At Sterling Federal Bank, we focus on exceptional customer service, and we are on a mission to serve our community. Do you like to develop business relationships, help business owners achieve their goals, be visible in the community and see your local community grow and develop? Would you like to leverage your community ties and centers of influence to generate quality leads?
Are you seeking to work for an employer who gives back to the community?
Sterling Federal Bank is seeking a Commercial Loan Officer to join our team!
Here are some great reasons to join the Sterling Federal Bank team!
Community involvement: Sterling Federal Bank gives back to our local communities by giving through corporate and employee donations and by encouraging employees to be involved in our communities through volunteering opportunities.
Benefits: We offer an excellent benefit package including paid medical and dental insurance for the employee, 401(k) retirement plan with employer match. nonelective contribution percentage, Life Insurance, AD&D, long-term disability insurance, paid time off (vacation, personal and sick time) and 12 paid holidays
Fun! We have fun each quarter celebrating our employees' accomplishments.
Come see why we are ranked as one of the best places to work in Illinois for the seventh year in a row!
Don't just work anywhere, work where you are appreciated and celebrated!
Precise Roles, Tasks and Responsibilities:
Commercial Loan Officer is responsible for business development in the community and surrounding area with emphasis on Commercial loans and deposits. Develop and increase the portfolio of commercial and agricultural loans while adhering to high credit quality standards. Responsibilities also include maintaining an appropriate level of community involvement and visibility. Manages and supervises a portfolio of commercial loans with the overall objective of maintaining and improving commercial loan portfolio asset quality.
Essential Functions:
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. Calls on clients to expand existing business; calls on prospects seeking opportunities to expand Sterling Federal's client base.
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 in collecting past due loans.
Assists customers with any loan-related questions and concerns.
Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
Completes ongoing training and assigned course work.
Education/Experience:
Competencies:
Proven self-starter who can build and manage a pipeline independently, with support from the Commercial team and bank leadership.
The ability to motivate or influence internal or external senior level professionals is a critical part of the job, requiring a significant level of influence and trust. Obtaining cooperation and agreement on important outcomes via frequently complex, senior level dialogues, as well as a professional level of written communication skills are essential to the position.
High level of interpersonal skills to interact with colleagues, customers and potential customers in a professional manner.
Advanced analytical skills to conduct loan analysis and manage loan portfolio progress in consideration of market trends, credit/interest rates, economic conditions and other factors.
Compensation: $85,000 to $107,000 depending on qualifications