Commercial Loan Officer Job

Fargo, North Dakota
Job Type
US$ 80,000 - US$ 110,000 per year, $80k - 110k per year + none
Ref. Number
Kathleen Toft, Spherion
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Job Description

The Commercial Loan Officer is responsible for building, maintaining and growing commercial banking relationships by generating loans and cross selling other banking services. Additional duties include examining, evaluating, authorizing/recommending approval or denying applications for commercial loans.
- Identify prospective clients and generate new business/relationships with commercial clients
- Meet with applicants to discuss the loan request
- Request applicable financial information, business plan, reference checks, or other supporting information for the application
- Request credit reports and appraisals from Credit Department, if applicable.
- Analyze applicant financial status, credit, and property evaluation to determine feasibility of granting loan or submits application to Credit Department for formal presentation and financial analysis
- Work with client and Credit Department to process loan applications through guaranty, interest buy-down, or participation loan programs/relationships
- Correspond with applicants to resolve questions regarding application
- Compile loan package and facilitates negotiation of loan structure with applicant, including fees, loan repayment options, and other credit terms
- Approve loans within approved lending limits or presents loan at loan committee for approval
- Ensure loan agreements are complete and accurate according to policy
- Work with Operations/Loan Processors to prepare applicable loan documents
- Assure timely loan closing and funding activities
- Service existing loans by reviewing financials, fielding questions, monitor account activity, or conducting site visits or inventory inspections
- Promote and cross-sell other established products and services as appropriate

Working hours: To be determined

--High School diploma or GED
--Minimum of 3 years of professional experience in the banking industry
--Must possess strong analytical, problem solving, and communication skills
--Must also be detail oriented and flexible while being able to multi-task effectively
--Must maintain a high level of confidentiality

To be considered, please apply online at or email your resume to

Spherion has helped thousands of people just like you find work happiness! Our experienced staff will listen carefully to your employment needs and then work diligently to match your skills and qualifications to the right job and company. Whether you're looking for temporary, temp-to-perm or direct hire opportunities, no one works harder for you than Spherion. EEO Employer: Race, Religion, Color, National Origin, Citizenship, Sex, Age, Disability, Ancestry, Veteran Status, Genetic Information, Service in the Uniformed Services or any other classification protected by law.

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