1 Commercial Loan Officer Job in Lakewood, OH

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Commercial Loan Officer

First Mutual Holding Co.

Lakewood, OH | Full Time

$68k-91k (estimate)

6 Months Ago

Commercial Loan Officer

$68k-91k (estimate)

Full Time 6 Months Ago

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First Mutual Holding Co. is Hiring a Commercial Loan Officer Near Lakewood, OH

Apply Job Type Full-time Description Position Summary:The Commercial Loan Officer is responsible for commercial banking for companies up to $60 million in revenue. Duties and Responsibilities:Manages business development by acquiring new commercial banking business by utilizing effective calling techniques to achieve corporate growth; maintains and develops relationships with centers of influence including, accountants, attorneys, community leaders, professional and/or social organizations; attends networking, charity, and corporate functions for prospecting and establishment of relationships. Responsible for meeting or exceeding Commercial Loan Officer Level 2 sales plan.Manages portfolios and underwriting by coordinating with clients on accounts and other issues related to the commercial relationships; works with commercial team members to facilitate credit application process, perform site visits, work with underwriter to obtain decisions, and work with underwriting to perform annual reviews of assigned portfolio; identifies, evaluates, structures and documents commercial credit transactions to ensure maximum profitability with reasonable risk; monitors credit quality within assigned portfolios and takes action as appropriate.Works closely with other departments to handle client service issues and to cross sell other bank products; handles high level executive account and loan requests to reinforce extraordinary service levels.Professionally represents the bank in civic and community functions to further enhance the bank's visibility while increasing business development.Acts as a mentor to credit analysts, portfolio managers, and less experienced loan officers.Attends training to continually improve sales and presentation skills, commercial, SBA, treasury management knowledge, and other applicable banking knowledge.Manages service providers and vendors effectively; structures relationships with service providers in a strategic manner; sets expectations; develops performance metrics; measures vendor performance, provides feedback and holds accountable.Complies with all applicable banking laws and regulations, including, but not limited to the Bank Secrecy Act, USA Patriot Act, and related anti-money laundering statutes, and federal consumer protection legislation and regulations.Other Duties as assigned.The duties outlined above are a summary and may not be an exhaustive or comprehensive list of all possible responsibilities, tasks, and duties. All job descriptions may be amended at any time at the sole discretion of FMHC. Requirements Qualifications and Skills:Commercial lending/sales experience and a demonstrated track record of success in meeting progressive plan goals, developing commercial business, portfolio management, and effective cross-departmental collaboration is requiredThorough understanding of commercial lending laws, regulations, and guidelines is required.Bachelor's degree in accounting, finance, statistics, business or other related field is required; Master's degree is preferred.Proficiency in MS Office [Outlook, Excel, Word] or similar software is required. EasyLender, Cleartouch, OnBase, CreditQuest, various government and investor software/web portals is preferred. CRM software is preferred.Experience in financial services or banking is preferred.Completed, actively pursuing or willing to begin progressive OBL/ABA certification courses related to position, required.Necessary competencies:ResilienceCommunicationService OrientationDecisivenessTrusted AdvisorOrganizational Skills Drive for ResultsProfessional DevelopmentPhysical Environment:While performing the duties of this job, the employee is regularly required to lift, walk, stand, sit, bend, reach with hands and arms, climb, push/pull, use hands, and see, hear and speak.The employee must occasionally lift and/or move up to 25 pounds.The noise level in the work environment is usually quiet to moderate.This position is performed in an office setting, five days a week with typical work hours being 8.30a through 5.15p.
First Mutual Holding Co. and First Federal Lakewood is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation. First Federal Lakewood participates in E-Verify and supports your right to work.

Job Summary

JOB TYPE

Full Time

SALARY

$68k-91k (estimate)

POST DATE

11/22/2023

EXPIRATION DATE

05/22/2024

WEBSITE

firstmutualholding.com

HEADQUARTERS

LAKEWOOD, OH

SIZE

25 - 50

FOUNDED

2015

TYPE

Private

CEO

THOMAS FRASER

REVENUE

<$5M

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About First Mutual Holding Co.

FMHC is a financial services firm that offers deposit, lending, cash management and investment services to individuals and businesses.

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The job skills required for Commercial Loan Officer include Commercial Loans, Business Development, Underwriting, Presentation, Commercial Banking, Financial Services, etc. Having related job skills and expertise will give you an advantage when applying to be a Commercial Loan Officer. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Commercial Loan Officer. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Commercial Loan Officer positions, which can be used as a reference in future career path planning. As a Commercial Loan Officer, it can be promoted into senior positions as a Group/Region Manager I (Commercial Loans) that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Commercial Loan Officer. You can explore the career advancement for a Commercial Loan Officer below and select your interested title to get hiring information.

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If you are interested in becoming a Commercial Loan Officer, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Commercial Loan Officer for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

Quotes from people on Commercial Loan Officer job description and responsibilities

Consulting with managers about credit policies, credit lines, standards, and procedures

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Advising clients on suitable loan and credit options.

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Liaising between borrowers and underwriting departments.

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Training and supervising loan administrators.

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Obtaining and assessing financial information, including financial statements and credit histories.

03/29/2022: Buffalo, NY

Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Commercial Loan Officer jobs

On-the-job Training & Related Experience.

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Certification (recommended / optional).

02/26/2022: Grand Rapids, MI

Determine an Acceptable Level of Risk.

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Take time each day to count the good things.

04/04/2022: Mcallen, TX

Organize, Organize, Organize.

02/06/2022: Corpus Christi, TX

Step 3: View the best colleges and universities for Commercial Loan Officer.