Business Loan Officer bei Credit Union 1

This Business Loan Officer play’s a key role in supporting Credit Union 1’s commitment to helping Alaskan businesses thrive. This position manages the full life cycle of business loans, including business development, underwriting, credit and financial analysis, risk rating, processing, servicing, and portfolio management. This role requires a balance of financial expertise and relationship management, ensuring that members receive personalized solutions while maintaining sound risk management practices. Business Loan Officers act as trusted advisors to local business owners, providing guidance, resources, and access to products that support growth and long-term success.

This position is based out of our Anchorage Headquarters (1941 Abbott Rd.) and is open to a Hybrid work schedule.

Pay Range: $75,364 - $107,488.

This position closes on September 26 at 5:00pm AKST. 

ESSENTIAL JOB FUNCTIONS:

Loan Origination and Portfolio Management:

• Conduct interviews, accept applications, and process preliminary documentation for business loan requests.
• Discuss loan alternatives, credit criteria, interest rates, and loan documentation to identify appropriate solutions for members.
• Develop and maintain primary prospect lists within assigned territory.
• Analyze and evaluate loan requests and prepare written submission for approval by the Business Lending Committee and other designated authorities. Negotiate terms and conditions within assigned parameters.
• Conduct collateral inspections and desktop appraisals as assigned.
• Monitor loan performance, including renewals, maturities, and annual reviews to ensure timely completion and proper risk rating.

Member and Business Relationships:

• Provide business financial consulting and lending services to business members.
• Educate borrowers of business loan products as well as other beneficial products offered by the credit union such as treasury management, business accounts, merchant services, etc.
• Meet with applicants whose loans are denied and provide education and guidance for future approval opportunities.
• Build and maintain relationships with business professionals, community organizations, and industry partners.

Internal Collaboration and Communication

• Coordinate with related departments, branches, and Business Services personnel to ensure effective loan processing and service delivery.
• Keep management informed of area activities and of any significant problems.
• Attend and participate in meetings and committees as required.
• Complete required reports and records.
• Participate in special projects as assigned.

Compliance and Professional Development:

• Stay informed regarding changes in lending standards and related legal requirements.
• Maintain a strong knowledge of the credit union’s business lending policy, standards, and procedures, and commit to the role of enforcing them as best as possible.
• Learn and attain proficiency using Credit Union 1’s core system, spreading software, information database, and other technology-based solutions.
• Responsible for monitoring clients within assigned portfolio to identify deteriorating credit conditions and compliance with loan agreements.
• Monitor high risk loans via established standards.
• Assist with gathering data, reports, and communicating with reps during NCUA Examination’s, State Examinations, and internal Audits as assigned.
• Assist in training business lending staff and other teams as necessary.

QUALIFICATIONS:

Minimum qualifications:

• High school diploma or equivalent.
• Two or more years of experience in consumer lending, commercial lending, or business lending.
• Strong organizational and project management skills, with the ability to prioritize and manage multiple initiatives and build effective business relationships.
• Demonstrated ability to drive business growth, improve efficiency, and achieve lending targets.
• Experience and interest in community development, business development, and networking.
• This position is responsible for abiding and complying with the policy for compliance with the Bank Secrecy Act and anti-money laundering laws and regulations (BSA/AML) and the policy for compliance with office of foreign assets control laws and regulations (OFAC).

Preferred qualifications:

• Bachelor’s degree in finance, economics, accounting or other related field.
• Proficiency in financial statement spreading and analysis, tax return analysis, covenant monitoring, annual reviews, watch reviews, risk rating analysis, and portfolio management.
• Prior experience with lending systems and software such as LaserPro and Symitar.
• Understanding of NCUA Regulation Part 723 and other business lending regulations.
• Experience in credit analysis, underwriting, and portfolio management within commercial or business lending.
• Familiarity with Alaska’s economic landscape, industries, and unique business needs is highly desirable.

Please note: Credit Union 1 does not provide relocation assistance. If selected for an on-site position, candidates will be responsible for relocating to Alaska prior to the agreed upon start date at their own expense. 

To be eligible for this position, applicants must be legally authorized to work in the United States without restriction.  Credit Union 1 does not provide visa sponsorship.

Only applicants who meet the minimum requirements for this position will be considered for an interview. This position closes on September 26 at 5:00pm AKST.

Thank you for your interest in the opportunity with Credit Union 1!

Background Screening Statement: Candidates selected for a position at Credit Union 1 will be subject to a criminal background check prior to their employment. An offer of employment may be rejected or terminated based on receipt of an unacceptable background screening.  

EEO Statement: Credit Union 1 provides equal employment opportunities to all employees and applicants for employment, prohibiting discrimination and harassment of any type without regard to race, color, religion, sex, age, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identify or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

E-Verify Statement: Credit Union 1 participates in E-Verify and will provide the federal government with your form I-9 information to confirm that you are authorized to work in the U.S. If E-Verify cannot confirm that you are authorized to work, Credit Union 1 is required to give you written instructions and an opportunity to contact Department of Homeland Security (DHS) or Social Security Administration (SSA) so you can begin to resolve the issue before Credit Union 1 can take any action against you, including terminating your employment. Employers can only use E-Verify once you have accepted a job offer an completed the Form I-9. For more information on E-Verify, or if you believe that Credit Union 1 has violated its E-Verify responsibilities, please contact DHS at 888-897-7781 or dhs.gov/e-verify.com