Commercial Banking Officer

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.

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.
• Makes credit decisions within lending authority and provides recommendations on loans above lending authority.
• 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 medium and moderately complex loans.
• 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.
• 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 III positions to assist with 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

• Bachelor’s degree in Business, Finance or related field, or equivalent experience.
• Eight years of commercial lending experience, or equivalent knowledge and skills gained from related experience.

Licenses And Certifications

• Notary Public designation within 3 months of start date in this position desired but not required.
• Valid driver’s license and auto insurance with minimum liability limits within Magnifi Financial policy.
• Must be bondable.

Work Requirements

• May work in multiple branches to accommodate member needs.

Salary Range

• Level I Commercial Banking Officer (2 years of related lending or credit experience): $71,404 - $107,107
• Level II Commercial Banking Officer (8 years of commercial lending experience): $89,248 - $133,873

Total compensation package

Varies based on position and may include bonuses, performance-based incentives, commission, and/or discretionary bonuses.

The Benefits We Offer

• Opportunities for Training and Development
• Leadership Development
• Job Level Advancement (ability to move up in your position through training and development)
• Tuition Reimbursement
• 32 Hours Volunteer Paid Time Off
• Medical/Dental/Vision
• Employer paid Life Insurance/AD&D
• Employer paid Disability Insurance
• Retail Plan - Employer match up to 4%, eligible for annual profit sharing
• Paid Parental Leave
• Bonus/Incentive Program
• Employee Engagement/Health and Wellness Programs

About Magnifi Financial

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):

*Leadership Development