Commercial Loan Officer, VP at First Mid Bank & Trust

Rockford, Illinois, United States -

Full Time

Start Date

Immediate

Expiry Date

06 Jul, 26

Salary

137800.0

Posted On

07 Apr, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Commercial lending, Loan portfolio management, Credit analysis, Business development, SBA lending, Commercial real estate lending, Deposit growth, Risk management, Financial statement analysis, Cash flow projection, Customer relationship management, Cross-selling, Regulatory compliance, Analytical skills, Interpersonal skills, Leadership

Industry

Financial Services

Description

At First Mid, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of discretionary short-term incentives (i.e. bonus, incentives, and/or commission). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, tuition reimbursement, an Employee Stock Purchase Plan, and a 401K plan with company match. Incentives and benefits are subject to eligibility requirements. Develops, manages, and grows agricultural, SBA, commercial, and/or commercial real estate loans that meet established commercial lending criteria and provide maximum profitability to the Bank at minimum risk. Develops and increases commercial and retail deposit accounts. Responsibilities include, but are not limited to: * Ensures the asset quality of the assigned loan portfolio. Reviews delinquency reports with direct supervisor to ensure proper collection efforts are being utilized to manage the credit risk of the portfolio. Maintains low loan delinquency and ensures that there are no administrative past due loans. Communicates timely and in a comprehensive manner with their supervisor concerning any credit that is experiencing stress. * Manages, supervises, and grows individual loan and commercial deposit portfolios. Develops and maintains existing customer base and builds customer satisfaction and confidence in the Bank. Works effectively with personnel in the Credit Administration Department. * Solicits new customers and negotiating rate and loan terms (for both new and renewal loans) in a competitive and price sensitive environment. * Cross-sells other bank services to customers i.e. retail deposits, cash management, retail lending and wealth management services. * Working with a predetermined lending limit, analyzes customer credit applications; balance sheets and profit and loss statement; and cash flow projections in order to make sound loan decisions and predict future repayment capacity. Coordinates these efforts with personnel in the Credit Administration Department. Make recommendations to loan committee on new and renewal loans for amounts above lending limit * Participates as a member of various Bank committees as assigned. * Represents the Bank and provide leadership in key community activities and committees. Participate in professional associations; attend conventions, conferences and seminars. * Completed required training associated with job function. * Performs related duties as assigned. Qualifications Education/Experience: * Bachelor’s degree in Finance or Business Administration or the equivalent of specialized training in commercial and/or consumer lending and overall bank management. * 5+ years of experience in commercial lending with relevant knowledge of CRE and C&I lending. Skills: * Thorough knowledge of Company’s products and services * High level of analytical skills to conduct loan analysis and maintain loan’s progress in consideration of market trends, credit/interest rates, economic conditions and other factors. * High level of interpersonal skills to interact with customers and potential customers in a professional manner. * Adequate knowledge of both internal policies and procedures and the respective state and federal laws and regulations governing departmental functions to ensure performance of individual job duties within the proper control environment. Total Rewards: * Competitive health, dental & vision coverage with HSA match * 401(k) with employer match + Employee Stock Purchase Plan * Generous PTO, paid holidays & parental leave * Tuition reimbursement & performance-based bonuses * Visit our Total Rewards [https://www.firstmid.com/careers/total-rewards/] page to see our full list of benefits First Mid Bancshares, Inc. is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, gender identity, sexual orientation, protected veteran status, or any other applicable federal or state-protected classification. THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT

Responsibilities

The Commercial Loan Officer develops, manages, and grows agricultural, SBA, commercial, and real estate loan portfolios while ensuring asset quality and minimizing risk. They are also responsible for soliciting new customers, cross-selling bank services, and analyzing credit applications to make sound lending decisions.