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First International Bank and Trust Commercial Loan Officer in Sioux Falls, South Dakota

Commercial Loan Officer

Department: Commercial Sales

Location: Sioux Falls, SD

PT/FT/Temporary : Full Time

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First International Bank and Trust is recognized seven years in a row for being a Top 50 Best Places to Work isn-t just an award placed on the shelf. It speaks to the teams of colleagues who are dedicated to create extraordinary experiences based on the philosophy treating every customer like family.

We are seeking a Commercial Loan Officer with business development and experience with credit/risk. Please see below for additional information and to submit your online application!

Position Summary: Under the direction of Branch or Market President and senior lending staff, examines, evaluates and authorizes or recommends approval of customer applications for commercial credit loans by performing the following duties.

Essential Duties and Responsibilities include the following. Other duties as assigned.

  • Primarily processes commercial credit loans

  • Interviews applicants and requests specified information for loan applications.

  • Requests applicant-s credit reports, background checks, reference checks and other information pertinent to loan applicant-s evaluation.

  • Calls or writes credit bureau and employer to verify accuracy of information.

  • Analyzes applicant financial status, credit and property evaluation to determine feasibility of granting loan or submits application to credit analyst for verification and recommendation.

  • Corresponds with or interviews applicants or creditors to resolve questions regarding application information.

  • Calls specified companies to obtain property abstract, survey and appraisal.

  • Ensures all title issues are met and that loan is properly recorded.

  • Reviews and analyzes title report or survey to determine issues and any present or potential risk.

  • Notifies customer of approval or prepares and mails adverse action forms to applicants.

  • Approves loan within specified limits or refers loan to loan committee for approval.

  • Compiles loan package and facilitates negotiation of loan structure with applicant, including fees, loan repayment options and other credit terms.

  • Ensures loan agreements and loan files are complete and accurate according to policy.

  • Assures timely loan closing and funding activities.

  • Assists customer in completing all required documentation and disclosures.

  • Ensures customer understands conditions and terms of account.

  • Reviews delinquent account records to determine appropriate action.

  • Analyzes potential loan markets to develop prospects for loans.

  • Responds to customer inquiries including payment questions, payoffs and loan values.

  • Originates loan correspondence.

  • Maintains proper correspondence and legal files.

  • Explains, promotes, cross-sells or refers bank, insurance and trust products or services.

  • Reviews emails and branch messages to remain current on policy or procedural changes and new product offerings.

  • Attends periodic training to receive information about various bank services and participates in an exchange of ideas and problems.

  • Assists with various projects and assignments as needed.

  • Comply with federal, state, and company policies, procedures, internal controls, and regulations.

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience: Bachelor's degree (B. A.) from four-year college or university preferred. Two to four years prior commercial and or agriculture lending or closely related lending experience, a strong credit risk management background, strong team work and communication skills.

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