VP, Commercial Loan Officer

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

📋 Description

• Implement a successful business development strategy aimed at increasing credit revenue.

• Manage both secured and unsecured loans or lines of credit.

• Cultivate commercial financing relationships through outreach, professional affiliations, networking, community engagement, and referrals.

• Offer financial guidance and support throughout the loan process, from application to closing.

• Comprehend borrowers’ business goals and act as a collaborative partner during the credit relationship.

• Evaluate potential borrowers’ financial situations, market conditions, business environments, credit standings, and property assessments.

• Adhere to loan policies and procedures to minimize risks associated with credit extensions.

• Participate in the commercial credit approval process to uphold underwriting and credit quality standards.

• Make financing decisions within designated limits or recommend credit approvals to senior management.

• Oversee the ongoing credit quality of the portfolio.

• Report any known or suspected violations of regulatory compliance.

• Maintain and enhance customer relationships.

• Promote bank products and services while making referrals to other departments.

• Act as the main point of contact for business clients and handle challenging credit situations.

• Represent Stillman Bank in the community through participation and leadership in local organizations.

• Serve on internal bank committees.

• Supervise, mentor, and train supporting staff members.

• Engage in continuous training and self-improvement initiatives.

⛳️ Requirements

• A relevant bachelor’s degree in business, finance, or sales, or a comparable combination of education and experience.

• A minimum of 3 years of prior banking experience.

• Comprehensive knowledge of lending guidelines, loan prerequisites, regulations, and compliance matters.

• Extensive experience in business development and sourcing.

• Background in loan portfolio management.

• Experience in enhancing customer relationships.

• Proven ability to manage challenging credit scenarios.

• Exceptional sales and advisory capabilities.

• Strong leadership, analytical, communication, presentation, and problem-solving abilities.

• Proficiency in computer skills and familiarity with standard business software is preferred.

• Capability to operate electronic office equipment and a motor vehicle.

• Ability to perform required physical activities and engage in extensive reading/viewing of documents and screens.

🏝️ Benefits

• Paid vacation time.

• Paid personal (flex) time.

• Paid wellness time.

• Paid time off for birthdays.

• Paid volunteer time off.

• 11 paid holidays.

• Two health plan options through Blue Cross Blue Shield of Illinois.

• Dental insurance.

• Vision insurance.

• Employer-funded short-term disability insurance.

• Employer-funded long-term disability insurance.

• Employer-funded life insurance.

• Additional life insurance available at a group rate.

• Discretionary 401(k) matching.

• Profit-sharing contributions.