Commercial Lender

Sturgis Bank; Saint Joseph (MI); On-site; USD 90,000 - 130,000; Full time

Job summary

Sturgis Bank in Michigan seeks a Commercial Lending Officer to develop new business, structure and close commercial loans, and service a growing loan portfolio. You will engage with local businesses to build market presence and assess credit structures.

The role requires strong analytical and underwriting skills, plus the ability to present complex financial topics to senior management. A Bachelor's degree and 2–5 years of commercial lending experience are preferred.

Qualifications

• Bachelor's degree required; advanced degree preferred.
• 2–5 years of commercial lending experience with credit analysis and portfolio management.
• Strong analytical and mathematical capabilities and understanding of credit underwriting.
• Excellent written and verbal communication; proficient with MS Office.

Responsibilities

• Interviews applicants to determine loan requirements and gather pertinent information for loan applications.
• Requests applicant credit reports, background checks and other information pertinent to loan evaluation.
• Coordinates with management to gather, analyze, summarize, and prepare loan recommendations.
• Partners with credit analysts to analyze applicants' financial status and asset evaluation to determine feasibility of granting loan.
• Resolves uncertainties relating to customer information through inquiries with applicants or creditors.
• Structure loans within policy and obtain proper approvals.
• Prepares financing proposals for presentation to applicants.
• Reviews loan documentation prior to closing for completeness and acceptance by the applicant.
• Manage loan portfolio including renewals, modifications, updated credit analysis, collections, and monitoring.
• Other tasks as assigned.

Skills

Analytical skills

Credit underwriting

Portfolio management

Financial analysis

MS Office

Verbal communication

Presentation skills

Education

Bachelor's degree in finance, accounting, or business

Tools

MS Office

Job description

Summary

Responsible for developing new business, structuring, and closing of commercial loans, as well as maintaining and servicing a commercial loan portfolio. Represents the bank in the respective market area through active participation in community affairs. Interprets, and implements complex financial and accounting concepts or techniques in the business development of commercial lending.

Description

Responsible for developing new business, structuring, and closing of commercial loans, as well as maintaining and servicing a commercial loan portfolio. Represents the bank in the respective market area through active participation in community affairs. Interprets, and implements complex financial and accounting concepts or techniques in the business development of commercial lending.

Key Responsibilities

• Interviews applicants to determine loan requirements and gather pertinent information for loan applications.
• Requests applicant credit reports, background checks, reference checks and other information pertinent to loan applicants' evaluation.
• Coordinates with all levels of management to gather, analyze, summarize, and prepare recommendations regarding commercial loans, business development, and operating forecasts.
• Partners with the credit analysts to analyze applicant's financial status, credit, and asset evaluation to determine feasibility of granting loan. Establishes credit limit through written and/or oral assessment.
• Resolves uncertainties relating to customer application information through inquiries with applicants or creditors.
• Structure loans within the loan policy. Approves loans within specified limits or champions loan opportunities to the credit department for proper approval.
• Prepares financing proposals consistent with approval for presentation to the applicant
• Reviews loan documentation prior to closing for completeness and acceptance by the applicant.
• Manage loan portfolio including renewals, modifications, updated credit analysis, collections, and portfolio monitoring.
• Other tasks as assigned.

Supervisory Responsibilities

No supervisory responsibility.

Requirements

Qualifications

• Applicant should be able to exercise good judgment in establishing and maintaining working relationships, solve problems, and be able to deliver a high level of accuracy, focus and timeliness with limited supervision.
• Ability to read, analyze, and interpret policies, contracts, credit and financial documents as well as other legal documents as needed.
• Ability to make effective presentations on complex topics to top management, public groups, and/or boards of directors.
• Ability to respond effectively to the most sensitive inquiries or complaints.
• Strong analytical and mathematical capabilities as well as an understanding of credit underwriting and loan documentation.
• Strong written and verbal communication skills are required along with a proficiency in Microsoft Office Suite of Programs/Products.

Education And/or Experience

Bachelor's degree (B.A.) in finance, accounting, or business required (advanced degree preferred). Minimum of two (2) to five (5) years of commercial lending experience with advanced credit analysis, underwriting, and portfolio management responsibility.

Certificates, Licenses, Registrations

Not applicable.

Work Environment

General office working conditions exist. Employee may experience sustained moderate/high periods of activity with multiple tasks being performed. They may experience communication with a variety of internal and external sources under favorable and unfavorable conditions. Noise level in the work environment is usually minimal.