Commercial Loan Officer

Pentucket Bank • North Andover, MA

23h

About The Position

Pentucket Bank is a community bank supported by the strength of our shared services organization, River Run, and banking affiliates Newburyport Bank and Rollstone Bank and Trust. Together, we shape the evolution of community banking through innovation and strong partnerships, while preserving the heartfelt service our customers value. Here, you will discover opportunities for professional growth, make a meaningful impact in your local community, and join a team that champions integrity, respect, teamwork, and continuous progress. Start with heart. The Commercial Lender is responsible for attracting, developing and maintaining new commercial loans, commercial deposit, and commercial banking relationships with individuals, non-profits and businesses within the Bank’s footprint. This position also cross-sells other bank products and services to this targeted client group and represents the Bank within the community.

Requirements

• Minimum of 5 years of progressively responsible experience in commercial lending and commercial banking required
• Strong working knowledge of credit structure, Bank policy guidelines, and key factors used to assess credit quality; demonstrated ability to evaluate applicant risk profiles, structure credit appropriately, and actively manage lending risk.
• Strong working knowledge of commercial loan, deposit, and Treasury products
• Proficient in Microsoft Office applications, including Word, Excel, PowerPoint, and related software.
• Highly organized and proactive planner with strong time management, verbal, and written communication skills.

Nice To Haves

• bachelor’s degree with a business focus preferred
• formal sales and/or credit training preferred

Responsibilities

• Seeks out new business opportunities within the Bank’s defined market areas and participates in business development efforts to attract and retain quality clients; develops and maintains professional relationships with referral sources, including business brokers, accountants, attorneys, and other centers of influence.
• Screens and interviews new loan applicants, collects and analyzes financial and related data to establish creditworthiness, negotiates credit terms when necessary, and monitors loan repayment activities.
• Promotes and sells related Bank financial products and services while working with business partners to expand existing client relationships and acquire new business.
• Partners with the Portfolio Manager to manage all aspects of the loan relationship, including credit analysis and approvals, loan closing, timely completion of credit file commentary, collection of financial information, and proactive identification and mitigation of potential risks.
• Maintains current knowledge of Bank products, services, procedures, policies, and applicable regulatory and compliance requirements through team meetings and required training; ensures adherence to federal and state laws, Bank policies, and requirements including the Bank Secrecy Act (BSA), as applicable to the role.
• Verifies transactions and account balances to ensure accuracy and compliance with Bank policies and applicable regulations, while participating in civic, social, and community relations activities to promote and strengthen the Bank’s presence and reputation.

Benefits

• opportunities for professional growth
• make a meaningful impact in your local community
• join a team that champions integrity, respect, teamwork, and continuous progress

What This Job Offers

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