Commercial Loan Officer

This is a fully remote position, open to applicants in Illinois.

📋 Description

• Identify, assess, and structure commercial loan opportunities, encompassing CRE, term loans, lines of credit, and SBA 7(a)/504 products.

• Conduct initial financial assessments and pre-screening to evaluate creditworthiness and deal feasibility.

• Collaborate with internal departments (underwriting, closing, and administration) to efficiently facilitate the loan process from origination to closing while ensuring thorough and precise documentation.

• Act as the main point of contact for borrowers, credit union partners, and internal stakeholders to provide a smooth lending experience.

• Develop and sustain referral networks (CPAs, brokers, attorneys, etc.) and represent the organization at events to create new business opportunities.

• Inform clients and partners about lending solutions, maintain consistent communication, and foster long-term relationship growth.

• Stay updated on market trends and partner with marketing on focused business development strategies.

• Maintain high standards of responsiveness, professionalism, and service in all interactions.

⛳️ Requirements

• Bachelor’s degree in Finance, Business, Accounting, or a related field (or equivalent experience).

• Over 5 years of experience in commercial real estate lending.

• Knowledge of syndication/participation lending is highly preferred.

• Strong grasp of commercial loan products, credit analysis, and underwriting principles.

• Excellent communication and interpersonal skills, with the capability to effectively engage borrowers, partners, and internal stakeholders with varying levels of financial expertise.

• Proven track record of relationship building and cross-functional collaboration while contributing to common business objectives.

• Demonstrated organizational and project management capabilities, able to handle multiple deals and deadlines concurrently.

• Robust financial acumen, including the ability to interpret financial statements, evaluate credit risk, and support prudent lending decisions.

• Familiarity with commercial lending markets, including industry trends, customer requirements, and competitive landscape.

• Effective sales and negotiation abilities, with the skill to recognize opportunities, design solutions, address objections, and finalize deals.

🏝️ Benefits

• Base compensation for this role ranges from $100,000 - $130,000.

• This position is also eligible for the Commercial Lender Incentive Program.

• Cell Phone Reimbursement.

• Remote Work Environment.

• Generous Holidays: Enjoy 13 paid holidays each year.

• Community Service Time: You will receive eight hours of paid time annually for volunteer work, which can be used individually or for group activities.

• Comprehensive Insurance Coverage: Select from a variety of medical, dental, vision, and supplemental benefit plans tailored to your needs. The company also provides company-paid Short-Term Disability (STD), Long-Term Disability (LTD), and life insurance equivalent to one time your salary.

• 401(k) Plan: The company offers a generous matching contribution of up to 6%.

• Tuition Assistance.