Commercial Loan Officer - job 1 of 20

As a Commercial Loan Officer at our community bank in Lennox, SD, you'll be tasked with developing new loans and managing the existing loan portfolio. You'll also be responsible for identifying and cross-selling a wide range of commercial banking services via a proactive sales and business development plan, which is crucial for fostering long-term relationships with customers.

To qualify for the Commercial Loan Officer position in Lennox, SD, candidates typically need a bachelor's degree in Business, Accounting, or Finance, coupled with a minimum of 15 years of experience in an active lending role. Strong business development skills, credit risk assessment expertise, and a thorough understanding of bank regulations regarding lending are also essential.

Our Commercial Loan Officers enjoy a competitive compensation package that includes comprehensive benefits such as vacation time, life, health, dental, and vision insurance, along with participation in our ESOP. There are also performance-based incentives that reward closed loans throughout the year.

A Commercial Loan Officer plays a pivotal role in the growth of our bank by proactively seeking new business opportunities, developing a vibrant book of business, and implementing effective strategies to manage and expand the existing loan portfolio.

The uniqueness of the Commercial Loan Officer role at our billion-dollar financial institution in Lennox, SD lies in our balance of scale and community focus. You’ll be empowered to serve larger clients while maintaining a genuine commitment to personalized service, thanks to our community bank atmosphere.

When answering this question, share specific examples of how you've successfully identified lending opportunities in the past, emphasizing your strategic approach and results achieved.

Discuss your methods for monitoring loan performance, addressing past-due accounts, and maintaining communication with borrowers to ensure timely repayments and assess further lending needs.

Share your strategies for networking within the community and how you leverage personal relationships to generate leads and close loan deals effectively.

Highlight your particular methods and tools for evaluating potential borrowers, including how you’ve identified red flags and mitigated risks in previous lending roles.

Articulate your view on how knowing your clients on a personal level enhances trust and loyalty, leading to more successful long-term business relationships.

Discuss specific challenges you've encountered and how you've addressed them, showcasing your problem-solving skills and resilience.

Explain your approach to staying informed about regulatory updates and how you incorporate compliance checks into your workflow when assessing loans.

Describe your techniques for educating clients about additional services and products they may benefit from, thus fostering an upselling culture.

Provide insight into your systematic approach to networking, prospecting, and nurturing leads, emphasizing the importance of follow-up and relationship maintenance.

Convey your enthusiasm for the role, discussing how the bank’s values align with your career goals and your commitment to contributing positively to the community.