VP of Commercial Lending

Job Description

VP of Commercial Lending - Mt. Sterling KY

Mt. Sterling, KY, United States of America

$64, $96,737.00

Overview

Peoples Exchange is built on tradition, service and trust. Since the first meeting of original charter board members, we have been locally owned and operated. Our founders set high standards of excellence for our organization, our operations, and our people for over 100 years. We have always been proud to be a pioneer in our marketplace by offering banking products and services to benefit our friends in the communities we serve. As times change, so do the needs of our customers. Peoples Exchange will offer top notch customer services maintaining our hometown, friendly service that our customers have grown to expect.

Peoples Exchange Bank is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, genetic information, disability, or veteran status. We are committed to providing a workplace that is based on merit and qualifications.

Job Skills/Requirements

This position will assist customers with commercial lending needs by analyzing loan requests and make credit decisions based on lending policy. The Lender will interview commercial businesses to develop information concerning their loan needs, earnings, and financial condition. The ability to analyze current financial position and to determine the degree of risk involved in extending credit or lending money. Makes decisions to approve, disapprove, or forward the loan request to higher levels for decision. Establishes the terms and conditions of the loan. Prepares and/or reviews all loan documents for completeness and accuracy. It is expected that this employee will follow current loans to ensure compliance with terms and coordinates with collections. Participates in sales development activities. The ideal candidate will have five or more years of previous experience.

Role:

Responsible for the originating, managing, and supervising the bank's portfolio of commercial loans, with the overall objective of maintaining and increasing its asset quality; to develop new and existing business relationships.

Essential Functions & Responsibilities:

• Takes applications for commercial loan business. Reviews customer financial condition and assesses the customer's ability to re-pay the loan. Makes underwriting decisions within approval authority. Completes or directs completion of all loan documents and closes loans.
• Participates in developing lending and deposit business for the bank. Calls on clients to expand existing business; calls on prospects seeking opportunities to expand the bank's client base.
• Assists in collection of past due loans.
• Monitors existing loan portfolio to maintain a high-quality asset base. Maintains up-to-date client files including current balance sheets, profit & loss statements, cash flow projections and all loan documentation.
• Assists customers with any loan-related questions and concerns.
• Other duties as assigned.

Employees must be able to pass the following pre screening:

Credit Screening – The credit screening includes a credit history check, financial fitness check, and other non-specified criteria to confirm eligibility for a position.

Background Screening - The background screening process includes a review of all federal and state civil and criminal charges for all locations you have lived at within the last seven years.

Drug Testing – The drug test will be a urine test. We check for a number of substances including Marijuana.

Employment and Education - The bank may also investigate the employment and education background of an employee. We reserve the right to deny or terminate employment based on the results of that review.

Educational Requirements (All)

High School Diploma/GED required. College degree preferred.

Additional Information/Benefits

Peoples Exchange pays for full-time employee only plans in the following benefit areas: Life Insurance, Long Term Disability and Short Term Disability. Comprehensive wellness program available.

Benefits: Medical Insurance, Life Insurance, Dental Insurance, Vision Insurance, Paid Vacation, Paid Sick Days, Paid Holidays, Short Term Disability, Long Term Disability, 401K/403b Plan, Educational Assistance, Special Incentive Plans

This job reports to the Market President

This is a 
Full-Time
 position 
1st Shift
.

Relocation is not provided and travel is required occasionally

Number of Openings for this position: 1