Loans Officer

Position Title: Loans Officer Reports To: Business Development Manager The loan officer is responsible for the organic growth of the branch loan portfolio by meeting and exceeding assigned monthly loan targets while mitigating and controlling delinquency. In doing so, it ensures portfolio growth and revenue generation of sales from an increased portfolio as well as penetrating the market share. Develops and administers customer and prospect relationships. Responsible for identifying relevant new business opportunities and designing "go-to-market" plans to deliver measurable and significant revenues. Pursues sales opportunities in the market and carries the baton at the beginning of the sales cycle. Description Responsibilities and Duties Interview prospective loan customers in and outside the branch to preapprove loan clients for various loan products. Analyze the applicant’s financial status, credit, and property evaluations to determine the feasibility of granting loans. Evaluate and assess the borrower’s business history, income sources and credit report, and the amount of debt he/she carries and payments. Determines if a borrower’s financial ratios, such as debt-to-income ratio, meet the company’s lending standards. For collateral loans, the Loan Officer is responsible for evaluating the asset's condition. Inform borrowers of loans approved or declined and inform customers of additional requirements required for loan assessment. Develop creative strategies to retain clients, including interviewing them to gather feedback and incorporate it into the growth plan. Researching the market to identify new business opportunities Explain to prospective clients the advantages of the products or services offered and following up with them to close the business deals Manage customer calls and appointments effectively for new opportunities Participate in industry forums, client discussions, and conferences as a representative of the organization Set up with the help of Marketing, desks at different organizations to promote the business as well as to get new leads for loan target growth. Any other reasonable duties assigned by the branch manager. Qualifications Education level & Experience A first degree in Business Administration or related field Minimum three years’ work experience in a similar or comparative position Proficiency in Microsoft Office Specific skills/Competency Excellent analytical skills Effective communication skills Unquestionable integrity and strong work ethic Sound decision making skills Ability to meet strict deadlines Results oriented Interested applicants are asked to submit a resume to careers@dollafinancial.com View Full Job Description