Commercial Loan Officer
Job description
Position Summary: Meet and exceed goals of: attracting new commercial customers relationships; annual loan budgets; new deposit accounts and dollars; fees earned and minimum pricing standards.
Qualifications Required:
Four year business degree
Knowledge of accounting principles and practices
Proficient in Windows Office applications, Word, Excel and Outlook
Prior experience as a Commercial Loan Officer or Commercial Portfolio Manager
Credit analysis experience with completion of a formal Credit Training program
Ability to analyze and report on financial data
Essential Functions and Responsibilities:
Development of a targeted prospect list
Maintain and grow assigned portfolio and customer base
Present commercial loans to the Management Loan Committee
Maintain all credit reviews, identify new credit issues proactively
Collect and analyze all required information for commercial loans
Ensure annual review process of loans is performed according to standards
Analyze and propose new, renewed and modified credit presentations
Resolve data integrity issues in a timely manner
Perform detailed credit due diligence
Direct the closing process of commercial loans
Maintain risk ratings in relation to credit policy
Renew all notes on a timely basis
Maintain all records and supporting documentation neatly and accurately
Periodic review/annual affirmation of credit conditions of borrowers and reserves
Analyze financial statements
Review and handle modifications and amendment requests
Maintain close relationships with customers
Ensures compliance with Fair Lending, CRA and HMDA requirements
Meet/exceed goals of reducing criticized assets
Assist in the correction of all Formal Agreement Articles and MRA’s
Early recognition of credit problems, quick development/implementation remedial actions
Prepares timely CPC forms
Tests loans to measure and control concentration risk
Obtains borrower financial statements on a timely basis
Responsible for collecting past due balances
Have full understanding and ability to effectively review legal loan documents
Job Type: Full-time
Pay: $100,000.00 - $125,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Employee assistance program
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Parental leave
- Tuition reimbursement
- Vision insurance
Schedule:
- 8 hour shift
- Day shift
- Monday to Friday
Ability to commute/relocate:
- Farmington, CT 06032: Reliably commute or planning to relocate before starting work (Required)
Experience:
- Credit analysis: 3 years (Required)
- Loan origination: 3 years (Required)
- Commercial Loan Sales: 3 years (Required)
Work Location: One location
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