Commercial Loan Officer I - Iaa Credit Union

Stepping into theCommercial Loan Officer I position will be an opportunity to work within the newest and fastest growing department within IAA Credit Union. Here, you'll be able to build strong financial relationships with new and existing members and their businesses. Being the first contact in addressing members' and applicants' small business loan inquiries, it will be up to you to know and provide information on Credit Union products and services in accordance with Credit Union policies and procedures along with State and Federal rules and regulations. This position comes with an enormous amount of autonomy and accountability. You'll be encouraged to utilize your creative juices and past experiences to deliver unique business loan solutions to our members that will bring exceptional value to their businesses. It will be up to you to interview loan applicants, uncover and mitigate risks, negotiate terms, price and structure loans appropriately, collect collateral, and recommend relevant, additional banking products. Upon loan application, you will work with our Commercial Lending Assistant and Credit Union partners to take the application through loan processing, underwriting, collateral evaluations, closing, and funding.

This position is based out of our corporate office in Bloomington, IL five days per week.

How does a Commercial Loan Officer make an impact?

• Generates new business loan production through consistent business development and relationship-building activities.
• Works within a team environment to meet or exceed established loan volume, income, cross-selling, and loan quality objectives.
• Serves as initial point of contact for Credit Union members interested in attaining a business loan and maintains open communication with members and outside vendors throughout the application and approval process.
• Calculates and secures accurate interest rates for business loans based on loan variables insuring fair pricing to the member and adequate income to the Credit Union.
• Establishes, maintains and strengthens business member relationships in order to grow a profitable business loan portfolio and meet member needs.
• Performs annual Commercial Loan reviews.
• Adheres to regulatory and Credit Union lending policies.

Do you have what we're looking for?

• Proven history of successful "needs' based" selling.
• Exceptionally strong customer (member) focus.
• Previous business lending experience.
• Basic familiarity with commercial lending and deposit services including government lending programs (SBA).
• Strong analytical and conflict resolution skills.
• This job operates in a Credit Union environment. Regularly communicates with and interacts with others, and routinely uses standard office equipment such as computers, phones, calculators, scanners and copy machines.
• May work Saturday hours (on rotating basis) with occasional overtime.
• Work may extend beyond normal business hours as business needs dictate.
• Typically requires 2 years of relevant experience or a combination of related experience, education and training.

Why work with us?

We are an affiliate organization of the Illinois Farm Bureau and serve the financial needs of members and employees of the Illinois Farm Bureau and its affiliates. Illinois Farm Bureau planted roots in 1916 and is one of the largest Farm Bureau organizations in the United States. Illinois Farm Bureau is a voice for Illinois farmers, farm families, and anyone involved in food and agriculture. That covers a lot of ground. Illinois Farm Bureau represents members in Springfield, IL and Washington D.C. When you become a part of Illinois Farm Bureau, you become part of something that touches the lives of people every day. You truly make a difference.

You’ll be able to take advantage of our benefits package, which includes insurance benefits (medical, dental, vision, disability, and life), 401(k) with company match, parental leave, paid time off, paid company holidays and time off to volunteer.

Illinois Farm Bureau is committed to providing equal opportunity in all areas of employment, and in providing employees with a work environment free of discrimination and harassment. Employment decisions are made without regard to race, color, religion, age, gender, sexual orientation, veteran status, national origin, disability, or any other status protected by applicable laws or regulations.

Come join our team at Illinois Farm Bureau today!

Illinois Farm Bureau does not generally sponsor individuals for employment-based visas for this position.