Business Banking Small Business Dev Officer

false false false EN-US X-NONE X-NONE
WECU is seeking a Business Banking Small Business Development Officer to join our Business Banking team located in Bellingham, WA. The position assists with the daily functions of the Business Banking department by interviewing members and underwriting all business banking products focusing specifically on business loans and business Visa accounts for less than $100,000. This position is responsible for assisting front line staff to provide custom credit union products and services to business members with specific or special needs. Maintains and manages up to a $5 million business loan portfolio.

RESPONSIBILITIES:

• Provide technical and consultative assistance to member contact areas of the credit union regarding business banking services.
• Be the primary contact and assist Business Experience Officers with Business Visa requests over $25,000.
• Monitor workflow and suggest to management ways to make the process more effective and efficient.
• Manage business loan applications up to $100,000 for but not limited to vehicles, equipment, working capital, lines of credit, and business visas.
• Establish and service a sound loan portfolio by cultivating new and expanding existing business through an effective calling program. Regularly achieves and/or exceeds agreed upon benchmarks and annual goals.
• Build solid, profitable relationships with members/prospects.
• Participate in various community service or social organizations on behalf of the credit union.
• Analyze the credit history of applicants and determine their loan repayment capabilities.
• Negotiate credit terms, costs, repayment methods and collateral specifications within delegated authority with guidance from more senior loan officers and/or department management.
• Evaluate potential member loan requests and make recommendations to management and credit administration.
• Have a thorough knowledge of business lending policies and procedures.
• Ensure that all business loans are processed and underwritten correctly using knowledge and related procedures. Those items that do not conform should be underwritten and recommended for approval through the appropriate credit committee for the WECU portfolio.
• Foster and maintain cohesive partnerships and working relationships with all lines of business within the credit union to build a trusted and productive sales and service referral process.
• Knowledge of record-keeping compliance and related procedures.
• Remain current on changes within the legal, regulatory, economic, competitive, and technology environment that may affect business services lending functions.
• Comply with government regulations by maintaining an up-to-date knowledge of commercial law, UCC, and credit union regulations/policy to assure conformity with required laws and terms.
• Follows policy and procedures related to Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP) and Customer Due Diligence (CDD) daily to ensure compliance with current regulations.

*BSA Specific Requirements: Understand compliance and complete annual training related to the Business Banking Loan Officer position including, but not limited to, The Bank Secrecy Act and the Patriot Act. Understand Bank Secrecy Act forms and procedures for monitoring and reporting suspicious activity. Notify the Compliance Department of any suspicious activities.

• Other duties and projects assigned by management.
• Follows WECU's policies and all applicable laws and regulations.
• Performs other duties as assigned and may also assist others to complete tasks and work assignments.

QUALIFICATIONS:

• Four-year undergraduate degree with a field of study preference in Business Administration, Finance, Accounting or Economics.
• Zero to two years' commercial lending experience, with one to two years of experience in credit analysis preferred.
• Willingness and aptitude to develop ability to analyze commercial and consumer tax returns, financial statements, and collateral.
• PC experience to include Microsoft Windows, with the ability to learn new software.
• Analytical capacity to understand financial and cash flow analysis.
• Willing to develop familiarity with loan documentation requirements and government regulations.
• Working knowledge of safety and security programs for false alarms, robberies, bomb threats and extortion.
• Working knowledge of credit union's in-house computer system and business banking loan processing system.
• Ability to exercise judgment, initiative, and tact in dealing with members, management, and staff.
• Ability to represent the credit union in a positive, professional manner in person, on the telephone, and in written correspondence.

NOTE: Job descriptions are not intended, and should not be construed, to be exhaustive lists of all responsibilities, skills, efforts, or working conditions associated with a job.

COMPENSATION:

The salary range for this position is from $33.29 to $46.99 hourly.

WECU provides a comprehensive benefits package that includes medical, dental, and vision benefits, 401(k) retirement plan with an 8% annual contribution from WECU, bonus plan, two or more weeks of vacation, up to 11 paid holidays, paid life and disability insurance, annual wellness benefit, loan discounts, professional development, and much more.

ABOUT WECU:

WECU is a not-for-profit financial cooperative where members are encouraged to save and borrow responsibly at fair and competitive rates. Headquarters in Bellingham, WA, WECU has over 130,000 members and over $2.3 billion in assets.

It is WECU's mission to make a meaningful difference in the lives of our members. We strive to treat both members and staff with honesty and integrity and to be a socially responsible part of our community. WECU also endeavors to be an employer of choice.

WECU is an Equal Opportunity Employer that is committed to diversity and inclusion in the workplace. We make employment decisions based on merit and qualifications and seek to have the best qualified person in every job. WECU policy prohibits discrimination based on race, color, religion, creed, sex, gender, sexual orientation, gender identity, marital status, age, national origin, or ancestry, physical or mental disability, veteran status, genetic characteristics or information, or any other consideration made unlawful by federal, state, or local laws.