What are the responsibilities and job description for the Commercial Lender position at State Street Bank?
Job Overview
Ignite your career as a Commercial Lender, where you’ll play a pivotal role in fueling local businesses and fostering economic growth. In this dynamic position, you will originate, evaluate, and manage commercial loan opportunities, providing tailored financial solutions that meet clients’ unique needs. In addition, you will assist with ag loan accounts as well. State Street Bank takes community commitment to heart. Come join us and be an owner of the bank through our robust ESOP program!
** This position offers an additional 12% bonus potential! **
Responsibilities
- Identifies prospective commercial clients and assesses their financing needs.
- Conducts thorough credit analyses, including reviewing financial statements, cash flow projections, and collateral evaluations to determine loan viability.
- Prepares and presents comprehensive loan proposals to credit committees, ensuring all documentation aligns with regulatory requirements.
- Manages the loan processing cycle through approval, disbursement, and ongoing monitoring.
- Utilize financial software to analyze data, prepare reports, and streamline the lending workflow efficiently.
- Oversees the cash management program and works closely with the Business Banking Officer to develop and meet sales goals for commercial deposits.
- Actively participates within the community
- Stays informed about industry trends in financial services
Requirements
- Proven success in loan origination and performing as a commercial or ag loan officer within a community banking environments.
- Strong understanding of loan processing procedures, credit analysis, and risk management principles.
- Familiarity with regulatory standards.
- Proficiency with financial software platforms used for loan management and analysis.
- Proven supervisory experience.
- Demonstrated success for promoting profitability.
- Exceptional communication skills to clearly explain loan terms and contractual details to clients.
- Ability to analyze complex financial information quickly and make sound lending decisions.
Join us as a Commercial Lender and become a vital part of our mission to empower local businesses through innovative financing solutions! We are committed to supporting your professional growth while providing a stimulating environment where your expertise makes a difference every day.
Job Type: Full-time
Pay: From $98,916.00 per year
Benefits:
- 401(k)
- Dental insurance
- Employee assistance program
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Parental leave
- Professional development assistance
- Referral program
- Retirement plan
- Vision insurance
Work Location: In person
Salary : $98,916