Job details

Description

CoVantage Credit Union, ranked in the top 1% of Credit Unions in the nation by Callahan & Associates since 2006, is a well-established financial institution serving our local communities for over 70 years. We are committed to providing exceptional financial services to our members, including a wide range of lending solutions. As we expand into Illinois, we are seeking a motivated and experienced Commercial Loan Officer to join our New Lenox team.

CoVantage team members enjoy a suite of benefits including a 401k employer match of up to 200%, a generous employer HSA contribution, and paid time off for community service.

Job Duties

Responsible for managing and growing the commercial loan portfolio by providing expert guidance and support to our business members
Develop and maintain relationships with business members and potential business members, analyzing their financial needs and providing tailored commercial lending solutions
Develop a high-quality loan portfolio according to credit union policies, and monitor portfolio performance, identify potential risks, and proactively address any concerns
Evaluate loan applications, financial statements, credit reports, and other relevant information to assess creditworthiness and determine loan eligibility
Manages and collects assigned commercial loan portfolios and works with any member having financial difficulty or problems making regular payments

Qualifications

Have a Bachelor's degree in business, accounting, finance, or similar field or equivalent experience
Have a minimum 2 years’ business lending experience
Have a strong understanding of commercial lending principles, credit analysis, loan structuring, underwriting, and accounting concepts and how to apply them to financial statement analysis
Have a valid driver's license as some travel is required
Are proficient with Windows and Microsoft Office software, and various lending software packages
Have excellent verbal and written communication skills and the ability to work in direct, professional contact with a wide variety of people

Qualifications

Skills

Behaviours

Motivation

Education

Experience

Licences & certifications

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

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