Commercial Banking Officer

Commercial Banking Officer

Responsible for developing, growing, and servicing commercial relationships that include loan and deposit accounts with new and existing businesses. Creates sales opportunities and partners with others to cross sell appropriate business products and services and increase membership. Responsible for underwriting, structuring, and closing member commercial accounts including government sponsored programs.

Essential duties and responsibilities include:

• Interviewing members applying for commercial loans, deposits, and services. Making decisions within authority and providing recommendations and or referrals when appropriate.
• Recommending, educating, and selling Magnifi Financial products and services to members. Expanding member relationships through follow-up activities to include outbound calls. Making referrals to appropriate departments to ensure all member needs are met.
• Performing offsite visits for new and existing members.
• Providing assistance in-person to commercial members in all areas of the member relationship with Magnifi Financial.
• Tending to work directly and indirectly with large and complex loans. Making credit decisions within lending authority and providing recommendations on loans above lending authority.
• Assisting members and lending staff applying for government and third party sponsored programs such as SBA, FSA, and other loan programs.
• Reviewing financial information with member (concerns, strengths, weaknesses).
• Working with the credit function to complete credit presentations, financial analysis, and risk ratings on existing and prospective credits.
• Developing and maintaining a complex commercial deposit, loan and services portfolio that meets organizational guidelines and maximizes return on equity and asset goals, while minimizing the risk to Magnifi Financial.
• Pursuing new business relationships by seeking new and existing prospects in the market to ensure sufficient new loan, deposit and service volumes are met.
• Using the sales process to identify and recommend Magnifi Financial products and services to members based on financial need. Making referrals to appropriate departments.
• Performing loan closings with members, ensuring all paperwork is properly completed and complies with legal regulations and Magnifi Financial policies.
• Performing collections/negotiations on problem member commercial loans.
• Collaborating with Commercial Banking Officer I and II positions to assist with the commercial banking products and services and the possible transfer of accounts when lending account thresholds are achieved.
• Assisting in training, mentoring and providing functional guidance to other Commercial Bankers and staff.
• Keeping abreast of rules, regulations and Magnifi Financial policy relating to member commercial loan and deposit accounts.
• Actively participating in community relations efforts to contribute to the mission and visibility of Magnifi Financial. Ensuring positive relationships with members, community leaders and businesses.

Education and experience:

• Bachelor's degree in Business, Finance or related field, or equivalent experience.
• Thirteen years of commercial lending experience, or equivalent knowledge and skills gained from related experience.

Licenses and certifications required:

• Notary Public designation within 3 months of start date in this position desired but not required.
• Valid driver's license and auto insurance with minimum liability limits within Magnifi Financial policy.
• Must be bondable.
• May work in multiple branches to accommodate member needs.

Salary range: Salaries vary based on factors such as location, internal equity, skills, experience, education, and qualifications for the role.

• Level II Commercial Banking Officer (8 years of commercial lending experience): $98,173 - $147,260
• Level III Commercial Banking Officer (13 years of commercial lending experience): $111,092 - $166,639

Total compensation package varies based on position and may include bonuses, performance-based incentives, commission, and/or discretionary bonuses.

The benefits:

• Opportunities for Training and Development *
• Leadership Development *
• Job Level Advancement (ability to move up in your position through training and development) *
• Tuition Reimbursement *
• 32 Hours Volunteer Paid Time Off *
• Paid Time Off Begins accruing upon date of hire for a total of 4 weeks per year for FT; prorated for PT *
• Medical
• Dental
• Vision
• Employer paid Life Insurance/AD&D
• Employer paid Disability Insurance
• Retirement Plan - Employer match up to 4%, eligible for annual profit sharing *
• Paid Parental Leave
• Bonus/Incentive Program
• Employee Engagement/Health and Wellness Programs *

Who we are:

At Magnifi Financial, we offer a collaborative, friendly environment where we support our employee's growth and development, and create a positive work atmosphere. As a member-owned organization, we are focused on making dreams come true for our members. Our vision is enhancing the lives of members and community through strength, service and growth. Magnifi Financial has grown to more than 85,000 members, $2.5 billion in assets, over 400 employees, and over 26 branch locations throughout Minnesota and North Dakota. But what hasn't changed is our focus on the members and communities we serve.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.