What are the responsibilities and job description for the Commercial Banking Officer - St. Cloud position at CM Group?
POSITION SUMMARY
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
- Interviews members applying for commercial loans, deposits, and services. Makes decisions within authority and provides recommendations and or referrals when appropriate.
- Recommends, educates, and sells Magnifi Financial products and services to members. Expands member relationships through follow-up activities to include outbound calls. Makes referrals to appropriate departments to ensure all member needs are met.
- Tends to work directly and indirectly with large and complex loans. Makes credit decisions within lending authority and provides recommendations on loans above lending authority.
- Assists members and lending staff applying for government and third party sponsored programs such as SBA, FSA, and other loan programs.
- Reviews financial information with member (concerns, strengths, weaknesses).
- Works with the credit function to complete credit presentations, financial analysis, and risk ratings on existing and prospective credits.
- Develops and maintains 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.
- Pursues new business relationships by seeking new and existing prospects in the market to ensure sufficient new loan, deposit and service volumes are met.
- Uses the sales process to identify and recommend Magnifi Financial products and services to members based on financial need. Makes referrals to appropriate departments.
- Performs loan closings with members, ensuring all paperwork is properly completed and complies with legal regulations and Magnifi Financial policies.
- Performs collections / negotiations on problem member commercial loans.
- Collaborates 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.
- Assists in training, mentoring and provides functional guidance to other Commercial Bankers and staff.
- Keeps abreast of rules, regulations and Magnifi Financial policy relating to member commercial loan and deposit accounts.
- Actively participates in community relations efforts to contribute to the mission and visibility of Magnifi Financial. Ensures positive relationships with members, community leaders and businesses.
EDUCATION AND EXPERIENCE
BENEFITS
We are committed to investing in our team! Magnifi Financial offers benefits that help everyone achieve their full potential. Full-time employees are eligible for the following benefits (benefits with an asterisk are also available to eligible part-time positions) :
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, $2.4 billion in assets, over 400 employees, and over 25 branch locations throughout Minnesota. But what hasn't changed is our focus on the members and communities we serve.
Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
