Commercial Finance Specialist

3 weeks ago


Sioux Falls, South Dakota, United States First Western Bank & Trust Full time
Job Overview

First Western Bank & Trust is seeking an experienced Commercial Finance Specialist to join their team in Sioux Falls.

Estimated Salary: $80,000 - $120,000 per year

The ideal candidate will have a strong understanding of financial statements and credit standards, as well as excellent oral and written communication skills.

About the Role:

  • Conduct sales calls and meet with prospective and existing customers to establish new loan business
  • Represent the bank in local community at meetings and events to market the bank's products and services
  • Administer individual loan portfolio including commercial and other assigned loans
  • Interview loan customers to determine lending needs
  • Work with the Small Business Administration and Bank of North Dakota to qualify customers for participation lending programs
  • Negotiate direct lending terms as well as collateral and payment structures
  • Maintain customer relationships through regular communication and follow up contact
  • Meet with customers to request information for loan applications, including appraisals, credit reports, background checks and other information needed for loan evaluation
  • Compile financial information including income tax records, balance sheets and other data to create loan spreads
  • Analyze applicant financial status and conduct collateral evaluations to make lending decisions
  • Approve credits up to lending authority and prepare those credit requests that exceed lending authority for loan committee and/or Board approval


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