Come Grow with Us and Join an Award-Winning Organization! Stearns Bank is looking for an SBA Lender. This is a remote-eligible position headquartered out of St. Cloud, Minnesota.
JOB SUMMARY
Source, originate and close SBA loans that meet established lending requirements. Develop loan relationships and referral sources to generate the pipeline needed for loan production targets set forth annually resulting in maximum profitability to the bank while mitigating and managing risk.
Starting annual salary of $125,000.00. Employment offers will be dependent upon the selected candidate’s relevant qualifications and experience.
RESPONSIBILITIES
- Development of SBA referral partners through business development efforts, industry & trade associations, while maintaining awareness of SBA program changes.
- 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.
- Monitor loan repayment activities and take necessary action to collect past due accounts.
- Maintain an extensive degree of knowledge of SBA Lending and the SBA SOP guidelines to guide customers through the loan and deposit products available and benefits to their business.
- Build and maintain a quality SBA pipeline and portfolio within guidelines by adhering to the SBA and bank credit process and exercising sound judgement when booking new business.
- Responsible for the flow of SBA loan throughout application and approval phase of credit, this includes all processing channels. Directs the closing of loan and oversees the servicing of the loan to ensure the bank aligns with all legal, regulatory, and SBA requirements.
- Establishes and maintains relationships with commercial bankers throughout Stearns Bank to assist them in the identification and initiation of sales opportunities to customers by providing access to the full range of SBA loan products and services.
- Effectively use bank systems and other technology to the fullest extent of their capabilities to include lead tracking, opportunities, file notes, underwriting, processing, closings, and servicing workflows. Documentation of information and process.
- Loss prevention and security as applicable for this position.
- Maintain a solid understanding of all legal and regulatory compliance issues as they pertain to this position.
- Perform other duties as necessary for the efficient operations of the department and organization.
- Complete required training.
REQUIREMENTS
- Occasionally lift and/or move up to 10 lbs.
- Literacy in English
- Ability to travel 3-4 times a year as requested.
- Ability to sit for extended periods of time, twist, bend, sit, walk use hands to twist, handle or feel objects, tools, or controls, such as computer mouse, computer keyboard, calculator, stapler, telephone, staple puller, etc., reach with hands and arms, balance, stoop, kneel, talk, or hear.
- Specific vision abilities required by the job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.
QUALIFICATIONS
- Bachelor’s degree from a four-year college or university preferred but will consider commensurate experience.
- Minimum of 5 years commercial lending experience. SBA experience preferred.
- Outstanding business development, relationship building, and negotiation skills.
- Excellent oral and written communication skills.
- Flexible and able to multi-task. Confirmed ability to work in a fast-paced environment.
- Excellent organizational, time-management and problem-solving skills.
- Strong digital literacy.
- Must have proficient computer skills.
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.
