Sterling, Illinois, United States · On-site
Description Commercial Loan Officer is responsible for business development in the community and surrounding area with emphasis on Commercial Lending. Develop and increase the portfolio of commercial and agricultural loa…
Skills: Commercial Lending, Business Development, Underwriting, Loan Analysis, Credit Quality Standards
Sterling, Illinois, United States · On-site
$65k–$85k/yr
Description The primary role of the LPM is to support the analysis of the credit worthiness of the organization’s commercial credit relationships. This role is responsible for the client credit relationships in the comme…
Skills: Credit Analysis, Risk Management, Underwriting, Financial Statement Analysis, Portfolio Management
Clinton, Iowa, United States · On-site
$25/hr–$37/hr
Description UNIVERSAL BANKER 1 This position is the Customer Ambassador for the financial institution with the overall purpose of providing quality and efficiency to customers, often through digital or electronic interfa…
Skills: Teller Transactions, Cash Vault Management, Mortgage Loan Origination, Customer Service, Financial Product Sales
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Responsible for business development and managing a portfolio of commercial and agricultural loans under $20M. Duties include underwriting loans, reviewing customer financial conditions, and maintaining high asset quality through active monitoring.
Requires a Bachelor's degree in business, finance, or a related field. Candidates must have five to ten years of similar experience and advanced analytical skills for loan and market trend analysis.
Description
Commercial Loan Officer is responsible for business development in the community and surrounding area with emphasis on Commercial Lending. Develop and increase the portfolio of commercial and agricultural loans while adhering to high credit quality standards. Responsibilities also include maintaining an appropriate level of community involvement and visibility. Originates, manages, and supervises a portfolio of commercial loans, typically less than $20M, with the overall objective of maintaining and increasing portfolio asset quality.
Essential Functions:
· Takes applications for commercial loan business.
· Reviews customer financial condition and assesses the customer's ability to re-pay the loan.
· Makes underwriting decisions within approval authority.
· Completes or directs completion of all loan documents and closes loans.
· Participates in developing lending and deposit business.
· Calls on clients to expand existing business; calls on prospects seeking opportunities to expand Sterling Federal’s client base.
· Monitors existing loan portfolio to maintain a high-quality asset base.
· Maintains up-to-date client files including current balance sheets, profit & loss statements, cash flow projections and all loan documentation.
· Assists in collection of past due loans.
· Assists customers with any loan-related questions and concerns.
· Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
· Completes ABA courses monthly as assigned
· Bachelor’s degree in business, finance or other related field
· Five to ten years of similar or related experience, including time spent in preparatory positions.
·
The ability to motivate or influence internal or external senior level professionals is a critical part of the job, requiring a significant level of influence and trust. Obtaining cooperation and agreement on important
outcomes via frequently complex, senior level dialogues, as well as a professional level of written communication skills are essential to the position.
High level of interpersonal skills to interact with customers and potential customers in a professional manner.
Advanced analytical skills to conduct loan analysis and maintain loan’s progress in consideration of market trends, credit/interest rates, economic conditions and other factors.
A member of the Community since 1885!
Sterling Federal Bank was built on a simple idea: local people and their businesses are best served by a local bank, with local interest at heart. For that reason, Sterling Federal was established as a mutual institution, owned by its depositors, instead of by shareholders. More than a century later, we're still a mutual institution. Throughout our history, we have focused on the financial needs of everyday people. Today, you can enjoy a true community bank with bother personal and business services. Whether you're looking for your first mortgage, expanding your farming operation, starting a business or saving for the future, you'll get down-to-earth personal service from a financially focused team. Your success is our success. We know it, and we live it everyday. Your financial well-being means strong, healthy communities - and a brighter future for all of us.
Offices: 110 E. Fourth St, Sterling, IL 61081, US · 3200 E Lynn Blvd, Sterling, Illinois 61081, US · 410 E Lincolnway, Morrison, Illinois 61270, US · 821 1st Ave, Rock Falls, IL 61071, US · 413 N Galena Ave, Dixon, Illinois 61021, US
A member of the Community since 1885!
Sterling Federal Bank was built on a simple idea: local people and their businesses are best served by a local bank, with local interest at heart. For that reason, Sterling Federal was established as a mutual institution, owned by its depositors, instead of by shareholders. More than a century later, we're still a mutual institution. Throughout our history, we have focused on the financial needs of everyday people. Today, you can enjoy a true community bank with bother personal and business services. Whether you're looking for your first mortgage, expanding your farming operation, starting a business or saving for the future, you'll get down-to-earth personal service from a financially focused team. Your success is our success. We know it, and we live it everyday. Your financial well-being means strong, healthy communities - and a brighter future for all of us.
Offices: 110 E. Fourth St, Sterling, IL 61081, US · 3200 E Lynn Blvd, Sterling, Illinois 61081, US · 410 E Lincolnway, Morrison, Illinois 61270, US · 821 1st Ave, Rock Falls, IL 61071, US · 413 N Galena Ave, Dixon, Illinois 61021, US
