What are the responsibilities and job description for the Commercial Loan Officer position at First Federal Savings Bank Illinois?
First Federal Savings Bank is expanding our team! We are looking for the right candidate with the right connections in the Elgin and surrounding markets to help us grow our commercial loan portfolio as a Commercial Loan Officer.
Position Summary:
The Commercial Loan Officer is responsible for building and managing a portfolio of commercial loans. The individual should be active in the Elgin market with proven results in commercial loan origination and portfolio management. Strong community involvement is essential including local chamber of commerce events, networking groups, and volunteer activities. We are seeking a candidate who can develop our presence and grow our commercial loan and deposit customer base and portfolio in the Elgin community.
Primary Responsibilities:
Identify and develop commercial client opportunities
Establish new commercial customer relationships
Meet or exceed bank targets for commercial loan, deposit, and insurance referral production
Work closely with Mortgage Loan Officers to develop mutual referral sources and mortgage referral leads through community activities and assessment of customer needs
Travel and community involvement
Deliver professional and excellent customer service
Work with retail staff on cross sale opportunities
Preferred Qualifications and Experience:
Bachelor's degree with a concentration in finance, business or related field
Five or more years of commercial lending experience
Past proven record of prospecting new business and meeting individual sales goals
Excellent verbal and written communication skills
Strong relationship-building, communication and interpersonal skills
Familiarity with current lending regulations
Ability to understand and interpret financial statements
The annual compensation range is $80,000 - $120,000, including salary plus commission. Comprehensive benefit package includes medical, dental, vision and life insurance, AD&D, long-term disability, 401k plan with employer matching, paid time off including vacation, sick, holiday, birthday, and work anniversary.
Submission of resume or employment application is not a guarantee of employment. First Federal Savings Bank is an Equal Opportunity Employer.
Salary : $80,000 - $120,000