Commercial Loan Officer

North Brookfield Savings Bank•North Brookfield, MA

About The Position

The Commercial Loan Officer solicits and services a variety of commercial loans, interviews applicants, and obtains and reviews required financial information. The position builds a highly visible reputation as the Bank’s commercial loan expert to generate quality commercial loans that meet the Bank’s loan policies. The officer evaluates and structures loan requests, manages an assigned loan portfolio, supports business development, and maintains compliance knowledge. The role requires at least 75% daytime travel between offices, bank branches, and customers’ locations.

Requirements

Five or more years of experience in commercial lending.
Knowledge of loan products, lending compliance, and regulations.
Experience with commercial lending department functions and procedures.
Knowledge of commercial loan underwriting requirements.
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.

Nice To Haves

Bachelor’s degree in Business Administration with a concentration in Finance, Economics, or Accounting.

Responsibilities

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 the assigned loan portfolio.
Provide recommendations for portfolio management, loan structuring, and underwriting.
Review and assist in preparing Credit Proposals.
Prepare commercial loan documentation in conformity with loan approvals.
Develop business by calling on prospective and existing clients to nurture 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 to understand their businesses.
Evaluate prospective loan requests and review customers’ financial, credit, and collateral information to determine loan viability and appropriate structure.
Negotiate terms that reflect customer needs and the Bank’s asset quality standards.
Oversee and manage an assigned loan portfolio by reviewing customers’ financial status and ongoing operations.
Maintain a credit file for each customer, including financial data, correspondence, and other pertinent documents.
Develop workout programs when appropriate.
Work with outside legal counsel to ensure proper documentation for new and existing loans.
Represent the Bank in community and industry-related activities.
Maintain knowledge of regulatory compliance and developments for the assigned area.