VP - Commercial Loan Officer

MutualOne Bank • Framingham, MA • 1h ago

The VP, Commercial Loan Officer is responsible to generate new
commercial lending business by meeting with clients, prospects, and
referral sources. The responsibility also involves interviewing
applicants to gather information regarding loan needs, earnings, and
financial conditions, in order to determine the best product that meets
the customer needs. The incumbent will obtain credit information and
make loan recommendations to loan committee based on the risk levels
associated with the loans. The incumbent is also responsible for
monitoring their portfolio for on-going risk, including documentation,
the security for the loan, and the on-going business conditions and
rental income that serve as the source of cash flow for the loan.
Responsibilities include staying in touch with the client and
continually monitoring their financials and the condition of the
collateral, by periodically doing site visits and documenting same with
memos to the file and updating the SVP, Team Leader Commercial Lending
on the state of each relationship. The incumbent will also expand the
deposit relationships of their clients, expand the overall increase in
new deposits for the bank, and support the goals of the Bank. Experience
& Education Requirements: Bachelor\'s degree or equivalent experience in
a lending environment Extensive knowledge in financial institution\'s
commercial lending policies and procedures Five to ten years
progressively responsible experience in commercial lending with thorough
understanding of credit analysis Essential Job Functions: Originates and
reviews commercial loan requests as well as works to increase Bank
deposits Interviews business loan applicants, provides counsel and works
with the credit department to underwrite loans using industry and Bank
guidelines Reviews appraisals, credit reports, background checks,
reference checks and other information as needed on loan applicants
Outlines loan terms and conditions, and informs the borrowers of loan
commitments Develops and recommends new loan policies & procedures to
upgrade and improve the loan services for the benefit of the commercial
loan department Researches new legislation and regulations that may
affect the financial institution?s lending policies. Ensures compliance
with new rules by advising senior management and implementing
appropriate changes Participates in the development of marketing
programs for the financial institution\'s commercial non-real estate
lending services Actively participates in local business and community
activities Provides regular reports to the SVP, Team Leader Commercial
Lending on lending activities Develops new relationships and services
exiting relationships Recommends proposals to expand current business
for commercial real estate and C&I lending Maintains knowledge of
department policies and procedures through internal and external
training activities Monitors their current portfolio for evolving risks
and issues and elevates any issues immediately to the SVP, Team Leader
Commercial Lending Monitors underlying business trends in industries and
markets in which the Bank does business. Makes periodic site visits to
the Borrowers and visits the collateral that support the loans.
Qualifications Required knowledge, skills & abilities: Good
understanding of lending procedures, laws and regulations Sound
knowledge of loan policy, compliance, loan operations and quality
customer service Excellent oral and written communication skills, strong
computer skills including word and excel Attention to detail, ability to
multi-task and proven organizational skills Ability to apply critical
thinking and problem solving skills Ability to adapt to changing demands
and requirements Ability to work in a collaborative environment
Compliance with BSA regulations as appropriate to the position Ability
to apply sound judgment to decision making

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