Lending Officer jobs in Syracuse, NY
Lending Officer conducts lending activities for an assigned market or geographic area. Develops a pipeline of customers through referrals, inquiries, and outreach. Being a Lending Officer performs a due diligence review of potential borrowers, including a risk and financial analysis. Structures loan proposals, prepares credit memos, and presents to loan committee for approval. Additionally, Lending Officer may manage a portfolio of existing loans, including reviewing financial reporting, monitoring compliance with loan terms, and handling loan modifications or workouts. Ensures adherence to regulations, bank credit policies, and procedures. Typically requires a bachelor's degree. Typically reports to a manager. The Lending Officer work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Lending Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Lending Officer jobs
Vice President Business Lending
- Empower Federal Credit Union
-
Syracuse, NY
FULL_TIME
-
Purpose:
At every stage of life, positively impact members by providing affordable financial services.
Empower Federal Credit Union offers excellent benefits including:
Medical and Dental Insurance, 401K with Employer Match, Holiday Pay, Paid Time Off and more!
Please note: All candidates will be subject to a credit check to determine employment eligibility.
Role:
The Vice President of Business Lending is a pivotal leadership role responsible for driving growth in small to mid-size business lending within the credit union's membership base. The ideal candidate will be a strategic thinker with a strong financial industry background, exceptional leadership skills, and a deep understanding of business lending practices.
Reporting directly to the Chief Lending Officer, this role will work closely with other members of the senior leadership and other members of Lending. The credit union is headquartered in Syracuse, New York and requires a minimum of 5 days in office per month on a hybrid-schedule.
Essential Functions & Responsibilities:
Operational Oversight & Loan Portfolio Management (40%)- Develop and implement long and short-term growth strategies for the business lending team
- Develop business relationships leading to member business loans in line with credit union objectives.
- Maintain and grow a quality credit portfolio.
- Oversee the negotiation, structure, and underwriting business financing arrangements.
- Price and, if applicable, sell Empower FCU products in alignment with credit union objectives.
- Coach team to maintain contacts with key centers of influence, to develop a prospect pipeline.
- Deploying initiatives to support strategic plan for business lending.
- Experience developing product lines to support non-real estate commercial lending.
- Recommend product diversification strategy.
- Identify new markets and create service delivery expansion plan.
- Lead, mentor, and manage a business lending team, providing guidance, training, and support for consistent exceptional service and goal achievement.
- Promote a culture of integrity, promoting a team ethic aligned with Empower’s mission, purpose, values, and short- and long-term lending goals.
- Work with direct and indirect reports to monitor work processes and response times, ensuring staff deliver quality member service and actively support the culture.
- Set performance expectations and goals, establish metrics, and monitor individual and team performance to drive results and meet lending targets.
- Foster a positive and collaborative work environment, promoting teamwork, professional development, and employee engagement.
- Actively participate in civic and community activities to enhance the credit union’s image and visibility.
- Partner with community impact teams to cultivate funding grants for small business lending initiatives.
- Establish and develop business relationships to promote the credit union’s business lending.
- Interface with members for addressing questions, concerns, and unresolved issues.
- Provide leadership and guidance in developing effective accountability systems linking individual, departmental, organizational, and Credit Union-wide priorities, goals, and objectives.
- Proactively identify lending opportunities within the community through relationship building and market research.
- Serve as the primary point of contact for large or complex loan requests, conducting thorough financial analysis and risk assessments.
- Develop and maintain strong relationships with borrowers, realtors, builders, and other key stakeholders, actively promoting the bank's lending products and services.
- Stay updated on industry trends, regulations, and competitive market conditions to drive innovation and ensure competitiveness in lending offerings.
- Ensure the team and direct reports comply with all lending regulations, specifically member-business lending regulations.
- Ensure compliance with lending regulations, including the Fair Lending Act and Community Reinvestment Act (CRA).
- Collaborate with legal and compliance teams to develop and implement effective controls, policies, and procedures to mitigate lending risks.
- Provide guidance and support to loan officers on compliance and regulatory requirements, conducting periodic training and assessments.
- Monitor competitive environment activities, staying current on industry trends to support the Chief Lending Officer (CLO) in industry leadership.
- Work with collaboratively across all departments, CLO, and management staff to ensure effective lending products and services are available, delivered by well-trained, engaged, and knowledgeable staff, taking timely responsive action where appropriate.
