1 Commercial Lender Job in Troy, MI
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Superior National Bank is Hiring a Commercial Lender Near Troy, MI
Department:
Commercial Lending
Reports To:
SVP/Commercial Lending Director
Last Updated:
02.26.24
Summary:
Build relationships with Commercial customers. Evaluate, authorize, or recommend approval of commercial loans.
Position-Specific Duties & Responsibilities:
- Meet with business loan applicants to obtain information for loan applications and to answer questions about the process
- Explain to customers the different types of loans and credit options available, as well as the terms of those services
- Obtain, compile, and analyze financial, credit, and background information on potential and existing borrowers as necessary for loan processing
- Analyze applicants’ financial status, credit, and property evaluations to determine feasibility of granting loans
- Approve loans within specified limits, and refer loan applications outside those limits for approval, based on the financial institution’s policies and procedures
- Negotiate loan terms such as costs, loan period, loan repayment methods, and collateral specifications; make site/plant visits; and inform borrowers of loan commitments
- Review loan agreements to ensure that they are complete and accurate according to policy
- Coordinate collection efforts with loan collectors and contact borrowers
- Work with clients to identify their financial goals and find ways of reaching those goals
- Assist in identifying competition, trends, unfulfilled borrower needs, and potential lending opportunities
- Understand and follow bank/department regulations, policies, and procedures, and participate in all compliance-related training
- Thoroughly understand the Treasury Management products and services the bank offers
- Promote and cross-sell other bank products and services to commercial customers, including deposit accounts and Treasury Management products and services
- Other duties as assigned and/or necessary
Education & Experience:
- Bachelor’s degree in business, finance, or related field; or equivalent combination of education and experience
- Five or more years commercial lending experience
Job Summary
Full Time
Banking
$43k-57k (estimate)
12/22/2023
05/11/2024
snb-t.com
HOUGHTON, MI
50 - 100
1890
Private
WILLIS FONTAINE
$10M - $50M
Banking
Related Companies
About Superior National Bank
SNB is a provider of commercial and personal banking products and services for individuals and businesses.
The job skills required for Commercial Lender include Loan Processing, Loan Review, Products and Services, 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.
04/12/2022: Schenectady, NY
Commecial Lender resolves uncertainties relating to customer application information through inquiries with applicant or creditors.
03/12/2022: Fayetteville, AR
They structure loans within loan policy. Approves loan within specified limits or champions loan opportunities to the credit department and/or Committee for proper approval.
03/19/2022: Gary, IN
Commercial Lender prepares financing proposals consistent with approval for presentation to the applicant.
04/08/2022: Evansville, IN
Commercial lenders also look at the purpose of the business, the character of the business owner, where the business operates, and the projected annual sales and growth for the business..
03/11/2022: Corpus Christi, TX
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.
05/09/2022: Worcester, MA
They can also advance by taking on more responsibility at your current job, or by moving to a larger bank or financial institution.
03/14/2022: Tallahassee, FL
Present a professional loan package.
04/08/2022: Somerset, NJ
Minimum of 5 years’ experience in Commercial Lending, with a preference for existing experience within service area
04/03/2022: Hartford, CT
Attend credit training.
04/02/2022: Stamford, CT
Step 3: View the best colleges and universities for Commercial Lender.
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