Commercial Loan Officer (AVP depending on experience) at Devon Bank

Chicago, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

10 Jul, 26

Salary

135000.0

Posted On

11 Apr, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Commercial lending, Financial analysis, Credit analysis, Loan portfolio management, Business development, Relationship management, Loan underwriting, Term sheet preparation, Risk assessment, Customer interviewing, Sales promotion, Regulatory compliance

Industry

Banking

Description

Description At Devon Bank, we believe that if you take care of your community, your community will take care of you. We are a full-service community bank located in one of the most diverse areas in the country. Our mission has always been to be the bank that the neighborhood needs—to tailor its service offerings to the particular wants of the community. This means that in addition to offering business and personal banking, commercial, real estate and mortgage loans, trust and international services, electronic banking services from online banking and bill pay to ATM/Debit Cards and Mobile Banking, we also offer customized products, such as faith-based financing. Summary: Commercial Loan Officers solicit new commercial business, examine, evaluate, and recommend approval of customer applications for commercial loans as well as manage an ongoing portfolio of commercial loans. Essential Duties and Responsibilities: Identifies and analyze potential loan markets to develop prospects for commercial loans. Solicit new commercial customers and new loans from existing customers through development of a referral network and through direct calling. Interviews applicant and request specified information pertinent to loan application. Analyze applicant’s financial status, credit, and as appropriate, collateral feasibility of granting loan or submits application to credit analyst for verification and recommendation. Correspond with or interviews applicant to resolve questions regarding application information. Prepares Term Sheets for loan structure with applicants, including interest rates, fees, loan repayment options and other credit terms. Works with Credit Department to compile Loan Presentations Presents Loans to appropriate Loan Committees for approval Works with Documentation Department to prepare Loan Documents Ensure loan agreements are completed and accurate to industry practice and policy. Assures timely loan closing and funding activities. Monitors loan payments, financial performance and collateral position of borrower in commercial loan portfolio. Requests and Collects Financial information from Borrowers as per required by Loan Agreements Visit each commercial customer’s principal place of business or primary properties on a regular basis (at a minimum or annually). Becomes familiar with all aspects of Devon Bank Loan Policy and complies with its provisions. Recommends and implements appropriate changes to established policies and procedures. Promotes and cross-sells other products and services as appropriate to customer requirements. Provide loan data to support marketing and sales promotion programs. Additional Duties and Responsibilities as assigned Requirements College Diploma or professional level accounting and/or finance course work (college degree in business-related subject preferred). Basic experience: one year experience as a Loan Officer/Loan Officer trainee in a commercial bank. AVP Level: Minimum of two years’ experience as a Loan Officer in a commercial bank. Pay Range: $120,000-135,000 annually depending on experience Benefits: Life Insurance, short- and long-term disability fully paid by Devon Bank Medical, Dental, Vision and 401k with employer match EOE AA - Devon Bank is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics. If you need assistance or an accommodation due to a disability, you may contact us at HumanResources@devonbank.com or you may call us at (773)-465-2500.

Responsibilities

The Commercial Loan Officer is responsible for soliciting new commercial business, evaluating loan applications, and managing an ongoing portfolio of commercial loans. They must also conduct site visits to customer properties and ensure all loan agreements comply with bank policies.