Senior Vice President of Commercial Financing

2 weeks ago


Clinton, Massachusetts, United States Leominster Credit Union Full time
Job Overview

The Senior Vice President of Commercial Financing is tasked with directing and supervising all facets of business lending operations within the credit union. This role encompasses the development, assessment, and management of intricate lending relationships, alongside the administration of all legal elements associated with commercial loans. The incumbent is responsible for maintaining the integrity of the commercial lending portfolio while achieving strategic objectives.

This position operates in a hybrid model, requiring on-site presence for three days each week.

Key Responsibilities:

  1. Oversee the daily functions of the commercial lending division.
  2. Foster a collaborative work atmosphere by providing continuous coaching and development opportunities for team members. Conduct regular one-on-one meetings and team discussions to ensure effective communication across the organization.
  3. Formulate and execute the commercial lending strategy, annual objectives, and budget in collaboration with senior leadership, aligning with the credit union's financial targets and risk appetite.
  4. Engage with current and potential commercial loan clients, gathering and analyzing necessary documentation for the approval process.
  5. Meet with clients to explore loan options, credit requirements, interest rates, and documentation, aiming to enhance or secure business relationships.
  6. Negotiate and articulate credit terms, including rates, costs, loan structures, and collateral specifications.
  7. Ensure that loan applications are accompanied by the requisite supporting documentation, including signatures, disclosures, and credit authority.
  8. Manage the collection of overdue payments and the resolution of delinquent commercial loans, identifying potential issues and coordinating with relevant parties to address them.
  9. Establish and maintain policies and procedures for commercial loans, ensuring they remain compliant with regulatory and market changes.
  10. Collaborate with the Loan Analyst to assess loan requests and ensure accurate documentation for review by the Business Loan Committee.
  11. Act as the primary contact for regulatory examinations and audits, providing responses to findings and recommendations.
  12. Ensure timely analysis for annual reviews of the commercial loan portfolio, working with staff to complete necessary property inspections.
  13. Conduct thorough analysis and follow-up on all matured loans.
  14. Maintain effective communication with branch managers to monitor and coordinate the status of commercial clients.
  15. Develop and nurture professional relationships with clients and industry professionals.
  16. Engage in business development initiatives to attract new and existing clients for commercial loans and other credit union products and services.
  17. Embody the credit union's values of diversity, equity, and inclusion, promoting an inclusive workplace by valuing team members' perspectives and encouraging respectful dialogue.
  18. Adhere to all credit union policies and procedures, ensuring compliance with regulations such as BSA and OFAC.

Additional Responsibilities:

  1. Prepare commercial lending reports for management and the Board of Directors as necessary.

Supervisory Duties:

This position directly supervises the Assistant Vice President of Commercial Lending and the Commercial Analyst.

Qualifications:

A bachelor's degree or equivalent experience is required, along with formal training in commercial credit or demonstrated expertise in financial analysis, commercial loan underwriting, and structuring. A minimum of seven years of experience in commercial lending with a proven track record in business development is essential. Strong interpersonal, communication, and organizational skills are necessary, as well as excellent analytical abilities and a systematic approach to problem-solving. Proficiency in Microsoft Office applications is required, and flexibility to travel as needed is expected.

Employees are expected to exemplify the core values of the credit union in all interactions to support a culture of inclusion.

Leominster Credit Union is an Equal Opportunity Employer: Minority/Female/Disability/Veteran.



  • Clinton, Massachusetts, United States Leominster Credit Union Full time

    Job OverviewThe Senior Vice President of Commercial Lending is tasked with leading and managing all facets of commercial lending operations within the credit union. This role encompasses the development, underwriting, and management of significant and intricate lending relationships, alongside the administration of all legal components associated with...


  • Clinton, Massachusetts, United States BJ's Wholesale Club Full time

    Join Our TeamBecome a part of our dynamic workforce of over 34,000 members, dedicated to supporting our communities and members through our Club Support Center and various locations.About BJ's Wholesale ClubAt BJ's Wholesale Club, we foster a collaborative and inclusive atmosphere where every team member can thrive, learn, and express their true selves.Our...


