Business Banker

Dacotah Bank • Sioux Falls, SD

5d

About The Position

The Business Banker makes and services a wide variety of secured and unsecured business and individual loans. The role involves interviewing applicants to assess their businesses, needs, financial ability, and earnings; evaluating loan risk; making lending decisions within established limits or recommending decisions to a supervisor; and participating with management on larger loans. The banker monitors loan status and compliance, provides financial advice to customers and prospects, and studies business and financial situations to offer recommendations. The role also develops new business and retains existing business through customer outreach.

The position performs commercial lending duties in accordance with Bank policies and applicable regulatory requirements. It contributes to lending and leasing goals, policies, programs, and operating plans; monitors the effectiveness of lending functions and portfolio performance; responds to market and regulatory developments; and supports loan collection efforts. The banker builds relationships with local businesses and organizations, promotes the Bank's lending services, participates in business development and community activities, and supports colleagues and customers. The role also maintains professional expertise and performs other duties as assigned.

Requirements

• Bachelor's degree from an accredited four-year college or university, or an equivalent combination of education and experience.
• At least 2 years of experience in community banking, unless qualifying through an equivalent combination of education and experience.
• Strong interpersonal and relationship-building skills with internal colleagues, clients, and prospects.
• Strong credit and analytical skills.
• Highly detail-oriented.
• Highly developed communication skills, including the ability to write clear and concise credit correspondence.
• Ability to independently and proactively manage relationships and effectively handle multiple priorities.
• Ability to advocate persuasively.
• Ability to learn and multitask efficiently.
• Technology proficiency, including MS Excel, MS Outlook, Moody’s underwriting, and SalesForce.

Responsibilities

• Make and service a wide variety of secured and unsecured business and individual loans.
• Interview loan applicants and assess their businesses, needs, abilities, earnings, and credit risk.
• Make loan decisions within established lending limits or recommend decisions to a supervisor; participate with management on larger loans.
• Monitor loan status and ensure borrowers comply with loan terms.
• Provide financial advice and counsel to customers and prospective customers; study business and financial situations and make recommendations.
• Call on potential and existing customers to develop new business and increase or retain existing business.
• Perform commercial lending duties in compliance with Bank policies and applicable regulatory and governmental requirements.
• Direct and participate in establishing lending and leasing goals, and develop and implement approved policies, programs, and operating plans.
• Monitor lending and leasing effectiveness against performance standards; identify problems and trends and develop corrective strategies.
• Analyze portfolio performance and evaluate lending policies and practices against return-on-investment and customer-service goals and changing economic conditions.
• Track market and regulatory developments, identify lending markets, and develop plans to respond to opportunities and changes.
• Monitor and participate in collection efforts, including collecting seriously delinquent loans and developing revised repayment terms or schedules.
• Build and maintain relationships with local businesses and organizations, promote the Bank's lending services, and participate in the Bank's Calling Program and other business development activities.
• Represent the Bank in industry and professional associations, community organizations, and local business groups.
• Assist co-workers with customer inquiries, difficult problems, and other work; ensure prompt and courteous responses.
• Assist in establishing goals and implementing them, and help develop manuals and supporting documentation.
• Maintain education and professional expertise through job-related seminars, conferences, workshops, and involvement in professional, civic, and community groups.
• Use government programs when deemed necessary to meet customers' credit needs.
• Perform other duties as assigned.

Benefits

• Health insurance; Dacotah Bank pays 100% of the premium for individual and family coverage.
• Dental insurance; Dacotah Bank pays 100% of the premium for individual and family coverage.
• Health Savings Account.
• Life insurance for the employee and family.
• Paid vacation and sick time.
• Retirement plan options.
• Additional perks and benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level