Knowledge and Skills:
Experience: Ten years to fifteen years of similar or related experience including:- 10 plus years of business lending experience
- Experience in lending to a broad range of businesses, industries and using a variety of loan types, including SBA 7a, USDA
- Experience with understanding and analyzing financial statements and tax returns
- Excellent negotiation skills and ability to build trust quickly
- Distributes qualities of strong leadership which align with Empower FCU Strategic Pillars and Values
- Must be registered with the Nationwide Mortgage Licensing System (NMLS) within 30 days of hire and comply with the SAFE Act regulations.
Interpersonal Skills: Work frequently involves exercising advanced conflict resolution, giving material presentations, and resolving issues impacting multiple departments or divisions. Role also requires the ability to motivate or influence others as a material part of the role, with a significant level of diplomacy and trust. Obtaining cooperation (internally and/or externally) is an important part of the role and a high level of interpersonal skills is critical to the success of this position.
Other Skills: Must have in-depth understanding of and ability to interpret regulations affecting lending programs. Extensive knowledge of consumer, commercial and real estate lending practices and procedures. Should be able to run spreadsheet and word processing software.
This role may be right for you if you enjoy seeking out and building new business relationships and leading business efforts with professional excellence. You pride yourself on keen awareness of business principles and your ability to tailor solutions to needs. Your previous employers praise your ability to think creatively about new business generation, and your previous co-workers talk about your relentless optimism and strong drive to make a difference. Your friends consider you a great encourager and coach, and your family is proud of your passion in meeting community needs with foresight and goodwill.
Physical Requirements: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit or stand for long periods at a time, use hands to finger, handle, or feel, and to talk or hear. The employee is occasionally required to stand; walk; reach with hands and arms; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 50 pounds.
Work Environment: The work environment is dynamic and collaborative, fostering ability to use your experience, team-building skills, creativity and innovation. Team members enjoy a supportive atmosphere where professional growth and development are encouraged. As the position involves building and maintaining relationships with business members, some travel may be required to meet members, attend industry events, and explore new business opportunities. The credit union values work-life balance and provides flexible arrangements, when possible, to accommodate the needs of its dedicated team. While in-office noise is usually moderate.
This Job Description is not a complete statement of all duties and responsibilities comprising the position.
Empower Federal Credit Union (EFCU) and its affiliated companies know employees are our greatest asset. We take pride in our commitment to member service, teamwork, and excellence. We offer employees a work environment designed to encourage personal and professional development.
Empower Federal Credit Union is an equal opportunity employer and does not discriminate on the basis of any legally protected status or characteristic including race, religion, ethnicity, color, national or ethnic origin, age, sex, sexual orientation, gender identity or expressions, transgender status, sexual or other reproductive health decisions, marital status, ancestry, citizenship status, physical or mental disability, genetic information/ predisposition or carrier status, status in the uniformed services of the United States (including veteran status) or any other basis protected by applicable national, federal, state, provincial or local law. Our equal employment opportunity policy statement, the EEO is the Law Poster and Supplement, and Pay Transparency Nondiscrimination Provision reaffirm our commitment.
Empower Federal Credit Union is committed to equal opportunity to qualified persons without regard to basis of race, religion, ethnicity, color, national or ethnic origin, age, sex, sexual orientation, gender identity or expressions, transgender status, sexual or other reproductive health decisions, marital status, ancestry, citizenship status, physical or mental disability, genetic information/ predisposition or carrier status, status in the uniformed services of the United States (including veteran status) or any other basis protected by applicable national, federal, state, provincial or local law. Empower Federal Credit Union will make reasonable accommodations for known physical or mental limitations of otherwise qualified employees and applicants with disabilities unless the accommodation would impose an undue hardship on the operation of our business. If you are interested in applying for an employment opportunity and feel you need a reasonable accommodation pursuant to the ADA, please contact us through one of the methods listed below:
a) Fax: 315-455-5423
b) US Mail: 1 Member Way Syracuse, NY 13212
c) Phone: 800-462-5000 - 1 Month Ago
Home Lending Professional - Jefferson County
- Northern Credit Union
-
Watertown, NY
FULL_TIME
- Position Objective: While exhibiting Humble, Hungry, and People Smart Virtues, the Home Lending Professional is responsible for generating and increasing the mortgage loan portfolio by developing busi...
