The Commercial Loan Officer is responsible for developing new client relationships primarily in Middlesex County to increase the loan portfolio and associated deposit balances.
ESSENTIAL FUNCTIONS- Develop a diverse commercial loan portfolio through actively seeking new business.
- Assist in all phases of the loan life cycle (from application to close) by:
- Identifying and evaluating commercial loan opportunities.
- Present and recommend appropriate loans to the Bank's credit committee.
- Compile necessary information needed for underwriters to accurately evaluate the deal.
- Consistently communicate with the borrower and Bank staff throughout the loan process.
- Work with the loan closing team and Bank's attorney to close the loan.
- Meet and exceed annual lending goals set forth by the Bank.
- Understand Bank credit policy as well as regulatory requirements to ensure all loans are in compliance.
JOB QUALIFICATIONS- 5+ years of commercial lending experience including both C&I and CRE loans
- Strong understanding of credit risk and sound underwriting principles.
- Strong understanding of the Banking industry and the regulatory requirements associated with it
- Bachelor's degree in Business, Finance, and/or Accounting preferred
- Excellent communication and organization skills.
- Strong analytical and computer skills including Microsoft Office products and lending programs
- Proven track record of relationship/portfolio management as well as loan origination
The salary range for this position is $130000 - $160000 per year
