Posted 28 days ago
Agricultural / Commercial Loan Officer
AI Summary
A Loan Officer at Dakota Western Bank manages credit relations for agriculture, business, and individual clients by analyzing financials, determining loan eligibility, establishing credit terms, monitoring repayments, and advising customers.
About this role
Dakota Western Bank is seeking a full-time Loan Officer to join our team, serving our Regent branch. This position manages credit relations with agriculture, business, and individuals. As a Loan officer, you will work with DWB customers to analyze their financials, needs, desires, abilities, and earnings to determine whether a loan may be acceptable.
Key Responsibilities:
- Interviews loan applicants and collects and analyzes financial and related data
- Establishes terms under which credit will be extended, including the costs, repayment method, repayment schedule, and collateral requirements.
- Monitors loan repayment activity
- Advises customers, where possible, concerning business management and financial matters.
- Serves as a member of the Loan Committee, which makes presentations and evaluations of loan requests
Requirements are a general knowledge of business, financials, and economics, with a high level of analytical ability to determine loan analysis, market trends, credit/interest rates, economic conditions and trends, and other factors.
