Commercial Loan Officer
Join Our Team as a Commercial Loan Officer!
Are you an experienced professional in commercial lending with a passion for building strong client relationships? Our Norfolk team is seeking a skilled Commercial Loan Officer to join our team and play a pivotal role in expanding our lending portfolio.
Primary Responsibilities & Duties:
- Responsible for the growth and retention of a portfolio of new and existing Business Banking clients.
- Attain new customers through referrals therefore contributing to deposit growth by cross selling and promoting additional banking products.
- Seek and obtain quality new business through client and prospect calls and referrals.
- Serve as the primary point of contact for client inquiries and provide exceptional customer service by addressing their lending requirements and inquiries.
- Identify and pursue new lending opportunities within the target market, working closely with business development teams to expand the client base.
- Leverage industry knowledge and networking to generate leads and referrals, contributing to the growth of the lending portfolio.
- Analyze prospective clients' financial statements, cash flow, credit history, and collateral to assess creditworthiness and determine appropriate lending structures.
- Develop and present customized lending solutions, including term loans, revolving credit facilities, working capital lines of credit, and other financing options, to meet clients' unique financial needs.
- Negotiate lending terms and conditions with clients, ensuring alignment between their requirements and the institution's risk appetite.
- Evaluate and manage credit risk by monitoring clients' financial performance and market conditions, making proactive recommendations and adjustments as needed.
- Prepare accurate and complete loan documentation, ensuring compliance with all legal, regulatory, and internal policy requirements.
- Stay informed about industry trends, economic developments, and market conditions that may impact clients' businesses, providing valuable insights and advice.
Secondary Responsibilities & Duties:
- Collaborate with credit analysts to prepare thorough credit proposals, ensuring compliance with internal lending policies and regulatory requirements.
- Work closely with internal employees, including credit analysts, loan processing, and compliance, to ensure a seamless lending process and excellent client service.
Qualifications:
- Bachelor's degree in Finance, Business, Economics, or a related field; Master's degree is a plus.
- Must have at least 5 years in commercial lending, relationship management, or a similar role.
- Strong understanding of commercial lending products, credit analysis, financial risk assessment, and underwriting principles.
- Excellent communication, negotiation, and presentation skills.
- Ability to work independently, prioritize tasks, and meet lending targets.
- Proficiency in financial analysis tools, credit scoring models, and Microsoft Office Suite.
- Familiarity with lending regulations, compliance requirements, and industry best practices.
- Strong ethical values and commitment to maintaining client confidentiality.
Relationships:
- Responsible to Market President for the fulfillment of functions and job responsibilities.
- Will have extensive contact with customers, the public and the community and is to conduct relationships in a manner that will enhance the overall image and reputation of the bank.
Why work for us?
We offer an excellent benefits package including:
- Health, Dental & Vision Insurance
- 401(k) & Profit Sharing
- Paid Holidays
- Wellness Benefits
- Paid Vacation & Sick Time
Apply now to join us and shape the future of commercial finance!
Midwest Bank is an equal opportunity employer and gives consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law. Member FDIC.
