Commercial Loan Officer Job at Prospect Bank, Indianapolis, IN

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  • Prospect Bank
  • Indianapolis, IN

Job Description

Commercial Loan Officer


Region: 06 – Terre Haute
Reports To: President & CEO
FLSA Status: Exempt

Summary


The Commercial Loan Officer (CLO) builds and maintains strong customer relationships while guiding applicants through the loan process—from application to closing and beyond. This role requires a solid understanding of commercial loan programs, underwriting principles, and deposit products to provide comprehensive banking solutions. The CLO ensures compliance with federal regulations and supports long-term portfolio growth.

Key Responsibilities



  • Develop and maintain commercial lending relationships.

  • Collect and analyze financial information to support loan decisions.

  • Monitor credit quality and ensure adherence to bank standards.

  • Manage past-due loans, loan file exceptions, and delinquent collections.

  • Recommend charge-offs and oversee recovery of charged-off loans.

  • Ensure compliance with all applicable banking regulations.

  • Coordinate and develop loan products aligned with bank goals.

  • Maintain customer confidentiality and information security.

  • Assist with training and professional development for lending staff.

  • Prepare monthly loan portfolio reports for the Board.

  • Complete additional duties or projects as assigned by the Board or CEO.

Qualifications



  • Bachelor’s degree or equivalent experience (MBA preferred).

  • Minimum 5 years of related experience in commercial, consumer, and mortgage lending.

  • Strong critical thinking, problem-solving, and communication skills.

  • Knowledge of portfolio management, rate structures, and risk assessment.

Member FDIC
Equal Opportunity Employer – We celebrate diversity and are committed to creating an inclusive environment for all employees.

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Prospect Bank

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