Business Development Officer

BankWest•Spearfish, SD

21h

About The Position

This position provides a development opportunity for bankers new to Commercial, Agricultural, and Construction Lending. It may also suit experienced lenders managing a smaller or less complex loan portfolio. The officer manages existing customer credit relationships, seeks and establishes new borrowing relationships, and identifies opportunities to align customers with additional Bank products and services. All work must be performed consistently with the Bank’s loan policy, procedures, and compliance requirements. The role manages a funded loan portfolio of $5,000,000 to $20,000,000, consisting of less complex Commercial, Agricultural, or Construction credits. It covers the full range of activities for existing business, construction, and agricultural credits, including customer financial monitoring, credit analysis, documentation, loan closing, payment performance, and collections. The officer also prospects for new lending relationships, makes referrals to other banking and financial services, and works with internal credit and business banking resources to structure and document loan packages. The officer is expected to contribute relevant expertise and counsel, support employee development and assigned projects, participate in training and committees as appropriate, follow BankWest policies and procedures, and engage in community activities. BankWest identifies itself as a sales organization and expects employees to contribute directly or indirectly to strengthening its presence in their markets.

Requirements

Bachelor’s degree in a related field; applicable experience and/or related certifications may be considered in lieu of the degree.
Bank trainee or intern experience.
Two years of experience in a related field.
Work experience or family background in Agriculture, Ranching, or Small Business.
Excellent credit and financial analytical skills.
Ability to work dependently and/or independently, under pressure, meet deadlines, and adjust work schedules as needed.
Ability to organize and manage multiple responsibilities while delivering quality service to internal and/or external customers.
Strong interpersonal skills for effective communication with internal and/or external customers.
Knowledge of, or ability to learn, regulatory requirements pertinent to the specified duties.
Knowledge of banking terminology and procedures.
Ability to use a variety of application software, learn computer programs, and understand program output.
Adherence to Federal Privacy Standards and BankWest requirements for electronic communication and Social Engineering standards.

Responsibilities

Manage a funded loan portfolio between $5,000,000 and $20,000,000, composed of less complex Commercial, Agricultural, or Construction credits.
Handle all aspects of outstanding Business, Construction, and Agricultural credits for existing customers, including monitoring financial strength and performance through research, analysis, and inspection.
Gather, prepare, and analyze financial and credit documentation required by Bank policy and procedures.
Obtain financial statements, tax returns, and completion of tickler items in a timely manner.
Develop and execute loan and collateral documentation appropriate to loan type and structure.
Close and document funding instructions for new and renewed loan transactions.
Review and make decisions on overdraft payments for existing customers.
Manage loan payment performance and collection activities for existing customers’ outstanding credit.
Use CRM tools to retain existing customers and actively prospect for new lending relationships.
Connect borrowers with other Business and Consumer Banking products and services.
Prospect and refer Trust, Brokerage, and Insurance products and services to new and existing loan customers.
Work with the Credit Analyst Team, Business Banking Assistant, and Credit Lending Officer to structure, analyze, and document loan packages and credit recommendations.
Gather and apply information about the current economic environment, including farming, ranching, commodity prices, and the business community, in the underwriting process.
Provide relevant expertise and counsel in a leadership capacity and support the Bank’s work and employee development activities.
Collaborate with departmental counterparts to plan and implement assigned projects and products.
Participate in committees and project teams as deemed appropriate by management.
Attend and actively participate in organizational and job-specific training and Quality Service programs.
Follow all applicable BankWest policies and procedures.
Participate in community involvement, which is strongly encouraged.
Perform other duties as assigned.
Contribute directly or indirectly to increasing BankWest’s presence in its markets.