Magnifi Financial · 11 hours ago
Commercial Banking Officer
Maple Grove, Minnesota, United States
Full-time
Onsite
Senior Level, Lead/Staff
$111K/yr - $167K/yr
13+ years expMagnifi Financial is a member-owned organization focused on enhancing the lives of its members and community. They are seeking a Commercial Banking Officer responsible for developing, growing, and servicing commercial relationships, including loan and deposit accounts, while creating sales opportunities and underwriting commercial accounts.
BankingFinancial ServicesWealth Management
Responsibilities
Interviews members applying for commercial loans, deposits, and services. Makes decisions within authority and provides recommendations and or referrals when appropriate
Recommends, educates, and sells Magnifi Financial products and services to members. Expands member relationships through follow-up activities to include outbound calls. Makes referrals to appropriate departments to ensure all member needs are met
Performs offsite visits for new and existing members
Provides assistance in-person to commercial members in all areas of the member relationship with Magnifi Financial
Tends to work directly and indirectly with large and complex loans. Makes credit decisions within lending authority and provides recommendations on loans above lending authority
Assists members and lending staff applying for government and third party sponsored programs such as SBA, FSA, and other loan programs
Reviews financial information with member (concerns, strengths, weaknesses)
Works with the credit function to complete credit presentations, financial analysis, and risk ratings on existing and prospective credits
Develops and maintains a complex commercial deposit, loan and services portfolio that meets organizational guidelines and maximizes return on equity and asset goals, while minimizing the risk to Magnifi Financial
Pursues new business relationships by seeking new and existing prospects in the market to ensure sufficient new loan, deposit and service volumes are met
Uses the sales process to identify and recommend Magnifi Financial products and services to members based on financial need. Makes referrals to appropriate departments
Performs loan closings with members, ensuring all paperwork is properly completed and complies with legal regulations and Magnifi Financial policies
Performs collections/negotiations on problem member commercial loans
Collaborates with Commercial Banking Officer I and II positions to assist with the commercial banking products and services and the possible transfer of accounts when lending account thresholds are achieved
Assists in training, mentoring and provides functional guidance to other Commercial Bankers and staff
Keeps abreast of rules, regulations and Magnifi Financial policy relating to member commercial loan and deposit accounts
Actively participates in community relations efforts to contribute to the mission and visibility of Magnifi Financial. Ensures positive relationships with members, community leaders and businesses
Qualification
Required
Bachelor's degree in Business, Finance or related field, or equivalent experience
Thirteen years of commercial lending experience, or equivalent knowledge and skills gained from related experience
Valid driver's license and auto insurance with minimum liability limits within Magnifi Financial policy
Must be bondable
Preferred
Notary Public designation within 3 months of start date in this position desired but not required
Benefits
Opportunities for Training and Development
Leadership Development
Job Level Advancement (ability to move up in your position through training and development)
Tuition Reimbursement
32 Hours Volunteer Paid Time Off
Paid Time Off – Begins accruing upon date of hire for a total of 4 weeks per year for FT; prorated for PT
Medical
Dental
Vision
Employer paid Life Insurance/AD&D
Employer paid Disability Insurance
Retirement Plan - Employer match up to 4%, eligible for annual profit sharing
Paid Parental Leave
Bonus/Incentive Program
Employee Engagement/Health and Wellness Programs
Company
Magnifi Financial
Magnifi Financial is a member-owned financial services cooperative headquartered in Melrose, Minnesota.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
jerry cross
President/CEO
Brent Lundell
VP SBA CBO II
Recent News
Company data provided by crunchbase