Bachelor’s Degree in Business Administration, Accounting, Finance or a similar field
Career Level:
Experienced
(Non-Manager)
Minimum Experience:
3 Years
Salary Range:
USD. 60,000 to 70,000/Per Year
Apply By:
Jan 07, 2016
Job Description:
Summary.Under the direction of the lending Department, provides information to customers regarding Bank loan policies; reviews and processes loan applications; approves or disapproves and disburses loans.
Essential Functions
Develop and manage a portfolio of commercial and real estate loans that are high credit quality.
Meet targeted return on investment requirements of the bank.
Serve the credit needs of the business community
Thoroughly processes loan applications and determines applicant’s ability to pay by reviewing application for completeness, reviewing the data request sheet and TRW, and calculating debt ratios and credit scores.
Calls customers to inform and explain the approval or denial of a loan request.
Prepares and mails denial letters to customers.
Additional Responsibilities.
Cross selling of bank deposit and fee income generating products and services
Credit administration and collection responsibilities for assigned customer relationships
Accepting other duties and responsibilities in support of the business objectives of the bank.
Skills Required
Required Education, Experience, and Skills.
Bachelor’s Degree in Business Administration, Accounting, Finance or a similar field
Proficiency in word processing and financial analysis software
Knowledge of Bank loan policies and procedures.
A minimum of three (3) years of commercial/consumer loan underwriting experience.
Company Name: Merchants Commercial Bank
Company Description: Merchants Commercial Bank is a Virgin Islands chartered, FDIC insured, boutique commercial bank bringing state-of-the-art internet and traditional banking services to the Virgin Islands community. Based in St. Thomas, U.S. Virgin Islands but also serving St. John and St. Croix, MCB works with businesses and individuals to craft financial solutions that fit their unique circumstances.
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