POSITION SUMMARY

Directs, oversees and contributes to the growth of commercial loans, deposits and other products and services within a defined market. Provides guidance in the development of policies, programs, systems and processes related to commercial banking. Develops, coaches, and supports staff in the successful performance of their roles. Oversees development of goals in conjunction with overall organizational objectives and goals. Directs and implements sales goals and measures performance through various sales tracking systems. Participates in departmental strategic planning.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Provides leadership, direction, and goals for commercial banking production and activities within a defined market. Strategizes and presents high level information of commercial deposit and loan results that are consistent with and directly contribute to overall strategic initiatives and financial performance results. Identifies growth opportunities and drives initiatives to expand market share.

Makes recommendations for efficient staffing structure and utilization.

Makes credit decisions that exceed staff authority, maintains, and manages overall member relationships. Works indirectly with large, complex and/or problem loans.

Supports the strategic planning process through departmental planning and participates as requested in organizational level strategic planning. Aligns initiatives with business direction. Directs commercial deposit and loan production and product and service utilization in an efficient manner and within a defined market to assure that Magnifi Financial meets its strategic goals and objectives while minimizing risk.

Formulates and recommends policy and procedure changes as it relates to commercial deposit and loan production. Works with executives to approve policies which may have an organization-wide effect.

Directs, oversees and contributes to efforts to grow commercial deposit and loan revenue by successfully directing and participating in prospecting for new business and retaining and expanding existing member relationships.

Ensures commercial loan and deposit growth goals are attained while minimizing risks, and ensures that policies, regulations, and procedures are followed, and commercial loan portfolio quality is maintained.

Directs commercial product and services sales and member experience in an efficient and profitable manner to assure that Magnifi Financial meets its strategic goals and maximizes member retention.

Recommends commercial banking strategy and road map, within a defined market. Analyzes economic, market and industry trends regarding commercial deposit and lending products and services, policies, and pricing, recommending appropriate responses to ALM.

Recommends changes to commercial deposit and loan products and services, systems and processes and oversees the implementation and training of new and existing commercial deposit and loan products.

Works with credit administration in risk rating analysis, risk rating measurements, and annual review process. Works with compliance and credit administration staff to ensure documentation, forms, and policies meet regulatory guidelines.

Ensures that team members maintain asset quality and monitors appropriate delinquency rate of team and individual loan portfolios.

Participates in audit and compliance assessments related to commercial deposit and loan production.

Directs and organizes security and disaster recovery activities in regards to lending, ensuring adequate fail-safe’s are in place to protect Magnifi Financial.

Oversees the conformance to commercial deposit and lending policies, regulatory compliance, underwriting standards, and internal controls throughout the organization, coordinating all support activities with cross-functional areas such as branch administration, commercial lending production and credit departments. Reviews reports for quality control to ensure operational procedures are being followed.

Oversees commercial deposit and lending software needs and changes to ensure compliance with applicable laws, regulations, and policy. Makes decisions regarding system releases and upgrades in conjunction with the System Analyst and Infrastructure team, ensuring no interruption in product and service delivery.

Contributes to the utilization of Digital Sales and Cash Management Services and collaborates with others to develop strategies to enhance our digital banking channels and increase sales volume.

Participates in vendor due diligence, management and oversight when appropriate.

Participates in work groups and/or committees. Works in collaboration with executives, vice presidents, management, and staff to meet the goals and objectives of Magnifi Financial.

Works in conjunction with the marketing team to develop and oversee the commercial deposit and loan marketing plan in defined market in support of departmental and organizational goals and strategies.

Oversees development, training and management of the performance and compensation of direct and indirect staff. Approves hiring decisions and delivers performance reviews and compensation for staff. Responsible for commercial deposit and loan production results that are achieved through the successful management of staff. Fosters a culture of collaboration, accountability, and continuous improvement.

Develops and manages a market budget and provides a monthly rolling forecast for ALM members and others within the organization. Participates in budgeting for commercial deposit, lending and other products.

Provides leadership to community relations efforts, serving as a key ambassador for Magnifi Financial, interacting with key members of the industry and communities served. Projects a positive image in the field of membership and with current and prospective members.

EDUCATION AND EXPERIENCE

Bachelor’s degree in a business or finance related field or equivalent experience.

Eight years progressively responsible management experience in a financial institution with eight years in business deposit or business lending operations, in a similar or greater size and complexity organization or equivalent knowledge and skills gained from related experience.

SBA lending experience preferred.

LICENSES AND CERTIFICATIONS REQUIRED

Must be bondable

Valid Driver’s license and auto insurance with minimum liability limits within Magnifi Financial policy

May work in multiple branches and member business sites to accommodate member needs

SUPERVISION/MANAGEMENT:

May directly or indirectly be responsible for the formal supervision/management or provide work direction to the following positions:

Commercial Banking Officers

Salary Range: $144,848 - $241,413

Salaries vary based on factors such as location, internal equity, skills, experience, education, and qualifications for the role.

Total compensation package varies based on position and may include bonuses, performance-based incentives, commission, and/or discretionary bonuses.

The Benefits

We are committed to investing in our team! Magnifi Financial offers benefits that help everyone achieve their full potential. Full-time employees are eligible for the following benefits (benefits with an asterisk are also available to eligible part-time positions):

Opportunities for Training and Development *
Leadership Development *
Job Level Advancement (ability to move up in your position through training and development) *
Tuition Reimbursement *
32 Hours Volunteer Paid Time Off *
Paid Time Off – Begins accruing upon date of hire for a total of 4 weeks per year for FT; prorated for PT *
Medical
Dental
Vision
Employer paid Life Insurance/AD&D
Employer paid Disability Insurance
Retirement Plan - Employer match up to 4%, eligible for annual profit sharing *
Paid Parental Leave
Bonus/Incentive Program
Employee Engagement/Health and Wellness Programs *

Who We Are:

At Magnifi Financial, we offer a collaborative, friendly environment where we support our employee's growth and development, and create a positive work atmosphere. As a member-owned organization, we are focused on making dreams come true for our members. Our vision is enhancing the lives of members and community through strength, service and growth. Magnifi Financial has grown to more than 85,000 members, $2.4 billion in assets, over 400 employees, and over 25 branch locations throughout Minnesota. But what hasn’t changed is our focus on the members and communities we serve.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

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