Commercial Loan Officer

Description

ABOUT US:

Stillman Bank is a local, community bank founded in 1882. Started in Stillman Valley, IL, we have grown to 6 locations throughout Ogle and Winnebago counties. Our organization is owned by shareholders and shareholder families, some of which span back 3 generations. Our Mission is to provide comprehensive financial solutions that support the well-being of our customers and strengthen the communities we serve.

ABOUT THE ROLE:

The Commercial Loan Officer executes an effective business development strategy to grow credit revenue, and services a variety of secured and unsecured loans or lines of credit.   

• Develops commercial financing relationships through a variety of strategies, including calling efforts, professional affiliations and networking, community involvement activities and referrals from both internal business partners and external centers of influence.
• Provides expert financial advice and guidance to credit customers throughout the loan cycle, from application to close.
• Achieves a thorough understanding of a borrower’s business objectives, and functions as a business partner throughout the credit relationship. 
• Researches and provides knowledgeable analysis regarding a potential borrower’s financial situation, as well as an assessment of the market, business conditions, credit status and property evaluations.
• Follows established loan policies and procedures to mitigate credit extension risks, and works collaboratively within the commercial credit approval process to ensure that underwriting and credit quality standards are implemented and maintained.
• Approves financing decisions within assigned limits or makes recommendations to senior management regarding extension of credit determinations.
• Manages ongoing portfolio credit quality.
• Works collaboratively with senior management in all aspects of credit extension and reports any known or suspected violation of regulatory compliance issues.
• Retains and strengthens current customer relationships.
• Identifies and successfully cross-sells appropriate bank products and services to new and current customers, and makes appropriate referrals to other functional areas.
• Serves as the bank’s primary point of contact for the business customer, and manages difficult credit situations as they may arise.
• Represents Stillman Bank within the communities we serve in a professional manner, through active participation in community organizations, seeking leadership roles where appropriate.
• Serves on various internal committees within the bank and performs duties at regular meetings as assigned.
• Directs, reviews and trains supporting staff members as appropriate.
• Participates in ongoing training and self-development programs to assure all responsibilities of this position are handled appropriately according to the law.

Requirements

Appropriate bachelor’s degree in business, finance or sales. Will consider an equivalent combination of education and experience. 3 or more years of previous commercial banking experience, with strong knowledge of lending guidelines, loan requirements, regulations and compliance issues. Significant experience with business development and sourcing, loan portfolio management, customer relationship strengthening and difficult credit situation management. Excellent sales and advisory skills. This position requires strong leadership, analytical, communication, presentation and problem-solving skills. Efficient computer skills and a command of typical business software preferred.   

Physical Requirements

Generally works within a typical office environment with moderate noise levels and temperatures, but requires the ability to adapt to other environments as may be encountered at a customer’s place of business. Requires the ability to operate all types of electronic office equipment. Generally a sedentary position, but requires the ability to drive and operate a motor vehicle, with occasional standing, walking, lifting, carrying, bending, kneeling, stretching, stooping and manual dexterity using hands and fingers. Requires ability for extensive reading and viewing of paper documents and computer screens.   

ABOUT COMPENSATION AND BENEFITS:

We believe our employees are our greatest asset and deserve competitive pay and benefits. We regularly review our compensation and align our ranges with market data for our geography, industry, and institution size.

• This is a salaried exempt position. Compensation is dependent on experience, from $90,000+.
• Paid time off is available up front, including paid vacation time, paid flex (personal) time, paid wellness time, paid birthday, paid volunteer time off, and 11 paid holidays.
• We partner with Blue Cross Blue Shield of Illinois to offer 2 health plans, dental insurance, and vision insurance.
• The bank pays for short-term disability, long-term disability, and life insurance on your behalf. You can purchase additional life insurance for yourself, a spouse, or dependents at a group rate.
• Discretionary 401k match and profit-sharing contributions are made on your behalf once you have met the eligibility requirements.

EEO STATEMENT

Stillman Bank is an Equal Opportunity Employer. We will consider applicants for our positions without regard to any category protected by applicable federal, state, or local law, including but not limited to: race, color, religion, sex, gender identity, sexual orientation, pregnancy, age, national origin, physical or mental disability, military or veteran status, genetic information, or any other protected classification.