Commercial Loan Officer Trainee

At Sterling Federal Bank, we focus on exceptional customer service, and we are on a mission to serve our community. Do you like to develop business relationships, be visible in the community and see your local community grow and develop?

Would you like to work with bright, intelligent coworkers?

Are you seeking to work for an employer who gives back to the community?

We are seeking a Commercial Loan Officer Trainee.

Here are some great reasons to work for Sterling Federal Bank:

Community involvement: Sterling Federal Bank gives back to our local communities by giving corporate and employee donations and by encouraging employees to be involved in our local communities.

Benefits: We offer an excellent benefit package including paid medical and dental insurance for the employee, 401(k) retirement plan with 3% employer match. 401k employer 4% nonelective contribution, Life Insurance, AD&D, long-term disability insurance, paid time off (vacation, personal and sick time) and 12 paid holidays

Fun! We have fun each quarter celebrating our employees' accomplishments.

Come see why we are ranked as one of the best places to work in Illinois for the seventh year in a row!

Don't just work anywhere, work where you are appreciated and celebrated!

Commercial Loan Officer Trainee Job Summary:

The Commercial Loan Officer Trainee will develop and expand commercial loan relationships with customers, while providing referrals to branch staff to assist in capturing full banking relationships. Commercial Loan Officer Trainee will conduct prudent management of a commercial loan portfolio in compliance with credit policy and risk standards. Responsibilities also include maintaining an appropriate level of community involvement and visibility.

Precise Roles, Tasks and Responsibilities:

• Participates in client/prospect calls along with experienced Commercial Loan Officers and the Commercial Deposit department, seeking opportunities to expand Sterling Federal's client base in both commercial lending and deposits.
• Identifies and cultivates relationships to expand client base.
• Regularly attends community functions and participates in service clubs with the expectation of increasing prospect list of names
• Gains understanding and proficiency of commercial loan and deposit products.
• Regularly attends loan committee meetings, gaining proficiency in presenting loans for approval.
• Takes applications for commercial loan business. Analyzes customer financial condition and assesses the customer's ability to re-pay loans.
• Gains understanding and proficiency of the commercial loan workflow process, preparing loan presentations, all loan documents and the loan closing process.
• Collects financial and collateral information and assists in making sure commercial tracking reports stay current with a minimal number of financial and collateral exceptions.
• Assists in collection and work out of past due loans.
• Assists customers with any loan-related questions, servicing, and concerns.
• Attends and successfully completes Commercial Lending school and internal sales training
• Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to the AML/CFT/OFAC program.
• Completes ABA courses monthly as assigned.
• Other duties as assigned.

Education/Experience

Bachelor's degree in business, finance or other related field preferred

Three to five years of similar or related sales experience, including time spent in

preparatory positions.

Competencies

The ability to motivate or influence internal or external senior level professionals is a critical part of the job, requiring a significant level of influence and trust. Obtaining cooperation and agreement on important outcomes via frequently complex, senior level dialogues, as well as a professional level of written communication skills are essential to the position.

High level of interpersonal skills to interact with customers and potential customers in a professional manner.

Advanced analytical skills to conduct loan analysis and maintain loan's progress in consideration of market trends, credit/interest rates, economic conditions and other factors.

Compensation $60,000 per year annual salary

Sterling Federal Bank is an Equal Opportunity/Affirmative Action Employer

Current Openings for Commercial Loan Officer Trainee Jobs at Sterling Federal Bank