Commercial Loan Officer Job at Prospect Bank, Terre Haute, IN

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  • Prospect Bank
  • Terre Haute, IN

Job Description

Commercial Loan Officer Region: 06 – Terre Haute Reports To: President & CEO FLSA Status: Exempt Summary The Commercial Loan Officer (CLO) builds and maintains strong customer relationships while guiding applicants through the loan process—from application to closing and beyond. This role requires a solid understanding of commercial loan programs, underwriting principles, and deposit products to provide comprehensive banking solutions. The CLO ensures compliance with federal regulations and supports long-term portfolio growth. Key Responsibilities

  • Develop and maintain commercial lending relationships.
  • Collect and analyze financial information to support loan decisions.
  • Monitor credit quality and ensure adherence to bank standards.
  • Manage past-due loans, loan file exceptions, and delinquent collections.
  • Recommend charge-offs and oversee recovery of charged-off loans.
  • Ensure compliance with all applicable banking regulations.
  • Coordinate and develop loan products aligned with bank goals.
  • Maintain customer confidentiality and information security.
  • Assist with training and professional development for lending staff.
  • Prepare monthly loan portfolio reports for the Board.
  • Complete additional duties or projects as assigned by the Board or CEO.
Qualifications
  • Bachelor’s degree or equivalent experience (MBA preferred).
  • Minimum 5 years of related experience in commercial, consumer, and mortgage lending.
  • Strong critical thinking, problem-solving, and communication skills.
  • Knowledge of portfolio management, rate structures, and risk assessment.
Member FDIC Equal Opportunity Employer – We celebrate diversity and are committed to creating an inclusive environment for all employees. recblid u427v7r5wj2rkois537no0t7fy6if5

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