AVP COMMERICAL LOAN OFFICER

Freedom Credit Union•Springfield, MA

9d•$100,000 - $124,000•Onsite

About The Position

This is an in-person role in Springfield, Massachusetts. The AVP Commercial Loan Officer maintains and develops a commercial member business lending (MBL) portfolio and builds new business relationships with local businesses, professional groups, community contacts, and existing members. The role solicits commercial loans, deposits, cash management business, and referrals while working toward defined production goals. The officer analyzes applicant financial information, assesses credit risk, and makes or recommends commercial lending decisions following due diligence and applicable approval authority. Responsibilities span the lending process from application, underwriting, and loan structuring through documentation and closing. The officer also monitors portfolio quality, manages member relationships, follows up on renewals and delinquencies, supports collections, and maintains confidential member information. The role works with the Credit Department and reports production and pipeline information to the Vice President of MBL.

Requirements

At least 5 years of experience in commercial lending; experience in the service area is preferred.
Experience analyzing and underwriting loans, preparing loan proposals, and managing commercial loan portfolios.
Knowledge of banking legislation and regulations, including Regulation B and NCUA regulations.
Ability to independently analyze financial information, assess risk, and recommend commercial loan approvals after thorough due diligence.
Ability to review financial statements, corporate and personal tax returns, rent rolls, accounts receivable aging reports, and other relevant information; prepare written financial analyses, spreadsheets, reports, summaries, and opinions.
Familiarity with analyzing and underwriting C&I and CRE transactions.
Knowledge of credit unions and internal MBL policies and procedures.
Proficiency with Microsoft Excel and Word.
Valid driver’s license.
Excellent communication, negotiation, interpersonal, analytical, problem-solving, and writing skills.
Strong organizational and time-management skills, attention to detail, and ability to prioritize multiple time-sensitive assignments and meet deadlines.
Ability to research clients, industries, and collateral; solve problems; and work independently with limited supervision.
Good judgment in establishing and maintaining working relationships, with a high level of accuracy, focus, and timeliness.
Comfort presenting and communicating opinions to all levels of management.
Ability to work outside scheduled hours to respond to position issues.

Nice To Haves

Bachelor’s degree in accounting, finance, or a related field, or direct experience in commercial credit or lending.
Existing experience within the service area.

Responsibilities

Develop commercial lending and deposit business by calling on clients, prospects, members, professional groups, and community contacts.
Participate in business development and civic initiatives to meet defined goals and expand the company’s client base.
Take commercial loan applications and obtain the documents needed to underwrite and document credit requests.
Review financial condition, assess repayment ability and risk, and make underwriting decisions within approval authority or refer loans for committee approval.
Prepare loan memorandums for the CLO, Vice President of MBL, and Credit Committee.
Structure loans, including pricing, terms, and duration, consistent with member relationships and company policies.
Complete or direct loan documentation and closing, perform due diligence, and verify loan agreements are complete and accurate.
Monitor and manage the existing loan portfolio to maintain asset quality, including client files, annual reviews, watchlist and special reviews, problem loans, policy exceptions, and grade changes.
Work with the Credit Department to update credit files and financial spreads on an ongoing basis.
Assist with collection of past-due loans and help minimize credit exceptions, past dues, and charge-offs.
Troubleshoot and resolve internal and external inquiries.
Submit individual and monthly production and pipeline reports to the Vice President of MBL.
Comply with applicable laws and regulations, including the Bank Secrecy Act, the Patriot Act, and Office of Foreign Assets Control requirements.
Participate in special projects and perform other duties as assigned.
Maintain effective working relationships with employees, contribute as a team player, and work independently as needed.