Commercial Lending Officer

Lake Elmo Bank • Lake Elmo, MN

2d • $110,000 - $170,000

About The Position

Lake Elmo Bank is seeking a Commercial Lending Officer to source, structure, analyze, negotiate, and close commercial credit facilities, including multi-million-dollar loans, and generate $10–15 million in new business annually. The role covers commercial real estate (CRE), commercial and industrial (C&I), income-producing real estate (IRE), and acquisition, development, and construction (AD&C) lending. It also involves managing client relationships and portfolios, closing loans through the SBA 504 and 7(a) programs, and complying with regulations applicable to commercial loans.

The position is full-time, salaried, and exempt from overtime, and reports to the Senior Vice President, Chief Lending Officer. A bachelor's degree in accounting, finance, business administration, or a related field is preferred. The stated annual salary range is $110,000–$170,000, depending on qualifications.

Lake Elmo Bank describes itself as a community bank serving Minnesota's east metro area, with a personal approach to banking and a commitment to community service. It was chartered in 1911 and reports assets of more than $500 million.

Requirements

• 5–10 years of progressive experience in commercial lending.
• Proven ability to source, structure, analyze, negotiate, and close multi-million-dollar credit facilities.
• Ability to generate $10–15 million in new business annually.
• Ability to work across CRE, C&I, IRE, and AD&C lending.
• Proven client relationship and portfolio management skills.
• Experience closing loans under the SBA 504 and 7(a) lending programs.
• History of compliance with regulations pertaining to commercial loans.

Nice To Haves

• Bachelor’s degree in accounting, finance, business administration, or a related field is preferred.

Responsibilities

• Source, structure, analyze, negotiate, and close multi-million-dollar credit facilities.
• Generate $10–15 million in new business annually.
• Work across CRE, C&I, IRE, and AD&C lending.
• Manage client relationships and loan portfolios.
• Close loans under the SBA 504 and 7(a) lending programs.
• Comply with regulations pertaining to commercial loans.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Bank-paid life insurance
• Short-term disability insurance
• Long-term disability insurance
• Float time
• Vacation time
• Sick time
• 401(k)
• Employee Stock Ownership Plan

What This Job Offers

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