Commercial Lender

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Stearns Bank N.A.

WebsiteLinkedInAll Job Openings

501 - 1000 employees

Founded 1912

🏦 Banking

💸 Finance

💳 Fintech

Banking • Finance • Fintech

Stearns Bank N. A. is a nationwide preferred SBA lender with over 100 years of experience in the financial services sector. As employee owners, the bank prides itself on a culture of integrity, urgency, and commitment to customer success. Known for its outstanding personal service, Stearns Bank specializes in equipment financing and leasing while fostering a strong sense of community and teamwork. Their mission is to help others achieve their greatest ambitions, and they are recognized as a top-performing bank that flourishes in any economic condition.

📋 Description

• Develop and manage lending relationships for the purpose of generating loan requests that meet established lending requirements, which provide maximum profitability to the bank with a minimum risk. • Including managing a loan portfolio for the express purpose of increasing balances and profit, and decreasing past dues, charge-offs, and other loan problems. • Ability to work within the bank's national lending platform under various programs. • Develop an ongoing personal business development plan that utilizes a structured calling program that generates an agreed-to minimum of new loan growth and fee generation based on business unit KPIs. • Collect necessary information from loan applicants so that loan requests can be understood and properly underwritten; respond to the credit department’s questions pertaining to the underwriting process to determine the credit worthiness of loan applicants. • Will provide information as requested on the status of loans in process and approved but not closed (pipeline and backlog report). • Make timely decisions on loan applications within granted authorities. • Is responsible for the accuracy of loan grading, documentation, performance, clearing of exceptions, and follow-up on all loans in assigned portfolio. • Will actively work existing customer base for referrals that garners new business from prospects and existing customers alike. • Maintain a list of delinquent accounts within the personal portfolio and maintain a log of collection efforts. • Contact delinquent accounts via telephone, personal visits or correspondence. • Forward irreconcilable accounts for collector action or pursuing legal action. • Monitor loan repayment for loans in assigned portfolio and take necessary action to collect past due loans. • Participate in community activities for the purpose of increasing the bank’s visibility and seeking out new business opportunities. • Promote bank services, seek out referral opportunities (including consumer loans), answer customer questions, and direct customers to the appropriate personnel for assistance. • Effectively use bank systems and other technology to the fullest extent of their capabilities to include lead tracking, opportunities, file notes, underwriting, processing, closings, and servicing workflows. • Maintain a working knowledge of all legal and regulatory compliance issues as they pertain to this position. Loss prevention and security as applicable to this position.

🎯 Requirements

• Bachelor’s degree from a four-year college or university preferred but will consider experience in lieu of degree. • Proven track record in commercial lending, specifically for commercial and commercial real estate loan requests. • Relationship management skills for commercial, small business, and personal relationships. • Highly developed analytical and underwriting expertise and a credit quality focus. • Portfolio management experience required. • Strong oral and written communication skills. • Proficient computer skills. • Excellent customer service skills.

🏖️ Benefits

• Employee Stock Ownership Plan & 401k Plan • Healthcare (Medical, Dental, Vision, Telehealth, Life insurance) • 12-week Paid Parental Leave and Medical Leave: With a cap of 20 weeks for eligible team members who qualify for both Medical and Parental Leave related to the birth of a child • $5,000 Family Care Reimbursement: Childcare, Elder Care, Student Loan Debt, Pet expenses, Down Payment Assistance, Health Insurance Premiums • PTO from 13 to 23 days depending on tenure. Cashout and Carryover options • 10 Days Sick Time • 11 Paid Holidays • 4 Days Volunteer Time • 2 Days Self Allowance Time • Tuition Assistance