Loan Officer
Louisiana Land Bank · Tallulah
- MINIMUM EDUCATION AND EXPERIENCE REQUIREMENTS:
- Bachelor’s degree in Business Administration, Finance, Agricultural Economics, or a related field,
- or equivalent experience and two (2) or more years of experience as a loan officer or loan officer
- trainee.
- JOB PURPOSE AND SCOPE:
- Recommends or approves loans in assigned territory within the limits of specific delegated
- authority. Develops and manages loan portfolios including loan originations in the trade area
- served by the association. Has some latitude for decision making; works under moderate
- supervision.
- ESSENTIAL FUNCTIONS:
- 1. Responsible for developing and marketing new business within their service area.
- 2. Assists prospective and current borrowers with their credit needs and with formulating solutions
- to credit related issues.
- 3. Makes and services leases, loans for operating equipment and real estate, and offering other
- related services such as cash management products and crop insurances within delegated authority
- and in accordance with association policies. Makes and/or conveys decisions on loan approval,
- structure and pricing. Responsible for exercising credit risk management responsibilities on loans
- within area of responsibility.
- 4. Conducts simple to moderately complex credit analyses. Analyzes balance sheets, income
- statements, and cash flows of potential borrowers to ascertain creditworthiness. Maintains current,
- adequate and verified financial information on borrowers and guarantors as required by association
- policy.
- 5. Performs loan servicing tasks, which may include partial releases, subordination’s to mineral
- leases and right of ways, division orders, reamortizations, assumptions, severance agreements,
- insurance claims, additional advances, extensions and conversions.
- This job has been benchmarked to Loan Officer
- 6. Ensures that all assigned loans are properly risk rated, assigned loss given defaults are correct
- and performance status assignments are proper.
- 7. Complies with proper credit administration practices as outlined in the association’s policies and
- procedures.
- 8. Performs collections on assigned loans and assists senior-level staff and management with
- collections on all loans in the portfolio. Works with delinquent borrowers to obtain satisfactory
- loan performance.
- 9. Assures that adequate insurance coverage is maintained as required by loan conditions and
- monitors ad valorem taxes to insure that such taxes are paid on the security.
- 10. May assist with the title examination process on perspective loans to ensure validity of liens on
- property pledged as collateral or security interest on chattels. Prepares loan closing packages and
- facilitates the loan closing process as required in accordance with all applicable association and
- FCA policies and regulations.
- OTHER DUTIES:
- May perform appraisals, inspections and/or collateral evaluations in compliance with district and
- Association standards and procedures. May assist with or attend public relations functions for the
- Association.
- SKILL REQUIREMENTS:
- General knowledge of accounting/financial systems. Specialized knowledge of accounting/finance
- principles. Skill in oral and written communication. Basic skill level in Microsoft Office
- applications. Ability to perform basic to intermediate-level accounting/financial analyses under
- moderate supervision.
- PHYSICAL ACTIVITIES:
- Ability to sit for long periods of time. Ability to stand for limited periods of time. Ability to walk for moderate distances. Frequent finger/hand manipulation (e.g. keyboard, office equipment, small hand tools, etc.) Occasional lifting, carrying, pushing, and/or pulling while exerting up to 50 pounds of force.
- WORKING RELATIONSHIPS:
- Frequent interaction with customers, association departmental staff and management. Occasional
- interaction with association senior management, CEO, and/or board of directors. Occasional
- interaction with Farm Credit Bank of Texas staff. Frequent interaction with area professionals
- including real estate agents, commercial bankers, and others who deal with the association in the
- normal course of business.