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Commercial Loan Officer

Competency-Based Apprenticeship
Sponsoring Company:
CareerWise Colorado
O*Net Code
Rapids Code
Req. Hours
Jul 16, 2021
Jul 16, 2021

Competency-Based Skills

8 skill sets | 8 total skills
Basic Accounting
Understands, explains, and applies basic accounting principles and procedures.
Loan Products
Understands and explains products and concepts relating to commercial loans (e.g., credit vs. term loans, collateral, amortization limits, maturity limits, and loan to value or advance rates).
Technology Applications
Identifies and utilizes relevant technology and tools to analyze data; efficiently and effectively performs assigned tasks.
Models financial statements from customers in a proprietary system to calculate ratios, perform covenant compliance, and underwrite loans.
Risk Assessment and Trend Analysis
Identifies trends in financial data, distinguishes between positive and negative trends, and explains impact of trends on ratios or covenants.
Loan Documentation
Identifies documents included in a loan package, including covenants in loan agreements that need to be tested.
Calculates covenants for loan packages following language outlined in loan agreements.
Interpersonal Communication
Discovers information that isn't publicly available, shifts another person's perspective, and makes convincing presentations.

Technical Instruction

Focuses on the study of the national economy, emphasizing business cycles and long-run growth trends.
Focuses on the study of individual decision making, emphasizing households, business firms and industry analysis.
Business Communication
Emphasizes effective business writing and cover letters, memoranda, reports, application letters, and resumes.
Intro to Business
Introduces the application of fundamental business principles to local, national, and international forums.
Accounting Principles I
This course introduces accounting principles for understanding the theory and logic that underlie procedures and practices for business organizations.

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