What are the responsibilities and job description for the Ag Loan Officer position at MBT Bank?
POSITION SUMMARY
Responsible for development, management, and retention of a quality Ag loan portfolio. Assists with building full banking relationships with customers, including referrals to other areas of the bank based on customer needs. Performs routine duties with minimal supervision.
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ESSENTIAL FUNCTIONS
Reasonable Accommodations Statement
To accomplish this job successfully, an individual must be able to perform, with or without reasonable accommodation, each essential function satisfactorily. Reasonable accommodations may be made to help enable qualified individuals with disabilities to perform essential functions.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:
- Originates, services, and monitors Ag loan accounts within established loan policy guidelines.
- Calls on potential or existing customers to develop new business and increase or retain existing business, including cross-selling and sales referrals to all areas of the bank as necessary. Position requires outside sales calls.
- Interviews new loan applicants, collects applicants’ financial information, and analyzes financial information to determine creditworthiness of the applicants.
- Monitors creditworthiness of existing customers. Collects and analyzes information through direct inspection of the applicant’s business and/or collateral, review of financial reports, personal interview, and other means.
- Follows bank procedures to identify, report, and/or collect problem accounts.
- Establishes and negotiates terms under which credit will be extended. (Including costs, repayment methods and schedule, collateral requirements, and any additional terms.)
- Develops material for and presents loan request to Loan Committee when request exceeds personal lending limit.
- Ensures customer retention and revenue generation while staying in accordance with loan policy guidelines and underwriting standards. Ability to accurately interpret Federal laws, State laws, and banking regulations to maintain overall compliance.
- Maintains knowledge of all MBT products and services and makes referrals to MBT Insurance, MBT Investments, and Retail Bankers as appropriate.
- Projects a positive presence of MBT Bank in the marketplace through sales calls and participation in community activities and marketing events.
- Completes other duties as assigned.
Education:
- Bachelor’s Degree with emphasis in business, finance, or accounting
Experience:
- Three or more years credit or banking experience
Benefits:
- 401k Match & Profit Sharing
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- Disability Insurance
- Paid Time Off
- Paid Holidays
- Employee Assistance Program
- Fitness Reimbursement
- Tuition Reimbursement
Where will you go with MBT?
MBT is a family-owned community bank that has been in business over 75 years. We continue to grow throughout North Central Iowa and Southern Minnesota with $750 MM in assets. Our employees are offered a generous compensation package including competitive benefits such as 401k match, profit sharing, PTO, annual bonus, and the ability to grow and learn throughout their career. We value our employees, exceptional customer service, community involvement and strive to do business with honesty, integrity, and respect.
We work to help each of our customers achieve their unique financial goals through a competitive array of agricultural, commercial, and consumer banking services, insurance, and investment opportunities. People join MBT Bank for a job opportunity but stay because of the family-friendly environment and career growth.