COMMERCIAL LOAN OFFICER SKILLS, EXPERIENCE, AND JOB REQUIREMENTS

Published: August 2, 2024 - The Commercial Loan Officer possesses advanced expertise in financial statement and tax return analysis, combining education in accounting and credit analysis with extensive experience in lending activities. This role requires in-depth knowledge of commercial, construction, real estate, and consumer loan processing, as well as a thorough understanding of state and federal lending regulations. Responsibilities include developing marketing strategies and business development skills to effectively promote bank products and services to customers.

Essential Hard and Soft Skills for a Standout Commercial Loan Officer Resume
  • Financial Analysis
  • Credit Risk Assessment
  • Loan Underwriting
  • Regulatory Compliance
  • Portfolio Management
  • Real Estate Knowledge
  • Loan Documentation
  • Data Analysis
  • Risk Management
  • Accounting.
  • Communication Skills
  • Customer Service
  • Negotiation Skills
  • Attention to Detail
  • Problem-Solving
  • Time Management
  • Team Collaboration
  • Adaptability
  • Analytical Thinking
  • Interpersonal Skills.

Summary of Commercial Loan Officer Knowledge and Qualifications on Resume

1. BS in Statistics with 3 years of Experience

  • Fundamental foundation in financial spreading software
  • Formal credit training and exposure to banking regulations 
  • Strong verbal and written communication skills
  • Strong credit analysis and accounting background
  • Ability to analyze financial information
  • Strong client relations skills and high degree of attention to detail
  • Excellent verbal, written, and interpersonal communication skills
  • Self-motivated with strong desire to succeed
  • Must have knowledge of operating laser-pro software and familiar with laser-pro documents.
  • Maintain a high level of company and customer confidentiality.

2. BS in Risk Management with 5 years of Experience

  • Excellent customer service and problem solving skills
  • Strong communication skills, both verbal and written
  • Ability to perform effectively in fast-paced environment and meet deadlines
  • Knowledge of Microsoft Office products, especially Word and Excel
  • Complete all required compliance training by established deadlines
  • Ability to maintain confidentiality and strong Business Development
  • Ability to expand loans, client relationships and cross sell bank products
  • Familiarity with the sales, loan processing and closing processes
  • Ability to multitask quickly and effectively
  • Good communication skills and management experience

3. BS in Marketing with 4 years of Experience

  • Experience in commercial lending within a financial institution.
  • Experience with real estate transactions and commercial and industrial loans.
  • Strong business development and credit risk assessment skills
  • Must have proven track record in business development
  • Maintains a continuing knowledge of changes in banking law and regulation
  • Strong knowledge of relevant computer software skills, such as Word and Excel
  • Must have outstanding influencing, interpersonal and communication skills, both written and verbal.
  • Ability to quickly forge strong working relationships is also essential.
  • C&I and CRE experience
  • Knowledge of bank policies, procedures, regulations, forms, departments, and products
  • Proven track record in business development

4. BS in Business Management with 3 years of Experience

  • Consumer lender looking to move to commercial is acceptable.
  • In-depth knowledge of loan policies and lending procedures.
  • Experience in advising loan applicants and assessing loan applications.
  • Extensive experience in reviewing financial information.
  • Ability to collaborate with senior managers and external stakeholders.
  • Advanced ability to negotiate payment plans and report delinquincy.
  • Ability to train and supervise loan administrators, as well as liaise between departments.
  • Excellent organizational and communication skills.
  • Ability to operate necessary office equipment.
  • Excellent organizational skills.
  • Excellent oral and written communication skills with the ability to interact with high profile commercial loan customers.

5. BS in Real Estate with 7 years of Experience

  • Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. 
  • Have related experience and/or training, or equivalent combination of education and experience.
  • Must be flexible, able to prioritize
  • Willing to work with others on the Farmers Bank team to present a positive Bank image to all of the communities we serve. 
  • Must have exceptional verbal communication skills. 
  • Must be an excellent networker and brand ambassador, able to represent Farmers Bank well at all times. 
  • Must show communication skills, knowledge of the lending process
  • Knowledge of bank policies and procedures. 
  • Must be able to deliver the highest level of Farmers Advantage customer service. 
  • Good problem-solving and decision making skills.

6. BS in Banking and Financial Services with 5 years of Experience

  • Extensive knowledge of commercial lending policies and procedures.
  • Extensive knowledge of lending services and related areas.
  • Business development experience.
  • Technical/Functional Competencies and demonstrates good judgment.
  • Strong interpersonal skills and ability to work well with a wide range of people.
  • Ability to communicate well with customers by all means of communication including written, verbal, and non-verbal communication.
  • Willingness to accept additional responsibilities
  • Dependable and adheres to time lines and schedules.
  • Takes initiative in development and completion of projects.
  • Proficient PC experience using MS Office products (Word, Excel, Outlook) and retrieval of data
  • Can monitors economic conditions and drafts operational reports to the Board of Directors.
  • Broad knowledge of the lending function

7. BS in Economics with 5 years of Experience

  • Commercial banking experience, strong credit, and analytical skills, and knowledge of bank services
  • Proven experience in providing financial expertise, counsel, and customized solutions to business clients
  • Advanced knowledge of commercial real estate and C & I lending practices
  • Must have excellent business development skills with proven success in prospecting and building relationships to enhance commercial loan opportunities and entrusted to make quality credit decisions.
  • Demonstrates the ability to translate customer issues/needs into profitable business solutions.
  • Demonstrates expertise in networking and relationship building, increasing as shown by skills in business development, sales processes, and strategies.
  • Must be able to provide a proven track record as an individual contributor who has grown top-line results in a service-oriented business.
  • Working knowledge of automated financial systems
  • Ability to learn and adapt to new technologies quickly.
  • Must possess excellent communication skills, human relation skills and organizational skills.
  • Must possess management and supervisory skills.

