Commercial Loan Officer

Stillman Bank Corp NA•Rockford, IL

5d•$90,000•Hybrid

About The Position

The Commercial Loan Officer executes an effective business development strategy to grow credit revenue, and services a variety of secured and unsecured loans or lines of credit. Develops commercial financing relationships through a variety of strategies, including calling efforts, professional affiliations and networking, community involvement activities and referrals from both internal business partners and external centers of influence. Provides expert financial advice and guidance to credit customers throughout the loan cycle, from application to close. Achieves a thorough understanding of a borrower’s business objectives, and functions as a business partner throughout the credit relationship. Researches and provides knowledgeable analysis regarding a potential borrower’s financial situation, as well as an assessment of the market, business conditions, credit status and property evaluations. Follows established loan policies and procedures to mitigate credit extension risks, and works collaboratively within the commercial credit approval process to ensure that underwriting and credit quality standards are implemented and maintained. Approves financing decisions within assigned limits or makes recommendations to senior management regarding extension of credit determinations. Manages ongoing portfolio credit quality. Works collaboratively with senior management in all aspects of credit extension and reports any known or suspected violation of regulatory compliance issues. Retains and strengthens current customer relationships. Identifies and successfully cross-sells appropriate bank products and services to new and current customers, and makes appropriate referrals to other functional areas. Serves as the bank’s primary point of contact for the business customer, and manages difficult credit situations as they may arise. Represents Stillman Bank within the communities we serve in a professional manner, through active participation in community organizations, seeking leadership roles where appropriate. Serves on various internal committees within the bank and performs duties at regular meetings as assigned. Directs, reviews and trains supporting staff members as appropriate. Participates in ongoing training and self-development programs to assure all responsibilities of this position are handled appropriately according to the law.

Requirements

Appropriate bachelor’s degree in business, finance or sales, or an equivalent combination of education and experience.
3 or more years of previous commercial banking experience.
Strong knowledge of lending guidelines, loan requirements, regulations, and compliance issues.
Significant experience with business development and sourcing.
Significant experience with loan portfolio management.
Significant experience with customer relationship strengthening.
Significant experience with difficult credit situation management.
Excellent sales and advisory skills.
Strong leadership skills.
Strong analytical skills.
Strong communication skills.
Strong presentation skills.
Strong problem-solving skills.
Efficient computer skills.
Command of typical business software.

Responsibilities

Execute an effective business development strategy to grow credit revenue.
Service a variety of secured and unsecured loans or lines of credit.
Develop commercial financing relationships through calling efforts, professional affiliations, networking, community involvement, and referrals.
Provide expert financial advice and guidance to credit customers throughout the loan cycle.
Gain a thorough understanding of a borrower’s business objectives and act as a business partner.
Research and analyze a potential borrower’s financial situation, market, business conditions, credit status, and property evaluations.
Follow established loan policies and procedures to mitigate credit extension risks.
Collaborate within the commercial credit approval process to ensure underwriting and credit quality standards are maintained.
Approve financing decisions within assigned limits or make recommendations to senior management.
Manage ongoing portfolio credit quality.
Collaborate with senior management on credit extension and report regulatory compliance violations.
Retain and strengthen current customer relationships.
Identify and cross-sell appropriate bank products and services.
Serve as the primary point of contact for business customers.
Manage difficult credit situations.
Represent Stillman Bank professionally in the community.
Serve on internal committees and perform assigned duties.
Direct, review, and train supporting staff.
Participate in ongoing training and self-development programs.

Benefits

Competitive pay
Paid time off (available up front)
Paid vacation time
Paid flex (personal) time
Paid wellness time
Paid birthday
Paid volunteer time off
11 paid holidays
2 health plans through Blue Cross Blue Shield of Illinois
Dental insurance
Vision insurance
Short-term disability insurance (paid by bank)
Long-term disability insurance (paid by bank)
Life insurance (paid by bank)
Option to purchase additional life insurance for self, spouse, or dependents at a group rate
Discretionary 401k match
Profit-sharing contributions