Job Description

  COMMERCIAL BANK 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 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!

The Commercial Banking Officer (CBO II) is responsible for independently monitoring and analyzing assigned commercial loan portfolio, to proactively identify credit risk.  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.

WHO YOU ARE: 

• Minimum five (2) to seven5) years in commercial and business underwriting as well as portfolio and credit risks management background.
• Bachelor’s 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.

WHAT YOU’LL DO:

• Uses Service Standards – timeliness and accuracy – in every work related interaction.
• Work closely with Business Development Officer to develop the client relationship and ensure a timely credit process.
• Assists the management in approving and managing the loan participation relationship with other financial institutions.
• Develops and strengthens existing commercial lending relationships through periodic portfolio servicing related interactions.
• 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.
• Processes and/or coordinates the closing of the loan within the predetermined deadline to ensure timely credit processing including, but not limited to, pre-documentation process, documentation process, funding process, etc.
• Independently and accurately completing the credit memo and any other credit risk analysis reports encompassing trend analysis, ability to repay, collateral coverage, potential risks and mitigation factors. Derives and present the well-supported recommendations based on the analysis to management for approval
• 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.
• Maintains follow up with existing members to ensure that the SFCU has timely and accurate financial information and covenant for purposes of loan monitoring and update of the Credit Union’s credit files.
• Spreads financial statements and tax returns to evaluate revenue and expense trends, financial health, and repayment capacity. Analyze and present the results in credit memo, annual loan review memo, and/or any other analysis report required.
• 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.
• Demonstrates initiatives and abilities to research and resolve problems.

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.