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Commercial Lender
Career Insights for Loan Officer (General)
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Scorecard
Based on Minnesota data
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What they do
A Loan Officer assists customers who apply for loans, and solicits loan applications on behalf of a bank, mortgage broker or other lender. Markets products and provides information on types of loans available, gathers financial and credit information needed to evaluate loan applications; guides the application and approval process. May specialize in loans to businesses or individuals, or in loans to buy real estate.
$55,041 / year median in Minnesota
-28% projected decline
Job Description
Passion:
We have an unrelenting drive to be great. Quality service is our #1 priority.Commitment:
We do not shy away from accountability. We together as a team and embrace the spirit of service.Leadership:
We are competitive leaders in our markets and a go-to source for finance and lending.Community:
We're proud to support each other and our local communities. We win when our customers win. About the role The Commercial Loan Officer position specializes in providing loans and other banking products to commercial clients across multiple areas, such as business banking and commercial real estate. This role will play a part in growing and maintaining the bank's existing portfolio and will make efforts to be a part of and improve the community in which they reside. This is not a remote role. Compensation $80,000-$140,000+ depending on prior experience. Position is eligible for incentive. What you will do Acts as primary point of contact for those seeking Commercial loans, building relationships with clients during the process. Evaluates client/applicant's credit to determine appropriate lending decision based on company risk-tolerance levels. Determines value or status of collateral as necessary during the loan application process. Develops a strong knowledge of bank's products and identify opportunities to recommend other products or services to customers. Develops and execute sales strategies to either maintain or gain clients to increase commercial lending revenue and deposit growth. Builds relationships with key members of the community, building a network while continuing to service the needs of our existing customers. Builds and manages credit portfolios for clients. Ensures that customers receive satisfactory customer service. Develops an understanding of internal bank policies, as well as a strong understanding of banking regulations. Other duties as assigned. What you will need Bachelor's degree in accounting, finance or related field preferred. 2+ years of commercial lending desired. A desire to work within the community and offer solutions as suited. Strong communication and negotiating skills. What they offer Health Insurance Dental Insurance Vision Insurance Paid Vacation, Sick, and Holiday time A competitive 6% 401k match And more! Candidate must pass a pre-employment screening including credit history and criminal record checkJob Type:
Full-time Pay:
$80,000.00 - $140,000.00 per yearBenefits:
401(k) 401(k) matching Dental insurance Health insurance Paid time offWork Location:
In personBenefits
- Paid Time Off (PTO)
- 401(k) Plans
- Health Insurance
- Dental Insurance