Vice President- Commercial Banking

Company: MidWestOne Bank
Location: Eden Prairie
Posted on: September 22, 2022

Job Description:

Vice President- Commercial Banking in Eden Prairie, Minnesota - Careers at MidWestOne Bank Skip Branding Skip to Main Content Please Enable Cookies to Continue Please enable cookies in your browser to experience all the personalized features of this site, including the ability to apply for a job. Welcome page Returning Candidate? Log back in! Vice President- Commercial Banking Location : Location US-MN-Eden Prairie Status Exempt Type Full-Time City Eden Prairie State MN Hours Per Week 40 Benefits Package Yes - Full Time Package Location : Address 2 6640 Shady Oak Road Overview Examines, evaluates, and authorizes or recommends approval of customer applications for commercial and/or agricultural loans by performing the following duties. Refers and coordinates the extension of all banking relationships to prospective and current clients. Responsibilities

• Interviews applicants and underwrites all types of commercial and/or ag loans through existing loan policy guidelines. Collects and analyzes financial related data to determine the general creditworthiness of the prospect and the merits of the specific loan request; submits application to credit analyst for verification and recommendation.
• Analyzes applicant financial status, credit, and property evaluation to determine feasibility of granting loan or submits application to credit analyst for verification and recommendation.
• Establishes and negotiates where necessary the terms under which the credit will be extended, including the costs, repayment method and schedule and collateral requirements.
• Compiles loan package and facilitates negotiation of loan structure with applicant, including fees, loan repayment options, and other credit terms. Ensures loan agreements are complete and accurate according to policy. Promotes and cross-sells other banking products and services as appropriate to customer needs.
• Approves loans within specified limits or refers loans to loan committee for approval.
• Assures timely loan closing and funding activities.
• Works problem or delinquent loan accounts through the collection process in coordination with Credit Management personnel:
• Monitors loan repayment activities and takes necessary action to collect from past due accounts.
• Advises customers, where possible, on business management and financial matters.
• Responsible for ensuring all applicable documentation requirements for loans under his/her responsibility in conjunction with the Credit Administration Department.
• May participate as a member of Senior Loan Committee and make presentations of loans needing approval to the committee.
• Calls on business customers and potential clients and promotes the Bank to enhance commercial banking relationships.
• Identifies and analyzes potential loan markets to develop prospects for commercial loans.
• May participate in the planning process for the region's Commercial/Ag Banking Department.
• Assists the Lead Commercial Banking Officer in the market with designated credits and special projects.
• Other duties may be assigned Qualifications Bachelor's degree (B. A.) from four-year college or university preferred plus 3-5 years related experience, or equivalent combination of education and experience. Options Apply for this job online Apply Share Refer this job to a friend Refer Sorry the Share function is not working properly at this moment. Please refresh the page and try again later. Share on your newsfeed Loading... Need help finding the right job? We can recommend jobs specifically for you!Click here to get started. Application FAQs Software Powered by iCIMS
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Keywords: MidWestOne Bank, Eden Prairie , Vice President- Commercial Banking, Executive , Eden Prairie, Minnesota