Senior CRE Credit Officer

Come Grow with Us and Join an Award-Winning Organization! Stearns Bank is looking for a Senior CRE Credit Officer. This is a remote-eligible position headquartered out of St. Cloud, Minnesota. 

This position ensures that the bank’s national Commercial Real Estate (“CRE”) and Acquisition, Construction & Development (collectively “CRE/Construction”) loan underwriting and loan-level monitoring and management activities are strong and efficient and compliant with loan policy and regulatory requirements.  This position works directly with lenders and credit analysts on new CRE/Construction loan opportunities and with lenders, portfolio managers, and credit analysts on ongoing monitoring, credit review, and management of credit risks for booked CRE/Construction loans to ensure continual identification and mitigation of credit risks, ongoing compliance with loan policy, credit underwriting guidelines, credit approval authorities, and credit approval internal controls, assuring credit-strong asset quality and safe and sound practices and are maintained in compliance with regulatory requirements and best-practices guidance.  This position will work with and support our Chief Credit Officer, OLC, CR LPM and ERM to ensure high-quality, ongoing credit and loan staff training to maintain thorough and effective, efficient and continuous development of lenders, portfolio managers and credit analysts.  This position will serve on OLC and CR LPM and assist with Top 50 loan review, portfolio review, and asset quality audits and exams with a focus on our CRE/Construction loans with direct consultation and mentoring of lenders, portfolio managers, and credit analysts on more complex and/or sensitive CRE/Construction credits.

Starting annual salary of $170,000.00. Employment offers will be dependent upon the selected candidate’s relevant qualifications and experience.

RESPONSIBILITIES

• Serve on Officer Loan Committee (OLC) and the Credit Review & Loan Portfolio Management (CR LPM) Committee.
• Present to and consult with ERM, ALCO and Board on our CRE/Construction credit quality, loan approval process, and post-closing monitoring and ongoing credit reviews.
• Work directly with lenders and credit analysts on the front-end, vetting and structuring deals with borrower to ensure credit risks are identified and mitigated, to evaluate the CRE collateral and project risks, assess strength of primary and secondary repayment sources, including take-out financing and guarantor/sponsor strength, and assist lenders and credit analysts to identify exceptions to loan policy and underwriting guidelines, collateral requirements and strengths, and applicable financial covenants and reporting and to  advise and assist management of asset quality and initial and ongoing assessment of accurate risk rating and accrual status.
• Work directly with the credit analysts …