Commercial Loan Manager jobs in South Dakota
Commercial Loan Manager manages a team of commercial loan officers to build commercial loan business within a designated market. Provides operational guidance to loan officers and approves requests for loans beyond the officers' approval limits. Being a Commercial Loan Manager may personally handle the most complex loans and most difficult credit approvals. Adheres to all regulatory requirements and internal risk and operating policies and procedures. Additionally, Commercial Loan Manager builds a high-performance lending team with individual mentoring, coaching, and professional development opportunities. Typically requires a bachelor's degree. Typically reports to a director. The Commercial Loan Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Commercial Loan Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
Recently Added Commercial Loan Manager jobs
Commercial Loan Specialist I
- Central Bank
-
Brookings, SD
FULL_TIME
-
Description
POSITION SUMMARY
Commercial Loan Specialist works directly with Loan Officers to compile necessary information to underwrite, establish, and collateralize quality loans for Central Bank accurately and efficiently. Serves as a liaison between Central Bank Loan Officers, Loan Operations, and the customer regarding documentation, impending loans, loan advances, payments, and payoffs. This position also serves as a backup for the completion of accurate and organized loan committee meeting minutes. Works in conjunction with the Credit Department to ensure loan presentations are organized in preparation for the committee meetings.
Essential Duties And Responsibilities
The essential functions include, but are not limited to the following:
Loan Administration 45%- Initialize customer files and compile necessary documentation to complete loan underwriting and processing.
- Request loan documentation through software or third-party vendors including but not limited to ordering appraisals, title work, and releasing collateral, all of which may have required notifications and timeframes.
- Complete construction draws after collection of lien waivers, inspection and appropriate approval is documented.
- Review customer files to ensure proper documentation has been obtained, including but not limited to Customer Identification Program, OFAC, Entity documentation, Beneficial Ownership, Credit Bureau, Joint Intent, Disclosures, Flood Certifications, HMDA, Security Agreements, Real Estate Mortgages, Insurance, Real Estate Taxes, and UCC Filings.
- Present completed Commercial Loan Checklist to Gatekeeper for underwriting and Credit approval.
- Collaborate with loan officers on new loans, refinances, and modifications to determine best structure and how to collateralize properly and perfect our lien.
- Notify Loan Officer of any deficiencies.
- Manage closing calendar to schedule, coordinate, and complete loan closings efficiently.
- Assist with Loan Denials, Commercial Loan Checklists, and tickler account management.
- Compile data regarding upcoming maturities, past dues, and exceptions. Obtain necessary documentation and consult Commercial Loan Officer when needed.
- Verify all file documentation has been obtained, is in our computer system, and is properly signed with renewal information and expiration dates set appropriately.
- Request and communicate with customers, accountants, and attorneys regarding questions on financials, business structure and other essential documentation.
- Respond to customer with loan approvals and denials, as assigned.
- Respond sensitively to the needs and priorities of internal and external customers. Recognize and take appropriate action to meet their needs in a timely manner and establish an effective working relationship to gain their respect and loyalty.
- Consistently follow up and follow through for customers and teammates.
- Complete upfront quality control analysis using a checklist to verify all loan requirements have been met.
- Request Loan Closing Documents upon completion of pre-close process and appropriate approval.
- Calculate appropriate closing costs and fees.
- Perform all other duties as assigned.
EDUCATION & EXPERIENCE- Associates degree required or equivalent work experience
- Minimum of two (2) years of experience in similar job duties
- 3 Days Ago
Commercial Loan Officer
- Levo Federal Credit Union
-
Sioux Falls, SD
FULL_TIME
- DescriptionAs the Commercial Loan Officer, you'll proactively build, develop, and manage a commercial loan portfolio. You'll work to increase and maintain its asset quality by developing new and exist...
- 11 Days Ago
Agriculture / Commercial Loan Officer
- Dakota Legacy Advisors
-
Wallace, SD
FULL_TIME
- Our client is a local community bank looking to bring on an Agriculture / Commercial Loan Officer to inherit an Ag/Commercial loan portfolio due to an upcoming retirement. This position comes with exc...
