Senior Banking Consultant

Magnifi Financial; Waite Park (MN); On-site; USD 34,000 - 50,000; Full time

Benefits offered by this job

Tuition Reimbursement

Paid Time Off

Medical

Dental

Vision

Retirement plan with employer match

Job summary

Magnifi Financial seeks a Banking Consultant to interview members for consumer loans and new accounts, educating them on products and digital solutions. You will rely on underwriting tools to guide decisions and serve members across branch, online, and phone channels.

You will also support opening/closing duties, referrals, and training of junior staff while contributing to Magnifi Financial's community efforts and member experience goals.

Qualifications

• High school diploma required.
• Two year degree in Sales, Credit or Finance preferred.
• Three years of experience in a financial institution; or equivalent knowledge through at least 3 years related work experience.

Responsibilities

• Interviews for and closes consumer loans and HELOCs within approved authorities.
• Utilizes underwriting software to guide lending decisions.
• Provides member transactions and greets members in-branch and via digital channels.
• Performs collections on problem loans and assists with new account applications.
• Educates members on product features and benefits; cross-sells according to needs.

Skills

Loan interviewing

Consumer lending

Credit analysis

Customer service

Sales skills

Education

High school diploma

Two year degree in Sales, Credit or Finance

Tools

Automated underwriting software

Branch banking systems / CRM

Job description

Position Summary

Interviews members for consumer loan and new account requests. Makes sound decisions on member requests inside approval authority. Educates members on features and benefits of products and services. Recommends products and services that meet member needs, including digital solutions.

• Interviews for and closes consumer loans and HELOCs within granted approval authorities including complex and intricate requests. Interviews and closes requests for refinancing or rewrites of existing loans, approving or denying loans within lending authority and recommending on loans above lending authority.
• Utilizes automated underwriting and approval software to guide lending decisions.
• Maintains sufficient knowledge to assist with other types of loan applications.
• Performs member transactions and assists with greeting members and directing them to the proper employee or technology solution.
• Performs collections on problem loans.
• Processes and utilizes automated new account applications for individual members, trusts, estates, IRA's and UTTMA accounts including checking applications and interviewing applicants in order to obtain all necessary information to complete the CIP file.
• Consults with members to educate them on features and benefits of products and services. Recommends products and services based on member financial needs.
• Serves members in multiple channels including in branch, online and over the phone.
• Enhances member relationships through follow-up activities to include outbound calls.
• Creates a remarkable member experience by responding and providing resolutions to member requests with expertise.
• Performs opening and/or closing duties for the branch.
• Makes referrals to appropriate departments.
• Serves as a leader and shares knowledge in order to train Banking Consultant III's and is a resource for questions.
• Contributes to the mission and visibility of Magnifi Financial by actively participating in community relations efforts.

Essential Duties and Responsibilities

• Interviews for and closes consumer loans and HELOCs within granted approval authorities including complex and intricate requests. Interviews and closes requests for refinancing or rewrites of existing loans, approving or denying loans within lending authority and recommending on loans above lending authority.
• Utilizes automated underwriting and approval software to guide lending decisions.
• Maintains sufficient knowledge to assist with other types of loan applications.
• Performs member transactions and assists with greeting members and directing them to the proper employee or technology solution.
• Performs collections on problem loans.
• Processes and utilizes automated new account applications for individual members, trusts, estates, IRA's and UTTMA accounts including checking applications and interviewing applicants in order to obtain all necessary information to complete the CIP file.
• Consults with members to educate them on features and benefits of products and services. Recommends products and services based on member financial needs.
• Serves members in multiple channels including in branch, online and over the phone.
• Enhances member relationships through follow-up activities to include outbound calls.
• Creates a remarkable member experience by responding and providing resolutions to member requests with expertise.
• Performs opening and/or closing duties for the branch.
• Makes referrals to appropriate departments.
• Serves as a leader and shares knowledge in order to train Banking Consultant III's and is a resource for questions.
• Contributes to the mission and visibility of Magnifi Financial by actively participating in community relations efforts.

Education and Experience

• High school diploma required
• Two year degree in Sales, Credit or Finance preferred
• Three years of experience in a financial institution; or equivalent knowledge and skills gained through a minimum of 3 years related work experience including consumer lending and deposit product knowledge.

Benefits

We are committed to investing in our team! Magnifi Financial offers benefits that help everyone achieve their full potential. Full-time employees are eligible for the following benefits (benefits with an asterisk are also available to eligible part-time positions):

• 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 - starting at 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
• Health and Wellness Programs *

Pay Transparency

Salary Range: $24.39/hr. through $36.59/hr.

Salaries vary based on factors such as location, internal equity, skills, experience, education, and qualifications for the role.

Total compensation package varies based on position and may include bonuses, performance-based incentives, commission, and/or discretionary bonuses.

Who We Are

At Magnifi Financial, we offer a collaborative, friendly environment where we support our employee's growth and development, and create a positive work atmosphere. As a member-owned organization, we are focused on making dreams come true for our members. Our vision is enhancing the lives of members and community through strength, service and growth.

Magnifi Financial has grown to more than 85,000 members, $2.5 billion in assets, over 400 employees, and over 26 branch locations throughout Minnesota and North Dakota. But what hasn't changed is our focus on the members and communities we serve.