Job Description

COMMERCIAL BANK OFFICER I 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 not for profit and owned by our members. Our members work for Stanford University, Stanford Hospital, Google, Facebook, Amazon and other amazing companies—and we provide them with the most generous financial benefits in our industry. 

Stanford FCU is a small company with a global reach—75,000 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!

In accordance with the Credit Union’s policies and procedures, the Commercial Banking Officer I (CBO) is a junior underwriting position. This person must have experience in credit analysis, including spreading of financials, market research and assessing risk ratings.  CBO I will be responsible to underwriter small business loans, business credit cards, and participation purchases. This position will also assist the portfolio managers in annual loan reviews, prepare the Paycheck Protection Program loans to submit to the SBA for loan forgiveness.  The CBO I may maintain a small portfolio of participation loans and small business loans.  This person must be able to work independently under the supervision of the CBO III.

WHO YOU ARE: 

• Minimum five (2) of commercial lending and underwriting experience, including loan review and commercial and retail collections. Also requires a working knowledge of loan restructures and collections, bankruptcy and foreclosure laws, along with a general understanding of legal proceedings. 
• Bachler degree, or equivalent, from a 4-year college or university in Accounting, Finance, Business Administration or similar field. Certificate in commercial lending and financial analysis a plus.
• Ability to independently assess and analyze complex loan proposals, structures and financial statements 
• Makes recommendations based on analysis derived and deducted from a solid understanding of credit risk
• Working knowledge of financial products/services and loan policies/products
• Knowledge of related laws and regulations
• Proficient in word processing and spreadsheet skills
• Recognizes financial trends and patterns
• Be detail oriented and organized
• Lending analysis software skills
• Ability to maintain proper credit file documentation
• Ability to communicate and understand written and oral language
• Ability to effectively and clearly present complex commercial lending and credit risk related information to targeted audience
• Displays openness to others’ viewpoints and constructive criticisms
• Displays ability to follow instructions; especially the complex ones
• Ability to establish and maintain effective relationships
• Ability to make sound judgments with a minimum guidance
• Meets performance objectives based on goals, mission and values
• Synthesizes financial data into meaningful terms
• Strong analytical and decision making skills
• Ability to maintain existing profitable lending relationships
• Must be proficient in MS Word, MS Excel, and MS PowerPoint
• Working knowledge of the following programs is a plus
  1. Fiserv
  2. Bukers Tax Analysis
  3. Financial Tools
  4. nCino
  5. Co-Star

WHAT YOU’LL DO:

• Spread financial statements, prepare cash flow analysis and risk ratings
• Underwrite business credit cards, small business loans & participation loans.  Prepare and submit credit memo for approval
• Determine loan documentation file is complete and properly executed to ensure enforceability and ensure proper lien position
• Independently and accurately prepare annual loan reviews for portfolio managers
• Assist in projects undertaken by Credit Administration team
• Complete market and collateral research and assess desktop valuation to collateral
• Analyze and underwrite more complex credit request and memos for approval. Present deals to committee when necessary. Research market conditions and proper due diligence on all loan requests.
• Assist in processing loans for closing
• Understands and stays abreast of changes to SFCU Policy, Procedures, NCUA, Federal and State Regulations as it pertains to Credit Unions as well as BSA laws and regulation applicable to area of responsibility.
• Maintains current knowledge of general economic conditions or changing trends that may affect the Credit Union’s business loans.

SOME OF OUR BENEFITS FOR YOU:  

• 100% paid for employee medical/vision/dental/life insurance premiums. 
• Quarterly incentives 5% employer 401(k) matching
• Annual 401(k) profit sharing contribution
• Up to $500 per year in health/fitness benefits
• Employee recognition program with reward benefits
• Paid Sick Time and Vacation 
• Federal/banking holidays
• 8 free hours to serve the community 
• Paid CPE and professional license fees
• Ongoing training and education, seminars, conferences
• Employee discount loan program (auto/mortgage/credit card depending on eligibility)
• Flex health/transit plan availability

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.