Commercial Banking Officer II

Webster Five Cents Savi • Auburn, MA

12h • Hybrid

About The Position

Originates, underwrites, and manages Commercial loan relationships in accordance with the Bank’s policies and regulatory requirements. Ensures soundness of the loan portfolio through proactive monitoring and conducting annual reviews. Supports growth initiatives through active business development while protecting the Bank from credit risk, including management of problem loans and foreclosure processes when necessary. Maintains strong community involvement and upholds the Bank’s values with sound judgment and high ethical standards.

Requirements

• High ethical standards and personal integrity, building credibility and enhancing the Bank’s reputation in the lending community.
• Ability to identify business opportunities in a highly competitive environment.
• Excellent analytical, communication, negotiation, and presentation skills.
• Knowledge of loan documentation and credit enhancement programs.
• Knowledge of General Accepted Accounting Principles (GAAP).
• Knowledge of all State and Federal regulations governing Business loan products and transactions.
• Skilled in adopting and leveraging technologies to enhance efficiency, communication, and task management.

Responsibilities

• Actively builds relationships with new and existing customers, collaborates with internal partners to support customer needs, and promotes the Bank’s commitment to local economic growth.
• Overseas assigned loan portfolio, ensuring financial soundness through regular financial reviews, site visits, and risk assessments. Performs annual line of credit reviews and recommends renewals or modifications.
• Assigns and updates loan ratings, analyzes borrower financials for covenant compliance, and maintains complete credit files.
• Evaluates creditworthiness of potential borrowers through site visits, financial analysis, and risk assessments. Structures and negotiates business banking transactions according to Bank policies and strategic goals, and regulatory requirements.
• Prepares Loan Approval Memoranda, issues term sheets, attends closings, and promotes cross-selling of Bank services. Ensures proper loan documentation is prepared and recorded accurately and promptly. Collaborates with legal counsel and loan administrators.
• Develops and implements workout strategies for underperforming loans; documents action plans through formal Problem Loan Reports.
• Represents the Bank at community events and maintains active participation in local organizations to build relationships and promote the Bank’s visibility and commitment to the community.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level