1 Commercial Lender Job in Cottage Grove, WI
Summit Credit Union is Hiring a Commercial Lender Near Cottage Grove, WI
Summit Credit Union, voted top work place by WSJ and Madison Magazine, has an exciting opportunity to join our business lending team as a Commercial Lender. This position will focus on Micro Business ($50,000 or less) and Micro Plus Business (as determined by BLC or CEO) relationships, this role is responsible for cultivating relationships that translate into new business for the credit union, and providing education, advice and a full range of financial services to a variety of businesses that fall into the above-mentioned range, including but not limited to start-up, entrepreneurial and service-oriented business members, enabling them to increase their financial power. The market area includes focusing primarily on the business needs of our existing member base and businesses within a five mile radius of our branches.
Essential Functions:
- Establish and maintain processes to support the small business credit workflow
- Grow business deposits and loans, increase interest and non-interest income.
- Consult with members and potential members to identify needs and propose solutions to meet those needs.
- Cross-sell a full range of business products and services.
- Lending
- Maintain and service a business loan portfolio of members falling into the Micro and Micro Plus relationship size.
- Analyze credit and financial information of businesses for credit worthiness.
- Make lending decisions according to policy and prepare lending packages for review by senior lenders and the Business Loan Committee as needed.
- Ensure proper documentation and compliance is in place for all files in portfolio.
- Conduct relationship reviews of all loans in assigned portfolio, and develop positive working relationships with internal and external auditors and examiners.
- Manage and monitor all loans within assigned portfolio that have become delinquent or that are otherwise determined to be on our watch list and keep loan quality at industry accepted levels.
- Relationship management
- Develop partnerships with assigned branches that result in reciprocating referrals and an enhanced member experience that addresses both the business and personal needs of our business members.
- Develop strong working relationships both inside and outside the department that promote team values and a common purpose to create a positive member experience through all delivery channels, processes, procedures, and communications.
- Be involved in community and business development activities that enhance the credit union’s visibility and create new business opportunities.
- Work with co-workers, other departments and outside vendors to advance department operations and projects to increase service delivery, efficiency and profitability.
- Assist in the system administration necessary to meet program requirements, including the set-up and ongoing administration of the Loan Origination System as it relates to the policies, procedures and automated decision logic.
- Collaborate with Business Lenders and Branch colleagues to educate and support in-person member inquiries.
- Prepare regular reports on status of business lending portfolio for senior management.
Job Specifications
- Professional well developed interpersonal skills essential for interacting with credit union staff and members.
- Work requires ability to work accurately with figures and ability to perform detailed work with an extremely high degree of accuracy.
- Requires ability to multi-task and prioritize work.
- Bachelor's Degree in Finance or a related field desired; equivalent work experience may be considered.
- Five years of financial institution experience with a minimum of one year direct responsibility for originating loans and understanding of the lending process required. Experience in Business lending or credit analysis a plus. Knowledge of business deposit products and documentation requirements is needed.
- Proven business development and leadership abilities are required. Must have strong relationship management and excellent skills in prospecting and building relationships.
- Basic proficiency in business and financial analysis and modeling skills, with understanding of financial accounting, income statements, balance sheets, etc., requiring the ability to gather, analyze and prepare reports.
- Working knowledge of lending practices, policies, procedures, disclosures and terminology related to banking laws, regulatory requirements and legal documents
- In-depth mathematical skills required (calculations and concepts involving decimals, percentages, fractions, dividend, interest, payoff and equity calculations etc).
- Proficient knowledge of Microsoft Word, Outlook and intermediate knowledge of Excel. Working knowledge of automated financial systems, and ability to learn and adapt to new technologies quickly.
- Valid state driver’s license, proof of insurance and reliable transportation as frequent travel may be required.
Perks
- Excellent health insurnace
- 401K with match
- Student loan pay back
- Excellent PTO, even your birthday is a paid holiday
- Paid volunteer time
- and more
At Summit we cover more ground, give more back and have more fun.
Come be a part of something bigger!
At Summit Credit Union, we are committed to providing Equal Employment Opportunity regardless of race, color, religion, sex, age, national origin, disability, military and veteran status, sexual orientation, gender identity, marital status or any other characteristic protected by local, state, or federal law. We embrace diversity and believe that inclusion is critical to our success as a credit union. Different makes us better. Employment decisions are made based on qualifications, merit and business need.
Job Summary
Full Time
Banking
$45k-59k (estimate)
04/24/2023
06/16/2024
summitcreditunion.com
BEAVER DAM, WI
200 - 500
1935
LYNNETTE HOCH
$50M - $200M
Banking
Related Companies
About Summit Credit Union
At Summit, we have a passion for empowering people to improve their financial well-being. We love to help you save more, pay off debt, set goals and reduce your stress. We don't sell products, we build relationships. You can trust that we'll provide honest advice and real solutions. Helping you secure a bright financial future is our highest goal. Anyone can join Summit Credit Union. And as a not-for-profit financial cooperative, our profits are returned directly to you. That means the more you use us, the more you receive. Think of us as your resource to a richer life.
The job skills required for Commercial Lender include Leadership, Financial Services, Microsoft Word, Loan Origination, etc. Having related job skills and expertise will give you an advantage when applying to be a Commercial Lender. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Commercial Lender. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Commercial Lender positions, which can be used as a reference in future career path planning. As a Commercial Lender, it can be promoted into senior positions as a Loan Processor III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Commercial Lender. You can explore the career advancement for a Commercial Lender below and select your interested title to get hiring information.
If you are interested in becoming a Commercial Lender, 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 Lender for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Commercial Lender job description and responsibilities
A commercial lender grants financial loans to businesses.
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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 Lender jobs
There are many ways to advance in the field of commercial lending. One of the best is to get an advanced degree in business or finance. This will give an individual the skills and knowledge they need to move into management or executive positions.
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They can also advance by taking on more responsibility at your current job, or by moving to a larger bank or financial institution.
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Present a professional loan package.
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Step 3: View the best colleges and universities for Commercial Lender.
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