Commercial Banking Officer
About The Position
POSITION SUMMARY Responsible for developing, growing, and servicing commercial relationships that include loan and deposit accounts with new and existing businesses. Creates sales opportunities and partners with others to cross sell appropriate business products and services and increase membership. Responsible for underwriting, structuring, and closing member commercial accounts including government sponsored programs. ESSENTIAL DUTIES AND RESPONSIBILITIES Interviews members applying for commercial loans, deposits, and services. Makes decisions within authority and provides recommendations and or referrals when appropriate. Recommends, educates, and sells Magnifi Financial products and services to members. Expands member relationships through follow-up activities to include outbound calls. Makes referrals to appropriate departments to ensure all member needs are met. Performs offsite visits for new and existing members. Provides assistance in-person to commercial members in all areas of the member relationship with Magnifi Financial. Tends to work directly and indirectly with large and complex loans. Makes credit decisions within lending authority and provides recommendations on loans above lending authority. Assists members and lending staff applying for government and third party sponsored programs such as SBA, FSA, and other loan programs. Reviews financial information with member (concerns, strengths, weaknesses). Works with the credit function to complete credit presentations, financial analysis, and risk ratings on existing and prospective credits. Develops and maintains a complex commercial deposit, loan and services portfolio that meets organizational guidelines and maximizes return on equity and asset goals, while minimizing the risk to Magnifi Financial. Pursues new business relationships by seeking new and existing prospects in the market to ensure sufficient new loan, deposit and service volumes are met. Uses the sales process to identify and recommend Magnifi Financial products and services to members based on financial need. Makes referrals to appropriate departments. Performs loan closings with members, ensuring all paperwork is properly completed and complies with legal regulations and Magnifi Financial policies. Performs collections/negotiations on problem member commercial loans. Collaborates with Commercial Banking Officer I and II positions to assist with the commercial banking products and services and the possible transfer of accounts when lending account thresholds are achieved. Assists in training, mentoring and provides functional guidance to other Commercial Bankers and staff. Keeps abreast of rules, regulations and Magnifi Financial policy relating to member commercial loan and deposit accounts. Actively participates in community relations efforts to contribute to the mission and visibility of Magnifi Financial. Ensures positive relationships with members, community leaders and businesses.
Requirements
- Bachelor’s degree in Business, Finance or related field, or equivalent experience.
- Thirteen years of commercial lending experience, or equivalent knowledge and skills gained from related experience.
- Valid driver’s license and auto insurance with minimum liability limits within Magnifi Financial policy
- Must be bondable
Nice To Haves
- Notary Public designation within 3 months of start date in this position desired but not required
Responsibilities
- Interviews members applying for commercial loans, deposits, and services. Makes decisions within authority and provides recommendations and or referrals when appropriate.
- Recommends, educates, and sells Magnifi Financial products and services to members. Expands member relationships through follow-up activities to include outbound calls. Makes referrals to appropriate departments to ensure all member needs are met.
- Performs offsite visits for new and existing members.
- Provides assistance in-person to commercial members in all areas of the member relationship with Magnifi Financial.
- Tends to work directly and indirectly with large and complex loans. Makes credit decisions within lending authority and provides recommendations on loans above lending authority.
- Assists members and lending staff applying for government and third party sponsored programs such as SBA, FSA, and other loan programs.
- Reviews financial information with member (concerns, strengths, weaknesses).
- Works with the credit function to complete credit presentations, financial analysis, and risk ratings on existing and prospective credits.
- Develops and maintains a complex commercial deposit, loan and services portfolio that meets organizational guidelines and maximizes return on equity and asset goals, while minimizing the risk to Magnifi Financial.
- Pursues new business relationships by seeking new and existing prospects in the market to ensure sufficient new loan, deposit and service volumes are met.
- Uses the sales process to identify and recommend Magnifi Financial products and services to members based on financial need. Makes referrals to appropriate departments.
- Performs loan closings with members, ensuring all paperwork is properly completed and complies with legal regulations and Magnifi Financial policies.
- Performs collections/negotiations on problem member commercial loans.
- Collaborates with Commercial Banking Officer I and II positions to assist with the commercial banking products and services and the possible transfer of accounts when lending account thresholds are achieved.
- Assists in training, mentoring and provides functional guidance to other Commercial Bankers and staff.
- Keeps abreast of rules, regulations and Magnifi Financial policy relating to member commercial loan and deposit accounts.
- Actively participates in community relations efforts to contribute to the mission and visibility of Magnifi Financial. Ensures positive relationships with members, community leaders and businesses.
Benefits
- Opportunities for Training and Development
- Leadership Development
- Job Level Advancement (ability to move up in your position through training and development)
- Tuition Reimbursement
- 32 Hours Volunteer Paid Time Off
- Paid Time Off – Begins accruing upon date of hire for a total of 4 weeks per year for FT; prorated for PT
- Medical
- Dental
- Vision
- Employer paid Life Insurance/AD&D
- Employer paid Disability Insurance
- Retirement Plan - Employer match up to 4%, eligible for annual profit sharing
- Paid Parental Leave
- Bonus/Incentive Program
- Employee Engagement/Health and Wellness Programs
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
