Commercial Banker III

Beacon Bank•Providence, RI

About The Position

The Commercial Banker III develops new business, manages an existing loan portfolio, and adheres to credit, compliance, and operational policies. The role independently generates business through client solicitation, participation in industry organizations, and expansion of the existing client base. It oversees loan underwriting, evaluates analyses and supporting financial information, and prepares and presents credit approval memorandums. Loan documentation responsibilities include ordering appraisals and environmental reports, issuing commitment letters, coordinating closings, and overseeing loan booking. The Banker also works to increase client deposits and generate non-interest fee income by recommending appropriate interest-risk hedging products, arranging loan participation sales, and making referrals to partner organizations. The position maintains and services its assigned and originated portfolio, monitors credit quality, oversees annual credit reviews and periodic renewals, and accurately enters information to track and monitor the portfolio. The position is based in Providence, Rhode Island, and reports to the Division Head – Franchise Lending.

Requirements

Bachelor’s degree or equivalent.
Minimum of 15 years of commercial lending and underwriting/portfolio management experience.
Understand the commercial marketplace within the Bank’s target area.
Be well-versed in the Bank’s credit policy and guidelines.
Have familiarity with other products and services offered by the Bank for cross-selling purposes.
Ability to communicate effectively orally and in writing.

Responsibilities

Independently develop new business through client solicitation, involvement in industry organizations, and expansion of the existing client base.
Oversee loan underwriting and ensure the appropriateness of analyses, supporting financial information, and related reports.
Prepare and present credit approval memorandums.
Document loans by ordering appraisals and environmental reports, issuing commitment letters, coordinating closings, and overseeing the loan booking process.
Increase client deposits and generate non-interest fee income through recommendations of interest-risk hedging products, loan participation sales, and referrals to partner organizations.
Maintain and provide customer service for the assigned and originated loan portfolio.
Monitor portfolio credit quality and assess each relationship in accordance with policy.
Oversee annual credit reviews and periodic renewals.
Accurately enter information to track and monitor portfolio status.
Adhere to credit, compliance, and operational policies.