What are the responsibilities and job description for the Commercial Loan Officer position at Midstates Bank?
Job Purpose
The role of the Commercial Loan Officer is to develop and administer an effective calling program along with managing commercial loan accounts that meet established lending requirements and provide maximum profitability to the bank at minimum risk. The calling program will target prospective customers in conjunction with the bank's strategic plans to gain market share. Additionally, the program will incorporate calls to existing customers to promote new or additional services with Midstates Bank. The Loan Officer will actively seek out opportunities to increase Midstates Bank's customer base, in accordance with the Bank's core values and service standards.
Community
Essential Functions:
Strong interpersonal skills, financial analysis skills, proven ability to develop and enhance client relationships, extensive knowledge of all bank deposit and loan products including SBA/FSA and other third-party offerings, strong computer skills in Microsoft Office products. Experience in Moody's Lending Cloud software is beneficial.
Education
Four-year college degree preferably in Business, Finance, Economics or a related field.
Experience
Minimum of 5 years of commercial lending experience. Bank experience preferred.
Accounting or bookkeeping experience in formation of financial statements and cashflows.
The role of the Commercial Loan Officer is to develop and administer an effective calling program along with managing commercial loan accounts that meet established lending requirements and provide maximum profitability to the bank at minimum risk. The calling program will target prospective customers in conjunction with the bank's strategic plans to gain market share. Additionally, the program will incorporate calls to existing customers to promote new or additional services with Midstates Bank. The Loan Officer will actively seek out opportunities to increase Midstates Bank's customer base, in accordance with the Bank's core values and service standards.
Community
Essential Functions:
- Establishes and maintains a visible presence in all market areas.
- Attends civic activities to promote growth and development of the community and represent the bank in a positive manner.
- Stays informed on emerging trends, innovations, and best practices within the community and industry.
- Makes business development calls to key accounts in the market area.
- Calls on public officials, business owners, and centers of influence within the community to develop a strong core deposit base.
- Prospects and sells loan products and services as needed by clients.
- Tracks and reports results through CRM software.
- Interviews loan applicants, collects and analyzes financial and related data to determine the general creditworthiness of the prospect and the merits of the specific loan request.
- Establishes, and negotiates where necessary, terms under which credit will be extended, including the cost, repayment method, and schedule and collateral requirements.
- Collects and analyzes information that reflects the current creditworthiness of customers and the current merits of existing loans. May obtain information through direct inspection of the applicant's business and/or collateral, review of interim financial reports, personal interview, and other means.
- Monitors loan repayment activities and takes necessary action to collect from past due accounts.
- Advises customers, where possible, concerning business management and financial matters.
- Prepares loan presentations for the benefit of loan committees as required.
- Works closely with colleagues and lending team including loan officers, loan administrators, and credit analysts.
- Makes recommendations for new or improved products and services through identifiable needs of the customers.
- Other duties as assigned by Midstates Bank management team
Strong interpersonal skills, financial analysis skills, proven ability to develop and enhance client relationships, extensive knowledge of all bank deposit and loan products including SBA/FSA and other third-party offerings, strong computer skills in Microsoft Office products. Experience in Moody's Lending Cloud software is beneficial.
Education
Four-year college degree preferably in Business, Finance, Economics or a related field.
Experience
Minimum of 5 years of commercial lending experience. Bank experience preferred.
Accounting or bookkeeping experience in formation of financial statements and cashflows.