Come Grow with Us and Join an Award-Winning Organization! Stearns Bank is looking for an Affordable Housing Commercial Lender. This is a remote-eligible position headquartered out of St. Cloud, Minnesota.
JOB SUMMARY
Develop and manage a commercial loan portfolio for the bank while meeting established lending requirements and providing maximum profitability to the bank with a minimum of risk.
Starting annual salary of $150,000.00. Employment offers will be dependent upon the selected candidate’s relevant qualifications and experience.
RESPONSIBILITIES
- Interview loan applicants and collect and analyze financial data to determine the general creditworthiness of the prospect and the merits of the specific loan request. Make presentations to loan committee for further advice on approval.
- Establish and negotiate where necessary the terms under which credit will be extended, including the costs, repayment method, schedule, and collateral requirements.
- Promote and have knowledge of all Affordable Housing lending programs and other credit enhancement programs.
- Collect and analyze information that reflects the current creditworthiness of customers and the current merits of existing loans. Information may be obtained by direct inspection of the applicant's business and/or collateral, review of interim financial reports and personal interview.
- Monitor and review assigned commercial loans on a regular and continuing basis; identify problem or delinquent loan accounts or those having an adverse impact on Bank profitability; initiate appropriate corrective actions on delinquent accounts on a timely basis; refer problem accounts to manager as required or needed.
- Ensure adequate documentation, adherence to established bank policy, and compliance with banking laws and regulations exists on all bank assets assigned for supervision. Exercise sound credit decisions relating to the banks credit underwriting and management.
- Keep abreast of new developments and trends in the commercial loan market; identify potential lending opportunities and participate in the development and implementation of plans and programs to respond to these opportunities.
- Provide assistance to co-workers as needed. Ensure prompt and courteous response to customer inquiries.
- Maintain working knowledge of all legal and regulatory compliance issues as they pertain to Affordable Housing lending.
- Loss prevention and security as applicable for this position.
- Travel as needed.
- Assume additional responsibilities as required.
QUALIFICATIONS
- Bachelors degree or equivalent experience.
- 5+ year’s experience in commercial lending or credit (preferable in affordable housing) or in affordable housing development.
- Existing knowledge of the affordable lending programs available throughout the country
- Excellent written and oral communication skills.
- Excellent time management and organizational skills.
- Excellent sales and negotiation skills.
- Strong computer skills.
- Flexible.
THE COMPANY
Founded in 1912, Stearns Financial Services Inc. (SFSI) is a $2.4 billion well-capitalized, independent financial holding company based in St. Cloud, Minnesota. Specializing in nationwide small business lending and equipment financing, Stearns has maintained outstanding customer service, fast decisions, and customized finance solutions to their customers for decades.
Stearns Bank has earned itself a stellar reputation amongst customers and competitors alike. This reputation goes beyond just word-of-mouth, as Stearns has been recognized by the Independent Community Banker’s Association (ICBA) as a top-performing bank in the nation based on a 3-year average Return on Assets for banks $1 billion or more. Stearns has also been recognized by American Banker as a top-performing bank in the nation over a 3-year period for Return on Equity for banks from $2 billion to $10 billion.
As a Star Tribune Top Workplaces award recipient and an award recipient of the Minnesota Business Magazine 100 Best Places to Work in Minnesota, Stearns takes pride in their team and holds their employees in extremely high regard. We offer a competitive salary and benefit package including our Employee Stock Ownership Program-one of the best long-term incentive programs in the nation.
EQUAL OPPORTUNITY EMPLOYER /AFFIRMATIVE ACTION PLAN
We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, or creed, religion, sex, marital status, familial status, sexual orientation, national origin, age, disability, veteran’s status, status with regard to public assistance, or any other class protected by Federal, State, local laws governing nondiscrimination in employment.