- 28 Days Ago
Banking Officer, Compliance Officer
- Solvay Bank
-
Syracuse, NY
OTHER
- At Solvay Bank, our formula for success combines the traditions of our culture and a sharp strategic vision. We are a growth-oriented community bank that fosters excellence, pride, teamwork and engage...
- 1 Month Ago
Security Officer
- Turning Stone Enterprises
-
Chittenango, NY
FULL_TIME
- $17.00/hour *Security License is NOT required* **Evening and Overnight Shifts Available** At Yellow Brick Road Casino and Turning Stone Enterprises, our top priority is the safety and security of both...
- 13 Days Ago
Police Officer
- US Veterans Health Administration
-
Syracuse, NY
FULL_TIME
- Duties Protects the civil rights of all individuals on VA controlled property; Prevents, detect and investigate crimes; Patrols assigned areas on foot or by motor vehicle; Subdues persons causing dist...
- 15 Days Ago
Court Officer
- NYS Courts
-
Syracuse, NY
FULL_TIME
- Work for the NYS Courts. Become a Court Officer. Take the Court Officer Exam. Sign-up January 3 to February 14.Job Description:New York State Court Officer-Trainees are peace officers required to wear...
- 15 Days Ago
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0 Lending Officer jobs found in Syracuse, NY area
Financial Advisor
- Prudential Financial
-
Syracuse, NY
- Prudential Advisors is looking for driven, motivated self-starters in the Syracuse area that are interested in a career ...
- 4/18/2024 12:00:00 AM
Financial Services Professional
- Bankers Life
-
Syracuse, NY
- Bankers Life, one of the most respected brands in the Financial Services industry, is seeking ambitious individuals to g...
- 4/18/2024 12:00:00 AM
Branch Supervisor I- Western Lights
- Empower Federal Credit Union
-
Syracuse, NY
- Role: To direct and mentor the staff to provide quality consultative member service to ensure members needs are met. Mis...
- 4/17/2024 12:00:00 AM
Faculty - DC Biochemistry and Physiology
- Northeast College of Health Sciences
-
Seneca Falls, NY
- Job Description Job Description TITLE: Faculty PROGRAM: Doctor of Chiropractic – Biochemistry and Physiology DIVISION: A...
- 4/17/2024 12:00:00 AM
Title Searcher/Abstractor I
- Vanguard Research & Title Services, Inc.
-
Syracuse, NY
- Job Description Job Description Are you the most consistent and patient researcher you know? Do you thrive on systematic...
- 4/17/2024 12:00:00 AM
Office Manager
- OneSource Financial
-
Auburn, NY
- Job Description Job Description Seeking an experienced manager to fill our Office Manager role. Candidate is responsible...
- 4/17/2024 12:00:00 AM
Experienced Financial Advisor
- Prudential Financial
-
Syracuse, NY
- Prudential Advisors is looking for an experienced financial professional in the Syracuse area that is interested in work...
- 4/17/2024 12:00:00 AM
Title Searcher/Abstractor I
- Vanguard Research & Title Services, Inc.
-
Syracuse, NY
- Job Description Job Description Are you the most consistent and patient researcher you know? Do you thrive on systematic...
- 4/17/2024 12:00:00 AM
About Syracuse, New York
Syracuse is located at 43°2′49″N 76°8′40″W / 43.04694°N 76.14444°W / 43.04694; -76.14444 (43.046899, -76.144423). It is located about 87 miles (140 km) east of Rochester, 131 miles (210 km) east of Buffalo,and 150 miles (240 km) west of the state capital Albany. It is also the halfway point between New York City and Toronto, about 245 miles (390 km) from each, Toronto to the northwest and NYC to the southeast.
According to the United States Census Bureau, the city has a total area of 25.6 square miles (66 square kilometres), of which 25.1 square miles (65 square kilometres) is land and 0.6...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Lending Officer jobs
$48,000 to $63,570
Syracuse, New York area prices
were up 1.5% from a year ago
were up 1.5% from a year ago
What does a Lending Officer do?
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When a client’s profile doesn’t fit the bank’s requirements, Loan Officers are the ones who inform Managers.
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Sometimes, even if some aspects of the business are going well, a client will struggle to repay the loan.
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Managers are also expected to lead and direct loan officers, developing their skills.
February 18, 2020