8. BS in Business Administration with 7 years of Experience

  • Experience in commercial Loan and Business Development.
  • Proven success in business development evidenced by the generation of new business.
  • Experience with analyzing credit requests, collateral analysis, proper structuring and pricing of loans and loan recovery experience.
  • Ability to work independently and as a member of a team.
  • Ability to provide information in concise verbal and written formats.
  • Strong commitment to customer service and community involvement.
  • Leadership and supervisory experience 
  • Possesses computer competencies (Microsoft Excel and Word, along with other bank specific platforms and programs).
  • Solid foundation in credit skills, finance and accounting.
  • Thorough knowledge of Federal and State regulations covering commercial banking activities.

9. BS in Accounting with 5 years of Experience

  • Demonstrated leadership proficiency and ability to motivate and work with a client-centered team.
  • Strong computer literacy, including Microsoft Office. 
  • Demonstrated ability to efficiently learn new programs and to proficiently use and interpret data provided by software tools.
  • Seeks out and participates in ongoing education to maintain credit proficiency and mitigate the risks of credit facilities.
  • Demonstrated superior customer care and client retention skills.
  • Proactive to build and maintain positive relationships internally and cross-departmentally.
  • Ability to ensure all team resources are aligned with clients’ overall needs.
  • Demonstrated excellent time management and organizational skills.
  • Perform credit analysis and make sound conclusions based on lending policies and financial statement analysis mastery.
  • Proficient in Microsoft Office Suite products and Sageworks (Abrigo) loan processing software.

10. BS in Finance with 3 years of Experience

  • Have commercial Lending or related experience with an emphasis on C and I lending, SBA, CRE and construction loans
  • Solid background in financial institution operating policies and procedures, banking regulations (state and federal).
  • Knowledge of Commercial Loan structure and commercial credit standards required.
  • Effective use of sales techniques with a proven track record of meeting targets and closing sales
  • A broad professional level of knowledge and expertise in business banking and relationship sales.
  • Solid understanding and application of and ability to operate standard office equipment
  • Must have a well-established accounting, credit analysis and strong customer relations knowledge
  • Requires a full understanding of commercial real estate, knowledge of various real estate asset classes and market conditions
  • Must have an established network of customers and referral sources, and previous supervised credit training

11. BS in Marketing with 3 years of Experience

  • Experience as a credit analyst preparing credit write-ups for various types of commercial and real estate loans
  • Some experience in portfolio management
  • Professional and Executive Lending
  • Proficiency in Microsoft Word and Excel, certification
  • Thorough understanding of accounting principles and how to apply them in assessing cash flow
  • Thorough understanding of finance, including calculation of payments, rate, amortization, future value, and present value
  • Competent in accurately assessing borrower’s global cash flow on both a historical and pro forma basis, utilizing business tax returns and individual tax returns
  • Ability to spread, analyze, underwrite, structure, negotiate and close the basic transactions that the department encounters.
  • Thorough knowledge of commercial loan documentation and general commercial loan underwriting principles.
  • Ability to perform a high level of multi-tasking
  • Ability to work on numerous projects simultaneously, keeping those tasks moving forward in order to meet the expectations multiple advisors, client loan closing deadlines

12. BS in Business Management with 10 years of Experience

  • Progressively responsible experience in commercial lending and commercial banking required and a bachelor's degree with business focus
  • Formal commercial credit training
  • Strong working knowledge of appropriate credit structure and key factors of Bank policy guidelines related to assessing credit quality.
  • Demonstrated ability to assess a loan applicant risk profile and manage that credit structure and actively manage the risk inherent to lending.
  • Highly organized and proactive planner with strong time management skills
  • Strong verbal, written, and interpersonal communication skills
  • A desire to work within the community and offer solutions
  • Strong communication and negotiating skills.

13. BS in Real Estate with 5 years of Experience

  • Related experience and/or training or the equivalent combination of education and experience. 
  • Work related experience should consist of a financial analyzing or lending background. 
  • Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.
  • Advanced experience, knowledge and training in financial statement and tax return analysis typically resulting from a combination of education in accounting, financial and/or credit analysis or related areas.
  • Mastered experience, knowledge and training in all lending activities and terminology.
  • Mastered knowledge of commercial, construction, real estate and consumer loan processing.
  • Advanced knowledge of related state and federal lending and compliance regulations, and other Bank lending policies.
  • Proven ability to develop marketing and business development skills with customers.
  • Intermediate knowledge of branch operation procedures, Bank products and services.
  • Ability to read, analyze and interpret general business periodicals, professional journals, and technical procedures.

14. BS in Banking and Financial Services with 3 years of Experience

  • Possess a high level of analytical skills to assess and evaluate the operation of subordinate areas of responsibility
  • Ability to participate in establishing financial goals, analyze new products, and reviews legal opinions
  • Knowledge of lending policies and procedures, including state and federal regulations.
  • Strong financial, analytical and underwriting skills.
  • Extensive knowledge of lending services and related areas.
  • Positive attitude and excellent interpersonal skills
  • Attention to detail, strong understanding of Credit Analysis and Underwriting
  • Strong business development skills
  • Strong communication skills, both verbal and written and including in-person and via telephone or email.
  • Ability to set and meet priorities and work in a fast-paced environment.
  • Professional appearance and demeanor for interaction with public
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