Commercial Lender/VP, West Springfield

Florence Bank; West Springfield (MA); Hybrid; USD 126,000 - 230,000; Full time

Benefits offered by this job

5+ weeks PTO

401K match

Profit-sharing bonus

Medical, dental, vision benefits

Job summary

Florence Bank seeks a Commercial Lender/VP (West Springfield/Remote) to lead commercial lending efforts in western Massachusetts and the Hartford area. The role offers a salaried, full-time position with a salary range of $125,888 to $230,000 per year, plus benefits and advancement opportunities.

Expect to direct credit activities, assess applicants, approve loans, and manage portfolios from the Main Office.

Qualifications

• Minimum of seven (7) years of progressively increasing responsible commercial lending experience.
• Bachelor's Degree in business administration, finance, or related area.
• Strong interpersonal and relationship-building abilities.
• Analytical skills to assess creditworthiness and market conditions.

Responsibilities

• Directs and coordinates commercial credit activities for profitable lending.
• Interview applicants to assess creditworthiness and negotiate terms.
• Approve loans within authorized limits and manage large or complex portfolios.
• Maintain loan documentation, monitor performance, renewals, and workouts as needed.
• Develop lending policies aligned with bank objectives and growth.

Skills

Commercial lending

Interpersonal skills

Analytical skills

Networking

Education

Bachelor's Degree in business administration/finance

Job description

Commercial Lender/VP, West Springfield Regular Full-Time Salaried Main

Office, Florence, MA, US Requisition ID: 1754 Salary Range: $125,888.00

To $230,000.00 Annually Florence Bank is looking for a Commercial Lender to expand the Bank\?s commercial lending efforts in western Massachusetts as well as the greater Hartford, Connecticut area.

Are you looking for an employer that provides 5+ weeks of PTO, focuses on advancement opportunities, and has an overall average employee tenure of a decade? With medical, dental, and vision benefits upon hire, a 401K plan with dollar-for-dollar match, and a profit-sharing bonus after two full calendars years of employment, Florence Bank has it all! We are currently seeking candidates to join our exceptional team for the following position: Job Title: Commercial Lender/VP Location: West Springfield/Remote work schedule available

Position Summary: Directs, coordinates, and controls departmental activities concerned with the extension of commercial credit at a profit to bank customers in accordance with established policies and procedures. Essential Functions: Consistently provides superior professional service to internal and external customers. Consistently meet expectations of teamwork, punctuality, and regular, reliable attendance.

Assists in establishing departmental lending policies and operating procedures that are consistent with overall bank policies and operating objectives. Develops and maintains an interest rate structure that harmonizes with overall bank management policies, is competitive and affords the bank maximum profitability. Prepares lending activity reports for bank management and the executive committee of the board of directors.

Provides general counsel with respect to lending operations. Interviews applicants: collects and analyzes financial and related data to establish creditworthiness; establishes and negotiates, when necessary, credit terms and continually monitors customers' creditworthiness and repayment activities. Approves loans within established loan authority.

Develops and manages large and/or complex commercial loan accounts. Reviews loan documentation prior to closing for completeness and acceptance by the applicant. Ensures timely loan closing and funding activities. Manage loan portfolio including renewals, modifications, updated credit analysis, collections, and portfolio monitoring. Works with the Senior Commercial Lender and Chief Credit Risk Officer in commercial loan workouts and foreclosures.

Counsels customers, where possible, regarding business management and financial matters. Assists in the department's business development activities, including the monitoring of the officer call program. Personally, calls on customers.

And Prospects. The Following Skills, Background, And Experience Are

Bachelor's Degree in business administration, finance, or related area. Minimum of seven (7) years of progressively increasing responsible commercial lending experience. Candidates with established networks in the greater Hartford, Connecticut region are preferred. Strong, well-developed interpersonal skills in order to maximize business contacts and develop a working relationship with potential and current commercial loan customers. High level of analytical skills to conduct initial commercial loan analyses and monitor the loan's progress in consideration of, including, but not limited to, market trends, credit/interest rates, and economic conditions. Ability to meet with current and potential customers and attend community and networking events during and outside traditional business hours. Valid driver's license with sound driving record and personal transportation available SEE THE FLORENCE BANK WEBSITE FOR MORE INFORMATION