Loan Officer

Wamego, Kansas


Interviews loan applicants and makes credit decisions; processes loan applications; maintains customer relationships; manages a portfolio of commercial and consumer loans; and may coordinate some collection efforts. An officer with three or more years’ experience who is capable of handling all but the most complex assignments and accounts; works under general direction of a senior functional officer.


  • Decision-makers who must apply critical thinking to every application they review.
  • Their daily duties require applying both logic and people skills in order to complete their tasks, which include
  • Evaluate Loan Applications- carefully examine loan applications and verify financial information provided on the application to determine whether the business applying for the loan is capable of meeting monthly loan payments on time.
  • Review Credit Information-must evaluate the credit history of the applicant. This requires finding all possible financial assets belonging to the company and evaluating their worth as it relates to the loan amount being requested.
  • Approve Loans- Once a loan candidate has been assessed, the loan officer will recommend approval or disapproval of the loan application based on the information provided by the applicant and the data they uncover during the application process.
  • Work with Loan Administrators- the loan officer works with loan administrators and reviews their loan paperwork of requested loans prior to closing the loan.
  • Follow Up on Approved Loans- Once a loan has been approved and money disbursed to a customer, the loan officer is responsible for making sure that loan payments are made on time. This may require making follow-up phone calls and checking in with borrowers to ensure they are paying as agreed.  This includes monitoring the customer’s line of credit. Should loan payments fail to be made regularly, loan officers may need to take action by reporting borrowers to collection agents.


  • Mathematics – A strong grasp of mathematics for reviewing financial statements, calculating spreads, debt ratio and income streams.
  • Customer service –loan officers make their decisions based on what they see on paper, customer service is still a big part of the job because they often meet with applicants face to face.
  • Analytical thinking – logic and critical thinking are essential to the loan officer’s job because they must apply mathematical formulas to determine whether a company has the ability to pay back a requested loan. This requires putting personal feelings aside and relying on cold, hard numbers in order to make the best decisions for their financial institution.
  • Leadership skills –a background in leadership is very useful for this career path .
  • Attention to detail – some loans (commercial loans) involve a lot of paperwork, bank accounts, and data, which means loan officers need to be highly detail-oriented so they can properly analyze all the information without skipping over any financial details.


  • Bachelor’s degree in Finance, Business Administration


BSB offers a competitive starting wage, with pay starting commensurate with previous experience and salary history. We value work life balance and offer robust paid time off benefits that include paid vacation, sick, personal time, volunteer and maternity to name a few. We also value longevity with our employees and offer a retirement plan that allows for employees to participate in planning for a secure financial future in retirement.

EOE/AA: Minorities/Females/Disabled/Vets:

Send resumes to; Bennington State Bank,  2130 S. Ohio, Salina KS 67401
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