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COMMERCIAL LENDER

First Western Bank & Trust

COMMERCIAL LENDER

Eden Prairie, MN +1 location
Full Time
Paid
  • Responsibilities

    Job Description

    Our team offers great benefits including: paid vacation, holidays and sick leave; health and dental insurance; 401k with matching contributions; volunteer paid time off; banking benefits; and more! This is a great opportunity for the right candidate.

    Position Overview

    Develop new commercial loan business for First Western Bank & Trust through securing, structuring, and closing loans. Maintain and service existing commercial lending portfolio.

    Essential Job Functions

    • Conduct sales calls and meet with prospective and existing customers to establish new loan business
    • Represent the bank in local community at meetings and events to market the bank’s products and services
    • Administer individual loan portfolio including commercial and other assigned loans
    • Interview loan customers to determine lending needs
    • Work with the Small Business Administration and Bank of North Dakota to qualify customers for participation lending programs
    • Negotiate direct lending terms as well as collateral and payment structures
    • Maintain customer relationships through regular communication and follow up contact
    • Meet with customers to request information for loan applications, including appraisals, credit reports, background checks and other information needed for loan evaluation
    • Compile financial information including income tax records, balance sheets and other data to create loan spreads
    • Analyze applicant financial status and conduct collateral evaluations to make lending decisions
    • Approve credits up to lending authority and prepare those credit requests that exceed lending authority for Board approval
    • Assemble and maintain complete loan files
    • Conduct loan reviews on existing customers annually
    • Collaborate with management on loan policies and procedures and make recommendations for improvement
    • Participate in the bank’s loan committee
    • Review loan reports to determine the status of payment and work with customers to collect outstanding balances
    • Ensure documentation complies with bank policy as well as State and Federal Regulations
    • Maintain continuing education related to lending certification and compliance standards
    • Remain up-to-date with banking laws, regulations and the Bank’s policies and procedures, including Bank Secrecy Act compliance

    Other Duties

    • Conduct site visits and collateral inspections as necessary
    • Other duties, responsibilities and activities may be assigned with or without notice

    Qualifications

    • Bachelor’s degree in business or finance related field
    • 5 years’ experience in bank lending, loan review, compliance or finance
    • Strong understanding of financial statements and credit standards
    • Knowledge of business management principles preferred

    Skills/Abilities

    • Excellent oral and written communications skills
    • Demonstrate professionalism in working with the public and all levels of management
    • Ability to define problems, facts and draw valid conclusions
    • Strong analytical, problem solving and decision-making skills
    • Computer proficiency, especially in Microsoft Excel

    First Western Bank & Trust is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or national origin.

  • Locations
    Eden Prairie, MN • Sioux Falls, SD