The Bank of Elk River · 1 week ago
Commercial Lender II
Division 00 Main, Elk River, MN, US
Full-time
Onsite
Entry, Mid Level
$100K/yr - $125K/yr
2+ years expThe Bank of Elk River is looking for a dynamic Commercial Lender to build strong customer relationships and manage a quality loan portfolio. The role involves providing exceptional customer service, identifying loan opportunities, and actively cross-selling the bank’s products and services.
CommunitiesFinancial Services
Responsibilities
Possess a solid understanding of various types of business borrowers. Fully understand business cash cycles, debt service and cash flow. Possess the knowledge and skills to review and underwrite complex commercial loan requests
Possess the drive and ability to successfully market the bank and develop new business leads and quality loan business
Identifies commercial loan opportunities with new and existing customers and actively develops solutions to meet customer loan needs and expectations. Achieves bank loan growth, yield and portfolio quality goals and objectives. This includes collecting, reviewing, and analyzing financial statements and tax returns as part of the loan underwriting process. Identifies what bank products and services best meet the customer’s needs and financial circumstances and makes recommendations
Understands SBA products and programs
Manages current customer relationships to ensure adequate review and oversight which include proper risk analysis and loan repayment performance
Monitors customer reporting covenants to minimize loan file exceptions. Maintains current loan file financial information including financial statements, tax returns, borrowing base certificates, titles, liens and insurance policies
Actively calls on existing customers and potential customers to generate new loans to support bank loan growth, yield and portfolio objectives
Represents the bank in the communities we serve by participating in public events, volunteering or serving on non-profit organizations, committees, boards and area Chambers of Commerce
Serves, as requested, on bank committees and present information to committees and groups of co-workers
Required, reliable attendance is required
Qualification
Required
Bachelor's degree (BA) from a 4-year college or university
Minimum of 2-5 years commercial lending experience and/or the equivalent combination of education and experience
Possess a solid understanding of various types of business borrowers
Fully understand business cash cycles, debt service and cash flow
Possess the knowledge and skills to review and underwrite complex commercial loan requests
Possess the drive and ability to successfully market the bank and develop new business leads and quality loan business
Identifies commercial loan opportunities with new and existing customers
Actively develops solutions to meet customer loan needs and expectations
Achieves bank loan growth, yield and portfolio quality goals and objectives
Collects, reviews, and analyzes financial statements and tax returns as part of the loan underwriting process
Understands SBA products and programs
Manages current customer relationships to ensure adequate review and oversight
Monitors customer reporting covenants to minimize loan file exceptions
Maintains current loan file financial information including financial statements, tax returns, borrowing base certificates, titles, liens and insurance policies
Actively calls on existing customers and potential customers to generate new loans
Represents the bank in the communities we serve by participating in public events, volunteering or serving on non-profit organizations, committees, boards and area Chambers of Commerce
Serves, as requested, on bank committees and present information to committees and groups of co-workers
Required, reliable attendance is required
Benefits
High-Deductible Health Plan on the 1st of the month following hire date
Health Savings Account on the 1st of the month following hire
Flexible Spending Accounts on the 1st of the month following hire
Dental Insurance on the 1st of the month following hire date
Vision Insurance on the 1st of the month following hire
Company paid life insurance on your date of hire
Supplemental life and AD&D insurance available on your date of hire
Short-term disability insurance paid for by TBER
Long-term disability insurance paid for by TBER
Employee Assistance Program
Well-Being program
Long-term care insurance
Pet Insurance
Employee Stock Ownership Plan (ESOP) after 6 months of service
401(k) Safe Harbor match up to 4% on the 1st of the month after 6 months of service
Account fees waived and discounts on loans at The Bank of Elk
Discounts through Wellmark Blue365, LifeMart, Carhartt, and Microsoft Office
Gym Membership/Fitness quarterly reimbursement up to $25 each month
Company picnic, Christmas party, and employee appreciation events
Casual dress days
Company
The Bank of Elk River
The Bank of Elk River is a community bank operating in Minnesota.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Leroy Lindenfelser
CFO
Bill LaVigne
Chief Operating Officer
Company data provided by crunchbase