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Asset Based Lender Jobs in Wisconsin (NOW HIRING)

WI ยท On-site

... Assets Control. Must complete the assigned online training courses and achieve a score of 85% or ... Participate in market analysis of competitors' rates and make recommendations based on findings.

WI ยท On-site

As we work hard to maintain our ranking as a top national commercial real estate lender, our ... We are seeking an Analyst, Consent Management to join the Fannie Mae/Freddie Mac Asset Management ...

WI ยท On-site

Office-Based or Remote (as applicable) Employment Type: Full-Time, Hourly Position What You'll Do ... Serve as a primary point of contact for external parties (asset management, foreclosure, legal ...

WI ยท On-site

$98K - $128K/yr

Support technical due diligence and lender advisory; act as escalation point for complex issues * 5 ... Breakfast and dinner allowance for office-based employees As we hire globally, benefits vary by ...

Mortgage Loan Processor

Union Grove, WI ยท On-site

$38K - $53K/yr

... partnerships based on respect and trust. Our goal is providing opportunity to our customers ... assets, liabilities, and length of employment. * Guarantee on time closing by completing all ...

New

Mortgage Loan Processor

Union Grove, WI ยท On-site

$38K - $53K/yr

... partnerships based on respect and trust. Our goal is providing opportunity to our customers ... assets, liabilities, and length of employment. * Guarantee on time closing by completing all ...

New

Special Loans Workout Manager

Brookfield, WI ยท On-site

$169K - $207K/yr

May serve as Agent for syndicated credit facilities and lead lender group negotiations. Evaluates ... The E-Verify program is an Internet-based employment eligibility verification system operated by ...

Asset Based Lender information

What is an asset based lender?

Asset based lenders are financial institutions or specialized lenders that provide loans or lines of credit to businesses secured by collateral, such as accounts receivable, inventory, equipment, or other tangible assets. These loans are commonly used by companies that need working capital but may not qualify for traditional loans due to limited credit history or cash flow. Asset based lending allows businesses to leverage their assets to access funding for growth, operations, or restructuring. The amount that can be borrowed is typically based on the value of the pledged assets, and lenders may regularly monitor the collateral to ensure ongoing eligibility.

What are the key skills and qualifications needed to thrive as an asset based lender, and why are they important?

To thrive as an Asset Based Lender, you need a solid understanding of financial analysis, credit risk assessment, and collateral valuation, typically supported by a degree in finance, accounting, or a related field. Familiarity with financial modeling software, loan origination systems, and industry regulations such as UCC filings is essential. Strong negotiation, relationship-building, and analytical thinking are key soft skills that set top performers apart in this field. These skills and qualities are crucial for structuring secure loans, mitigating risk, and building client trust in a competitive lending environment.

What are some common challenges faced by asset based lenders and how can they be addressed?

Asset Based Lenders often encounter challenges such as accurately valuing collateral, managing risk during economic downturns, and maintaining strong client relationships. It's important to stay up-to-date with market trends and regularly reassess collateral value to ensure adequate loan security. Collaborating closely with credit analysts, field examiners, and legal teams helps mitigate risks and streamline the lending process. Proactive communication with clients and adaptability to changing financial situations are key to long-term success in this role.

What is the difference between Asset Based Lender vs Commercial Loan Officer?

AspectAsset Based LenderCommercial Loan Officer
CredentialsTypically requires finance or banking experience, possibly certifications like CFA or CPARequires finance, banking, or business degrees; often licensed or certified depending on region
Work EnvironmentWorks in finance institutions, focusing on asset-backed financingWorks in banks or lending institutions, assessing business loan applications
Industry UsageCommonly used in asset-based lending, factoring, and specialized financeUsed broadly in commercial banking, small business lending, and corporate finance

The main difference is that Asset Based Lenders specialize in providing loans secured by assets like inventory or receivables, while Commercial Loan Officers handle a wider range of business loans, often based on creditworthiness rather than specific assets.

What cities in Wisconsin are hiring for Asset Based Lender jobs?

Cities in Wisconsin with the most Asset Based Lender job openings:

Commercial Lender

WI โ€ข On-site

Foothills Bank
11 - 50 employees

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago


Key responsibilities

  • Build and maintain a loan portfolio by originating and managing commercial and agricultural loans.

  • Analyze financial data, review documentation, and make loan decisions in accordance with bank policies and regulations.

  • Develop and maintain relationships with customers, vendors, and the community, and participate in community and bank-sponsored activities.


