ArlingtonHeightsRecruiter Since 2001
the smart solution for Arlington Heights jobs

Loan Officer III

Company: BBCN Bank
Location: Arlington Heights
Posted on: June 7, 2021

Job Description:

Position Information

Job Title: Loan Officer III

Department: Lending

FLSA Status: Exempt

Reports to: Lending Manager

Full/Part Time Status: Full-Time

Work Location: Varies

Travel Requirement: 0-10%


Minimum Education Level: Bachelor's Degree, preferably in Accounting or Finance.

Combination of Experience and Education can meet the job requirements: Yes or No

Language Requirement

English: Written: Advanced Verbal: Fluent

Korean: Written: Intermediate Verbal: Conversational

Computer/Systems Knowledge Requirements

Microsoft Outlook: Intermediate or Advanced

Microsoft Word: Intermediate or Advanced

Microsoft Excel: Intermediate or Advanced or N/A

Microsoft PowerPoint: Intermediate or Advanced or N/A

Responsibilities & Duties


  • Keep abreast of industry changes, local economic, financial and legislative events which may have an impact on commercial lending activities.
  • Analyze cash flow, liquidity, profitability, leverage and other financial ratios and be able to come to various conclusions, including evaluation of collateral and other relevant credit information.
  • Prepare loan presentations that include all pertinent information associated with the overall risk of the loan, identifying the strengths and weaknesses of borrower's surrounding credits.
  • Recommend or deny loan requests in conformance with banking regulations and Bank's loan policies and procedures.
  • Gather documents to perfect the security interest in collateral, if applicable.
  • Assist in loan closing and funding including obtaining signatures on loan documents according to the Bank's procedures.

Risk/Portfolio Management:

  • Detect early warning signs of problem loans and immediate notification to a supervisor, Chief Credit Administrator, Loan Review, or Loan Servicing.
  • Monitor loan covenants and conditions per loan agreement and report any violation to manager.
  • Analyze collateral values and insurance coverage.
  • Collect loan accounts and overdraft information.
  • Submit reports of calls made and document customer contact.
  • Meet customers regularly and seek opportunities to grow relationship.
  • Conduct site visits and on-site interviews.


  • Comply with regulatory requirements including Reg B, HMDA, Bank Secrecy Act, OFAC, and USA Patriot Act, CRA, Privacy, and Security.
  • Comply with the Bank's security program, including but not limited to:

o Review and comply with the End-User Computing Agreement.

o Acquire good knowledge on functions and usage of computer systems as related to the assigned job functions.

o Be current and knowledgeable in industry's trend in safeguarding the Bank against confidential data leak, identity theft, fraudulent activities, and computer security threats.

o Reports suspicious activities to manager, Chief Risk Officer or Information Security Officer.


  • Mentor junior lending staff.
  • Occasional local travel is required, as may participate in client meetings with Relationship Managers.
  • Participate in community organizations and/or events to help the Bank meet its CRA Objectives.
  • All other reasonable duties as assigned.

Job Qualifications/Requirements

  • Required: 5+ years of commercial lending experience.
  • Required: Excellent written and oral communication skills; ability to communicate effectively and project a professional image when giving and taking information in writing, in person, and over the phone.
  • Required: Ability to respond effectively to customer complaints or other sensitive inquiries.
  • Required: Ability to make effective presentations.
  • Required: Excellent analytical skills including the ability to define problems, collect data, establish facts, and draw conclusions.
  • Required: Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
  • Required: Strong Analytical/Math skills.
  • Required: Effectively manage multiple deadlines and projects.
  • Required: Knowledge of bank regulations affecting customer accounts.
  • Required: Knowledge of lending operations, Note or International Dept policies and procedures.

Physical Demands


Under 10 lbs.: Occasional (1% - 33% of the time)

11-20 lbs.: Rarely (Less than 1 hour per week)


Under 10 lbs.: Occasional (1% - 33% of the time)

11-20 lbs.: Rarely (Less than 1 hour per week)


Reach over shoulder: Frequent (34%-66% of the time)

Reach over head: Rarely (Less than 1 hour per week)

Reach outward: Rarely (Less than 1 hour per week)

Climb: Rarely (Less than 1 hour per week)

Crawl: Rarely (Less than 1 hour per week)

Kneel: Rarely (Less than 1 hour per week)

Squat: Rarely (Less than 1 hour per week)

Sit: Frequent (34%-66% of the time)

Walk-Normal Surfaces: Constant (Over 66% of the time)

Walk-Uneven Surfaces: Rarely (Less than 1 hour per week)

Walk-Slippery Surfaces: Rarely (Less than 1 hour per week)

Stand: Frequent (34%-66% of the time)

Bend: Rarely (Less than 1 hour per week)


Automatic Trans: Frequent (0-10% of the time)


Keyboard/Ten Key: Constant (Over 66% of the time)

Fingering (fine dexterity): Constant (Over 66% of the time)

Handling (grasping, holding): Constant (Over 66% of the time)

Repetitive Motion - Hands: Frequent (34% - 66% of the time)

Repetitive Motion - Feet: Frequent (34% - 66% of the time)

Keywords: BBCN Bank, Arlington Heights , Loan Officer III, Other , Arlington Heights, Illinois

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category

Log In or Create An Account

Get the latest Illinois jobs by following @recnetIL on Twitter!

Arlington Heights RSS job feeds