What does a Business Banking Officer do?

Commercial loan officers work for credit unions, commercial banks, mortgage companies, and other financial institutions and are the decision-makers who apply critical thinking skills during application review. They examine loan applications and verify all financial information applicants provide to determine whether they can meet their monthly loan payments on time. They recommend approval or disapproval of the loan application based on the applicant’s information and relevant information they uncover during the application process.

Because they are supervisors, commercial loan officers also manage loan administrators and double-check their paperwork for approval or disapproval of a requested loan. Upon acceptance and disbursement of money, loan officers ensure repayments arrive in a timely fashion, which may require follow-up phone calls and outreach to borrowers to ensure they are paying off their line of credit. When payments have defaulted regularly, a loan officer may report the borrower to a collection agent. Commercial loan officers need a bachelor's degree in finance and receive on-the-job training from their employer.

What responsibilities are common for Business Banking Officer jobs?
  • Participate in the underwriting and documentation of credit.
  • Successfully manage and develop our commercial loan portfolio.
  • Manage a portfolio of loans and may coordinate collection efforts.
  • Responsible for developing new business and manage existing portfolio.
  • Ensure all loan documents are complete, accurate and in accordance with policy.
  • Build strong relationships with customers and members while maintain, an active calling program prospecting new clients.
  • Serve as point of contact for client regarding routine daily administration.
  • Provide support to all bank lending units by administering to all commercial loan transactions for clients.
  • Enter a high volume of new loan bookings, payments and advances to loan operating system.
  • Administer the collection process either internally or with bank counsel complying with all laws and regulations.
  • Prepare and monitor the title work to be processed at the department of revenue.
  • Make a minimum of 25 sales calls a week ' including in-person calls at a client or prospects place of business.
  • Initiate internal discussions with senior management on areas of success or improvement within the assigned market.
  • Serve prospects and customers through a consultative selling, trusted advisor role to assist them in recognizing and tackling business opportunities and risks, and helping them accomplish their goals while maximizing our effectiveness.
What are the typical qualifications for Business Banking Officer jobs?
  • Bachelor's Degree in business, finance, or business administration.
  • Demonstrate tenacity and drive in solving customer issues.
  • Well-developed collaboration and critical thinking skills.
  • Fluent in products and services.
  • Advanced banking experience.
  • Is a professional at all times.
  • A dedicated problem solver and leader.
  • Can prioritize tasks for time management needs.
  • Experience with software and systems such as C and spreadsheets.
  • Familiar with balance sheets, ratios, and computing.
  • Will display a positive attitude at all times with the goal of onboarding and renewing clients.
Work/Life Balance
3.5 ★
Salary Range--
Career Opportunity
3.5 ★
Avg. Experience5-7 years

Business Banking Officer Salaries near Hong Kong

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Business Banking Officer Career Path

Learn how to become a Business Banking Officer, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

Business Banking Officer

Years of Experience Distribution

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2 - 4
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Not including years spent in education and/or training

Business Banking Officer Insights

Read what Business Banking Officer professionals have to say about their job experiences and view top companies for this career.
Commercial Banking Officer
1 Nov 2021

“I got a chance to work with other amazing officers and everyone is generally really nice”

Transaction Processing Officer
23 Feb 2022

“Low salary increment it is not sufficient”

First United Bank & TrustFirst United Bank & Trust
Commercial Loan Officer
11 Apr 2022

“Annual salary increases are not good”

In-Solutions GlobalIn-Solutions Global
Transaction Processing Officer
14 Feb 2023

“Good good good good good”

Phone Banking Officer
11 Mar 2022

“Not good for career growth and waste of time”

Taiwan Business BankTaiwan Business Bank
Senior Banking Officer
17 Aug 2022

“Good work and life balance”

RHB GroupRHB Group
Commercial Banking Intern
29 Mar 2022

“Good work life balance and I enjoyed it”

Commercial Bank of Ethiopia
Branch Banking Officer
31 Oct 2021

“Good but getting promotion is rare.”

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Business Banking Officer Interviews

Frequently asked questions about the role and responsibilities of a Business Banking Officer

The most similar professions to Business Banking Officer are:
  • Loan Officer
  • Underwriting Consultant
  • Loan Processor
  • Underwriter

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Business Banking Officer jobs