VP Commercial Loan Officer

Newburyport Five Cents Savings Bank • Newburyport, MA

2d

About The Position

Newburyport Bank is a community bank supported by the strength of our shared services organization, River Run, and banking affiliates, Pentucket Bank and Rollstone Bank and Trust. Together, we shape the evolution of community banking through innovation and strong partnerships, while preserving the personalized service our customers value. Here, you will discover opportunities that will guide you along your professional journey, and allows you to make a meaningful impact in your local community, as you join a team that champions integrity, collaboration, and continuous progress. Journey Well!

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 and a bachelor’s degree with business focus preferred.
• Strong working knowledge of appropriate credit structure and key factors of Bank policy guidelines related to assessing credit quality.
• Demonstrated ability to assess a loan applicant risk profile and manage that credit structure and actively manage the risk inherent to lending.
• Strong working knowledge of Commercial loan and deposit/Treasury products.
• Proficient with office software including Word, Excel, PowerPoint and others.
• Highly organized and proactive planner with strong time management skills.
• Excellent verbal and written communication skills.

Nice To Haves

• Formal sales and/or credit training is 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 a network of professional relationships and referral sources to include business brokers, accountants, attorneys and other centers of influence to enhance new business generation.
• Screens and interviews new loan applicants, collects and analyzes financial and related data to establish creditworthiness, establishes and negotiates, when necessary, credit terms and continually monitors loan repayment activities.
• Promotes and sells related bank inancial products and services and actively engages with business partners to implement strategies to expand existing client relationships and acquire new relationships.
• Works closely with portfolio manager to manage all aspects of the loan relationship including credit analysis and loan approvals, loan closing, timely completion of credit file commentary and collection of financial information to proactively identify and mitigate potential risks.
• Verifies transactions and account balances, ensuring compliance with bank policies and state and federal regulations and the Bank Secrecy Act (BSA), as applicable to the role.
• Participates in civic, social and community relations activities to promote and strengthen the image of the bank.

What This Job Offers

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