Job description

About The Role

First Bank of Montana is hiring an Ag/Commercial Lender to be an integral part of our team in our Chinook, Montana location. This role involves making commercial and agricultural loans and requires a positive attitude, great customer service skills, and the ability to work in a team atmosphere. Professionalism, confidentiality, good attendance, punctuality, flexibility and adaptability are a must.

Duties and Responsibilities

The successful candidate will have extensive contact with customers, vendors, the general public, and bank staff and will conduct themselves in a manner that enhances the overall efficiency and image of the bank. They must build and maintain a loan portfolio, act as a liaison between the bank and its customers, and participate in community and bank-sponsored activities. Familiarity with agricultural production is a must.

Must comply with applicable laws and regulations, including the Dodd-Frank Act, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control. Must complete the assigned online training courses and achieve a score of 85% or greater by the due date.

Responsible for maintaining loan quality in compliance with bank policy and procedures, underwriting standards, and documentation requirements.

Loan Officer Essential Functions
  • Maintain working knowledge of all bank products and services.
  • Grow in-house loan portfolio.
  • Identify and develop profitable relationships with potential new customers, maintaining an aggressive call schedule.
  • Cross-sell bank products and refer customers, when appropriate, to other departments or affiliate banks.
  • Assist in identifying and implementing new products and services.
  • Participate in market analysis of competitorsโ€™ rates and make recommendations based on findings.
  • Develop and maintain profitable relationships with new and existing customers.
  • Obtain loan applications, counsel applicants, analyze financial data, determine pricing and loan structure, and make appropriate loan decisions according to bank policies and procedures.
  • Maintain high service standards for all customers, working closely with First Bank of Montana managers and staff.
  • Review all credit reports, financial statements, tax returns, title insurance commitments, and appraisals to ensure documentation is complete and correct.
  • Monitor and act appropriately on past-due loans to ensure compliance with bank policies, procedures, and goals.
  • Maintain current awareness of legal and regulatory developments and guidelines, and knowledge of applicable laws and regulations related to compliance for the bank.
Other Job Functions
  • Perform job functions in compliance with all company policies, procedures, federal and state rules and regulations applicable to the position.
  • Keep management appropriately informed of area activities and significant problems.
  • Participate in community service and bank-sponsored activities that serve and support the mission and values of First Bank of Montana.
  • Provide superior internal and external customer service, demonstrating self-governance, courtesy, and respect toward all customers.
  • Represent First Bank of Montana professionally, with a positive โ€œcan-doโ€ attitude, punctuality, flexibility, and adaptability; keep work area tidy and maintain customer privacy.
  • Attend and participate in required meetings.
  • Maintain regular and predictable attendance for in-person contact with customers.
  • Additional duties as requested or assigned.
About You Qualifications
  • High School diploma or equivalent.
  • Bachelor's degree in business, finance or related field preferred.
  • One year lending experience and/or training.
  • One year sales and customer service experience preferred.
  • One year banking experience preferred.
Knowledge, Skill, Ability
  • Ability to work quickly and accurately.
  • Ability to understand and follow written and oral instructions.
  • General understanding of the field of agriculture.
  • Strong verbal and written communication skills.
  • Good working knowledge of Microsoft Office applications (Word, Excel, Outlook) and the ability to learn new systems.
  • Credit analysis ability.
Work Environment

Must be able to routinely perform work indoors in a climate-controlled shared work area with minimal noise.

Physical Demands

The physical demands described here are representative of those that must be met to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the job. Duties include sitting, using hands for repetitive motions, talking and hearing. Occasional standing, walking, and lifting or reaching may be required. Ability to operate routine office equipment, including computers, telephones, copiers, and calculators, is necessary. Must be able to work extended hours or travel off-site when required. Must have regular, reliable attendance and be able to climb or descend stairs in an emergency.

What We Offer Compensation & Benefits

Starting salary depends on experience and may vary by geographic location. We offer an extensive benefits package that includes medical, dental, vision, and life insurance, a health savings account, an Employee Assistance Program, a health rewards program, a retirement savings plan (401(k) and profit-sharing), short and long-term disability benefits, education and training benefits, and discounts on banking products. A generous Paid Time Off (PTO) plan and paid holidays are also provided. Please visit our website for more details.

We are an Equal Opportunity Employer. Qualified applicants or employees will receive consideration without regard to race, color, religion, national origin, sex (including pregnancy), sexual orientation, gender identity, mental or physical disability, genetic information, protected veteran status, or any other category protected by applicable federal, state, or local laws.

Glacier Bancorp, Inc. does not sponsor applicants for work visas. All applicants must be legally authorized to work in the U.S.

No recruiters or unsolicited agency referrals, please.

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