Northeast Bank · 4 months ago
SVP Commercial Lending
Minneapolis
Full-time
Hybrid
Director/Executive
15+ years expNortheast Bank is a family-owned community institution dedicated to strengthening neighborhoods. They are seeking an SVP Commercial Lending to solicit loans, deposits, and other financial products while originating and servicing commercial loans, playing a crucial role in achieving the bank's mission.
BankingFinanceLendingMobile Payments
Responsibilities
Contact prospects and customers for new business, including both loan and commercial deposits. Contact levels will be sufficient to ensure relationship building, and at a minimum will meet customer retention calling and prospecting objectives established by management. Independent business development substantially drives production, but referrals from others may contribute to obtaining production objectives
Consistently achieves lending and/or deposit performance results at levels materially exceeding objectives established. Constantly achieving objectives in both areas is an expectation
Build a loan portfolio via consistent annual new production to upper quartile levels when compared to SVP and VP Commercial Lenders within the organization
Independently interview customers and new loan applicants, gathering appropriate information for a thorough financial analysis and analyze credit worthiness
Establish structure of loans within framework of loan policy and extended commercial loans up to stated lending limit. Administer credit quality of portfolio within objectives. Manage technical exceptions well within acceptable parameters. Ensure that proper documentation is completed, specifically including approval requirements
Working with the credit analyst team, ensure credit presentations contain sufficient, accurate information to facilitate an efficient decision-making process by lending authorities. Responsible for presenting to lending authorities
Monitor loans in repayment and collect loans in default. Implement and execute work out plans as directed
Working more independently, entertain larger and/or more complex loan requests for approval or denial as per the loan policy of the Bank
If applicable, oversee the performance and management of the location portfolio assistant
Qualification
Required
College degree or equivalent experience, with emphasis in Business Administration, Accounting or Finance
Previous concentrated credit training
A minimum of 15 years commercial lending experience is a general expectation
A minimum of 3 years Commercial Credit Administration/Credit Analysis/Loan Review
Able to read and interpret loan documentation
Proficiency with Microsoft products
Team orientation and the ability to adapt in a fun, fast-paced environment
Self-motivation, good organization skills, and excellent communication and phone skills
Exceptional level of customer service
Required to comply with the SAFE Act, including successful initial and ongoing registration in the Registry
Work efficiently and effectively with location Portfolio Assistants on primary accountabilities and responsibilities of the position
Preferred
Advanced banking and /or leadership training experiences are desired
Benefits
Fun, supportive work environment with advancement opportunities
Competitive wages with an additional annual performance-based incentive
Medical, Dental, Life and Disability Insurance
Generous paid time off, including 11 paid holidays
Paid volunteer time
Retirement Benefits – 401k and ESOP
Education reimbursement with one year of service
Awarded Star Tribune Top Workplaces 7 years in a row
Office environment
Ability to work 1 day/week from home
Company
Northeast Bank
Northeast Bank is a community bank that offers equipment and business loans, commercial real estate loans, and online banking services.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Thomas Beck
CEO/President
Gail Mikolich
COO
Recent News
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