About Working at Commerce
Building a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn’t stop there. Our culture is about our people, the ones in our communities and the ones that work with us.
Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you.
Creating an award-winning culture doesn't come easy. And after more than 155 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk.
Compensation Range
Annual Salary: $176,500.00 - $210,500.00 (Amount based on relevant experience, skills, and competencies.)About This Job
The main purpose of this job is to lead a team of Relationship Manager(s), Portfolio Manager(s), and Commercial Loan Specialist(s) who are responsible for both the comprehensive management of existing commercial relationships as well as soliciting new business opportunities with assigned customers and targeted prospects. Although it can vary by market, targeted companies generally include those with annual revenues in excess of $50MM.
Essential Functions
Manage a team of Relationship Managers that serves the banking needs for a particular territory and/or industry, to ensure a high level of customer satisfaction and retention
Develop departmental goals for new incremental income in conjunction with corporate goals, plans and policies, and coach direct reports on targeted sales activities to maximize new business opportunities, including generally targeting 200 calls per year
Ensure that the department is adequately staffed and trained to meet current and future needs. Provide career counseling and ensure that succession planning is addressed for critical roles.
Lead all necessary management functions including; hiring, evaluations, annual merit increase allocations and disciplinary actions as necessary
Review and analyze portfolio to manage risk, enhance profitability, and inform management/credit of potential challenges
Review credit requests, analyzing industry/credit risk including; loan structuring, collateral, ensuring adequate loan documentation, and appropriate pricing
Participate in community/industry functions/groups to ensure a positive image for the bank and to establish referral contacts within the marketplace
Ensure compliance with all bank policies, procedures, regulations, and laws
Oversee department workflow and effectively communicate decisions, priorities and relevant information to team members
Lead, mentor and motivate team members to implement the department strategy, manage workflow with guidance on departmental projects/issues, and provide coaching and development opportunities appropriate to each direct report’s individual needs
Manage a team of RMs with a combined portfolio of commercial relationships with some or all of the following characteristics:
Avg loan portfolio O/S of $300150MM to $500200MM
Avg deposit portfolio of $5075MM to $100MM
Annual contribution of $53MM to $105MM
Perform other duties as assigned
Knowledge, Skills & Abilities Required
Strong knowledge of commercial products, credit policies, procedures and terminology; including knowledge of best practices
Goal oriented with well-developed sales skills.
Strong strategic, analytical, and problem-solving skills.
Strong credit analysis, persuasion, and negotiation skills.
Ability to develop and coach team members with demonstrated success achieveing results through collaboration and teamwork.
Self-starter with strong decision-making skills and the ability to effectively communicate and interact with all levels of the company, clearly expressing ideas and concepts, both verbally and in writing
Ability to remain adaptable and resilient in all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values
Ability to maintain a valid driver’s license, and meet Commerce Bank’s driving record criteria; ongoing employment may be contingent upon meeting all driving requirements.
Intermediate level proficiency with Microsoft Word, Excel and Outlook
Education & Experience
Bachelor’s degree or equivalent combination of education and experience required
Master’s degree in Business preferred
6+ years of commercial banking experience required
2+ years leadership experience required
5+ years of agri-business banking experience preferred
Experience with structuring complex credit requests preferred
***For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles. This compensation range is for the Division Manager I, Commercial Banking job and contemplates a wide range of factors that are considered in making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $176,500 to $210,500 annually. This position will be eligible for additional compensation through performance-based incentive plan(s) that will correspond to meeting performance goals.
The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits. Click here to learn more.
Location: 1000 Walnut, Kansas City, Missouri 64106Time Type:
Full time