SVP Commercial Banking

Bridgewater Bank - Bloomington, MN

Full-time - Senior

Hybrid - Bloomington, MN

Credit Intermediation and Related Activities

About the position

We are seeking an experienced Senior Vice President, Commercial Banking to join our lending team. Reporting to the Senior Vice President Team Lead, the SVP is responsible for developing new loan and deposit business, underwriting, structuring, and closing of commercial loans, as well as maintaining and servicing an existing portfolio. Represents the bank in local community through active participation in community affairs and participates in marketing all of the bank's products and services.

Responsibilities

• Manage a portfolio of existing credit relationships ensuring credit quality, soundness of risk ratings, condition of credit files, and adherence to the bank's policies
• Respond to clients' inquiries and credit requests and keep senior lenders apprised of client activity
• Underwrite, negotiate, and price new loans and renewals to maximize bank profitability
• Conduct periodic reviews of existing loan arrangements for compliance and exception monitoring
• Negotiate terms & structure loan financing based on risk considerations and present credits for approval to appropriate levels of authority within the bank as required
• Review and rectify issues as identified through various loan monitoring reports
• Establish and follow through on collection plans for problem loans
• Collect supporting documents to facilitate loan closings
• Review necessary loan documents for loan originations/extensions for accuracy and soundness
• Represent bank in loan closings and client meetings
• Actively engage in business development activities which promote the bank and generate new loan and deposit business
• Maintain knowledge of all bank supporting software, compliance, policies and procedures.
• When necessary, assist credit department with completing loan presentations and annual reviews
• Participate in weekly Loan Committee meetings
• Assist bank management with special projects related to monitoring and managing portfolio risk
• Adhere to the bank's policies, procedures, security requirements and government regulations including (but not limited to) BSA
• Identifies opportunities to grow BWB's deposit portfolio by working with Treasury Management & Deposit Services team members

Requirements

• Bachelor's degree in Finance, Economics or related field and/or equivalent combination of education and experience
• 10 -15+ years related banking experience
• Superior analytical/reasoning skills
• Proficiency in Microsoft Word, Excel, PowerPoint and Outlook
• Excellent written, verbal, and interpersonal communication skills
• Strong knowledge of lending techniques as well as lending policies and procedures

Benefits

• Competitive salaries
• Top-tier benefits
• Hybrid work model
• Transparency into the business