Commercial Lender
First Financial Bank First Financial Bank El Dorado, AR El Dorado, AR Full-time Full-time $65,000 - $90,000 a year $65,000 - $90,000 a year 3 days ago 3 days ago 3 days ago First Financial Bank has an immediate opening for a Commercial Lender in El Dorado, Arkansas.
The primary responsibility of this position is to provide commercial loan origination through interaction with borrowers and other referral sources while ensuring loans are in compliance with financial institution policies and procedures.
This position will be key in developing new customer prospects and business relationships on both the loan and deposit side of the bank.
EDUCATION AND
Experience:
Bachelor's degree (B.
A.
) in Business, Finance, Marketing or other related field from four-year college or university preferred; a minimum of five years' experience in bank lending including a minimum of two years in commercial lending; or equivalent combination of education and experience.
COMPLEXITY:
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.
Ability to deal with problems involving several concrete variables in standardized situations.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages.
Ability to read, analyze, and interpret common technical journals, financial report, and legal documents.
Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community.
ESSENTIAL DUTIES AND
Responsibilities:
(not all inclusive) Responsible for developing new customer and business relationships as well as maintaining existing accounts.
Ensures compliance with new legislation and regulations as determined by the Compliance Officer and bank's lending policies.
Manages commercial loans and counsels loan customers on loan management and beneficial financial strategies.
Determine customer financing objectives and minimize the bank's lending risks.
Evaluates potential customer loan requests and makes loan recommendations to management.
Analyzes the credit history of applicants and determines loan repayment capabilities.
Negotiates credit terms, such as costs, loan repayment methods and collateral specifications.
Develops and maintains interest rate structure to be consistent with bank policies and procedures and to be competitive with current market rates.
Prepares loan packages in accordance with bank's standards.
Provides reports on the status of bank's loans and loan marketing strategies, based on current and past loan volume.
OTHER SKILLS AND ABILITIES:
Must have the ability to conduct business development calls, willingness to participate in community events and strong verbal and written communication skills.
Must be familiar with the bank's deposit product offerings and willing to obtain deposit relationships along with lending.
Extensive knowledge of bank's policies and procedures and bank's products and services.
First Financial Bank offers an excellent benefits package which includes:
Health/RX/Dental Plan Company paid Life Insurance Paid Vacation & Holidays 401(k), Profit Sharing and ESOP First Financial Bank is an Equal Opportunity Employer.
Job Type:
Full-time Pay:
$65,000.
00 - $90,000.
00 per year Physical setting:
Office Schedule:
Monday to Friday Work Location:
In person.
Estimated Salary: $20 to $28 per hour based on qualifications.
The primary responsibility of this position is to provide commercial loan origination through interaction with borrowers and other referral sources while ensuring loans are in compliance with financial institution policies and procedures.
This position will be key in developing new customer prospects and business relationships on both the loan and deposit side of the bank.
EDUCATION AND
Experience:
Bachelor's degree (B.
A.
) in Business, Finance, Marketing or other related field from four-year college or university preferred; a minimum of five years' experience in bank lending including a minimum of two years in commercial lending; or equivalent combination of education and experience.
COMPLEXITY:
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.
Ability to deal with problems involving several concrete variables in standardized situations.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages.
Ability to read, analyze, and interpret common technical journals, financial report, and legal documents.
Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community.
ESSENTIAL DUTIES AND
Responsibilities:
(not all inclusive) Responsible for developing new customer and business relationships as well as maintaining existing accounts.
Ensures compliance with new legislation and regulations as determined by the Compliance Officer and bank's lending policies.
Manages commercial loans and counsels loan customers on loan management and beneficial financial strategies.
Determine customer financing objectives and minimize the bank's lending risks.
Evaluates potential customer loan requests and makes loan recommendations to management.
Analyzes the credit history of applicants and determines loan repayment capabilities.
Negotiates credit terms, such as costs, loan repayment methods and collateral specifications.
Develops and maintains interest rate structure to be consistent with bank policies and procedures and to be competitive with current market rates.
Prepares loan packages in accordance with bank's standards.
Provides reports on the status of bank's loans and loan marketing strategies, based on current and past loan volume.
OTHER SKILLS AND ABILITIES:
Must have the ability to conduct business development calls, willingness to participate in community events and strong verbal and written communication skills.
Must be familiar with the bank's deposit product offerings and willing to obtain deposit relationships along with lending.
Extensive knowledge of bank's policies and procedures and bank's products and services.
First Financial Bank offers an excellent benefits package which includes:
Health/RX/Dental Plan Company paid Life Insurance Paid Vacation & Holidays 401(k), Profit Sharing and ESOP First Financial Bank is an Equal Opportunity Employer.
Job Type:
Full-time Pay:
$65,000.
00 - $90,000.
00 per year Physical setting:
Office Schedule:
Monday to Friday Work Location:
In person.
Estimated Salary: $20 to $28 per hour based on qualifications.
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