Commercial Loan Officer

Full Time
Farmington, CT 06032
Posted
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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