Senior Commercial Loan Officer

Job Details

Job Location:

Mountlake Terrace
- Hybrid Remote
- Mountlake Terrace, WA 98043

Position Type:
Full Time

Salary Range: $ - $ per year

Job Category:
Banking

The Senior Commercial Loan Officer is responsible for providing professional commercial lending services to existing and prospective bank clients. The Senior Commercial Loan Officer is expected to achieve production and customer calling goals and properly manage their assigned loan portfolio.

Bachelor’s degree preferred, plus a minimum of 10+ years of progressively responsible commercial lending experience.

Trustworthiness and sensitivity are essential. Skill competencies required include, but are not limited to:

• Underwrite credit requests, determine appropriate loan structure, and present proposed loan requests for approval.
• Prepare professional Credit Write‑Ups for review by Commercial Team Lead, Credit Administration, and Loan Committee.
• Assess and grade credit risk, debt service capacity, and ratio analysis.
• Understand financial statements including balance sheets, income statements, and statement of cash flows.
• Excellent relationship building and interpersonal skills.
• Strong customer focus.
• Strong organizational and multi‑tasking skills in a fast‑paced environment.
• Excellent verbal and written communication skills.
• Excellent proofreading skills with a strong attention to detail.
• Ability to work both independently and as a team player.
• Practice flawless ethical behavior and understand the need for confidentiality.
• Information Technology knowledge is a plus.
• Must have a valid driver’s license and access to an insured vehicle.
• Ensure compliance with regulatory requirements, including the Bank Secrecy Act.

• Responsibility #1:
  Loan Production and Maintenance
  • Originate, underwrite, and service a portfolio of commercial banking relationships and cross‑sell other banking services when appropriate.
  • Monitor existing loan portfolios to maintain a high‑quality asset base and assist in the collection of past‑due loans.
  • Negotiate renewals of credit facilities and recommend approval of loan payments, construction draw requests, draws from lines of credit, and fund transfers with specified limits.
• Responsibility #2:
  Credit and Borrower Analysis
  • Screen potential commercial borrowers by analyzing their business plan, strategies, projections, historical financial statements, and business results.
  • Meet with existing customers and prospects through various methods to discuss business needs and recommend solutions.
  • Work with Credit Analysts to accurately review prospective borrower requests and coordinate processing of approved loans.
  • Test financial loan covenants and prepare annual term loan reviews.
  • Ensure all loan documents are correct, signed, and recorded/perfected.
  • Ensure all supporting documentation is complete and signed where necessary.
• Responsibility #3:
  New Business Development / Community Outreach
  • Engage in business development activities and solicit new high‑quality loan and deposit business to achieve volume and/or production goals.
  • Represent Sound Community Bank at community functions and professional/civic groups to enhance the bank’s image and visibility.
• Responsibility #4:
  Continuing Education
  • Update job knowledge by participating in educational opportunities, maintaining personal networks, and participating in professional organizations.
• Other duties as assigned. Each employee contributes to the success of Sound Community Bank and must have an overall understanding of department operations and regulatory compliance.

Compensation

• Salary is dependent on experience: $ – $ per year.

Health and Retirement Benefits

• Health, dental, and vision insurance plans for employee and dependents.
• Employer‑paid group life and AD/D insurance.
• Wellness program discount towards medical insurance premiums and Employee Assistance Program.
• 401(k) plan options with up to 3.5% employer match and Employee Stock Ownership Program (ESOP).
• Voluntary benefits: HSA, voluntary life and AD/D, accident plan, critical illness coverage, short‑term and long‑term disability, FSA, and dependent care account.

Time‑off Benefits

• Two weeks paid vacation.
• Paid…