Commercial Lending Specialist

5 days ago


East Grand Forks, Minnesota, United States Frandsen Bank Full time
Job Summary

Frandsen Bank is seeking a highly skilled Commercial Lending Specialist to join our team. As a Commercial Lending Specialist, you will be responsible for prospecting, underwriting, and closing secured and unsecured commercial loans in accordance with established lending objectives, policies, and procedures.

Key Responsibilities
  • Business Development: Establish and maintain positive business relationships with existing and prospective customers by performing assigned duties and responsibilities.
  • Loan Analysis: Analyze individual loan documents to determine customers' cash flow, ability to pay the loan, profit potential of the loan, etc. in order to minimize loan loss and maximize potential profit.
  • Credit Evaluation: Support lending staff in meeting and interviewing applicants to determine creditworthiness, deny or grant each loan, secure required signatures, explain procedures or reasons for denial, and present possible alternatives to those denied to maintain a favorable bank image.
Requirements
  • Education: Bachelor's degree in business, finance, or a related field or equivalent years of experience in the banking industry.
  • Experience: One to three years of experience, preferably in a financial institution or consumer loan department.
  • Portfolio Management: Ability to manage a $20+ million loan portfolio.


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