The Commercial Loan Officer II is responsible for managing loan files from application through closing, pulling and analyzing credit applicant information, and reviewing income and asset documents. As a member of the team, this individual requests and obtains referrals from current and potential Bank clients and will be responsible for developing and managing new commercial loan and business deposit relationships for the local area. As part of the team, they will represent Byron Bank in the local community through participation in community affairs and participation in marketing & cross-selling of all relevant Byron Bank products and services.
Job Duties & Responsibilities:Customer Relationships and Business Development- Work with experienced lenders to develop relationships with business owners, commercial real estate investors, and other commercial customers.
- Participate in customer visits, prospect calls, networking events, and community activities.
- Learn how to identify potential borrowers and develop new business opportunities.
- Look for opportunities to bring new business deposits and treasury management relationships to Byron Bank along with lending opportunities.
- Get to know customers and understand their businesses, financial needs, and plans for the future.
- Follow up with customers and prospects in a timely manner and make sure questions and requests are addressed.
- Develop relationships with local accountants, attorneys, real estate professionals, and other individuals who may refer business to the bank.
- Become familiar with the local business community and the opportunities available in the Poplar Grove market and surrounding areas.
Credit Analysis and Loan Underwriting- Assist in reviewing business financial statements, tax returns, balance sheets, income statements, and other information used to evaluate loan requests.
- Analyze borrower cash flow and financial performance to help determine whether a business can reasonably repay its debt.
- Assist with commercial real estate loan analysis, including reviewing property income, expenses, occupancy, rent rolls, and debt service coverage.
- Help evaluate collateral, loan-to-value ratios, guarantor strength, repayment terms, and other factors that affect credit risk.
- Identify questions or concerns in a loan request and bring them to the attention of the Chief Lending Officer and Collection.
- Assist with preparing loan presentations and credit memoranda for loan committee or other required approvals.
- Learn and follow Byron Bank's lending policies, underwriting standards, and applicable regulatory requirements.
Loan Processing and Portfolio Management- Help coordinate loan requests from the initial customer discussion through approval and closing.
- Work with loan operations, loan documentation staff, appraisers, title companies, insurance providers, and other parties involved in the lending process.
- Make sure required financial information and supporting documentation are collected and kept up to date.
- Assist with annual loan reviews, renewals, covenant tracking, and other ongoing portfolio responsibilities.
- Monitor assigned relationships for changes in financial performance or other issues that could affect repayment.
- Bring overdue financial information, covenant concerns, insurance issues, and potential credit problems to the attention of the Credit Department and the Chief Lending Officer.
- Maintain accurate loan files and follow the bank's procedures for documentation, reporting, and recordkeeping.
Growing Loans and Deposits- Understand the importance of developing a complete banking relationship rather than focusing only on the lending transaction.
- Look for opportunities to establish business checking accounts, savings accounts, certificates of deposit, and related treasury management services.
- Work with other Byron Bank employees to connect customers with the products and services that best meet their needs.
- Identify businesses that may benefit from moving their lending or deposit relationships to Byron Bank.
- Support the bank's efforts to grow its commercial loan portfolio while maintaining appropriate credit standards.
- Learn how loan pricing, deposits, fee income, and customer service contribute to the overall value of a relationship.
Teamwork and Professional Development- Work closely with senior lenders, credit, and processors to learn the different aspects of commercial banking.
- Attend lender meetings, participate in credit discussions, and complete assigned training.
- Develop a working knowledge of commercial real estate lending, business lending, financial analysis, loan documentation, and credit administration.
- Stay informed about local business conditions, economic developments, and changes that may affect customers.
- Participate in community and business events that help strengthen Byron Bank's presence in the market.
- Be willing to take on additional responsibilities as knowledge and experience grow.
Additional Duties & Responsibilities:This position description is not designed to cover or contain a comprehensive list of activities, duties, or responsibilities that are required of the employee. Duties and responsibilities may change, or new ones may be assigned at any time with or without notice.
Required Skills & Attributes:- Strong communication and people skills, with the ability to work comfortably with customers and colleagues.
- Good judgment, attention to detail, and an interest in understanding how businesses operate.
- A willingness to ask questions, accept feedback, and learn from more experienced lenders.
- The ability to organize work, manage competing priorities, and follow through on commitments.
- A professional approach to handling confidential customer and financial information.
- An interest in developing new business relationships and becoming involved in the local community
Education & Experience:- A degree in finance, accounting, business administration, or a related field is preferred. Relevant banking experience or an equivalent combination of education and experience will also be considered.
- One to three years of experience in banking, accounting, financial analysis, lending support, or a related field is preferred, but motivated candidates with less experience may be considered.
- A basic understanding of financial statements, accounting, and business operations is helpful.
- Experience with Microsoft Excel, Word, and other standard office applications is expected.
Physical Requirements:- Is able to bend, sit, and stand in order to perform primarily sedentary work with limited physical exertion and occasional lifting of up to 10 lbs.
- Must be capable of climbing / descending stairs in an emergency situation.
- Must be able to operate routine office equipment including computer terminals and keyboards, telephones, copiers, facsimiles, and calculators.
Pay Range:$97,000 - $121,300 annually
Compensation Overview:The anticipated hiring range for this position is $97,000 - $121,300 annually, which reflects what we reasonablyexpect to pay for candidates who meet the standard qualifications for the role. Actual base pay will varydepending on job-related knowledge, skills, credentials, experience, and location.
Travel:- Travel is required to meet with existing and potential customers.
Benefits:- Health Insurance (Medical, Dental, Vision)
- 401(k) w/ Match
- Paid Life insurance
- Paid time off (Vacation, Sick, Holidays, & Volunteer)
Work Location:Pay Range: $97,000 - $121,300 per year
