Commercial Loan Officer
4 weeks ago
Job Summary
Grove Bank & Trust is seeking a skilled Commercial Loan Officer to contribute to the growth and profitability of the bank through the development and maintenance of commercial loan accounts and relationships.
Key Responsibilities
- Manage a commercial loan portfolio in accordance with applicable laws, regulations, and internal policies and procedures.
- Develop new commercial loan business through industry contacts, referral follow-up, and participation in community or industry-related functions.
- Partner with branches in the origination of commercial loan referrals and expand existing relationships by cross-selling bank products and services.
- Interview loan applicants, conduct preliminary financial analysis, and establish credit risk.
- Prepare Loan Approval Reports and commitment letters for new and renewed commercial loans.
- Request and review required documentation to underwrite credit transactions and perform underwriting and recommendations for loans within assigned lending limits.
- Monitor loan repayment activities and take necessary collection efforts on past-due loans.
Supervisory Responsibilities
May manage and supervise one employee in the Loan Department and carry out supervisory responsibilities in accordance with the organization's policies and applicable laws.
Qualifications
To perform this job successfully, an individual must have a Bachelor's degree in Business or Finance and five years of commercial and consumer lending experience, including portfolio management and business development.
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