented Staff Accountant to join our Accounting and Finance team. The ideal candidate would be a strong individual contributor, team builder, and team (more...)
Company: Clarity Partners, LLC
Location: Chicago
Posted on: 03/2/2021

Controller
Description: The Alinea Group seeks a full-time Controller to join our Business team. We are passionate about innovation in culinary arts, service, and business operations. The ideal candidate for this business team (more...)
Company: The Alinea Group
Location: Chicago
Posted on: 03/2/2021

Vice President, Mortgage, Quality Control & Internal Audit
Description: Join the team that's changing the mortgage industry. Interfirst Mortgage Company IMC is a retail wholesale lender originating more than 35B of residential mortgages. Our leadership team has over (more...)
Company: Interfirst
Location: Frankfort
Posted on: 03/2/2021


Bookkeeper
Description: Ref ID: 01302-9502860873Classification: Full Charge BookkeeperCompensation: 19.00 to 26.00 hourlyWe are currently looking for a Full Charge Bookkeeper to join a growing team. Some of the responsibilities (more...)
Company: Robert Half
Location: Chicago
Posted on: 03/2/2021

Controller
Description: Our client, Faure Brothers Corporation, is seeking a Controller br This Controller position is accountable for the administrative and financial operations of the Company, including supervising the (more...)
Company: Miller, Cooper & Co., Ltd.
Location: Calumet City
Posted on: 03/2/2021

PPP Auditor
Description: Ref ID: 01340-0011671194Classification: Payroll AdministratorCompensation: 23.75 to 27.50 hourlyThere is an excellent Payroll Administrator job opportunity open with Accountemps, for candidates who (more...)
Company: Robert Half
Location: Oak Brook
Posted on: 03/2/2021

Director - Corp Dev - Healthcare (Private Equity)
Description: Our Client is currently seeking to add a Director Healthcare to their M A Team. The ideal candidate will be responsible for corporate/ business development and sourcing and screening new potential acquisition (more...)
Company: Coda Search
Location: Chicago
Posted on: 03/2/2021

CORPORATE ACCOUNTANT IV
Description: Oversee and provide support to various accounting functions within the corporate accounting operation and/or business unit accounting operations, as required. Produce accurate and timely financial statements (more...)
Company: Cortech
Location: Warrenville
Posted on: 03/2/2021

Analyst / Senior Analyst - US Public Finance - Chicago
Description: Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research (more...)
Company: Fitch Ratings
Location: Chicago
Posted on: 03/2/2021

Senior Internal Auditor (33604)
Description: Senior Internal Auditor 33604 Our client is a global technology solutions provider that is currently looking for a Senior Internal Auditor to join their team. This position will have a blend of financial (more...)
Company: Baker Tilly Search & Staffing
Location: Chicago
Posted on: 03/2/2021

Log In or Create An Account

Get the latest Illinois jobs by following @recnetIL on Twitter!

Lombard RSS job feeds