First State Bank · 2 months ago
VP of Commercial Lending, Champaign
Champaign, IL
Full-time
Hybrid
Mid, Senior Level
$75K/yr - $145K/yr
7+ years expFirst State Bank is focused on achieving sustainable growth while maintaining sound credit quality. The Vice President of Commercial Lending will oversee commercial and small business lending initiatives to enhance the bank’s competitive position and develop relationships in the Champaign market.
BankingCommercialCommercial LendingCreditFinanceFinancial ServicesLending
Responsibilities
Foster new business, prospects and generate commercial loans through referrals, business calls, and community involvement
Develop and execute commercial lending strategies to increase lending volume and market share while maintaining strong portfolio performance
Analyze market trends, customer needs, and competitive landscape to identify opportunities for product development and business expansion
Develop strong relationships with key shareholders, including business owners, industry associations, and government entities
Ensure the asset quality of the loan portfolio. Review delinquency reports with direct supervisor to ensure proper collection efforts are being utilized to manage the credit risk of the portfolio. Maintain low loan delinquency and ensure that there are no administrative past due loans. Communicate timely and in a comprehensive manner with your supervisor concerning any credit that is experiencing stress
Work with a predetermined lending limit, analyze customer credit applications; balance sheets and profit and loss statement; and cash flow projections in order to make sound loan decisions and predict future repayment capacity. Coordinate these efforts with personnel in the Loan Department
Maintain deep awareness of the economic and regulatory environment, assessing risks and opportunities to guide strategic decision-making
Interview loan applicants and collect and analyze financial and related data to determine the general creditworthiness of the prospect and the merits of the specific loan request
Will have extensive contact with customers and the public. Conduct relationships in a manner that will enhance the overall marketing effort of the bank
Will be called upon to participate with community organizations relations and community projects
Other duties or special projects as assigned by management
Qualification
Required
Ardent desire to excel in a competitive environment
Proven ability to underwrite and approve commercial loans, including handling all facets of business credit administration and interpreting complex financial and legal documents
Self-starter with the ability to make sound decisions based upon bank policies, procedures, knowledge, and experience
Familiarity with banking loan service applications/software
Solid knowledge of lending concepts, practices, and procedures is essential
Strong leadership skills and the ability to evaluate and implement technological solutions
Exceptional communication, interpersonal, and organizational skills, with the ability to work effectively across all levels and departments of the organization
Computer proficiency, including a working knowledge of Microsoft Office products
Detail orientated with excellent organizational, analytical, and problem-solving skills
Proven ability to work both independently and as a team member
Proven insight into business segments, with the ability to market and build strategic relationships with target industries and member groups
Represent and promote the bank and its various banking products
Bachelor's degree of science in fields such as Business, Finance, Accounting, or Economics
Minimum seven years of Commercial/Business lending experience with at least 5 years of experience developing and managing business assets
Management experience is required
Ability to perform the essential job functions consistently safely and successfully with the ADA, FMLA and other Federal, State, and local standards, including meeting qualitative and/or quantitative productivity standards
Ability to maintain regular, punctual attendance consistent with the ADA, FMLA and other Federal, State and Local standards
Prolonged periods of sitting at a desk and working on a computer
Must be able to lift and carry up to 25 pounds
While performing the duties of this job the employee is often required to sit, stand, walk, talk, hear, use computers, read, write, type, use office equipment, file paperwork, use telephones, and utilize written and oral communication to interact with customers and co-workers
Benefits
Medical
Dental
Vision
Life Insurance/Accidental Death & Dismemberment
Personal Accident Insurance
Salary Continuance (Long Term Disability)
Vacation Days
Sick Days
Paid Leave Days (in compliance with the Illinois Paid Leave for All Workers Act)
Paid Holidays
401(k) Plan with Employer Match
Discretionary Profit-Sharing Plan
Wellness/Fitness Program
Bereavement Leave
Tuition Reimbursement in accordance with the terms and conditions of the Education Reimbursement Agreement
Discretionary Stock Option Program
401(k)
401(k) matching
Dental insurance
Health insurance
Health savings account
Life insurance
Paid time off
Retirement plan
Vision insurance
Company
First State Bank
First State Bank provides business banking, mortgages, deposit products, telephone banking and credit card services.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Ryan Morris
Chief Executive Officer
Patrick Schully
Executive Vice President - Chief Technology Officer
Recent News
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