About the role
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