North Brookfield, Massachusetts, United States · On-site
$115k–$170k/yr
Senior
The Commercial Loan Officer solicits and services a variety of commercial loans. Interviews applicants, obtains and reviews required financial information. Builds a highly visible reputation as the commercial loan expert…
Skills: Commercial Lending, Loan Underwriting, Portfolio Management, Credit Analysis, Business Development
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$115k–$170k/yr
Full-time
bachelor degree
Posted 41d ago
~40 hrs/week
Responsibilities
The Commercial Loan Officer is responsible for soliciting, underwriting, and servicing a variety of commercial loans while maintaining a high-quality loan portfolio. This includes conducting business development to attract new clients and managing ongoing relationships with existing customers and centers of influence.
Requirements
Candidates must have at least 5 years of experience in commercial lending and a strong knowledge of loan products and regulatory compliance. A bachelor's degree in Business Administration with a focus on Finance, Economics, or Accounting is preferred.
Full job description
The Commercial Loan Officer solicits and services a variety of commercial loans. Interviews applicants, obtains and reviews required financial information. Builds a highly visible reputation as the commercial loan expert, resulting in the generation of quality commercial loans that meet the criteria of the Bank’s loan policies.
Essential Functions
Approve or deny loans within established limits, and present loans to the Loan Committee.
Originate a volume of commercial loans that meets the Bank’s goals and objectives.
Perform initial collection efforts on assigned portfolio of loans.
Provide recommendations for portfolio management, loan structuring, and underwriting.
Review and assist in the preparation of Credit Proposals.
Prepare commercial loan documentation in conformity with the loan approval.
Actively participate in ongoing business development by calling on prospective and existing clients to nurture ongoing relationships for lending and deposit services.
Foster relationships with centers of influence to create referral sources.
Meet with customers’ senior management and visit their facilities in order to understand their business.
Evaluate prospective loan requests; review customer’s financial, credit, and collateral information to determine viability of the loan request and the appropriate loan structure.
Negotiate terms with the customer that reflect the customer’s need and the Bank’s asset quality standards.
Oversee and manage an assigned loan portfolio by reviewing the customer’s financial status and ongoing operations.
Maintain a credit file on each customer including financial data, correspondence, and other pertinent documents.
Develop workout programs when appropriate.
Work with outside legal counsel to ensure that proper documentation is in place for new and existing loans.
Represent the Bank in various community and industry related activities.
Maintain knowledge of regulatory compliance and developments for assigned area.
Required Education and Experience
5 or more years of experience in commercial lending
Knowledge of loan products, and lending compliance and regulations
Experience in commercial lending department function and procedures
Knowledge of commercial loan underwriting requirements
Preferred Background and Experience
Bachelors in Business Administration with concentration in Finance, Economics or Accounting.
Required Competencies
Demonstration of the Bank's Core Values of Kindness, Integrity, Community, Teamwork, and Excellence
Excellent verbal and written communication skills
Strong business acumen, analytical skills, attention to detail, and sound decision making
Demonstration of ethical conduct and financial management
Travel At least 75% daytime travel between offices, bank branches, and customers’ locations.
We are always here to help, with banking that matters.
North Brookfield Savings Bank's NMLS# 641656.
Industry
Banking
Company size
51-200 employees
Founded
1854
Headquarters
North Brookfield, MA
LinkedIn followers
1,248
North Brookfield Savings Bank is a mutual savings bank with full-service branches in North Brookfield, East Brookfield, West Brookfield, Ware, Belchertown and Three Rivers Village of Palmer. NBSB offers a wide variety of deposit and loan products for individuals and businesses throughout Central and Western Massachusetts and has been a steadfast supporter of the communities in which it serves since 1854. All deposits are insured by the FDIC and the Depositors Insurance Fund. For additional information, please call 1-866-711-6272 or visit NorthBrookfieldSavingsBank.com. North Brookfield Savings Bank's NMLS# 2586954
Offices: 35 Summer Street, North Brookfield, MA 01535, US · 9 Gilbert Street, North Brookfield, MA 01535, US · 128 West Main Street, West Brookfield, MA 01585, US · 4 Daniel Shays Highway, Belchertown, MA 01007, US
We are always here to help, with banking that matters.
North Brookfield Savings Bank's NMLS# 641656.
Industry
Banking
Company size
51-200 employees
Founded
1854
Headquarters
North Brookfield, MA
LinkedIn followers
1,248
North Brookfield Savings Bank is a mutual savings bank with full-service branches in North Brookfield, East Brookfield, West Brookfield, Ware, Belchertown and Three Rivers Village of Palmer. NBSB offers a wide variety of deposit and loan products for individuals and businesses throughout Central and Western Massachusetts and has been a steadfast supporter of the communities in which it serves since 1854. All deposits are insured by the FDIC and the Depositors Insurance Fund. For additional information, please call 1-866-711-6272 or visit NorthBrookfieldSavingsBank.com. North Brookfield Savings Bank's NMLS# 2586954
Offices: 35 Summer Street, North Brookfield, MA 01535, US · 9 Gilbert Street, North Brookfield, MA 01535, US · 128 West Main Street, West Brookfield, MA 01585, US · 4 Daniel Shays Highway, Belchertown, MA 01007, US