SVP Commercial Lending

About the role

At Northeast Bank, we're more than just a bank – we're a family-owned community institution with a deep commitment to strengthening the neighborhoods we serve. Our mission is to make meaningful connections that positively impact the lives of our clients and the communities we call home. In this role, you'll solicit loans, deposits, cash management, and other financial products while originating, processing, and servicing commercial loans.

Responsibilities

• Contact prospects and customers for new business, including both loan and commercial deposits, to meet customer retention and prospecting objectives.
• Consistently achieve lending and/or deposit performance results exceeding established objectives.
• Build a loan portfolio via consistent annual new production to upper quartile levels compared to peers.
• Independently interview customers and new loan applicants, gathering information for thorough financial analysis and creditworthiness assessment.
• Structure loans within the framework of loan policy, extending commercial loans up to stated lending limits while managing credit quality and technical exceptions.
• Ensure proper loan documentation, including approval requirements, and work with the credit analyst team to prepare sufficient, accurate credit presentations.
• Present loan requests to lending authorities and monitor loans in repayment, including collections and work-out plans for loans in default.
• Evaluate larger and/or more complex loan requests for approval or denial as per bank policy.
• If applicable, oversee the performance and management of the location Lending Support Associate.

Requirements

• College degree or equivalent experience, with emphasis in Business Administration, Accounting, or Finance.
• Previous concentrated credit training.
• Advanced banking and/or leadership training experiences are desired.
• A minimum of 15 years of commercial lending experience.
• A minimum of 3 years of experience in Commercial Credit Administration, Credit Analysis, or Loan Review.

Skills

• Able to read and interpret loan documentation.
• Proficiency with Microsoft products.
• Team orientation and adaptability in a fast-paced environment.
• Self-motivation, strong organizational skills, and excellent communication and phone skills.
• Exceptional customer service.
• Required compliance with the SAFE Act, including successful registration in the Registry.

Performance Measures

• Consistently produce $5-7 million per year in new loan originations.
• Drive deposit sales generation to meet established objectives.
• Actively participate in the sales culture, using sales tracking systems.
• Maintain delinquencies and technical exceptions at or below established levels.
• Maintain classified asset volume and portfolio risk within parameters.
• Keep loan loss ratios at or below established levels.

Benefits

• Fun, supportive work environment with advancement opportunities.
• Competitive wages with an additional annual performance-based incentive.
• Medical, Dental, Life, and Disability Insurance.
• Generous paid time off, including 11 paid holidays.
• Paid volunteer time.
• Retirement Benefits – 401k and ESOP.
• Education reimbursement with one year of service.

Awarded Star Tribune Top Workplaces 8 years in a row.

Office Environment

• Office environment.
• Ability to work 1 day/week from home.

This position may be based out of either our Coon Rapids or Northeast Minneapolis office. The selected location will serve as the employee's designated home office.

Pay

$150,000.00 - $220,000.00