Commercial Loan Officer - Lower Hudson Valley, NY
Company: Unity Bank
Location: Clinton
Posted on: August 6, 2022
Job Description:
Job DescriptionPOSITION SUMMARY:
- The Commercial Loan Officer (LO) is responsible for managing
and growing profitable commercial lending relationships through
active networking and cold calling efforts with local centers of
influence such as accountants, attorneys and brokers.
JOB DUTIES:
- Responsible for the initial screening and evaluation of
potential commercial loan transactions, including site visits;
- Evaluate and structure loan requests balancing Unity's credit
philosophy with the applicant's requests;
- Prepare and submit to the credit department, an initial draft
of the loan proposal, including collateral, cash flow and guarantor
analysis, along with all other required documents;
- Responsible for accuracy of all content in the loan
proposal;
- Present loan proposal to senior management and or executive
loan committee;
- Assist the credit and closing departments in obtaining required
documentation to facilitate timely closings;
- Cross-sell other Unity Bank products and business partner
services;
- Monitor and report assigned loan portfolio activity to senior
management as required by Unity Bank policy and procedures;
- Responsible for ongoing monitoring of financial performance
including renewals and any necessary memos;
- Complete other reporting requirements as directed by senior
management;
- Assist other areas (ex. Collections, Retail) of Unity Bank
regarding assigned loan portfolio as directed by senior management.
JOB SPECIFICATIONS:
- Knowledge of commercial lending parameters is essential
- Must be self-motivated and able to work independently
- Must be able to demonstrate proven track record of successful
loan commercial loan origination's
- Must be able to cross-sell banking products
- Must be willing and able to travel locally
- Must be willing to work extended hours as necessary to attend
evening business functionsACCOUNTABILITIES:
- Senior Commercial Lender
- Credit Manager
- Chief Lending Officer and Senior Loan CommitteeLength of time
and Type of Previous Education/Experience Required:
- College degree, preferred
- Formal bank credit training, preferred
- Must have a minimum of five (5) years commercial lending
experience.Financial Responsibilities:
- A Commercial Loan Officer's performance is assessed from the
volume of new commercial loans originated, new retail accounts, and
number and/or type of referrals made to Unity Bank business
partners.
- Individual requirements are negotiated with hire.Required
Manual Skills:
- PC proficient
- Working knowledge of software including Word, Excel, FISERV (a
plus)
- Other office machines (i.e. fax, copier, printer)
Keywords: Unity Bank, Bethlehem , Commercial Loan Officer - Lower Hudson Valley, NY, Other , Clinton, Pennsylvania
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