Commercial Lending - Commercial Loan Officer

Chelsea Groton Bank; Groton (CT); On-site; USD 85,000 - 110,000; Full time

Job summary

Chelsea Groton Bank is seeking a Commercial Loan Officer in Groton, CT to develop and manage a robust client base while evaluating credit risk and negotiating terms on commercial loans. The role emphasizes servicing existing accounts and cross-selling bank services.

The ideal candidate will have a solid credit background, strong analytical and interpersonal skills, and the ability to make sound lending decisions in line with bank policies.

Qualifications

• Bachelor's degree or equivalent in specialized course work and training.
• Three years of progressively responsible commercial mortgage and business lending experience.
• Very strong analytical, organizational, communication and decision making skills.
• Able to analyze financial statements.
• Proficient in spreadsheet software.

Responsibilities

• Carry out ongoing business development to promote lending services and cross-sell other bank services.
• Interview applicants for commercial C&I and commercial mortgages; analyze credit information and approve loans within authority.
• Serve as Account Officer; maintain records; provide financial counseling and monitor borrower financial condition.
• Keep abreast of regulatory and competitive developments in commercial lending; attend courses and seminars.
• Promote the bank's products and services and participate in community affairs.
• Adhere to bank policies and procedures related to regulatory compliance.
• Perform related duties as required.

Skills

Credit analysis

Relationship building

Analytical skills

Organizational skills

Communication

Decision making

Education

Bachelor's degree or equivalent in specialized coursework

Tools

Spreadsheet software

Job description

COMMERCIAL LOAN OFFICER

Groton, CT

Reports To: Commercial Lending Department Manager

Level: E8

The Commercial Loan Officer is responsible for developing, negotiating terms and servicing commercial loan and account businesses as well as generating and maintaining an effective client base in alignment with the Bank's strategic goals, policies, and procedures. This role focuses on generating new business, deepening existing client relationships, and ensuring sound credit decisions while delivering exceptional service.

The ideal candidate demonstrates strong credit acumen, relationship building skills, and a commitment to supporting the Bank's mission of prudent growth, community engagement, and outstanding customer experience.

Primary Responsibilities

1. Carries out ongoing business development programs to promote the Bank's lending services. Calls on prospective and existing clients to nurture ongoing relationships and to market and cross sell other Bank services.
2. Interviews applicants for commercial C&I and Commercial mortgages and other loans; conducts or coordinates analysis of credit information and approves loans within lending authority. Presents loans above individual authority for approval by the appropriate individual, committee, or Board of Trustees.
3. Serves as Account Officer. Maintains up-to-date records of transactions in conformance with loan policies and provides continuing financial counseling to customers. Monitors the borrower's financial condition on an ongoing basis; reviews financial statements, credit analyses and other information to make an evaluation. Makes recommendations on problem situations including loan workouts.
4. Keeps abreast of regulatory and competitive developments within the area of Commercial Lending. Attends relevant courses and seminars.
5. Promotes the Bank's products and services and maintains active participation in community affairs.
6. Responsible for adhering to bank policies and procedures related to regulatory compliance requirements applicable to the job function.
7. Performs related and unrelated duties as may be required.

Job Requirements

Bachelor's degree or its equivalent in specialized course work and training. Three years of progressively responsible commercial mortgage and business lending experience. Sound credit background. Able to analyze financial statements. Very strong analytical, organizational, communication and decision making skills. Proficient in spreadsheet software.

Chelsea Groton Bank is an Equal Opportunity Employer

EOE/AA/M/F/D/V. Member FDIC