  • Clinton, Massachusetts, United States Leominster Credit Union Full time

    Job OverviewThe Senior Member Relations Specialist is responsible for setting the operational benchmarks within the branch. This role exemplifies leadership by guiding the team towards operational excellence, enhancing member experiences, engaging in needs-based dialogues, and providing tailored financial solutions to fulfill our members' requirements.This...


  • Clinton, Massachusetts, United States The Blue Collar Recruiter Full time

    Job OverviewPosition: HVAC Project ManagerLocation: Clinton, MASalary Range: $90,000 - $115,000Role Summary:The HVAC Project Manager is accountable for steering a team of experts to successfully execute commercial HVAC initiatives within designated timelines, aligning with corporate objectives.The responsibilities encompass budget allocation for various...


  • Clinton, Iowa, United States Hamilton College Full time

    DetailsPosted: 11-Feb-24Location: Clinton, New YorkSalary: OpenCategories:Administrative/SupportStaff/AdministrativeInternal Number: 7524F34D-F0A1-477B AFAA639The responsibilities of the Assistant to the Associate Vice President for Academic Affairs is to fulfill the administrative needs of the AVPAA including travel arrangements, calendar scheduling, and...


  • Clinton, Maryland, United States Progressive Roofing Full time

    Job Title: Senior Commercial Roofing Project Supervisor Company Overview: Progressive Roofing is a premier provider of commercial roofing services, committed to delivering exceptional quality and customer satisfaction.Position Overview: We are in search of a seasoned and proficient Senior Commercial Roofing Project Supervisor to become a vital part of our...


  • Clinton, Maryland, United States Progressive Roofing Full time

    Job Title: Senior Commercial Roofing Project Supervisor Company Overview: Progressive Roofing stands as a premier provider of commercial roofing services, committed to delivering exceptional solutions to our clients. Our dedication to quality and reliability has established us as a trusted partner in the industry. Position Overview: We are in search of...


  • Clinton, Maryland, United States Progressive Roofing Full time

    Company Overview: Progressive Roofing stands at the forefront of commercial roofing solutions, committed to providing exceptional services to our diverse clientele. Our dedication to quality and reliability has established us as a trusted partner in the industry.Position Summary: We are in search of a seasoned and proficient Senior Commercial Roofing Project...


  • Clinton, United States gpac Full time

    Commercial Loan Officer Commercial Loan Officers, or Commercial Lenders, work to help business owners obtain funds needed to fund their businesses, purchase property, equipment, and more. Commercial Lending is more than cold-calling prospects and attending community meetings. The right individual will need to meet with business owners face-to-face to build...


  • Clinton, New Jersey, United States Unity Bank Full time

    Position Overview The Commercial Credit Analyst is tasked with conducting both quantitative and qualitative evaluations of applicants seeking commercial financing. The individual will analyze the character, capacity, capital, collateral, and conditions surrounding loan applications, ultimately preparing comprehensive credit proposal packages that recommend...


  • Clinton, United States InsideHigherEd Full time

    Student Finance AdministratorLocation:Clinton, NYOpen Date:Jun 3, 2024Description:Under the direction of the Associate Director of Student Accounts, the Student Finance Administrator will be responsible for meeting the best practice guidelines in terms of technology and effectiveness for both Student Accounts Receivables and Student Accounts Payables...


  • Clinton, New Jersey, United States Flagstar Bank Full time

    Job Title: Senior Financial Reporting AnalystFlagstar Bank is on the lookout for a meticulous Senior Financial Reporting Analyst to enhance our finance team. In this capacity, you will take charge of generating internal management reports, external compliance documentation, and providing support for departmental oversight. We seek a candidate who possesses a...


  • Clinton, Pennsylvania, United States Berlin Packaging LLC Full time

    Job SummaryBerlin Packaging LLC is seeking a highly skilled Senior Credit Analyst to join our Finance team. As a key member of our team, you will be responsible for managing the company's financial risk of extending credit for specific business units and ensuring customers adhere to payment terms.Key ResponsibilitiesCredit Management: Manage credit and...