- 23 Days Ago
Commercial Loan Operations Specialist
- Dacotah Bank
-
Aberdeen, SD
FULL_TIME
- Job Summary:The Commercial Loan Operations Specialist supports the commercial lending function by preparing documents, onboarding, and imaging commercial loan documents. They will perform tasks relate...
- 23 Days Ago
Agriculture / Commercial Loan Officer
- Dakota Legacy Advisors
-
Piedmont, SD
FULL_TIME
- Our client is a local community bank looking to bring on an Agriculture / Commercial Loan Officer to inherit an Ag/Commercial loan portfolio due to an upcoming retirement. This position comes with exc...
- 24 Days Ago
Commercial Loan Officer
- The Executive Group
-
Sioux Falls, SD
FULL_TIME
- Commercial Loan Officer, Sioux Falls, SD Successful and growing bank in South Dakota is in need of an additional Commercial Loan Officer to handle an increasing local demand in their Sioux Falls marke...
- 2 Months Ago
Commercial Loan Manager jobs at Popular Companies
Global Commercial Manager
- Orchid Orthopedic Solutions
-
Holt, MI
- SHIFT No Shift ($0) (United States of America) A BRIEF OVERVIEW The primary responsibility for the Global Commercial Man...
- 6/12/2024 12:00:00 AM
Commercial Manager
- Skanska USA
-
Bothell, WA
- Job Overview: Skanska is searching for a dynamic Commercial Manager. This is a great opportunity to start a career with ...
- 6/11/2024 12:00:00 AM
Commercial Manager
- Bayou Companies
-
New Iberia, LA
- Position Overview: The Bayou Companies seeks a dynamic and experienced Commercial Manager to join our team. As the Comme...
- 6/10/2024 12:00:00 AM
Commercialization Manager
- ForceBrands
-
Chicago, IL
- **This is NOT a job at Forcebrands** Responsibilities: Collaborate with manufacturers to ensure the efficient production...
- 6/10/2024 12:00:00 AM
Commercial Manager
- Clinton Electric Co.
-
- Full Job Description Clinton Electric Co. is a leading electrical company in the Greater Baltimore Area. For over 50 yea...
- 6/8/2024 12:00:00 AM
Commercialization Manager
- Tatum by Randstad
-
Harrisburg, PA
- Commercialization Manager - $90,000 to $120,000 Excellent Harrisburg-based client that we have worked with for a number ...
- 6/8/2024 12:00:00 AM
Commercial Manager
- LHH
-
- LHH is partnering with a construction company to find their next Commercial Manager. The Commercial Manager will oversee...
- 6/7/2024 12:00:00 AM
Commercialization Manager
- Key Corporate Services LLC
-
Carrollton, TX
- Join our team where we foster a collaborative and dynamic work environment dedicated to our mission of becoming the prem...
- 6/7/2024 12:00:00 AM
About South Dakota
South Dakota (/- dəˈkoʊtə/ (listen)) is a U.S. state in the Midwestern region of the United States. It is named after the Lakota and Dakota Sioux Native American tribes, who compose a large portion of the population and historically dominated the territory. South Dakota is the seventeenth largest by area, but the fifth smallest by population and the 5th least densely populated of the 50 United States. As the southern part of the former Dakota Territory, South Dakota became a state on November 2, 1889, simultaneously with North Dakota. Pierre is the state capital and Sioux Falls, with a populat...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Loan Manager jobs
$140,788 to $214,591
Most Popular Cities in South Dakota for Commercial Loan Manager Jobs
What does a Commercial Loan Manager do?
Commercial Loan Manager in Gulfport, MS
“Our experienced team of commercial lenders can custom tailor a flexible loan package to address the needs of your business, large or small.”.
December 10, 2019
Commercial Loan Manager in Alexandria, LA
This will also give you and your lender an opportunity to see which loan program would be most appropriate for your needs.
December 19, 2019
Once your application is received, a loan officer or processor will review your credit reports, the amount of available collateral, and your income.
February 11, 2020
Commercial Loan Manager in Fairbanks, AK
This means that, not unlike individual consumers, smaller businesses must rely on other lending products, such as lines of credit, unsecured loans or term loans.
December 26, 2019