Commercial Lender II

Columbia Bank New Jersey; Freehold (NJ); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Medical, Dental, Vision and Rx

Employee Stock Option Program (ESOP)

Life Insurance, LTD and AD&D

Paid Time Off

Paid Sick Time

Bank Holidays

401k program

Job summary

Columbia Bank in Freehold, NJ seeks an experienced Commercial Lender to maintain and grow a portfolio of existing relationships and analyze complex loans within a designated region.

You will collaborate with branches and the lending team to approve loans within authority and support credit decisions.

Qualifications

• Minimum of 8 years experience in Commercial Lending.
• Minimum of 2 years experience as a Commercial Lender.
• Bachelor Degree in Finance, Accounting, Economics or Business related field. Master’s degree in finance, business or economics preferred.

Responsibilities

• Maintain performing commercial loans and assist with portfolio maintenance for large or complex loans.
• Analyze financial data for credit worthiness and approve loans within lending authority; inform customers of decisions.
• Develop new business by contacting potential customers and cross-selling bank products.
• Monitor delinquencies and evaluate loan restructures; pursue collections or refer to Special Assets as needed.
• Stay informed on local and national economic trends and their impact on lending.
• Assist in preparing loan originations reports and monitor loan maturities and exceptions.
• Perform other related duties as assigned.

Skills

Commercial lending expertise

Credit analysis

Relationship management

Regulatory knowledge

Communication skills

Education

Bachelor Degree in Finance/Accounting/Economics/Business

Master’s degree in finance/business/economics

Job description

Summary

Maintains portfolio of existing customer relationships. May assist more experienced commercial lenders with larger dollar value loans or complicated commercial loan transactions. Analyzes and underwrites more complex or large dollar value commercial loans within a designated region. Working in cooperation with the Branches, Business Development Department and other Commercial Lending team members, develops new business relationships. Approves loans within established guidelines and lending authority.

Job Responsibilities

• Maintains performing commercial loans. Assists more experienced lending team members with portfolio maintenance requirements for large dollar or more complicated loan transactions. Interacts with customers to maintain and enhance business relationships. Assists in the resolution of loan documentation exceptions.
• Interviews new loan applicants as well as existing borrowing customers. In conjunction with the Credit Department, analyzes financial and related data for credit worthiness and merits of loan requests. Establishes terms and approves loans within lending authority or recommends approval to senior management. Informs customers of Bank decisions.
• Develops new business by contacting potential customers and following up on leads. Cross sells Bank products and services.
• Monitors delinquencies and evaluates problem loans. Analyzes benefits of restructuring versus pursuing legal collection action. Negotiates and reworks loans or implements legal collection action or referral of the loan to the Special Assets Department. Estimates financial impact to the Bank.
• Maintains a current knowledge of local and national economic, financial, political and legislative trends. Determines the possible impact on commercial lending activities.
• Assists in the preparation of monthly, quarterly and annual reports to track loan originations. Monitors commercial loan maturities and loan documentation exceptions.
• Performs other job related duties as may be assigned.

Job Requirements

• Bachelor Degree in Finance, Accounting, Economics or Business related field. Master’s degree in finance, business or economics preferred;
• Minimum of 8 years experience in Commercial Lending
• Minimum of 2 years experience as a Commercial Lender;
• Formal credit training required;
• Local business experience specifically Northern NJ with potential market expansion;
• Strong Commercial Real Estate (CRE) and Construction (CON) expertise is required
• Must have the ability to develop and retain CRE & CON loan business;
• Must be able to produce assigned loan volume as set annually;
• Must ensure and maintain asset quality of loan portfolio;
• Excellent decision making and problem solving abilities;
• Thorough knowledge of lending regulations required;
• Excellent written and verbal communication skills with the ability to deal effectively with customers, attorneys, realtors and other financial institutions as well as all levels of Bank personnel;
• History of community involvement through volunteerism and/or representation with charitable organizations;
• Excellent organizational, follow-up and time management skills

Columbia Bank offers the following benefits

• Medical, Dental, Vision and Rx which are contributory.
• Employee Stock Option Program (ESOP).
• Life Insurance, Long Term Disability and Accidental Death and Dismemberment (LTD&AD&D).
• Paid Time Off (PTO) which includes Personal and Vacation Time.
• Paid Sick Time.
• Bank Holidays.
• Employees may participate in the 401k program.

Schedule

• This role is eligible for a hybrid schedule: 3 days in the office and 2 days work from home, based on business needs. This arrangement may change without notice.

Columbia Bank and its affiliates is an Equal Opportunity Employer, including individuals with disabilities and veterans.