Commercial Loan Officer

MRI - The Boston Group

(Sioux Falls, South Dakota)

Full Time

Job Posting Details

About MRI - The Boston Group

Management Recruiters International Inc. (MRINetwork) is a leading executive search and recruiting organization with more than 700 offices in 40 countries worldwide. Each year, Management Recruiters places 45,000 candidates with our clients.

Summary

A mid sized bank in your area is looking to add an experienced Commercial Lender to their team. This individual will serve a variety of small business loans both secured and unsecured. They will need to have decision making skills and the ability to make recommendations to a higher authority. The right individual will have a credit analysis and underwriting background.

Responsibilities

* Initiates contact with potential commercial accounts and solicits their relationship. Interviews applicants to develop information concerning their business, needs, desires, abilities and earnings to determine whether a loan may be an acceptable risk. Gives financial advice and counsel to customers and prospective customers.
* Inquires on existing commercial accounts, maintains relationships
*  Develops new business and increase or retain existing business.
* Manages the entire banking relationship for a portfolio of commercial accounts.
* Collects information, analyzes, underwrites, approves/disapproves, negotiates terms and conditions, prepares credit proposals, recommends documentation and disbursement instructions for new and renewed loan requests.
* Monitors the performance of the borrower during the relationship, including payments, Borrowing Base Certificates, financial statements, tax returns, insurance
* Coordinates with Loan Review and Credit Analysis Manager  establishing the risk rating for borrowers including recommendations for a downgrade outside of the review cycle
* Has the ultimate responsibility for their portfolio
* Maintains a presence and promotes the Bank within the community

Initiates contact with potential commercial accounts and solicits their relationship. Interviews applicants to develop information concerning their business, needs, desires, abilities and earnings to determine whether a loan may be an acceptable risk. Gives financial advice and counsel to customers and prospective customers.
Inquires on existing commercial accounts, maintains relationships
Develops new business and increase or retain existing business.
Manages the entire banking relationship for a portfolio of commercial accounts.
Collects information, analyzes, underwrites, approves/disapproves, negotiates terms and conditions, prepares credit proposals, recommends documentation and disbursement instructions for new and renewed loan requests.
Monitors the performance of the borrower during the relationship, including payments, Borrowing Base Certificates, financial statements, tax returns, insurance
Coordinates with Loan Review and Credit Analysis Manager establishing the risk rating for borrowers including recommendations for a downgrade outside of the review cycle
Has the ultimate responsibility for their portfolio
Maintains a presence and promotes the Bank within the community

Ideal Candidate