Commercial Loan Officer (onsite)

Newtown Savings Bank • Newtown, CT

2d • Onsite

About The Position

Exciting opportunity to lead the growth of commercial lending for a local, community-focused bank! Newtown Savings Bank is seeking a seasoned Commercial Lender to join a high-performing, collaborative commercial lending team with local decision making at a 170 year-old mutually charted community bank with an excellent reputation in the communities we serve. Ideal candidates have a minimum of 10 years of experience in CRE or C&I lending with previous credit experience and a proven track record of business development and loan production.

Cross-sell all banking products to all commercial clients. This position requires a high level of customer service interaction with large commercial borrowers. The Commercial Loan Officer will be based in Newtown, with territory covering targeted markets in CT.

Requirements

• Bachelor’s degree, or 5-7 years of equivalent experience.
• Must have previous credit experience, possess proven business development skills and commercial lending knowledge.
• Strong negotiation skills and a high proficiency in loan structuring are also required.
• This position requires strong community network activities, as well as recognition in the community.

Responsibilities

• Develop a base of qualified prospects that will become full-relationship customers of the bank.
• Maintain a calling program on potential or existing customers to develop new business and increase and retain existing business.
• Request and review all pertinent credit and financial information.
• Determine the need for more thorough investigation or additional information and be able to discuss with the borrower.
• Perform basic credit analyses of financial information for potential and existing commercial and industrial loans.
• Prepare a loan proposal, present facts reflecting the creditworthiness of a loan and/or borrower.
• Ensure that all commercial loan credit files are kept current with latest financial statements, memos, agency reports, etc.
• Portfolio management which will include monitoring EIP and delinquent accounts, updates on criticized asset reports, memos to the file, risk rating changes and rate reductions.
• Present loan request to appropriate level of authority. Draft and review loan submissions, Letters of Intent, and Commitment letters.
• Coordinate and attend loan closings, working with the client and attorneys, as need be.

Benefits

• generous 401(k)
• medical benefits
• paid time off
• short- and long-term disability programs

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees