Vice President, Commercial Loan Officer

Lake Elmo Bank; Lake Elmo (MN); On-site; USD 110,000 - 170,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

Life Insurance

ST Disability

LT Disability

Paid Time Off

401(k)

ESOP

Job summary

Lake Elmo Bank in Minnesota seeks a Vice President, Commercial Loan Officer to drive commercial lending and business development. The role is full-time in Lake Elmo, MN, with a salary range of $110,000 to $170,000 annually, depending on qualifications.

The position reports to the Senior Vice President, Chief Lending Officer and requires 5–10 years in commercial lending, a relevant bachelor’s degree, and strong relationship management. SBA 504/7(a) experience is preferred.

Qualifications

• 5-10 years of commercial lending experience.
• Ability to source, structure, analyze, negotiate and close credit facilities.
• Experience with SBA lending programs (504 and 7(a)).

Responsibilities

• Source and close multi-million dollar loans.
• Maintain client relationships and portfolio management.
• Negotiate terms and structure of credit facilities to meet loan objectives.

Skills

Credit facilities

Business development

Portfolio management

Lending analysis

Negotiation

Education

Bachelor’s degree in accounting, finance, business administration or related field

Job description

Vice President, Commercial Loan Officer

Lake Elmo Full-time Regular Lake Elmo, MN, US

5 days ago Requisition ID: 1096

Salary Range: $110,000.00 To $170,000.00 Annually

Type: Full -Time Salaried Exempt; (not eligible for overtime)

Reports to: Senior Vice President, Chief Lending Officer

Education and Experience:

• Bachelor’s degree in accounting, finance, business administration or related field is preferred.
• 5-10 years of progressive experience in commercial lending.

Knowledge, Skills and Abilities:

• Proven ability to source, structure, analyze, negotiate and close multi-million dollar credit facilities and generate new business of $10-15 million annually.
• Ability to toggle between CRE, C&I, IRE and AD&C lending.
• Proven client relationship and portfolio management skills.
• Experience closing loans under the SBA’s 504 and 7a lending programs.
• History of compliance with the various regulations pertaining to commercial loans.

Benefits and Salary Information:

Medical, Dental, Vision; Bank paid Life Insurance, Short Term Disability and Long Term Disability; Float time, vacation and sick time; 401(k); Employee Stock Ownership Plan. The salary range for this position is $110,000-$170,000 per year depending on qualifications.

Lake Elmo Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law. Accommodation is available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact the human resources department.

About Our Organization:

Lake Elmo Bank was chartered on August 1, 1911 and has built its tradition on a personal approach to banking. We get to know our customers so that we understand each customer's unique needs with the intent of building long-term financial relationships. This goal has been the foundation of our business for over 100 years.

Today, with assets over 500 million dollars, Lake Elmo Bank is among the larger community banks in the State of Minnesota. Because of its unique history and the bank's commitment to community service, Lake Elmo Bank has successfully served the residents and businesses of the east metro area with a continued commitment to its tradition of service. Lake Elmo Bank has been voted "Best Bank" for more than 10 years by the Stillwater Gazette Readers' Choice Awards.