Corporate Loan Accounts Officer Job Description

November 26, 20110 Comments

Corporate Loan Accounts Officer Job profile and Description

The Loan officers are basically the in charge of handling loans for enterprises and so they are called Corporate Loan Accounts Officers. They are basically the specialized ones in their field assigned to specific industries. It helps the person to operate the business in a better way on the funding dynamics that predict the loans. The industries such as transportation (inter-modal), IT and telecommunication, retail and wholesale, hotels and restaurants, etc. the duty is to process the enterprise loans from application to approval and release.

Duties and Responsibilities

There are the following duties and responsibilities of a Corporate Loan Accounts Officer which are expected to be fulfilled:

  • The officer has the duty to assist the Corporate Accounts Manager in developing loan products.
  • He or she has to work properly for the specific corporate clients in various industries.
  • It will be needed to work as an administrator for cooperating, the industrial and commercial loan products.
  • The loan officer also has to evaluate and oversee the corporate loan applications properly.
  • He or she has to visit the company headquarters or affiliate to assess business operations for the purpose of funding.
  • He or she has to oversee the applications as well for recommending the approval, reduction or rejection of loan and credit applications.
  • It will be required to work as a Broker other lenders or investment bankers to from a syndicated loan for loan amounts.
  • He or she needs to serve as a loan sales agent to contact companies in the assigned industry.
  • It will be required to avail the loan products properly with attractive interest rates to the clients.

Skills and Specifications

The required skills and specifications are as follows:

  • The person must have the ability to work with a high degree of patience dealing with people.
  • He or she should be able to handle the detail work.
  • He or she needs to have the tenacity to ensure mathematical accuracy in the work.
  • The person must exhibit strong interpersonal skills to establish and maintain the effective working relationships.
  • He or she should have the team working skills to work with a team of loan officers as well as with client management officers.
  • He or she must have excellent marketing skills to interact with clients and sustain their patronage of loan products.
  • The person needs to have exceptional communication skills in English.
  • The other required qualities of a person are the strong self-confidence, courtesy, firmness and negotiating skills to deal with a client.

Education and Qualifications

  • The basic degree for the position is a college degree in a business field with a strong bias in Banking, Financial Management and Business Administration
  • The person having an MBA would be an added advantage.
  • The other requirement for the job is the Basic computer literacy to handle common spreadsheet and word processing.

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