Vice President of Commerical Lending, Champaign

in County, IL

Job Description

Job Title:                             Vice President of Commercial Lending

Work Location:                   Champaign

Department:                        Loans

Reports to:                           Community President, Bloomington

☒ Full-Time                          ☐  Hourly, Non-Exempt

☐ Part-Time                         ☒  Salaried, Exempt

                                              ☐  Salaried, Non-Exempt

Job Summary:

The Vice President of Commercial Lending will focus on achieving sustainable growth while maintaining sound credit quality.  The VP will be responsible for providing oversight of commercial and small business lending initiatives to optimize and enhance First State Bank’s competitive position.  This individual will sustain a close working relationship with the Community President of the Bloomington branch to develop and increase commercial and retail deposit accounts in the Champaign market.

This position is not a remote position, nor does it have the option of being a hybrid position.

Work schedule is Monday through Friday.

Essential Duties and Responsibilities include, but not limited to:

• Passionate about serving clients and improving the efficiency and success of their operations.
• Foster new business, prospects and generate commercial loans through referrals, business calls, and community involvement.
• Develop and execute commercial lending strategies to increase lending volume and market share while maintaining strong portfolio performance.
• Analyze market trends, customer needs, and competitive landscape to identify opportunities for product development and business expansion.
• Develop strong relationships with key shareholders, including business owners, industry associations, and government entities.
• Ensure the asset quality of the loan portfolio. Review delinquency reports with direct supervisor to ensure proper collection efforts are being utilized to manage the credit risk of the portfolio. Maintain low loan delinquency and ensure that there are no administrative past due loans. Communicate timely and in a comprehensive manner with your supervisor concerning any credit that is experiencing stress.
• Work with a predetermined lending limit, analyze customer credit applications; balance sheets and profit and loss statement; and cash flow projections in order to make sound loan decisions and predict future repayment capacity. Coordinate these efforts with personnel in the Loan Department.
• Maintain deep awareness of the economic and regulatory environment, assessing risks and opportunities to guide strategic decision-making.
• Interview loan applicants and collect and analyze financial and related data to determine the general creditworthiness of the prospect and the merits of the specific loan request.  
• Will have extensive contact with customers and the public. Conduct relationships in a manner that will enhance the overall marketing effort of the bank. 
• Will be called upon to participate with community organizations relations and community projects. 
• Other duties or special projects as assigned by management.

Qualifications:

• Ardent desire to excel in a competitive environment.
• Proven ability to underwrite and approve commercial loans, including handling all facets of business credit administration and interpreting complex financial and legal documents.
• Self-starter with the ability to make sound decisions based upon bank policies, procedures, knowledge, and experience.
• Familiarity with banking loan service applications/software.
• Solid knowledge of lending concepts, practices, and procedures is essential.
• Strong leadership skills and the ability to evaluate and implement technological solutions.
• Exceptional communication, interpersonal, and organizational skills, with the ability to work effectively across all levels and departments of the organization.
• Computer proficiency, including a working knowledge of Microsoft Office products.
• Detail orientated with excellent organizational, analytical, and problem-solving skills.
• Proven ability to work both independently and as a team member.
• Proven insight into business segments, with the ability to market and build strategic relationships with target industries and member groups.
• Represent and promote the bank and its various banking products.

Experience and Education:

• Bachelor’s degree of science in fields such as Business, Finance, Accounting, or Economics.
• Minimum seven years of Commercial/Business lending experience with at least 5 years of experience developing and managing business assets.
• Management experience is required.

Physical Requirements:

• Ability to perform the essential job functions consistently safely and successfully with the ADA, FMLA and other Federal, State, and local standards, including meeting qualitative and/or quantitative productivity standards.
• Ability to maintain regular, punctual attendance consistent with the ADA, FMLA and other Federal, State and Local standards.
• Prolonged periods of sitting at a desk and working on a computer.
• Must be able to lift and carry up to 25 pounds.
• While performing the duties of this job the employee is often required to sit, stand, walk, talk, hear, use computers, read, write, type, use office equipment, file paperwork, use telephones, and utilize written and oral communication to interact with customers and co-workers. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions of this job.

Pay:       $75,000 – $145,000/Annual

Benefits:

• Medical , Dental, Vision, Life Insurance/Accidental Death & Dismemberment, Personal Accident Insurance, Salary Continuance (Long Term Disability), Vacation Days, Sick Days, Paid Leave Days (in compliance with the Illinois Paid Leave for All Workers Act), Paid Holidays, 401(k) Plan with Employer Match, and discretionary Profit-Sharing Plan, Wellness/Fitness Program, Bereavement Leave, Tuition Reimbursement in accordance with the terms and conditions of the Education Reimbursement Agreement, discretionary Stock Option Program.

Equal Opportunity Employer/Veterans/Disabled