Loan Officer

2 weeks ago


Calgary, Canada Alberta Grains Full time

Alberta Grains is the amalgamated commission formed by joining the Alberta Barley and the Alberta Wheat Commissions. Alberta Grains is committed to advancing and promoting the interests of 18,000 wheat and barley farmers in the province of Alberta. We continue to foster innovation, research and development, and sustainability in the agriculture sector. By bringing together the best of both commissions, our aim is to leverage the combined resources, knowledge and experience to deliver unparalleled value to farmers.

**Job Type: Full-Time 4 month position. This position is not eligible for benefits.**

**Job duties include, but are not limited to**:
Producer Engagement:

- Engage with producers to comprehend their financial requirements and assess their eligibility for loans.

Loan Application Processing:

- Collect and analyze financial information, including credit reports, to ascertain the feasibility of granting loans.
- Review loan agreements to guarantee compliance with relevant policies and regulations.

Risk Assessment:

- Evaluate the creditworthiness of producers, considering factors such as income, credit history, and debt-to-income ratio.
- Utilize the 5 Cs credit analysis model to mitigate risks.
- Assess collateral to minimize potential risks associated with the loan.

Regulatory Compliance:

- Ensure compliance with federal and organizational policies and industry standards.

Documentation:

- Prepare and maintain precise and thorough loan documentation.
- Collaborate with producers to gather any additional required information.

Communication and Negotiation:

- Communicate loan decisions to producers and provide explanations for denials, if necessary.
- Negotiate terms and conditions with loan producers.

Relationship Management:

- Cultivate and sustain relationships with producers to encourage repeat business.
- Collaborate with other departments to facilitate a seamless loan process.

Market Research:

- Stay informed about market trends, products, and competitors to offer valuable insights.

Loan Portfolio Management:

- Monitor the performance of existing loans and ensure timely repayment.
- Assist in the resolution of any issues or concerns related to existing loans.
- Additional responsibilities may be delegated to meet operational requirements.

**Experience and qualifications**:

- Minimum 2 years of previous experience in banking, lending, or financial services.
- Loan processor or underwriter experience is considered an asset.
- Post-secondary diploma or degree in finance, economics, business administration, accounting, or a related field, or an equivalent combination of education and experience.
- Strong customer service skills and the ability to work in a fast-paced environment.
- Familiarity with lending regulations and compliance standards.
- Numerical proficiency and familiarity with financial calculations.
- Excellent communication skills, both written and verbal, are important for interacting with customers, colleagues, and other stakeholders.
- Problem-solving abilities and the capacity to work effectively under pressure are valuable in resolving issues and meeting deadlines.
- Adaptability and a willingness to learn are important in an evolving industry where technology and regulations may change.


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