Commercial Loan Officer III

First Mid; Beloit (WI); On-site; USD 70,000 - 90,000; Full time

Benefits offered by this job

Competitive health, dental & vision coverage

401(k) with employer match

Generous PTO and paid holidays

Tuition reimbursement

Performance-based bonuses

Job summary

First Mid in Beloit is seeking a skilled commercial lender to ensure asset quality and manage loan portfolios. The ideal candidate will have 5+ years of experience and a degree in Finance or Business Administration.

This role offers competitive health benefits, a 401(k) with employer match, generous paid time off, and opportunities for tuition reimbursement and performance-based bonuses.

Qualifications

• 5+ years of experience in commercial lending with knowledge of CRE and C&I lending.

Responsibilities

• Ensure asset quality of loan portfolio and manage delinquency.
• Develop and grow loan and commercial deposit portfolios.
• Analyze customer credit applications for loan decisions.

Skills

Analytical skills

Interpersonal skills

Knowledge of bank products and services

Education

Bachelor’s degree in Finance or Business Administration

Job description

At First Mid, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of discretionary short-term incentives (i.e. bonus, incentives, and/or commission). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, tuition reimbursement, an Employee Stock Purchase Plan, and a 401K plan with company match. Incentives and benefits are subject to eligibility requirements.

Responsibilities

• Ensures the asset quality of the assigned loan portfolio. Reviews delinquency reports with direct supervisor to ensure proper collection efforts are being utilized to manage the credit risk of the portfolio. Maintains low loan delinquency and ensures that there are no administrative past due loans. Communicates timely and in a comprehensive manner with their supervisor concerning any credit that is experiencing stress.
• Manages, supervises, and grows individual loan and commercial deposit portfolios. Develops and maintains existing customer base and builds customer satisfaction and confidence in the Bank. Works effectively with personnel in the Credit Administration Department.
• Solicits new customers and negotiates rate and loan terms (for both new and renewal loans) in a competitive and price sensitive environment.
• Cross‑sells other bank services to customers i.e. retail deposits, cash management, retail lending and wealth management services.
• Working with a predetermined lending limit, analyzes 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. Coordinates these efforts with personnel in the Credit Administration Department. Makes recommendations to loan committee on new and renewal loans for amounts above lending limit.
• Participates as a member of various Bank committees as assigned.
• Represents the Bank and provides leadership in key community activities and committees. Participates in professional associations; attends conventions, conferences and seminars.
• Completes required training associated with job function.
• Performs related duties as assigned.

Qualifications

Education/Experience

• Bachelor’s degree in Finance or Business Administration or the equivalent of specialized training in commercial and/or consumer lending and overall bank management.
• 5+ years of experience in commercial lending with relevant knowledge of CRE and C&I lending.

Skills

• Thorough knowledge of Company’s products and services.
• High level of analytical skills to conduct loan analysis and maintain loan’s progress in consideration of market trends, credit/interest rates, economic conditions and other factors.
• High level of interpersonal skills to interact with customers and potential customers in a professional manner.
• Adequate knowledge of both internal policies and procedures and the respective state and federal laws and regulations governing departmental functions to ensure performance of individual job duties within the proper control environment.

Total Rewards

• Competitive health, dental & vision coverage with HSA match.
• 401(k) with employer match + Employee Stock Purchase Plan.
• Generous PTO, paid holidays & parental leave.
• Tuition reimbursement & performance-based bonuses.
• Visit our Total Rewards page to see our full list of benefits.

First Mid Bancshares, Inc. is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state‑protected classification.

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT.

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