Division Manager, Commercial Banking

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

📋 Description

• Oversee a team of Relationship Managers, Portfolio Managers, and Commercial Loan Specialists.

• Manage relationships in commercial banking and seek new business prospects.

• Address banking requirements for a specific territory and/or industry.

• Establish departmental objectives for incremental revenue and guide direct reports on focused sales activities.

• Ensure the department is sufficiently staffed and well-trained.

• Provide career guidance and manage succession planning for essential roles.

• Lead recruitment, performance evaluations, merit increase distributions, and disciplinary measures.

• Analyze and review portfolios to mitigate risk and improve profitability.

• Evaluate credit requests, including loan structuring, collateral, documentation, and pricing.

• Engage in community and industry events to enhance the bank's profile and build referral networks.

• Ensure adherence to bank policies, procedures, regulations, and legal requirements.

• Supervise departmental workflow and convey decisions and priorities effectively.

• Inspire, mentor, coach, and develop team members.

• Manage a team portfolio with average loan outstandings between $300MM and $500MM, deposits ranging from $50MM to $100MM, and an annual contribution of $5MM to $10MM.

• Carry out other duties as assigned.

⛳️ Requirements

• Bachelor’s degree or a comparable combination of education and experience is required.

• A minimum of 6 years of experience in commercial banking is required.

• At least 2 years of leadership experience is required.

• Comprehensive knowledge of commercial products, credit policies, procedures, and terminology.

• Strong strategic, analytical, and problem-solving abilities.

• Excellent skills in credit analysis, persuasion, and negotiation.

• Proven track record of achieving results through teamwork and collaboration.

• Strong decision-making and communication capabilities.

• Must possess a valid driver’s license and comply with Commerce Bank’s driving record standards.

• Intermediate proficiency in Microsoft Word, Excel, and Outlook.

• Experience in structuring complex credit requests is preferred.

• A Master’s degree in Business is preferred.

• Must be eligible to work in the US without sponsorship, both now and in the future.

🏝️ Benefits

• Employer-sponsored health insurance.

• Dental insurance.

• Vision insurance.

• 401(k) plan.

• Life insurance.

• Paid vacation.

• Paid personal time.

• Career development opportunities.

• Education assistance.

• Voluntary supplemental benefits.

• Performance-based incentive plan(s).