  • Concierge

    3 weeks ago


    Clinton, United States Courtyard Luxury Senior Living Full time

    The duties and responsibilities of the Concierge includes serving as Receptionist for the Community, operating the telephone system, greeting visitors, business contacts, family members and team members, assisting the President and Community Business Director with correspondence and other day-to-day office duties.Essential Responsibilities: Maintain certain...


  • Clinton, New Jersey, United States Unity Bank Full time

    Position Overview The Commercial Credit Analyst plays a crucial role in evaluating the quantitative and qualitative aspects of applicants' requests for business loans. The individual will analyze the character, capacity, capital, collateral, and conditions associated with loan applications, ultimately preparing comprehensive credit proposal packages that...


  • Clinton, Mississippi, United States University of Mississippi Medical Center Full time

    Position Title: Senior Project CoordinatorOverview: The Senior Project Coordinator is responsible for overseeing, coordinating, and managing activities and resources for designated projects within the organization. This role involves establishing and implementing project management methodologies to ensure that project objectives are met efficiently, within...


  • Clinton, Illinois, United States Constellation Energy Full time

    About Constellation EnergyAs the nation's largest producer of clean, carbon-free energy, Constellation Energy is a company purposely-built to meet the challenges of the climate crisis. With over a decade of leadership in clean energy production, we are growing our company and capabilities.We are accelerating our low-carbon or no-carbon power to more people...


  • Clinton, United States Smithfield Foods Full time

    If you are currently employed at Smithfield, please log into Workday and submit your application through the Jobs Hub. A great job-and a great future-awaits you at Smithfield Foods. We're an $18 billion U.S. food company with more than 54,000 employees worldwide. We're looking for motivated people who want to join our team and grow lasting and meaningful...


  • Clinton, United States Smithfield Foods Full time

    If you are currently employed at Smithfield, please log into Workday and submit your application through the Jobs Hub. A great job-and a great future-awaits you at Smithfield Foods. We are an American food company with a leading position in packaged meats and fresh pork products. We're looking for motivated people who want to join our team and grow lasting...

  • Credit Analyst II

    3 days ago


    Clinton, New Jersey, United States Unity Bank Full time

    Job SummaryUnity Bank is seeking a highly skilled Credit Analyst II to join our Commercial Lending team. As a Credit Analyst II, you will play a critical role in the quantitative and qualitative analysis of commercial loan requests, ensuring the bank's risk management and lending strategies are aligned with our business objectives.Key...


  • Clinton, New Jersey, United States Unity Bank Full time

    Job SummaryWe are seeking a highly skilled Senior Staff Accountant to join our team at Unity Bank. As a key member of our accounting department, you will be responsible for preparing and analyzing financial statements, reviewing internal controls, and assisting with department oversight and projects.Key ResponsibilitiesFinancial Statement Preparation:...


  • Clinton, Connecticut, United States Connecticut Water Full time

    We are excited to announce an opportunity in our **Field Service, Customer Service** division for a **Senior Field Service Supervisor**. Our commitment to environmental sustainability drives us to provide high-quality water services to communities and families. We prioritize progress and offer comprehensive training and development to foster success across...


  • Clinton, New Jersey, United States Flagstar Bank Full time

    Job Title: Senior Financial Reporting AnalystFlagstar Bank is in search of a meticulous Senior Financial Reporting Analyst to enhance our finance team. In this position, you will be tasked with generating internal management reports, external compliance documents, and supporting departmental oversight. We are looking for an individual with a Bachelor's...


  • Clinton, New Jersey, United States Flagstar Bank Full time

    Job Title: Senior Financial Reporting AnalystFlagstar Bank is in search of a meticulous Senior Financial Reporting Analyst to enhance our finance team. In this capacity, you will take charge of generating internal management reports, fulfilling external regulatory obligations, and supporting departmental oversight. We are looking for an individual with a...