Commercial Banking Officer - Seattle

HERITAGE BANK • Seattle, WA

4h • Onsite

About The Position

Heritage Bank is seeking an experienced commercial banking officer to provide a full range of commercial banking services. This includes developing new business and client relationships, producing a variety of commercial loans, generating and managing a portfolio of business and corresponding relationships, and seeking new accounts through calling efforts, marketing, and referrals. The role also involves coordinating the cross-sale and delivery of bank products and services, serving as a trusted advisor, and having responsibility for underwriting, structuring, and closing commercial loans that meet established lending requirements and maximize profitability with minimal risk. Depending on the level, the position may also involve developing, training, coaching, and motivating less experienced bankers to achieve loan goals.

Requirements

• Level II: 5+ years of commercial banking experience providing financial expertise, counsel and customized solutions to business clients required.
• Level III: 8+ years of progressively responsible commercial lending experience providing financial expertise, counsel and customized solutions to business clients with proven experience successfully managing complex commercial banking relationships required.
• Level IV: 10+ years of progressively responsible commercial lending experience providing financial expertise, counsel and customized solutions to business clients with proven experience successfully managing complex commercial banking relationships required.
• Excellent business development skills with proven success in prospecting and building relationships to enhance commercial loan opportunities and entrusted to make quality credit decisions required.
• Demonstrated ability to deliver exceptional customer service and maintain client relationships, both internally and externally.
• Customer-centric mindset, with the ability to translate customer issues/needs into profitable business solutions.
• Networking and relationship building skills, with demonstrated expertise and success in business development and sales processes and strategies.
• A proven track record as an individual contributor who has grown top line results in a service oriented business.
• Effective listening, verbal, written, and telephone etiquette business communication skills, including effective questioning strategies and presentation skills; ability to read, write, speak and understand English well.
• Strong problem solving and decision-making skills, with demonstrated ability to quickly focus on key issues, make decisions under pressure of time constraints and translate business development challenges into opportunities.
• Ability to identify recurring and non-recurring sources of cash flow and guarantors’ ability to service debt.
• Business and financial analysis and modeling skills, with understanding of financial accounting, income statements, balance sheets, etc., requiring the ability to gather, analyze and prepare reports.
• Working knowledge of lending practices, policies, procedures, disclosures and terminology related to banking laws, regulatory requirements and legal documents.
• Strong planning, organizational, time management and follow up skills, demonstrating a strong sense of urgency and ability to execute quickly, timely and efficiently.
• An ability to analyze and synthesize information accurately and effectively, multi-task and decide key priorities with confidence, motivation, decisiveness, flexibility, and sound business judgment.
• Understanding of the Bank’s credit underwriting policies and approval process for assigned loans.
• Ability to handle and deal with sensitive and confidential matters in an efficient manner.
• Proficient PC experience using MS Office products (Word, Excel, Outlook) and retrieval of data; working knowledge of automated financial systems, with the ability to learn and adapt to new technologies quickly.
• Willingness to travel to other branch, customer, business locations, and meeting sites, which may include overnight travel and extended stay availability when needed; valid driver’s license, clean driving record, proof of insurance, and access to reliable transportation; or the ability to access and utilize an alternative method of transportation, when needed, to carry out job-related essential functions.

Nice To Haves

• Bachelor's degree in Business, Finance, Accounting or Marketing - preferred.
• Advanced knowledge of commercial real estate and C&I lending practices preferred.
• Formal credit training and/or Pacific Coast Banking School Graduate or equivalent preferred.

Responsibilities

• Establish and service a sound loan portfolio by cultivating new and expanding existing business through an effective calling program. Regularly achieve and/or exceed agreed-upon benchmarks and annual goals.
• Build solid, profitable relationships with clients/prospects characterized by mutual respect, understanding and trust. Work to establish his/her role as a trusted financial advisor.
• Evaluate the overall resources and capabilities of the client/prospect’s business, considering current industry dynamic, financial and operational strategy, economic conditions and market trends and prioritizes client/prospect opportunities.
• Analyze client/prospect needs, and recommends appropriate solutions that match those needs, consistent with the Bank’s credit culture, and maximizes Heritage Bank’s profitability and shareholder value.
• Analyze and screen loan requests. Negotiate terms/conditions, structure loan financing based on risk considerations consistent with Bank policy and Asset/Liability guidelines; approve loans within assigned lending limits; and/or prepare/ present credits outside lending limits for approval to appropriate levels of authority, as required.
• Foster and maintain cohesive partnerships and working relationships with all lines of business within the Bank to build a trusted and productive sales and service referral process.
• Effectively evaluate and manage each client relationship and transaction for financial and credit risk and potential loss to the Bank, ensuring adequate safeguards and monitoring of accounts. Ensures collateral, routinely reviews cash-flow and ensures standards and loan terms are met on an ongoing basis.
• Proactively leverage ideas, insights, and relationships to generate new and incremental loan and deposit business for Heritage Bank; utilizes existing client/prospect base and network of clients/prospects referral sources and means of improving client acquisition and retention.
• Ensure timely and thorough monitoring of all credits through periodic reviews, continued analysis, proper credit quality grading, and proper documentation. Maintains ongoing contact with client to be kept current on significant changes in financial condition or operations. Remedy loan deficiencies where appropriate, including loans out of compliance with borrower’s loan agreement, or out of formula with borrowing base.
• Prepare and present all required and requested loan reports in a timely manner.
• Monitor the performance of the borrower over the life of the loan. Able to recognize developing problems and bringing them to the attention of management. For troubled credits, assist in developing a strategy to return the credit to a pass rating or exit strategy.
• Comply with government regulations by maintaining an up-to-date knowledge of commercial law, UCC, and banking regulations/policy to assure conformity with required laws and terms.
• Maintain an awareness of competitive products, practices, rates and changes in the local market.
• Ensure Bank activities are performed in compliance with the Bank’s Policies and Standards, in partnership with Enterprise Risk Management and other internal banking partners.
• Represent the Bank in the local community through proactive participation in community, charitable, business and social activities to allow for maximum client and customer contact.

Benefits

• total rewards package
• base salary based on the role, experience, and skill set
• exceptional benefits package (medical, dental, vision, life insurance, 401(k), community volunteer time)
• generous time off policy
• minimum of 10 paid vacation days annually
• eight hours of paid sick leave per month
• 11 paid holidays each calendar year
• an annual float day
• monthly, quarterly or annual incentive, and/or bonuses (depending on position)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 251-500 employees