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Commercial Loan Officer Trainee

Company: Bank of Ann Arbor
Location: Ann Arbor
Posted on: January 15, 2022

Job Description:

Bank of Ann Arbor is one of the nation's best financial institutions, serving the Southeast Michigan area for over 25 years! At Bank of Ann Arbor, we help our clients succeed financially. We serve our clients with a purpose and a passion, and our talented team delivers uncompromised value with every interaction. It is the mission of Bank of Ann Arbor to be a dynamic, growing and sustainable community bank that is the premier financial institution within the markets it operates; it will be owned by individuals in its markets, managed locally, and responsive to the needs of its communities. The Bank will serve and partner with its customers and communities to achieve their financial goals through high quality products delivered by energized employees and through community service comprised of donations, time, and leadership. Our employees are valued and will work in a culture that invests in their development and rewards their positive contributions. Who You Are A people person! We are looking for someone that enjoys building relationships with clients, you will work through a training rotational program that will prepare you to be a Commercial Loan Officer once completed. Successfully complete training rotation over a 2-3 year period in functional areas noted below leading to placement in a commercial loan officer position. Rotations:

  • Documentation group for six weeks.
  • Credit Department for twelve to twenty-four months.
  • Loan Group Rotation for three-nine months. Credit Department Rotation:
    • Use analytical skills to independently and objectively evaluate the creditworthiness of current and prospective commercial borrowers.
    • Prepare timely and insightful credit analysis applications for a diverse, medium to high complexity and sophisticated portfolio of commercial & industrial, commercial real estate and private banking /? professional services commercial loan customers.? Loan size may range from $100,000 for more straight forward lines of credit to $20 million for more complex credits.? Create thorough and concise analyses of the risks and mitigants of pending commercial loan requests by reviewing and analyzing the borrowers? financial statements, including but not limited to income statements, cash flow statements, balance sheets, tax returns, personal financial statements, real estate and C&I collateral appraisal reports, industry analysis, and environmental assessment reports.
    • Prepare advanced sensitivity analyses, pro forma cash flows, and assessments of collateral and guarantor financial condition.? Conduct analysis of the market (customers) and industry (competition, suppliers, substitutes, and potential new entrants) and management teams and/?or deal sponsors.? Provide independent recommendations to credit and lending management on whether to approve or renew loans, modify terms of existing loans, maintain or change risk ratings of existing loans, and otherwise suggesting the appropriate credit action.?
    • Conduct independent and objective annual reviews of existing loans as well as scheduled and unscheduled loan reviews of the existing portfolio.?
    • Review approval conditions vis-a-vis the loan documentation for existing loans to ensure integrity of the credit process.?
    • Evaluate and opine on loan covenants, appraisals, and environmental reports as part of the underwriting analysis.
    • Attend joint calls on clients and prospects with commercial loan officers, commercial real estate loan officers, and cash management officers.
    • Exposure to Trust and Investment Management Group officers to learn product set.
    • Exposure to Cash Management Department officers and staff to learn product set. Documentation, Cash Management and Trust & Investment Rotations:
      • Acquire overview of workflow in each area. Loan Group Rotations: Shadow group manager and one designated high performing lender. Participate in customer, prospect and COI meetings. Attend networking events. Must be included in numerous discussions where negotiations occur. Group rotations to include one or more lending departments such as Commercial Real Estate, Ann Arbor, Birmingham, and/or Plymouth.

Keywords: Bank of Ann Arbor, Ann Arbor , Commercial Loan Officer Trainee, Other , Ann Arbor, Michigan

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