Commercial Loan Officer - job 1 of 18

As a Commercial Loan Officer at our Spearfish, SD location, your main responsibilities will include developing new loans and managing an existing commercial loan portfolio, maintaining relationships with clients, and actively seeking new business opportunities. You will also monitor loan conditions and necessary repayments to ensure compliance with bank regulations, focusing on providing top-notch personalized service to our larger customers.

To thrive as a Commercial Loan Officer in Spearfish, SD, candidates should ideally hold a Bachelor's degree in Business, Accounting, or Finance. Moreover, a minimum of 15 years of experience in an active lending role is essential, along with strong business development and credit risk assessment skills. Experience in community banking is highly valued, as it aligns with our focus on local relationships.

As a Commercial Loan Officer here, you can expect a robust benefits package that includes vacation, health, dental, and vision insurance. We also offer employee stock ownership plan (ESOP) benefits, annual incentives based on closed loans, and a supportive work/life balance, ensuring your well-being as you contribute to the organization's success.

The work environment for a Commercial Loan Officer in Spearfish, SD, is positively oriented and team-focused. Our management encourages collaboration and innovation, fostering a culture where employees feel valued and empowered to succeed. You will have the opportunity to interact closely with colleagues and clients, creating a family-like atmosphere even in our growth phase.

As a Commercial Loan Officer, your role is crucial to the bank's success in Spearfish, SD. By developing new loans, managing existing portfolios, and engaging with the community, you drive business solutions that empower both the bank and its customers. Your proactive approach and relationship-building skills will lead to increased client satisfaction and loyalty, reinforcing the bank's position in the community.

When answering, focus on specific strategies such as networking within the community, leveraging social media for outreach, and attending local events. Emphasize personalized follow-ups and establishing trust by understanding client needs.

Provide examples from your past roles where you assessed credit risk. Discuss methods you used, like analyzing financial statements and performing market research, to demonstrate your thorough approach to risk assessment.

Share your methods for prioritizing tasks, such as using project management tools, maintaining lists, and setting deadlines. Emphasize how you ensure that important client interactions remain top priority, especially in a busy environment.

Discuss the importance of open communication with the borrower and your approach to resolving issues early on. Highlight strategies such as creating payment plans or negotiating terms to ensure successful repayment while maintaining the relationship.

Mention your methods for keeping current, such as subscribing to industry newsletters, participating in webinars, or networking with other professionals in the field. Highlight the importance of continuous education in your role.

Share specific instances where you've overcome challenges, such as economic downturns or regulatory changes. Focus on your problem-solving skills and adaptability as you navigated these situations.

Narrate a compelling story about a notable loan you secured. Include details about how you identified the opportunity, assessed the borrower's needs, and successfully closed the loan while highlighting the positive outcomes for both parties.

Outline the key components you would include in a successful business development plan, such as targeting specific industries, establishing referral partnerships, and setting measurable goals. Discuss how you would adapt the plan based on results and feedback.

Emphasize the collaborative nature of the banking environment. Discuss how teamwork enables sharing of leads, insights regarding client relationships, and collective problem-solving to enhance service delivery and client satisfaction.

Share your personal motivations, whether it's the satisfaction of helping businesses grow, achieving targets, or the challenges the role presents. Highlight how these motivators push you to excel and contribute meaningfully to the organization.