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Loan Officer- La Junta, CO

Company: Farm Credit Council
Location: Colorado Springs
Posted on: January 27, 2023

Job Description:

Farm Credit of Southern Colorado (FCSC) is seeking a Loan Officer to join our team. The chosen candidate will be an exempt employee who 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 loan actions within individual and team authority levels, and services financial loans.

Today, the Farm Credit System is one of the strongest, most financially sound lending institutions in the U.S. Its 67 institutions serve our country's farmers and ranchers, rural America and agribusiness.



Organizational Information

As one of the Farm Credit System's associations, Farm Credit of Southern Colorado is a robust organization serving 1,300 member / owners in 31 counties throughout Southern Colorado. Over $1 billion in assets, Farm Credit of Southern Colorado's approximately 80 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, and farmland and rural homeowners. FCSC strives to provide a culture and environment that values fun, integrity, respect, service and trust.



Position Summary:

The Loan Officer will be responsible for achieving growth of loan portfolio in assigned territory through professional marketing and visibility, while creating and maintaining existing lending relationships. They will also be able to identify opportunities to create new relationships by leveraging Agricultural producer networks and referrals to build relationships to achieve business results. The chosen candidate must be able to communicate the value of Association products and of doing business with Farm Credit.

The Loan Officer processes, analyzes, and services a moderate to high volume of mortgage and commercial loans of various sizes. Works collaboratively with functional teams within the organization.

Our ideal candidate values relationships, respects the knowledge and talents of others, and works as part of a professional team to provide high quality customer service.



Essential 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



Data Security and Confidentiality

* Appropriately protects the confidentiality, security, and integrity of the Association, employees, borrowers, and other stakeholders



Qualifying Characteristics:

Seniority and accompanying compensation will be dependent upon level of experience and knowledge.

  • Driver's License
  • Knowledge of agricultural operations
  • Knowledge of agricultural markets
  • Knowledge of financial statements and mathematical concepts
  • Knowledge of financial structuring and loan products
  • Knowledge of accounting principles, practices and methods
  • Knowledge of credit administration and portfolio management procedures
  • 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 the organization, borrowers and vendors
  • Skill in gathering, compiling and organizing information
  • Skill in listening closely to understand the speaker's intent
  • Skill in listening and conveying awareness of a borrower's problem or issue to find resolution
  • 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 to sell or promote financial services and products




    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, 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: $51,000-150,000

    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: December 29, 2022.

    PLEASE EMAIL RESUME AND COVER LETTER TO:

Keywords: Farm Credit Council, Colorado Springs , Loan Officer- La Junta, CO, Other , Colorado Springs, Colorado

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