AG/COMMERICAL LENDER - Canton, SD

Security Savings Bank - Canton, SD

Full-time - Mid Level

Canton, SD

Credit Intermediation and Related Activities

About the position

As an Ag/Commercial Lender at Security Savings Bank, you will evaluate and manage loan applications for agricultural and commercial purposes. This role involves assessing the creditworthiness of potential borrowers, recommending loan approvals, and managing ongoing loan relationships while contributing to clients' financial success and upholding the bank's commitment to integrity and community support.

Responsibilities

• Meet with current and prospective agriculture, consumer and commercial clients to discuss loan products offered by the bank.
• Maintain current knowledge of the bank's lending policies, regulatory requirements, economic conditions, market rates, vendors, and competitors.
• Obtain financial statements, tax returns, and other financial information from customers, and underwrite their current credit situation.
• Effectively execute new loans and serve existing loans in a timely manner.
• Analyze current loans and identify weaknesses that can be mitigated by restructuring.
• Negotiate loan rates and terms with customers within set guidelines, maximizing profitability for the bank.
• Approve or reject loans and terms within officers' limits and established bank policies.
• Refer loans outside the loan officer lending authority to the Market President or Executive Loan Committee (ELC) as defined in the Lending Policy.
• Actively seek and engage with new potential clients to build and expand the customer base.
• Prepare financial information of current and prospective clients for ELC, as stipulated in the Lending Policy.
• Obtain necessary documentation to perfect a lien, clear real estate title, or complete any other requirements to facilitate a loan closing.
• Monitor loan repayment activities and take necessary actions to collect from past due accounts.
• Review and make decisions on all branch deposit account overdrafts.
• Oversee the Loan Administrator to ensure all proper documentation is in the loan files and assist in obtaining any additional necessary documentation.
• Participate in relevant committees as required by the bank.
• Assist with the collection of defaulted loans.
• Perform collateral inspections.

Requirements

• High school diploma or equivalent; an associate's or bachelor's degree in finance, economics, or a related field is preferred.
• 2+ years' experience in the banking, lending, or real estate industry.
• Strong analytical skills and perception to accurately assess clients' financial statements for creditworthiness.
• Excellent customer service, interpersonal, and communication skills.
• Strong attention to detail and comfort working with minuscule details.
• Familiarity with mortgage processes, procedures, rules, regulations, and compliance; knowledge of federal, state, and local levels of loan processing laws and regulations.

Nice-to-haves

• Experience with banking software applications related to lending and customer management.