LOAN OFFICER/ASSISTANT VICE PRESIDENT

Location: Ellsworth, MN           Type: Full-Time

Security Savings Bank is looking for a full-time Loan Officer/Assistant Vice President in our Ellsworth location. This Loan Officer/Assistant Vice President position has two separate job components: 80% Loan Officer/20% Assistant Vice President.  The loan officer component helps Security Saving’s Bank customers with their financing needs. It investigates the customers’ creditworthiness, then authorizes or recommends approval of loans. The loan officer might also deny a loan or advise against offering financing, and follows up on late payments on existing loans. 

The Assistant Vice President component is responsible for overseeing and coordinating all operations of a branch. Duties include assisting with hiring staff and heading the onboarding and staff training process, building rapport with customers and the community, creating and implementing strategies to improve productivity and sales performance in efforts to achieve the financial targets of the branch.

  • Meets with current and prospective agriculture, consumer and commercial clients about loan products that the bank offers
  • Maintains current knowledge and understanding of the bank’s lending policies, banking rules, regulations, economy, market rates, vendors and competitors
  • Obtains financial statements, tax returns and other financial information from customers as well as underwrite customer’s current credit situation
  • Effectively executes new loans and service existing loans in a timely manner
  • Analyzes current loans and look for weaknesses that can be mitigated by restructures
  • Negotiates rates and terms of loans with customers within set guidelines while maximizing profitability for the bank
  • Approves or rejects loans and terms within officers’ limits and established bank policies
  • Refers loans outside of loan officer lending authority to Market President or Executive Loan Committee (ELC) as defined in the Lending Policy
  • Prepares current and prospective client’s financial information for ELC as stipulated in the Lending Policy
  • Obtains documentation necessary to perfect a lien, clear real estate title, file a lien or any other documentation necessary to facilitate a loan closing
  • Monitors loan repayment activities and take necessary action to collect from past due accounts.
  • Reviews and decides on all branch deposit account overdrafts
  • Oversees the Loan Administrator to make sure all proper documentation is in the loan files; assists the Loan Administrator in obtaining all of the proper documentation when necessary
  • Participates in any relevant committees as required by the bank
  • Assists with the collection of loans in default
  • Performs collateral inspections
  • Provide active leadership for the bank’s branch and promote a positive team environment
  • Represent and promote the bank at different community events
  • Acting security officer for Branch
  • Coordinate and communicate with vendors as needed
  • Provide for or coordinate branch building maintenance
  • Authorize/oversee in-branch expenses and supplies
  • Oversee day to day operations and problems of the branch and resolve any issues that arise
  • Communicate and work with customers on any issues/complaints
  • Oversee staff and make sure branch is properly staffed; make adjustments as needed
  • Provide feedback/training/coaching as needed to all staff in the branch
  • Notarize documents as needed by customers
  • High school diploma or equivalent; an associate’s or bachelor’s degree in finance, economics, or a related field is preferred
  • 2+ years’ experience in the banking, lending, or real estate industry
  • Ability to maintain current and thorough knowledge of all lending programs policies, procedures and regulatory requirements
  • Strong familiarity of mortgage processes, procedures, rules, regulations, and compliance; knowledge of federal, state and local levels of loan processing laws and regulations with ability to communicate these laws in a non-technical and conversational manner to customers
  • Ability to develop and maintain respect with all employees and management; demonstrates a commitment to the company culture
  • Must have strong analytical skills and perception; will be required to accurately assess clients’ financial statements to ensure creditworthiness
  • Strong attention to detail; must be comfortable working with minuscule details
  • Must be familiar and/or comfortable with computers and software applications related to banking 
  • Excellent customer service, interpersonal and communication skills
  • Must be able to persuade customers to follow your recommendations   

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.

  • Sit or stand or walk for extended periods
  • See to read small print or complex reports
  • Effectively communicate orally
  • Manually operate keyboard, mouse and other personal computing devices
  • Occasionally lift up to 20 pounds

Security Savings Bank is a family-friendly organization.

If you are a qualified candidate for this open position, please click here for our employment application.

Submitting an employment application does not guarantee an interview. Applicants are evaluated based on work history, job skills, credit report, background check and other job-related factors. All compensation and benefit programs are administered in compliance with state and federal law.

Security Savings Bank is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, gender identity, sexual preference or orientation), national origin, age, disability, and marital or veteran status.