Commercial Lender

Ascendo Resources; Rahway (NJ); Hybrid; USD 110,000 - 180,000; Full time

Benefits offered by this job

Performance-based bonus

ESOP

Life Insurance

PTO

Paid Sick Time

401(k)

Job summary

Ascendo Resources seeks an experienced Commercial Banking Lender focused on Commercial & Industrial lending. The role develops new business, manages a loan portfolio, and analyzes loan requests of varying complexity.

The ideal candidate brings strong credit expertise, relationship management, and collaboration with underwriting and credit teams. Hybrid schedule with 3 days onsite at NJ locations. EOE.

Qualifications

• 5+ years of commercial lending experience with a C&I emphasis.
• Completion of formal credit training or bank-sponsored credit program.
• Strong financial analysis skills and ability to use financial analysis software.

Responsibilities

• Develop and cultivate new commercial banking relationships to grow the loan portfolio.
• Interview loan applicants and analyze financial statements, collateral, and credit data.
• Structure loan terms and recommend approvals within lending guidelines.
• Coordinate underwriting, including risk ratings, covenant compliance, and financial analysis.
• Manage renewals, modifications, and servicing of commercial loans.
• Maintain and expand an assigned portfolio of commercial clients.
• Monitor delinquencies and evaluate problem loans; recommend restructuring strategies.
• Conduct annual reviews and ensure timely documentation and compliance.
• Cross-sell banking products and services to strengthen client relationships.
• Stay informed on economic, financial, and legislative trends impacting commercial lending.
• Assist with reporting, forecasting, and portfolio management.

Skills

Commercial lending

Relationship management

Financial analysis

Credit training

Banking technologies

Education

Formal credit training program

Tools

Financial analysis software

Job description

We are seeking an experienced Commercial Banking Lender with a strong focus on Commercial & Industrial (C&I) lending. This role is responsible for developing new business relationships, managing an existing loan portfolio, and analyzing commercial loan requests of varying complexity and size.

The ideal candidate brings strong credit expertise, relationship management skills, and the ability to collaborate effectively with underwriting and credit teams.

Key Responsibilities

• Develop and cultivate new commercial banking relationships to grow the loan portfolio
• Interview loan applicants and analyze financial statements, collateral, and credit data
• Structure loan terms and recommend approvals within lending guidelines
• Coordinate underwriting, including risk ratings, covenant compliance, and financial analysis
• Manage renewals, modifications, and servicing of commercial loans
• Maintain and expand an assigned portfolio of commercial clients
• Monitor delinquencies and evaluate problem loans; recommend restructuring strategies when needed
• Conduct annual reviews and ensure timely documentation and compliance
• Cross-sell banking products and services to strengthen client relationships
• Stay informed on economic, financial, and legislative trends impacting commercial lending
• Assist with reporting, forecasting, and portfolio management
• Hybrid schedule (3 days onsite at NJ locations)
• Supportive, collaborative, team-oriented culture
• Relationship-driven internal and external environment
• Community-focused organization with volunteer initiatives

Qualifications

• 5+ years of commercial lending experience, with strong C&I emphasis
• Completion of formal credit training or bank-sponsored credit program
• Strong financial analysis skills (financial analysis software experience preferred)
• Excellent written and verbal communication skills
• Strong relationship management and customer service abilities
• High attention to detail and organizational skills
• Ability to manage multiple priorities in a fast-paced environment
• Proficiency with banking technologies and systems
• Ability to handle confidential information with discretion

We offer a competitive compensation and benefits package, including:

• Performance-based bonus programs
• Employee Stock Ownership Program (ESOP)
• Life Insurance, LTD, and AD&D coverage
• Paid Time Off (PTO), including personal and vacation time
• Paid Sick Time
• Paid Bank Holidays
• 401(k) retirement plan participation

What We’re Looking For

We’re seeking a results-driven commercial lender who can independently manage a portfolio while collaborating effectively with credit and lending teams. This individual should be proactive in business development, confident in credit analysis, and committed to delivering exceptional client service.

Ascendo is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability.