Business Banker

Frandsen Financial CorporationRosemount, Minnesota

$70,000 - $105,000 / year

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Overview

Schedule

Full-time

Education

Bachelor's/Undergraduate Degree

Career level

Senior-level

Compensation

$70,000-$105,000/year

Benefits

Retirement Savings

Dental Insurance

Health Insurance

Job Description

Frandsen Bank & Trust is seeking a Business Banker for our Apple Valley, MN location. This position is responsible for supporting a dynamic lending team for prospecting and developing new client relationships, managing existing client relationships, and use consultative interactions with clients and prospects to identify cross-selling opportunities with our wide range of financial services. The ideal candidate will also be willing to support community efforts.

Job Duties

Actively develops new and existing business relationships through key contacts within the local community to market the bank's services with emphasis on commercial lending and other areas as designated.
Analyzes individual loan and financial documents to determine customers' cash flow, ability to pay the loan, profit potential of the loan.
Meet and interview applicants to determine creditworthiness, deny or grant each loan, secure required signatures, explain procedures or reasons for denial and present possible alternatives to those denied to maintain a favorable bank image.
Monitor and collect past due loans in a manner which will minimize the bank's loan losses while providing flexibility to customers and documentation of exceptions.
Monitor the existing loan portfolio through annual credit reviews, financial statements, receivable agings and on-site visits in order to provide recommendations for granting or renegotiating loans in a manner that minimizes loan losses.
Helps ensure that all legal, compliance and CRA requirements are met by cooperating with Loan Review and compliance audits.

Education and Experience

Bachelor’s degree in business, finance or related field or equivalent years in banking industry experience.
4-10 years experience, preferably in a financial institution.

Required Skills

Ability to read, analyze and interpret general business periodicals, professional journals, technical procedures or governmental regulations.
Ability to write reports, business correspondence and procedure manuals.
Ability to effectively present information and respond to questions from groups of managers, clients, customers an the general public.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportion, percentages, area, circumference and volume.
Ability to apply concepts of basic algebra and geometry.
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
Ability to analyze financial statements and tax returns of businesses and individuals, and draw conclusions on the creditworthiness of the applicant.
Experience with Microsoft's Windows Office Suite.
Must have strong credit analysis and underwriting skills.

Preferred Skills

Familiarity with SBA and FSA programs.

Salary range for this role is $70,000 to $105,000 annually, depending on experience. In addition, position includes the opportunity to earn variable compensation.

We offer a competitive benefits package including health insurance, dental insurance, vision insurance, 401k, profit sharing, and ancillary benefits.

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FAQs About Business Banker Jobs at Frandsen Financial Corporation

What is the work location for this position at Frandsen Financial Corporation?

This job at Frandsen Financial Corporation is located in Rosemount, Minnesota, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.

What pay range can candidates expect for this role at Frandsen Financial Corporation?

Candidates can expect a pay range of $70,000 and $105,000 per year.

What employment applies to this position at Frandsen Financial Corporation?

Frandsen Financial Corporation lists this role as a Full-time position.

What experience level is required for this role at Frandsen Financial Corporation?

Frandsen Financial Corporation is looking for a candidate with "Senior-level" experience level.

What education level is required for this job?

The education requirement for this position is Bachelor's/Undergraduate Degree. Candidates with relevant qualifications or equivalent experience may also be considered.

What benefits are offered by Frandsen Financial Corporation for this role?

Frandsen Financial Corporation offers following benefits: Retirement Savings, Dental Insurance, Health Insurance, and Vision Insurance for this position. Actual benefits may vary depending on the employer's policies and employment terms.

What is the process to apply for this position at Frandsen Financial Corporation?

You can apply for this role at Frandsen Financial Corporation either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.