Commercial Loan Officer jobs in South Dakota

Description

As the Commercial Loan Officer, you'll proactively build, develop, and manage a commercial loan portfolio. You'll work to increase and maintain its asset quality by developing new and existing business relationships. You're a trusted voice for our members and will identify and align new and existing loan members with additional products and services.

After one year, you'll know you are successful if:

• You developed and maintained credible relationships with our members. You may even know their coffee order, pets’ names, and kids' sports schedules.
• You have been instrumental in developing quality loans for the commercial portfolio and supporting business development efforts.
• You can provide feedback on approving or denying loans and demonstrate the ability to explore options for members when loans are denied.
• You perform work responsibilities consistent with the Business Loan Policy, Lending Procedures, and compliance requirements of the Credit Union.

Being a part of Levo means being part of an organization where people matter—not just their money. What we do every day makes a difference in the lives of others and the community we love by offering financial tools and services that fit modern life, providing expert advice, and listening and helping members chart their next step.

The best thing an employer can do is to give you the support you need to succeed. Working for Levo allows you to develop personally, professionally, and financially in an inviting, friendly, and fun environment. Great benefits include health, vision, dental, paid time off, paid holidays and great day time hours, pension plan, 401(k) option, volunteer hours, and many more!

Essential Duties of the Commercial Loan Officer Include:

• Establishes and maintains relationships with new and existing members. Develops, expands, and services commercial loan portfolio. Position requires officer to solicit new business and grow their loan portfolio member base.
• Answer questions related to business loans and account activity. Determines members' business and personal financial services needs and responsible for cross-selling of credit union’s services and products.
• Will complete underwriting, establish, and negotiate terms under which credit will be extended including costs, repayment terms, and collateral requirements.
• Ensure that sound analysis and lending procedures are followed. Act in compliance with Business Lending and Business Account Policies and Guidelines at all times. Ensure Regulatory Compliance is followed in all areas of work. Recommends loan policy changes as necessary
• Evaluate the information provided by the business borrower. Assist members, when possible, on business management and financial matters.
• Verify the accuracy of business loan amounts and repayment terms on approved loan applications. Process commercial loan files, including reviewing loan documents, obtaining title insurance, appraisals, appraisal reviews, inspections, flood paperwork, filing lien documents, and preparing loan files for closing.
• Other duties outlined in full job description

This is a full-time role. Standard hours are Monday through Friday, 8:00 a.m. until 5:00 p.m. Some business development activities may occur outside standard hours. This is an on-site opportunity. The starting pay range is $60,000.00 to $90,000.00 annually, plus incentive, depending on experience.

Requirements

Commercial Loan Officer Education and Experience: To thrive in this role, you should have at least 3-5 years of experience as a commercial or business loan officer and feel comfortable soliciting new business and maintaining current business relationships. A bachelor’s degree or achievement of formal certifications recognized in the industry as equivalent is required, and ongoing education or training may be required. 

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.