Credit analysts to branch managers are all available positions in commercial banks. Commercial bank jobs and careers deal directly with loans, credit, customer service, and investments. In a commercial banking career, there are numerous opportunities to apply business, marketing, critical thinking, and communication skills.
One of the types of commercial bank careers is that of a branch manager. One of the bank’s branches or locations is managed by a manager. They usually begin their careers as a teller or in a lower-level position. Branch managers are in charge of overseeing operations, which includes supervising employees, acquiring new accounts, building customer relationships, and originating loans and deposits. Some branch managers go on to become district managers who oversee multiple locations or market areas, allowing them to advance beyond a single branch location.
At branch locations, personal bankers, financial consultants, customer service representatives, and teller positions are commonly available. These are lower-level or entry-level jobs that involve direct contact with the public and require customer service and listening skills. Because these positions deal with daily bank transactions, such as deposits and withdrawals, a basic understanding of numbers and accounting is required. Cross-selling and additional product recommendations may be part of the job description.
A career as a credit analyst in a commercial bank is another option. These jobs are mostly entry-level and entail processing credit applications. Analysts also assist in determining the creditworthiness of businesses and individuals seeking financial assistance. In order to push potential transactions through the bank’s pipeline, they may interact with a variety of internal and external bank personnel.
Loan officers are a third option in commercial bank careers. Individuals in these positions assist businesses and consumers in obtaining loans. This is primarily a sales position, but it does have management potential in the future.
Another type of commercial banker is a mortgage banker. These jobs are very similar to loan officer jobs. Instead of selling the loan, mortgage bankers take care of a lot of the follow-up work by interacting directly with lenders, consumers, and businesses seeking financing. Mortgage bankers may collect and verify additional application information, order real estate appraisals, and collaborate closely with underwriters to approve loan applications.
The majority of what trust officers do is deal with investments. Individual retirement plans, certificates of deposit, estates, and wills are examples of these securities. When dealing with pension funds or 401(k) plans, large corporations may work with trust officers. Officers may be involved in advising current and potential investors on bank products.