Columbia Financial, Inc.

Commercial Lender II

Columbia Financial, Inc. • $90K — $120K *
Fair Lawn, NJ 07410In-Person
Finance & Insurance
Less than 5 years of experience
1 month ago
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Accounting, Economics, or related field; Master's preferred
  • 8+ years of experience in Commercial Lending
  • 2+ years of experience as a Commercial Lender
  • Formal credit training required
  • Strong expertise in Commercial Real Estate and Construction
  • Ability to develop and retain loan business
  • History of community involvement through volunteerism
  • Thorough knowledge of lending regulations

Responsibilities

  • Maintain commercial loans and assist with portfolio management for complex transactions
  • Interview loan applicants and analyze financial data to determine credit worthiness
  • Develop new business by following up on leads and cross-selling bank products
  • Monitor delinquencies and evaluate problem loans for restructuring or collection action
  • Stay updated on economic trends affecting commercial lending
  • Prepare reports to track loan originations and monitor documentation exceptions
  • Perform additional job-related duties as assigned

Benefits

  • Medical, Dental, Vision and Rx coverage
  • Bonus programs
  • Employee Stock Option Program (ESOP)
  • Life Insurance and Long Term Disability coverage
  • Paid Time Off including personal and vacation time
  • Paid Sick Time
  • Bank Holidays
  • 401k program participation
Full Job Description
Summary: Maintains portfolio of existing customer relationships. May assist more experienced commercial lenders with larger dollar value loans or complicated commercial loan transactions. Analyzes and underwrites more complex or large dollar value commercial loans within a designated region. Working in cooperation with the Branches, Business Development Department and other Commercial Lending team members, develops new business relationships. Approves loans within established guidelines and lending authority.

Job Responsibilities:

  • Maintains performing commercial loans. Assists more experienced lending team members with portfolio maintenance requirements for large dollar or more complicated loan transactions. Interacts with customers to maintain and enhance business relationships. Assists in the resolution of loan documentation exceptions.
  • Interviews new loan applicants as well as existing borrowing customers. In conjunction with the Credit Department, analyzes financial and related data for credit worthiness and merits of loan requests. Establishes terms and approves loans within lending authority or recommends approval to senior management. Informs customers of Bank decisions.
  • Develops new business by contacting potential customers and following up on leads. Cross sells Bank products and services.
  • Monitors delinquencies and evaluates problem loans. Analyzes benefits of restructuring versus pursuing legal collection action. Negotiates and reworks loans or implements legal collection action or referral of the loan to the Special Assets Department. Estimates financial impact to the Bank.
  • Maintains a current knowledge of local and national economic, financial, political and legislative trends. Determines the possible impact on commercial lending activities.
  • Assists in the preparation of monthly, quarterly and annual reports to track loan originations. Monitors commercial loan maturities and loan documentation exceptions.
  • Performs other job related duties as may be assigned.


Job Requirements:

  • Bachelor Degree in Finance, Accounting, Economics or Business related field. Master's degree in finance, business or economics preferred;
  • Minimum of 8 years experience in Commercial Lending
  • Minimum of 2 years experience as a Commercial Lender;
  • Formal credit training required;
  • Local business experience specifically Northern NJ with potential market expansion;
  • Strong Commercial Real Estate (CRE) and Construction (CON) expertise is required
  • Must have the ability to develop and retain CRE & CON loan business;
  • Must be able to produce assigned loan volume as set annually;
  • Must ensure and maintain asset quality of loan portfolio;
  • Excellent decision making and problem solving abilities;
  • Thorough knowledge of lending regulations required;
  • Excellent written and verbal communication skills with the ability to deal effectively with customers, attorneys, realtors and other financial institutions as well as all levels of Bank personnel;
  • History of community involvement through volunteerism and/or representation with charitable organizations;
  • Excellent organizational, follow-up and time management skills

Columbia Bank offers the following benefits:
  • Medical, Dental, Vision and Rx which are contributory.
  • Bonus programs.
  • Employee Stock Option Program (ESOP).
  • Life Insurance, Long Term Disability and Accidental Death and Dismemberment (LTD&AD&D).
  • Paid Time Off (PTO) which includes Personal and Vacation Time.
  • Paid Sick Time.
  • Bank Holidays.
  • Employees may participate in the 401k program.

Schedule:
  • This role is eligible for a hybrid schedule: 3 days in the office and 2 days work from home, based on business needs. This arrangement may change without notice.


About Columbia Financial, Inc.

Columbia Financial, Inc. is a bank holding company headquartered in Fair Lawn, New Jersey. The company operates as a community bank providing a broad range of banking services to businesses and individuals in its markets. Columbia Financial operates through its wholly-owned subsidiary, Columbia Bank, which has over 60 branches in New Jersey. The bank offers a range of deposit products, including checking accounts, savings accounts, and certificates of deposit, as well as loan products, such as commercial and consumer loans, real estate loans, and agricultural loans. Columbia Financial was founded in 1927 and went public in 2019.
Learn more about Columbia Financial, Inc.
Size
645 employees
Market Cap
$2.3 billion
Industry
Finance & Insurance
Net Income
$57.6 million
5 Year Trend
+9.8%
NASDAQ
CLBK
* Ladders Estimates

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