Commercial Banker

3 weeks ago

Sun Valley, United States The Ladders Full time
The Commercial Banker I is responsible for soliciting, negotiating, underwriting and coordinating the closing of commercial purpose loans, including but not limited to equipment, SBA, commercial construction and other business-oriented loans in compliance with the Bank's lending policies and procedures. This position is responsible for a loan portfolio of up to $25 million, and a combined portfolio (loan and deposits) of up to $50 million.

They develop business deposit relationships with customers and promote business for the Bank by maintaining strong customer relations and referring customers to appropriate departments for additional services.

The position of Commercial Banker assists in attaining personal, regional, and Bank goals, through active management of existing relationships and participation in sales development efforts. Typically works on loans with less complex loan structures.

Assures compliance with all Bank policies and procedures, as well as all applicable state and federal banking regulations.

Essential Functions:
  • Actively manages and grows a portfolio of commercial relationships with the overall objective of maintaining asset quality and maximizing profitability. Negotiates, underwrites and processes renewals of credit facilities.
  • Reviews NSF and overdraft reports for customers assigned within their portfolio; approves or declines such exceptions within established lending limits.
  • Develops new business relationships through receipt of internal referrals and referrals from existing clients. The Commercial Banker I is also expected to generate a portion of new business through their own marketing efforts.
  • Analyzes financial information and prepares credit memorandums with moderate support from supervisor.
  • Performs pre-qualification assessment and analysis of financial condition and risk of financing requests within framework of Bank credit culture and current economic and industry trends, including SBA opportunities.
  • Interviews prospective applicants and requests specified information related to loan or credit application; corresponds with applicants to resolve questions regarding information.
  • Ensures timely and thorough monitoring of all credits through periodic reviews, continual analysis, and ongoing communication.
  • Gathers and analyzes all information necessary to approve a financing request; meets with existing or potential customers; visits customer sites; negotiates loan terms and conditions; approves loans within established lending limits or refers and recommends acceptance to the Chief Credit Officer or Loan Committee.
  • Negotiates prospect loan pricing and structure with oversight from manager.
  • Approves loan payments, draws from lines of credit, and fund transfers within specified limits.
  • Assesses credit risk and assigns risk rating for loans in portfolio.
  • Authorizes commitment, engagement, and Adverse Action letters.
  • Will act as a liaison between customer and management team when difficulty with loan repayment is identified.
  • Represents the Bank in various community, civic, and community functions to further enhance the Bank's image and develop additional business; assists the Bank in establishing and maintaining market position in the financing arena.
  • Identifies Cross sell opportunities of the Bank's other products and services, referring customers to appropriate staff as indicated.
  • Processes, solves, and answers complex customer transactions, problems, or inquiries with manager oversight.
Skills:
  • Ability to analyze and interpret basic financial statements and tax returns.
  • Basic sales and negotiating skills.
  • Strong written and verbal communication skills and the ability to develop and maintain strong customer and internal relationships.
  • Basic knowledge of banking operations, bank products and services.
  • Advanced math skills: ability to calculate interest, commissions, proportions, and percentages; balance accounts and recognize mathematical errors.
  • Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
Requirements
  • Bachelor's degree (BA) in Business or Finance or an equivalent combination of education and experience in a related field.
  • Experience, knowledge, and training in financial statement and tax return analysis typically resulting from a combination of education in accounting, financial and/or credit analysis or related areas.
  • Experience, knowledge, and training in all commercial lending activities.
  • Knowledge of related State and Federal lending and compliance regulations, and other Bank lending policies.

About IFB

Idaho First Bank (IFB) is a full-service state-chartered community bank established in October 2005 and headquartered in McCall, Idaho. Known for its "People First and Community First" motto, the Bank serves the greater Southwest Idaho and Central Oregon communities. Branch locations include McCall, New Meadows, Eagle, Ketchum, Nampa, Boise, and Bend. Idaho First Bank is a member of the FDIC and an Equal Housing Lender. For more information, visit us at www.idahofirstbank.com.

AA/Equal Opportunity Employer

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