Osgood Bank Careers

Brief Summary

Osgood Bank is seeking a Commercial Loan Officer. The individual filling this position will manage the bank's existing commercial portfolio customer relationships and seek opportunities to expand these relationships. Additionally, they will identify and prospect new business inside of the bank's approved client network and work within their approved lending authority. 

Candidates must have the ability to travel to clients, comprising of up to 25% of the position's duties. 

Overview:

Job Type: Full-time
Benefits:

• Dental Insurance

• Health Insurance

• On-The-Job Training

• Paid Time Off

• Vision Insurance

Experience Level: Mid-level

Weekly Day Range: Monday - Friday

Job Functions

• Interview loan applicants and obtain financial information and tax returns for new loan requests and renewals.

• Compile underwriting information and work with the bank's credit analysts to develop a complete financial analysis of the applicant's credit history. This will include collateral valuation.

• Correspond with the applicant to resolve questions regarding the financial information that has been provided to the bank. 

• As necessary, negotiate loan terms, loan covenants, interest rates, and loan fees.

• Approve the loan request within the individual lending officer's assigned lending authority or refer the loan request to the bank's Senior Lending Officer and/or the bank's Loan Committee for approval. Ensure the risk grade is assigned to each loan. 

• Close approved loan(s) and ensure that all loan documents and all loan agreements are complete and accurate, according to the bank's Lending Policy. 

• When a loan request is denied, send adverse action notices in accordance with regulatory requirements and the bank's Lending Policy.

• Meet expectations through managing specialty portfolio while continuing to expand prospective new business inside the bank's approved client network. Monitor their individual pipeline on a regular basis. 

• Under the direction of the Senior Lending Officer,  manage the loan relationships that become delinquent, by taking appropriate action. Develop written action plans on situations where the delinquency has the possibility or probability of becoming a serious problem. Make recommendations, when necessary, to have a delinquent loan(s) placed on the bank's "Watch List". 

• Participate in community activities to promote the image and goodwill of the bank.

• Perform other duties as assigned. 

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Ability to travel as necessary for client meetings which will be up to 25% of the position's duties. 

• Bachelor's degree in Business Administration or equivalent from two-year college or technical school; or two years related experience and/or training; or equivalent combination of education and experience. 

• Knowledge of accounting, tax laws, and spreadsheet applications. 

• Prior banking experience is preferred.

• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. 

• Ability to draft reports, business correspondence, and procedure manuals. 

• Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the public.

• Ability to work with mathematical concepts and apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

• Ability to solve practical problems and interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

• Hold and maintain a valid driver's license. 

Brief Summary

Osgood Bank has an opening for an Escrow and Consumer Loan Processor. This position oversees the processing, administration, disbursement, and reporting of escrow accounts associated with loans. The Escrow & Consumer Loan Processor will support the consumer loan process and account maintenance while assuring compliance with loan regulations.

Overview:

Job Type: Full-time
Benefits:

• Dental Insurance

• Health Insurance

• On-The-Job Training

• Paid Time Off

• Vision Insurance

Experience Level: Entry-level

Weekly Day Range: Monday - Friday

 

Job Functions

• Completes reporting and reconciliation of escrow accounts.

• Records escrow information on bank core system.

• Monthly reviews and completes escrow analyses.

• Provide statements to customers of escrow collection and payment history along with advising them of planned payment adjustments.

• Review and maintain hazard and flood insurance documents to ensure adequate coverage on all real estate bank collateral.

• Provide administrative support to the loan process, including tracking missing documents, preparing documents, and verifying employment.

• Assist Consumer Loan Manager in ensuring that all regulations regarding loans are followed.

• Prepare loan documents for Consumer loans and complete loan file after a loan is closed.

• Book Consumer loans and maintain accounts on internal core system.

• Answering phone calls to provide service for various requests from customers.

• Support explanation of escrow requirements and calculations to customers.

• Quoting and processing loan payoffs.

• Provide timely follow up and accurate information to customer requests.

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Associate’s degree in business administration or equivalent from two-year college or technical school; or two years related experience and/or training; or equivalent combination of education and experience.

• Knowledge of accounting, tax laws, and spreadsheet applications.

• Prior banking experience is preferred. 

Language Skills

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to draft reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the public.

 

Mathematical Skills

Ability to work with mathematical concepts and apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

Reasoning Ability

Ability to solve practical problems and interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

Certificates, Licenses, Registrations

Valid Driver’s License

Thank you for your interest in joining our team. 

We are not currently advertising any additional openings, but if you think you'd be a good fit for Osgood Bank you can always submit your resumé and we will keep it on file in case something opens up. 

Until then,

Do Well. Be Good.