Business Banking Officer

Company: Coulee Bank
Location: Saint Paul
Posted on: August 4, 2022

Job Description:

This position is responsible for providing an expertise in business development and sales activities for new and existing business bank customers. Analyzes complete financial information; designs loan structures; authorizes and/or recommends approval of commercial loans. Responsible for monitoring their portfolio to ensure compliance with all applicable standards, policies, and procedures. Responsibilities include seeking markets, soliciting new business relationships and enhancing relationships with existing customers and monitoring creditworthiness of assigned portfolio.

• Provides consistent superior customer service in a friendly, efficient and accurate manner.
• Maintains knowledge of bank products and services and current trends and developments in the industry affecting loans, including legal and regulatory requirements.
• Provides loan information to current and prospective customers. Interviews and counsels prospective loan applicants. Explains loan options and alternatives (rates, types, repayment lengths, etc.); assists with completing loan application forms, gathers all pertinent information necessary to make loan commitment decision in an accurate and timely manner.
• For certain sized requests, prepares cash flow calculations, collateral coverage and calculates key financial ratios to analyze loans.
• Coordinates with Loan Operations for ordering real estate appraisals of applicable commercial and personal properties.
• Adequately documents all customer contacts with appropriate comments over the life of the loan in a timely manner.
• Approves or declines loans to commercial customers within specified loan limit according to Bank policy. For loans above loan limit follows the appropriate protocol as outlined in the Bank Loan Policy.
• Works closely with applicable Loan Coordinator for document preparation, processing and check disbursal in an effective manner. Reviews loan documents for accuracy, and provides input to performance appraisal process as requested. Presents completed loan documents to customers and discusses approval/disapproval of loan and loan terms and conditions to the customer in an effective manner.
• Maintains current and accurate documentation of loan information files. Maintains contact with customers to monitor loan activities, past dues, loan file exceptions, answers to customers questions, etc.
• Visits loan customers as needed or scheduled to review management of collateral in a timely manner.
• Reviews assigned loan portfolio and discusses classification changes needed with the Chief Credit Officer for appropriateness of reserve for loan loss.
• Responsible for collection activities relating to loans, reports results to Chief Credit Officer. Contacts customers to determine the reason for the past due condition and helps them to bring their account current; counsels customers with financial problems to determine alternative courses of action. May prepare notices to cure default, summons or complaints, replevins, voluntary surrenders, docket judgements and request financial disclosures, garnishments, account histories. May attend court hearings when necessary.
• Keeps current in areas of responsibility through appropriate professional reading, seminars, etc., especially as it relates to lending laws, rules and regulations.
• Participates in local organizations, clubs to promote Coulee Bank and to support the community. May be required to speak publicly and represent the Bank in community events. Education & Experience
  • Associate's or Bachelor's Degree in business, marketing, or sales related field; or equivalent combination of education and experience.
  • Minimum 3 years of commercial lending and credit experience.
  • Knowledge of commercial credit and cash management products. The likely salary range for this position is $75,000 - $100,000 annually with an opportunity to earn incentives based on production. This is not, however, a guarantee of compensation or salary; rather, salary will be set based on experience, geographic location and other requirements and could fall outside of this range. PI184959112

Keywords: Coulee Bank, St. Paul , Business Banking Officer, Accounting, Auditing , Saint Paul, Minnesota