Loan Officer
Organizational Information
At Farm Credit of Southern Colorado, we believe in creating a culture where teammates enjoy coming to work and feel included. We live this every day by enacting our FIRST principles, Fun, Integrity, Respect, Service, and Trust. Our commitment to our employees has earned Farm Credit of Southern Colorado recognition by the Colorado Springs Gazette a Best Place to Work for the past 4 years.
As one of the Farm Credit System’s associations, Farm Credit of Southern Colorado is a robust organization serving its member/owners in 31 counties throughout Southern Colorado. With over $1.6billion in assets, Farm Credit of Southern Colorado’s approximately 100 staff members bring strength to its shareholders and communities. Farm Credit of Southern Colorado is a member-owned cooperative that provides a wide range of financial products and risk management services for agricultural producers, agribusinesses, land owners and rural homeowners.
Today, the Farm Credit System is one of the strongest, most financially sound lending institutions in the U.S. Its 59 institutions serve our country’s farmers and ranchers, rural America, and agribusiness.
Position Summary:
The Loan Officer I develops and maintains relationships with borrowers, identifies financial tools which provide value to borrower’s business, gathers complete loan applications, initiates loan origination and servicing processes, reviews credit write-ups, decisions, and loan actions within individual and team authority levels, and services financial loans.
Responsibilities:
Marketing and Relationship Management
Creates and maintains relationships with borrowers
Identifies opportunities to create new relationships
Communicates value of Association products and services to new and existing borrowers
Hosts events for new and existing borrowers
Attends conferences and events to market to new and existing borrowers
Loan Origination and Renewals
Interviews and gathers application information from borrowers
Initiates origination and servicing processes in loan software
Enters customer information, loan details and financial information into loan software
Delegates work to Credit Support Specialists
Collaborates with supervisor and peers to discuss options available for borrowers
Contacts external parties to finalize details for loan closing
Orders and reviews appraisals
Informs borrowers of loan decisions
Credit Analysis
Verifies completeness and accuracy of loan package and financial information presented by borrowers
Reviews financial analysis and credit write-ups
Identifies risk rating
Approves loans within individual and team authority levels
Refers loans outside credit authority levels to the Central Loan Committee
Loan Closing
Reviews loan documents prior to closing
Administers loan closings to ensure complete execution of loan documents
Delivers executed documents to Operations Team
Portfolio Monitoring and Servicing
Monitors loan portfolio for customer delinquency
Addresses loan delinquency according to established policy and procedure
Responds to customer requests and questions related to loans
Collects annual financial information and initiates annual financial reviews
Evaluates borrower collateral/chattel annually
Approves servicing actions within delegated authority
Chattel Evaluations
Inspects and evaluates collateral to identify condition, accessibility and marketability
Researches comparable sales
Documents findings
Coordinates chattel inspections & appraisals with Appraisal department
Education
Completes continuing education related to credit philosophies, policies and procedures, and regulations
Completes training regarding Association or software/hardware changes
Minimum Qualifying Characteristics:
Bachelor’s degree in agriculture, business administration, finance, accounting or related field, or an equivalent combination of education and experience sufficient to perform the essential functions of the job
Driver’s license required
General knowledge of agricultural operations
General knowledge of agricultural markets
General knowledge of financial statements and mathematical concepts
Working knowledge of accounting principles, practices and methods
Working knowledge of Word/Excel/PowerPoint/Outlook sufficient to create, update and save basic documents
Skill in oral and written communication, sufficient to exchange information effectively with peers, supervisor and borrowers
Skill in establishing and maintaining productive relationships within and outside of organizations
Skill in gathering, compiling and organizing information
Skill in listening closely to understand the speaker’s intent
Skill in interacting and working effectively with others
Skill in focusing and concentrating on details
Skill in applying processes and procedures to factual data to make a logical decision
Skill in reasoning persuasively
Farm Credit of Southern Colorado is an Equal Opportunity Employer dedicated to diversity in the workplace and offers a great work environment. All qualified applicants will receive consideration for employment without regard to race, color, age, religion, sex, national origin, disability, or protected veteran status.
The following information is disclosed in compliance with the Colorado Equal Pay for Equal Work Act. Similar positions applied for outside of Colorado will not necessarily receive the same compensation.
Salary Range: $75,000-$120,000. Seniority and accompanying compensation will be dependent upon level of experience and knowledge.
This range is a good-faith and reasonable estimate of the range of possible compensation at the time of this posting. Actual salaries could vary and may be above or below the range as permitted by Colorado Equal Pay Transparency Rule 4.1.2. Variation is based on various factors including but not limited to location, qualifications, experience, operational needs and other considerations permitted by law. In compliance with the Colorado Equal Pay for Equal Work Act, a potential new employee’s salary history will not be used in compensation decisions. In addition, benefits for this position include medical, dental, vision and life insurance, 401k, tax advantage accounts, paid vacation, sick leave and parental leave.
FINAL DATE FOR APPLICATION: Until the position is filled.