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Senior VP, Commercial/Ag Loan Officer

BankTalent HQ
Dependent on Experience
life insurance, paid time off, paid holidays, long term disability, 401(k)
United States, Iowa, Ottumwa
Jul 09, 2025

POSITION SUMMARY/PURPOSE:

The Senior Vice President-Commercial/Ag Loan Officer is responsible for generation of new commercial and ag loan business, development of new and existing client relationships thru business development activities, prospecting, and active outside sales calls. This position requires managing a portfolio of commercial and ag loans; actively promoting and cross selling all South Ottumwa Savings Bank products and services through outside sales calls and cross selling; taking an active role in community service and events, networking opportunities and professional organizations; providing leadership support; and ensuring compliance with regulations and Bank policies and procedures in the process of transacting business.

RESPONSIBILITIES AND DUTIES:



  1. The Senior Vice President - Commercial/Ag Loan Officer must be able to work in this full time, exempt from overtime position, based on a 40-hour work week, normally scheduled Monday through Friday, 8:00am to 5:00pm, with some regularly scheduled Saturday mornings; this position reports the Executive Senior VP/Senior Loan Officer.
  2. Develop and maintain a commercial and ag loan portfolio that actively promotes and maximizes the goals of the bank. Process applications, underwrite, prepare and present credit presentations to the Loan Committee.
  3. Maintain existing client relationships by providing a high level of customer service and making suggestions for improvements to current products and services.
  4. Assist in the design, implementation and oversite of a strong business development program to insure the profitable growth of the Bank. Actively call on prospective customers/businesses to develop new in-market commercial/ag loan relationships, striving to meet and exceed established goals.
  5. Monitors economic and competitive changes in the marketplace.
  6. Assist with the Current Expected Credit Losses (CECL) analysis at an appropriate level & make quarterly recommendations to Executive Committee & Board of Directors (BOD).
  7. Assist with the development and maintenance of an interest rate structure which is consistent with Bank management policy and is attuned to both the Bank's cost of funds and competitive forces.
  8. Assist in monitoring all loans and take appropriate action on delinquencies and past due accounts.
  9. Responsible for managing distressed loan/OREO portfolio and serve as the Bank's Special Asset Services to other loan officers such as assistance in negotiations, restructuring credit, writing demand/default letters, writing forbearance agreements, modification agreements, and note amendments.
  10. Research, develop and implement new operating strategies, programs, and systems to enhance customer service, profitability and operating efficiency.
  11. Assist with developing and monitoring budgetary requirements and all reporting requirements related to loans bank wide.
  12. As assigned, develop and prepare for approval, various policies and procedures. Keeps abreast of regulatory compliance and developments. Recommend procedural changes as needed.
  13. Assist with hiring, training, supervising and evaluating all lending personnel bank wide, following the guidelines set forth by the Bank. Suggestions and recommendations regarding employment decisions (e.g., hiring, promotions, disciplinary actions) will be afforded particular weight.
  14. Is familiar with all Bank products and services. Cross-sell and actively market all products and services. Personal use of Bank products is highly encouraged.
  15. Become an active member in the community by attending networking events and developing relationships with leaders in the community. Participate in community through volunteerism, leadership, and involvement with civic and non-profit organizations.
  16. Assist in budgeting process to include setting and achieving loan quality and loan volume gals.
  17. Serve as an active member of the Bank's Loan Committee.
  18. All other duties as assigned by management.


MINIMUM CREDENTIALS:



  • Four-year college degree in a business or finance related field.
  • Fifteen years' commercial and ag lending experience in banking.
  • Extensive knowledge of commercial banking, lending laws and regulations.
  • Advanced ability to analyze financial information and assess creditworthiness.
  • Computer aptitude and proficiency in Microsoft Office and use of loan management software.
  • Excellent communication, presentation and public relations/networking skills.
  • Commitment to ongoing professional development and knowledge of economic, accounting, and finance principles and practices, financial data analysis and reporting, financial markets, and banking industry regulations, practices and trends.
  • Driving ability with current driver's license and vehicle with appropriate insurance coverage.


DESIRED QUALIFICATIONS:



  • Previous supervisory experience in banking or financial services industry.
  • Previous banking experience in a senior management or senior lending role.
  • Personal drive with desire and potential to assume increasing role in the Loan Department and the Bank's operational and strategic management activities.


REQUIRED SKILLS REQUIRED TO PERFORM THE JOB:

Excellent oral and written communication, time management and organizational skills; advanced ability to analyze financial data; critical thinking and independent problem solving and decision making skills; dedicated customer service skills; proven business development, sales and negotiation skills; effective collaboration, management and leadership skills.

REASONING ABILITY:

Ability to collect facts, analyze data, determine needs, draw conclusions, define and solve practical problems, and deal with a variety of concrete variables in situations where only limited standardization may exist. Ability to interpret a variety of instructions and data furnished in written, oral, diagram, digital or schedule form.

PHYSICAL DEMANDS:

While performing the duties the employee is regularly required to sit, talk and hear. The employee is periodically required to stand, walk, squat, reach and carry with hands and arms; frequently required to use hands and fingers to grasp, handle, feel or type; must communicate via telephone and utilizes standard office equipment including computer, monitor, and keyboard enter, process, access, and share information. Specific vision abilities required by this job include close vision and ability to adjust focus. Ability to occasionally lift up to 20 lbs. Ability to drive for travel to customer sites and other locations, as needed.

Salary:Dependent on experience.

South Ottumwa Savings Bank offers a competitive benefit package including health, dental, vision, life insurance, and short term and long term disability insurance options, as well as a generous 401K plan with employer match, paid holidays and paid time off.

An application for employment must be submitted to be considered for this position.Candidates may apply via Iowa Works or Indeed. Resumes and letters of interest may also be sent to hr@sosb-ia.com or sent to:

South Ottumwa Savings Bank

Attn: Human Resources Dept.

320 Church Street

Ottumwa, IA 52501

South Ottumwa Savings Bank is an Equal Opportunity Employer.

EOE/Veterans/Disabled

Requirements

MINIMUM CREDENTIALS:

Four-year college degree in a business or finance related field.

Fifteen years' commercial and ag lending experience in banking.

Extensive knowledge of commercial banking, lending laws and regulations.

Advanced ability to analyze financial information and assess creditworthiness.

Computer aptitude and proficiency in Microsoft Office and use of loan management software.

Excellent communication, presentation and public relations/networking skills.

Commitment to ongoing professional development and knowledge of economic, accounting, and finance principles and practices, financial data analysis and reporting, financial markets, and banking industry regulations, practices and trends.

Driving ability with current driver's license and vehicle with appropriate insurance coverage.

DESIRED QUALIFICATIONS:

Previous supervisory experience in banking or financial services industry.

Previous banking experience in a senior management or senior lending role.

Personal drive with desire and potential to assume increasing role in the Loan Department and the Bank's operational and strategic management activities.

REQUIRED SKILLS REQUIRED TO PERFORM THE JOB:

Excellent oral and written communication, time management and organizational skills; advanced ability to analyze financial data; critical thinking and independent problem solving and decision-making skills; dedicated customer service skills; proven business development, sales and negotiation skills; effective collaboration, management and leadership skills.

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