Apply on Employer Site

First Bank · 2 days ago

Business Dev Officer-Commercial Lending

Staunton, VA

Full-time

Hybrid

Mid Level

First Bank is seeking a Business Development Officer for Commercial Lending to develop a portfolio of commercial real estate and small business loans. The role involves actively participating in community activities to enhance the bank's market position and managing customer relationships effectively.

BankingFinanceFinancial Services

Responsibilities

Business development, participation in call program, and community involvement to increase the Bank’s market share

Identify banking needs of customer and/or prospect, recommend appropriate product/structure, and gather necessary financial information needed if a credit decision is required

Dependent upon size of credit and/or relationship, compile and analyze financial data to include cash flow, collateral, peer group, and industry analyses

Approve or disapprove loans within established credit limits, establish appropriate interest rate based on pricing model, and close all loans non-real estate secured loans

Participate in the collection process as needed, recommending courses of action (i.e. legal action, repossession of collateral, loan restructuring, etc.)

Maintain current knowledge of laws, regulations, and banking industry changes for compliance

Qualification

Commercial lending experienceFinancial analysisCompliance knowledgeBusiness developmentInterpersonal skillsSupervisory skillsCollege degreeCommunication skills

Required

College degree in Business Administration and/or preferably Finance

Experience in lending and collection activities with a thorough understanding of compliance and regulatory issues pertaining to all facets of the loan area

Ability to effectively communicate, both verbally and in writing, Bank policies and procedures to employees and other Bank department as required and to actively promote the Bank to generate new business, and to project a positive Bank image within the local community

Interpersonal skills to generate new and strengthen existing customer relationships

Ability to effectively manage administrative staff member