Commercial Lender

Join Our Team at The Bank of Elk River as a Commercial Lender!

Ready to make a real impact on your community? The Bank of Elk River is looking for a dynamic Commercial Lender II to build strong customer relationships, grow a high-quality loan portfolio, and be a trusted face of the bank at local events. If you're passionate about exceptional service and love connecting people with the right financial solutions, we want to meet you!

At The Bank of Elk River, we believe in the following core values:

• We put people first: Our customers, co-workers, and communities inspire us every day. We are dedicated to your success and believe that by building strong relationships, empowering our team to make decisions, and developing genuine connections, we all succeed.
• We build trust: Since 1885, trust has been the foundation of our business. Our unwavering commitment to integrity, honesty, and respect guides us today. You can count on us now and in the future.
• We pursue excellence: We embrace a culture of innovative thinking and continuous learning. We leverage diverse perspectives through communication and collaboration to deliver relevant progressive solutions that exceed expectations.
• We strengthen communities: We are driven to make a positive and lasting impact. By investing financial resources, sharing our expertise, and devoting our time, we strengthen the communities we serve.

Apply today and be a part of our dynamic team!

SUMMARY

This position is responsible for developing and managing a quality commercial loan portfolio. Provide exceptional customer service while managing all aspects of the borrowing relationship. Identify opportunities to broaden customer relationships and actively cross-sell the bank’s retail products and services to generate additional revenue. This position requires a strong knowledge of business cash cycles and cash flow analysis.

QUALIFICATIONS

To perform this job successfully the individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill and ability required.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Possess a solid understanding of various types of business borrowers. Fully understand business cash cycles, debt service and cash flow. Possess the knowledge and skills to review and underwrite complex commercial loan requests.
• Possess the drive and ability to successfully market the bank and develop new business leads and quality loan business.
• Identifies commercial loan opportunities with new and existing customers and actively develops solutions to meet customer loan needs and expectations. Achieves bank loan growth, yield and portfolio quality goals and objectives. This includes collecting, reviewing, and analyzing financial statements and tax returns as part of the loan underwriting process. Identifies what bank products and services best meet the customer’s needs and financial circumstances and makes recommendations.
• Understands SBA products and programs.
• Manages current customer relationships to ensure adequate review and oversight, which includes proper risk analysis and loan repayment performance.
• Monitors customer reporting covenants to minimize loan file exceptions. Maintains current loan file financial information including financial statements, tax returns, borrowing base certificates, titles, liens and insurance policies.
• Actively calls on existing customers and potential customers to generate new loans to support bank loan growth, yield and portfolio objectives.
• Represents the bank in the communities we serve by participating in public events, volunteering or serving on non-profit organizations, committees, boards and area Chambers of Commerce.
• Serves, as requested, on bank committees and present information to committees and groups of co-workers.
• Required, reliable attendance is required.

EDUCATION/EXPERIENCE

Bachelor’s degree (BA) from a 4-year college or university and a minimum of 2-5 years + commercial lending experience and/or the equivalent combination of education and experience.

PHYSICAL DEMANDS

While performing the duties of this job, the employee is regularly required to sit, stand, walk, reach with hands and arms and use a computer for extended periods. This employee may occasionally lift and/or move up to 10 pounds. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

It is the individual responsibility of every employee to maintain a current awareness and understanding of and to fully comply with The Bank of Elk River’s “Code of Ethics Policy.” Each employee is also expected to maintain an awareness of the laws, regulations, internal policies and procedures that are appropriate for his/her position. Each employee must also comply with consumer protection laws that relate to his/her position.

COMPENSATION

Starting Salary Range: $100,000-$150,00

Bonus and Sales Incentive Opportunities

Full-time Benefits

• High-Deductible Health Plan on the 1st of the month following hire date
• Health Savings Account on the 1st of the month following hire
• Flexible Spending Accounts on the 1st of the month following hire
• Dental Insurance on the 1st of the month following hire date
• Vision Insurance on the 1st of the month following hire
• Company paid life insurance on your date of hire
• Supplemental life and AD&D insurance available on your date of hire
• Short-term disability insurance paid for by TBER
• Long-term disability insurance paid for by TBER
• Employee Assistance Program
• Well-Being program
• Long-term care insurance
• Pet Insurance
• Employee Stock Ownership Plan (ESOP) after 6 months of service
• 401(k) Safe Harbor match up to 4% on the 1st of the month after 6 months of service
• Account fees waived and discounts on loans at The Bank of Elk
• Discounts through Wellmark Blue365, LifeMart, Carhartt, and Microsoft Office
• Gym Membership/Fitness quarterly reimbursement up to $25 each month
• Company picnic, Christmas party, and employee appreciation events
• Casual dress days