Verity is hiring for a Commercial Loan Officer at our Headquarters location in Seattle! This job can be worked remotely; this is a hybrid work opportunity. At Verity, we empower our members financial lives and create vibrant communities. Verity has been a local member-owned credit union since 1933. We are the only financial institution in the Pacific Northwest that is a part of the Global Alliance for Banking on Values (GABV).

How you can make a difference...

The Commercial Loan Officer will focus their efforts on lending and depository relationships with BIPOC, Women, LGBTQA+ and Veteran community business members, and promoting equitable business products to underserved communities. Verity Credit Union is committed to building equitable and inclusive solutions that enhance our communities' lives. This position develops and maintains account relationships both credit and non-credit. This may include programs such as SBA, deposit relationships, etc. The Commercial Loan Officer develops primary member and prospect lists within assigned territory for the purpose of marketing a broad range of financial services. They interview applicants and obtain information regarding earnings and financial condition to evaluate the applicant's creditworthiness. The Commercial Loan Officer provides credit and loan analysis, underwriting and relationship expertise to the Business Services team and to members. This person is responsible for making decisions on underwriting credit for the smaller and medium sized loan with moderate complexity Commercial Real Estate (CRE) and Commercial & Industrial (C&I) credits.

We know it is more than just a job

Verity has continued to maintain an open and positive work culture. We make sure people come first! Some ways we help employees live their best lives:

• Base Pay: This position has a salary range of $91,732.00 (minimum) to $143,332.00 (maximum), with a midpoint of $114,666.00. Actual starting pay is offered based upon relevant experience, education, skills, and abilities.
• Paid Time Off: Employees receive 11 paid holidays each year, as well as paid time off (PTO). PTO combines sick and vacation time and starts accruing immediately at a rate equivalent to 20 days per year. Employees are eligible for up to 8 hours of paid volunteer time off each year.
• Benefits: Employees (and their families) are eligible for medical, dental, vision, and basic life insurance, with a no cost option available for employee only coverage. Employees are able to enroll in our 401k plan and receive a matching contribution up to 6%. Other perks include a wellness subsidy, transportation benefit, and education reimbursement.
• Other Compensation: This position is eligible for monthly incentives, a 10% profit-sharing bonus to 401k accounts based on company performance.

ESSENTIAL JOB FUNCTIONS

• Actively promote Verity through community involvement and/or industry related organizations.
• Act as the relationship manager and meet with existing and prospective Business Services members to determine needs and recommend solutions.
• Maintain a thorough knowledge of commercial lending policies and procedures and keep up to date on regulation changes.
• Negotiate credit terms, costs, repayment methods and collateral specifications, within lending authority.
• Recommend and/or approve credit requests within lending authority.
• Provide recommendations to EMT & leadership on new credit requests and annual reviews.
• Cross-sell a full range of Business Services products and services to existing and prospective business members.
• Coach and develop member-facing staff regarding Small Business products and services.
• Analyze financial data related to new and renewal loan requests.
• Supervise Business Analyst staff and mentor for personal and professional growth.
• Work effectively with Branch Management and Business Services support staff to manage all aspects of the portfolio and sales goals.
• Provide support to vendors and attorneys or resources to obtain correct and accurate documents to fully protect Veritys interests in the credit relationship.
• Provide technical and consultative assistance to member contact areas regarding Business Services.
• Adhere to all Verity policies and procedures, compliance regulations, and complete all required compliance and/or job-specific training.
• Perform all responsibilities in accordance with Competencies and Information Protection requirements.
• Perform additional duties as may be assigned.

QUALIFICATIONS AND REQUIREMENTS

Education and Experience:

• Bachelors degree in business, finance or related field or equivalent work or educational experience.
• Three years of experience in Commercial Real Estate (CRE) and Commercial & Industrial (C&I) analysis, underwriting and relationship management in financial institutions.
• Three years of experience using a variety of analytical tools to spread financial statements, analyze credit quality, analyze balance sheets, assess cash flow, model base case and downside forecasts, evaluate risk and support credit approval.
• Experience with SBA and Commercial Real Estate lending programs is preferred

Knowledge, Skills and Abilities:

• Strong verbal, written, and interpersonal skills
• Effectively communicate with diverse personalities and vendors
• Building good relationships through coaching and mentoring
• Effective negotiation skills.
• Knowledge of credit policies, procedures, practices and documentation.
• Excellent credit and credit quality skills including accounting, financial statement spreading, and cash flow analysis experience.
• Analytical and problem solving skills in Commercial Real Estate (CRE) and Commercial & Industrial (C&I) lending, including in-depth knowledge of industry practices.
• Knowledge of financial industry regulations and standards including federal and state laws
• Ability to exercise independent and collaborative decision making
• Detail oriented and organized
• Solid problem-solving skills
• Ability to perform mathematical calculations
• Ability to interpret and analyze financial data
• Ability to work independently and as a team member
• Ability to learn and use computer software
• Ability to organize and prioritize to meet work deadlines
• Ability to speak in public
• Ability to travel
• Weekend and evening hours may be required for this position

PHYSICAL CONSIDERATIONS

Verity Credit Union is committed to working with its employees to reasonably accommodate them with the physical aspects of the position. The following is a list of physical considerations that are normally encountered in this job:

• Sitting or standing for long periods of time
• Working on computers for a long period of time in an office environment

Washington is an At-Will Employment State

Your employment is at will, meaning you are free to resign at any time, for any reason, with or without notice. Verity Credit Union is also free to conclude the employment relationship with you at any time, for any reason, with or without notice.

No statement or promise by a credit union representative or board member may be interpreted as a change in the at will policy, nor would it constitute an employment or other contractual agreement.