VP Commercial Banking

We are seeking a Vice President, Commercial Banking to join our lending team. Reporting to the Senior Vice President Team Lead, the VP is responsible for developing new loan and deposit business, underwriting, structuring, and closing of commercial loans, as well as maintaining and servicing an existing portfolio. Represents the bank in local community through active participation in community affairs and participates in marketing all the bank’s products and services.

RESPONSIBILITIES: 

• Source, develop and underwrite new financing requests for new and existing customers
• Maximize bank profitability through appropriate pricing of new loan originations, fee income
• Attain established goals for loan and deposit growth
• Review, approval and disposition of commercial overdrafts
• Negotiate terms, structure loan financing based on risk considerations and present credits for approval to appropriate levels of authority with the bank as required
• Use appropriate collection techniques and restructuring to minimize loss and risk of principal and interest
• Review existing loan portfolio for documentation exceptions and periodic financial statements to maintain established quality standards consistent with bank policy
• Actively participate in weekly loan committee meetings
• Maintains knowledge of various loan and deposit programs and bank products
• Present information on new credit requests, loan extensions and annual review for committee action
• Support the bank’s strong relationship banking culture through on-going customer contact, quality customer service, and superior product knowledge
• Adhere to the bank’s policies, procedures, security requirements and government regulations including (but not limited to) BSA.
• Identifies opportunities to grow BWB’s deposit portfolio by working with Treasury Management & Deposit Services team members

WHAT SUCCESS LOOKS LIKE:

• Growing client base of both loan and deposit relationships
• Meeting and exceeding production goals
• Works effectively and efficiently with internal client teams through in-person interactions and contributions to company culture
• Ability to independently close complex LIHTC transactions and manage complex client relationships

QUALIFICATIONS:

• Bachelor’s degree in Finance, Economics or related field and/or equivalent combination of education and experience
• 7 years of related banking experience
• Demonstrated experience sourcing, underwriting, structuring, closing, and managing complex commercial real estate loans
• Formal credit training
• Excellent verbal, written, and interpersonal communication skills
• Demonstrated persuasion skills and ability to develop strong relationships
• Proven track record in working with all levels of senior management
• High attention to detail and in-depth knowledge of lending and lending policies and procedures

ABOUT BRIDGEWATER BANK:

Picture yourself at one of the Twin Cities’ best places to work, surrounded by people who challenge you, support you, and inspire you to be your best. Welcome to Bridgewater Bank.

We’re on a mission to be the finest entrepreneurial bank in the Twin Cities. Like true entrepreneurs, we run fast and lean. We are in constant evolution and the runway for personal and professional growth is long. People are our strength, and that’s why we’ve created and sustained an award-winning culture that promotes growth and celebrates the big and little wins along the way.

At the end of the day, we believe competitive salaries, top-tier benefits, and transparency into the business is a given. Working together toward something meaningful with people you enjoy, is just a bonus! Will you join us? 

COMPENSATION & BENEFITS: 

The typical annual/hourly base pay range for this role is between $123,000 - $151,300. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance. 

Bridgewater Bank provides a broad offering of competitive benefits including (but not limited to): 

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Parental leave
• 401(k) with employer match
• Paid vacation & paid holidays

 PLEASE NOTE:

The above is intended to describe the general content of and requirements for this position.  It is not to be construed as an exhaustive list of duties, responsibilities, or requirements. It is Bridgewater Bank’s policy to promote equal employment opportunities. All personnel decisions, including, but not limited to, recruiting, hiring, training, promotion, compensation, benefits and termination, are made without regard to race, creed, color, religion, national origin, sex, age, marital status, sexual orientation, gender identity, citizenship status, veteran status, disability or any other characteristic protected by applicable federal, state or local law.

STATUS: Exempt