Business Development Officer

BankWest•Spearfish, SD

About The Position

This position provides a development opportunity for Bankers new to Commercial, Agricultural, and Construction Lending. It may also serve experienced lenders managing smaller or less complex loan portfolios. The role is accountable for managing outstanding credit relationships with existing loan customers and proactively seeking new borrowing relationships. The officer will identify and align new and existing loan customers with additional Enterprise products and services, while adhering to the Bank's Loan Policy, procedures, and compliance requirements.

Requirements

A Bachelor's Degree in a related field, or applicable experience and/or related certifications in lieu of degree.
Bank trainee or intern experience.
2 years' experience in a related field.
Work experience or family background in Agriculture, Ranching, or Small Business.
Excellent credit/financial analytical skills.
Ability to work dependently and/or independently, under pressure, meet deadlines, and adjust work schedules as needed.
Ability to organize and handle multiple responsibilities while delivering quality external and/or internal Customer Service.
Strong interpersonal skills for effective communication with customers.
Knowledge or ability to learn regulatory requirements pertinent to the job.
Knowledge of banking terminology and procedures.
Ability to skillfully use a variety of application software, learn computer programs, and comprehend program output.
Adherence to Federal Privacy Standards and BankWest requirements for electronic communication and Social Engineering standards.
Willingness to participate directly or indirectly in increasing BankWest's market presence.

Responsibilities

Manage a funded loan portfolio between $5,000,000 and $20,000,000, comprised of less complex credits and Commercial, Agriculture, or Construction loans.
Handle all aspects of outstanding Business, Construction, and Agricultural credits for existing loan customers, including monitoring financial strength and performance through research, analysis, and inspection.
Gather, prepare, and analyze supporting financial and credit documentation as required by Bank Policy and procedures, ensuring timely receipt of financial statements, tax returns, and fulfillment of tickler items.
Develop and execute required loan and collateral documentation according to loan type and structure, and close and document funding instructions for new and renewed loan transactions.
Review and decision overdraft payments for existing customers, and manage loan payment performance and collection activities for outstanding credit.
Utilize Customer Relationship Management (CRM) tools to retain existing customers and actively prospect and develop new lending relationships.
Align borrowers with other Business and Consumer Banking products and services.
Proactively prospect and refer other Trust, Brokerage, and Insurance products and services to new and existing Loan customers.
Collaborate 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 related to the current economic environment, including farming, ranching, commodity prices, and the business community, incorporating this knowledge into the underwriting process.
Act in a leadership capacity, providing expertise and counsel, and supporting employee development activities.
Work as a team with departmental counterparts on planning and implementing assigned projects and products.
Participate on various committees and project teams as deemed appropriate by management.
Attend and actively participate in organization, job-specific training, and Quality Service programs.
Adhere to all applicable Policies and Procedures of the BankWest organization.
Engage in community involvement.
Perform other duties as assigned.