Loan Officer
Central Texas Farm Credit

JOB DESCRIPTION

Position: Loan Officer

Date: November 12, 2024

Location: Early, Texas

Salary: Range begins at $55,000 but is commensurate with experience and qualifications.

Central Texas Farm Credit offers a competitive salary, paid annual leave and sick leave, paid holidays, and a comprehensive benefits package which includes medical, dental, vision and life insurance, 401(k) with employer match, HSA contributions, employee incentive plan, corporate apparel, and much more!

Company Profile:

Central Texas Farm Credit is a full-service agricultural lender covering 20 counties in Central Texas with branch offices located in Brady, Brownwood, Coleman, Comanche, Haskell, San Angelo, and San Saba. We also have an administrative office located in Abilene. We have approximately $720 million in total assets which consists primarily of loans for livestock, crops and real estate. Central Texas Farm Credit is a member-owned cooperative that is well-capitalized with consistently strong earnings and credit quality. We have been a reliable source of credit to the farmers and ranchers of central Texas for over 100 years.

Job Purpose and Scope:

Recommends or approves loans in assigned territory within the limits of specific delegated authority. Develops and manages loan portfolios including loan originations in the trade area served by the association. Has some latitude for decision making; works under moderate supervision.

Essential Functions:

• Responsible for developing and marketing new business within their service area.
• Assists prospective and current borrowers with their credit needs and with formulating solutions to credit related issues.
• Makes and services leases, loans for operating equipment and real estate, and offering other related services such as cash management products and crop insurances within delegated authority and in accordance with association policies. Makes and/or conveys decisions on loan approval, structure and pricing. Responsible for exercising credit risk management responsibilities on loans within area of responsibility.
• Conducts simple to moderately complex credit analyses. Analyzes balance sheets, income statements, and cash flows of potential borrowers to ascertain creditworthiness. Maintains current, adequate and verified financial information on borrowers and guarantors as required by association policy.
• Performs loan servicing tasks, which may include partial releases, subordinations to mineral leases and right of ways, division orders, reamortizations, assumptions, severance agreements, insurance claims, additional advances, extensions and conversions.
• Ensures that all assigned loans are properly risk rated, assigned loss given defaults are correct and performance status assignments are proper.
• Complies with proper credit administration practices as outlined in the association's policies and procedures.
• Performs collections on assigned loans and assists senior-level staff and management with collections on all loans in the portfolio. Works with delinquent borrowers to obtain satisfactory loan performance.
• Assures that adequate insurance coverage is maintained as required by loan conditions and monitors ad valorem taxes to ensure that such taxes are paid on the security.
• May assist with the title examination process on perspective loans to ensure validity of liens on property pledged as collateral or security interest on chattels. Prepares loan closing packages and facilitates the loan closing process as required in accordance with all applicable association and FCA policies and regulations.

Summary of Desired/Required Education and Experience Requirements:

Bachelor's degree in Business Administration, Finance, Agricultural Economics, or a related field, or equivalent experience and two (2) or more years of experience as a loan officer or loan officer trainee.

If you meet the minimum qualifications and wish to be considered for this position, please apply through the link at the bottom of this job posting.

This position is currently open and will close upon filling.

At the sole discretion of Central Texas Farm Credit, individuals with less than minimum experience requirements may be considered with the position adjusted to a commensurate title.

AA/EOE/M/F/D/V

We are an Equal Employment/Affirmative Action employer. We do not discriminate in hiring on the basis of sex, race, color, religious creed, national origin, physical or mental disability, protected Veteran status, or any other characteristic protected by federal, state, or local law.

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