Asset Based Finance Professional
7 days ago
Columbia Bank is seeking a highly skilled Commercial Lender III, ABL to join their middle market credit team in the Tri-State area. The estimated annual salary for this position is $140,000 - $200,000, based on experience.
Job Overview:The successful candidate will be responsible for developing and managing relationships with commercial clients, analyzing financial data, and making recommendations to senior management and the credit committee. This role requires strong analytical and communication skills, as well as the ability to work effectively in a team environment.
Responsibilities:- New Business Development:
The ideal candidate will be responsible for identifying and pursuing new business opportunities, including large asset-based lending deals. This will involve conducting thorough financial analyses, building relationships with key stakeholders, and collaborating with internal teams to structure and close transactions.
- Key Responsibilities:
- Develops New Business: Identifies and pursues new business opportunities, including large asset-based lending deals.
- Evaluates Financial Data: Conducts thorough financial analyses to determine viability of transactions.
- Builds Relationships: Develops and maintains relationships with key stakeholders, including borrowers, referral sources, and internal partners.
- Collaborates Internally: Works closely with underwriting, portfolio management, and other teams to structure and close transactions.
- Relationship Management:
The successful candidate will also be responsible for maintaining and deepening existing relationships with commercial clients, including regular client visits, effective communication, and tailored product offerings.
- Key Responsibilities:
- Visits Clients: Regularly visit clients to strengthen relationships and identify opportunities for growth.
- Analyzes Financial Data: Evaluate financial and related data to assess creditworthiness and recommend loan approval or denial.
- Establishes Terms: Collaborate with the credit committee to establish terms and approve loans within lending authority.
- Communicates Decisions: Inform clients of bank decisions and negotiate resolutions when necessary.
- Credit Review & Restructuring:
This role involves monitoring delinquencies, evaluating problem loans, and identifying areas for improvement to minimize risk and maximize returns.
- Key Responsibilities:
- Monitors Delinquencies: Identify and address any issues that may impact loan repayment.
- Evaluates Problem Loans: Analyze financial data to determine the root cause of problems and develop solutions.
- Works with RVP: Collaborate with the Asset-Based Lending Risk Vice President to analyze restructuring options and implement strategies to mitigate risk.
About Columbia Bank:
Columbia Bank values diversity and inclusion and is committed to creating an equitable work environment.
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