VP Commercial Loan Officer

Meredith Village Savings Bank • Concord, NH

91d

About The Position

The VP Commercial Loan Officer at The Merrimack is responsible for developing and servicing a variety of business loans, both secured and unsecured, in accordance with established policies and procedures. The role involves promoting business development activities to support the growth of the bank and meet individual and team loan production goals. The position requires compliance with legal, regulatory, and accounting lending practices while ensuring maximum bank profitability and minimizing risk. The incumbent will manage an assigned portfolio, source new business opportunities, and maintain relationships with existing clients.

Requirements

• Bachelor's Degree in Business, Finance or Accounting.
• Three to five years or equivalent combination of Commercial Lending, Portfolio Management and demonstrated external business development role success.
• Knowledge of Bank lending practices and regulation.
• Exceptional analytical reasoning including complex financial analysis skills.
• Demonstrated initiative and independent work capabilities.
• Strong interpersonal and communication skills, oral and written.
• Knowledge of bank operations and prior experience collaborating across functional lines.
• Superior time management and execution skills with the ability to prioritize.
• Demonstrated computer and desktop application skills.
• Intermediate to advanced spreadsheet capabilities.
• Experience with Jack Henry or other equivalent banking application is preferred.

Responsibilities

• Model behaviors consistent with A+ Merits to foster an effective culture.
• Ensure compliance with legal, regulatory, and accounting lending practices.
• Continuously create new business opportunities by means of existing clients and the successful conversion of new client prospects.
• Successfully manage an assigned portfolio that includes a varied product mix, while still achieving established production goals.
• Demonstrate leader-level underwriting ability and communication skills.
• Source, develop and service a variety of commercial loan clients according to established policy.
• Interview loan applicants, complete loan applications, and obtain necessary financial and operating statement documentation.
• Prepare and organize loan file data, and perform independent analysis and judgment of credit worthiness.
• Present relevant application data and loan application recommendations to senior lender and/or investment committee.
• Ensure final approved rates, terms, special conditions, etc., and secure all necessary notes, pledges, and collateral when documenting the loan.
• Participate in customer relationship building activities related to commercial lending.
• Follow up and service existing accounts by maintaining awareness of loan maturities and past due loans.
• Attend and participate in various internal committee meetings and may serve as a member of assigned committees.
• Actively participate in strategic cross-functional business development initiatives.
• Promote the larger organization, reputation, and associated product and service offerings.
• Complete all required compliance training and comply with all regulations.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree