Loan Officer

Job Description: Lending Operations cum Credit Officer

Department: Credit & Operations

Reports To: Credit Manager / Operations Head

Employment Type: Full-Time

1. Role Purpose

The Lending Operations cum Credit Officer is responsible for the end-to-end management of loan applications. This role bridges the gap between financial analysis and administrative execution, ensuring that all loans are credit-worthy, legally compliant, and funded efficiently.

2. Key Responsibilities

A. Credit Assessment (The "Judgement" Phase)

• Evaluate applicant creditworthiness by analyzing financial statements, tax returns, and credit reports.
• Calculate key financial ratios such as Debt-to-Income (DTI), Loan-to-Value (LTV), and cash flow coverage.
• Prepare detailed credit memos and provide recommendations for approval, counter-offer, or decline.
• Verify collateral values and ensure security assets meet bank requirements.

B. Loan Operations (The "Execution" Phase)

• Prepare and review all loan legal documents (promissory notes, security agreements, and disclosure forms).
• Manage the "boarding" process, entering accurate loan data into the core banking system.
• Coordinate the disbursement of funds (via wire, check, or ACH) once all conditions are met.
• Conduct "Know Your Customer" (KYC) and Anti-Money Laundering (AML) checks on all borrowers.

C. Portfolio Monitoring & Servicing

• Monitor existing loans for timely repayments and follow up on early-stage delinquencies.
• Maintain organized digital and physical loan files to ensure they are "audit-ready."
• Assist in the release of liens or collateral once a loan is paid in full.

3. Required Qualifications & Skills

Education: Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.

• Experience: 1+ years of experience in banking, preferably with exposure to both credit analysis and loan processing.
• Technical Skills: * Proficiency in Loan Origination Systems (LOS) or Core Banking software.

• Strong command of MS Excel (financial modeling and data entry).
• Core Competencies:
• High Attention to Detail: Ability to spot errors in complex legal contracts.
• Analytical Thinking: Ability to interpret complex financial data into a risk story.
• Efficiency: Capability to manage a high volume of applications without sacrificing accuracy.

4. Key Performance Indicators (KPIs)

• Turnaround Time (TAT): Average time from application receipt to funding.
• Document Accuracy: Zero or minimal "exceptions" found during internal audits.
• Portfolio Quality: Low delinquency rates for loans approved by the officer.