Job Description
COMMERCIAL BANKING OFFICER II AT STANFORD FEDERAL CREDIT UNION!
WE’RE ON A MISSION TO IMPROVE FINANCIAL LIVES! If you’re a high-energy, compassionate, and collaborative individual yearning to make a difference, we need you on our team! Members really do come first at Stanford FCU because we’re non-profit and owned by our members. Our members work for Stanford University and some of the most innovative companies in Silicon Valley—and we provide them with the most generous financial benefits in our industry.
Stanford FCU is a $3.8 billion company with a global reach—81,000 members in 90 countries and growing! Come grow with us and see what it’s like to work for a Bay Area Top Workplace. As our CEO says, “we work hard, and we play hard”, and we need your help to improve even more financial lives!
WHO YOU ARE:
Are you that rare individual who has a passion for people and numbers? Then we might just be the right fit for you! Minimum of 2 years commercial/business underwriting experience and an enthusiasm for expanding client relationships. If you like variety in you day to day tasks and thrive in environment where collaboration and your opinions count than look no further, welcome to the SFCU Family.
- You can independently assess and analyze complex loan proposals, structures and financial statements.
- You can identify new business opportunities
- You can recognize financial trends and patterns
- You can make recommendations based on analysis derived and deducted from a solid understanding of credit risk.
- You thrive on being detail oriented and organized
- You can assess risk, analyze problems and propose solutions
- 4 years college degree
WHAT YOU’LL DO:
The Commercial Banking Officer (CBO II) is responsible for independently monitoring and analyzing assigned commercial loan portfolio, to proactively identify credit risk. Engaging members and expand relationships. The CBO II must demonstrate the ability to analyze each of the 5 C’s of credit. This position requires a strong commercial and business loan underwriting background.
- Responsible to maintain Service Standards – timeliness and accuracy – in all work-related interaction.
- Soliciting and development of new business from existing relationship by identifying the financial needs of those members. Responsible for negotiating pricing, developing proposed Borrowing and Loan Structure and presenting proposal for initial approval.
- Work closely with Business Development Officer to develop the client relationship and ensure a timely credit process.
- Coordinates and performs collection and recovery activity when needed.
- Other duties as assigned to achieve the goals of the department and the credit union.
- Maintains current knowledge of general economic conditions or changing trends that may affect the Credit Union’s business loans.
- Reviews financial information; make fully documented credit write-ups or other approval documents consistent with the Credit Union’s format, policies and procedures; determines sources and uses of funds; analyzes industry data, competitive factors, historical performance, ability to repay, collateral analysis, projected results, risks, and mitigating factors. Ensures write-ups or other approval documents contain a well-supported recommendation or decision; the risk rating is correct and supported; and the data and analytics used to support the decision are accurate and calculated correctly. Present recommendations and/or feedback to Credit Committee.
- Performs collateral evaluation, verifies asset valuations, performs asset verification, investigate credit history, and evaluates personal and business assets within SFCU policy and procedure as well as applicable NCUA regulations and federal laws.
- Performs financial reviews of client's financial condition (Tax Returns and Financial Statements) per Credit Policy guidelines including monitoring covenants and conditions pursuant to the loan documents. Takes a proactive approach toward resolution. Escalates potential credit issues to VP.
SOME OF OUR BENEFITS FOR YOU:
- Hybrid remote position
- 100% paid employee medical, dental, vision, life/AD&D and short-term disability insurance for the employee; 50% paid for dependent
- Quarterly incentives up to 10% of your salary (based on position)
- Employer 401(k) matching up to 5% plus additional annual discretionary contributions
- Education reimbursement up to $3,000/year
- Up to $500 per year in health/fitness benefits
- Up to $75 month toll reimbursement
- Employee recognition program with cash incentives
- Paid Sick Time accrues at two weeks per year
- Paid Vacation Time accrues at three weeks per year
- Paid Federal banking holidays (approximately 10 per year)
- Ongoing training and education, seminars, and conferences
- Loan rate discounts on some products (vehicle, mortgage and HELOC loans)
- Waived fees and deposit bonuses on Stanford FCU account
- Flex health/transit plan availability
- Employee Assistance Program with free benefits like counseling, help finding legal assistance and day care resources
IF YOU ARE READY FOR THIS EXCITING OPPORTUNITY (OR KNOW SOMEBODY WHO IS) PLEASE CONTACT US TODAY!
PLEASE NOTE: SFCU does not provide work visa sponsorship or accept visa transfers for any positions. Applicants that require work visa sponsorship or transfer will not be considered for employment. SFCU does not provide any relocation benefits for any positions.
STANFORD FEDERAL CREDIT UNION IS COMMITTED TO EQUAL EMPLOYMENT OPPORTUNITIES, AND A WORKPLACE THAT EMBRACES DIVERSITY AND INCLUSION FOR QUALIFIED INDIVIDUALS OF ALL BACKGROUNDS.