Ag/Commercial Lender

Minnesota Bankers Association • Canton, SD, United States • $200k - $250k / year • 1w ago

Ag/Commercial Lender

Security Savings Bank

100 S. West St., Canton, SD 57013

Job Description

As an Ag/Commercial Lender at Security Savings Bank, you will play a key role in evaluating and managing loan applications for agricultural and commercial purposes. Your role involves assessing the creditworthiness of potential borrowers, recommending loan approvals, and managing ongoing loan relationships.
You will work directly with clients to understand their financial goals, address their borrowing needs, and contribute to their success while upholding the bank’s commitment to integrity and community support. This role requires strong analytical skills, effective communication, and a dedication to exceptional customer service.

Essential Duties and Responsibilities

Meets with current and prospective agriculture, consumer and commercial clients to discuss the loan products offered by the bank
Maintains current knowledge and understanding of the bank’s lending policies, regulatory requirements, economic conditions, market rates, vendors and competitors
Obtains financial statements, tax returns and other financial information from customers, and underwrites their current credit situation
Effectively executes new loans and serves existing loans in a timely manner
Analyzes current loans and looks for weaknesses that can be mitigated by restructuring
Negotiates loan rates and terms with customers within set guidelines, while maximizing profitability for the bank
Approves or rejects loans and terms within officers’ limits and established bank policies
Refers loans outside the loan officer lending authority to the Market President or Executive Loan Committee (ELC) as defined in the Lending Policy
Actively seek and engage with new potential clients to build and expand the customer base
Prepares the financial information of current and prospective clients for ELC, as stipulated in the Lending Policy
Obtains the necessary documentation to perfect a lien, clear real estate title, or complete any other requirements to facilitate a loan closing
Monitors loan repayment activities and takes necessary actions to collect from past due accounts.
Reviews and makes decisions on all branch deposit account overdrafts
Oversees the Loan Administrator to ensure all proper documentation is in the loan files and assists in obtaining any additional necessary documentation
Participates in relevant committees as required by the bank
Assists with the collection of defaulted loans
Performs collateral inspections

Knowledge, Skills and Abilities

Ability to maintain current and thorough knowledge of all lending programs, policies, procedures, and regulatory requirements
Strong familiarity with mortgage processes, procedures, rules, regulations, and compliance; knowledge of federal, state and local levels of loan processing laws and regulations with ability to communicate these laws in a non-technical and conversational manner to customers
Ability to develop and maintain respect with all employees and management; demonstrates a commitment to the company’s culture
Must have strong analytical skills and perception; will be required to accurately assess clients’ financial statements to ensure creditworthiness
Strong attention to detail; must be comfortable working with minuscule details
Must be familiar and/or comfortable with computers and software applications related to banking
Excellent customer service, interpersonal, and communication skills

Education & Experience

High school diploma or equivalent; an associate’s or bachelor's degree in finance, economics, or a related field is preferred
2+ years’ experience in the banking, lending, or real estate industry

About

Be part of a century of family banking.
Security Savings Bank’s nearly 100-year history is an advantage we bring that is driven by the dedication and commitment we have to our communities, customers, employees and relationships. We have 8 branches in 3 states and are the employer of choice - come join this GREAT team.