Commercial Lender

Job Description

Job Description

North Iowa Community Credit Union is seeking a motivated Commercial Loan Officer to help grow and strengthen our commercial lending program.

This is an excellent opportunity for an experienced commercial lender or for a developing lender, credit analyst, or banking professional who has strong commercial credit skills and is ready to take the next step in their career.

The right candidate will have the opportunity to work directly with local business owners, analyze and structure commercial credit, manage a growing loan portfolio, and play an important role in the continued development of NICCU’s commercial lending department.

We are looking for someone who understands that successful commercial lending is about more than making loans. It is about understanding the borrower’s business, building long-term relationships, managing risk, and helping local businesses succeed.

Key Responsibilities

• Develop and maintain relationships with existing and prospective business members.
• Interview commercial borrowers and identify financing needs.
• Analyze business and personal financial statements, tax returns, cash flow, debt service capacity, and guarantor strength.
• Evaluate collateral, loan-to-value, industry risk, repayment ability, and overall creditworthiness.
• Structure commercial loans and lines of credit consistent with the borrower’s needs and NICCU’s lending policies.
• Prepare clear and thorough commercial credit analyses and loan presentations.
• Present loan recommendations to management, loan committee, or the Board of Directors when applicable.
• Manage an assigned commercial loan portfolio and monitor credit quality.
• Obtain and review updated financial statements, tax returns, insurance, collateral information, and other required documentation.
• Identify developing credit concerns and work proactively with borrowers and management to address them.
• Assist with commercial loan closings and ensure required documentation and collateral perfection are completed.
• Identify opportunities to deepen business relationships through deposit accounts, cash management services, and other credit union products.
• Participate in community and business-development activities.
• Help improve and develop commercial lending procedures, underwriting practices, portfolio monitoring, and department processes as the program grows.
• Maintain knowledge of applicable regulations, credit union policies, and sound commercial lending practices.

Qualifications

We are open to candidates at different stages of their commercial lending careers.

Ideal candidates may include:

• An experienced commercial or business lender looking for an opportunity to take greater ownership of a commercial lending program.
• A credit analyst or junior commercial lender ready to move into a relationship-management and lending role.
• A consumer, agricultural, or other experienced lender with strong financial-analysis skills and an interest in developing commercial lending expertise.

Preferred qualifications include:

• Approximately 2 or more years of commercial lending, commercial credit analysis, underwriting, banking, or closely related lending experience .
• Bachelor’s degree in finance, accounting, business, economics, or a related field preferred; equivalent lending experience will also be considered.
• Ability to analyze business and personal tax returns, financial statements, balance sheets, income statements, and cash-flow information.
• Understanding of debt service coverage, collateral analysis, loan-to-value, guarantor analysis, and commercial loan structure.
• Strong judgment and problem-solving skills.
• Ability to communicate credit decisions and financial concepts clearly.
• Strong relationship-building and customer-service skills.
• Ability to work independently while collaborating with senior management and other lending staff.
• Good organizational and follow-up skills.
• Commitment to serving local businesses and the north Iowa community.

What Makes This Opportunity Different

This position offers the opportunity to do more than inherit an established book of business.

The successful candidate will have the ability to help shape the future of NICCU’s commercial lending program, develop relationships throughout north Iowa, and grow professionally as the department expands.

For a developing commercial lender or credit analyst, this can be an opportunity to move beyond primarily analyzing loans and begin developing and managing your own commercial relationships.

For an experienced lender, it offers the opportunity to have a meaningful voice in the direction and growth of the commercial lending function.

About NICCU

North Iowa Community Credit Union is a locally focused financial institution committed to providing exceptional service to our members and supporting the communities we serve.

We value sound lending decisions, strong member relationships, teamwork, integrity, and practical solutions that help our members succeed.

North Iowa Community Credit Union is an Equal Opportunity Employer.