Commercial Loan Officer

Barnowl Advisory Group open roles; Boston (MA); On-site; USD 90,000 - 150,000; Full time

Job summary

Barnowl Advisory Group is seeking a Commercial Loan Officer to develop new client relationships and expand the loan portfolio in Boston, MA. You will manage all phases of the loan process, from application through closing, and work with credit committees and attorneys to move deals forward.

The ideal candidate has 5+ years in commercial lending, expertise in C&I and CRE, and a strong grasp of credit risk, underwriting principles, and regulatory requirements.

Qualifications

• 5+ years of commercial lending experience including C&I and CRE.
• Strong understanding of credit risk and underwriting principles.
• Knowledge of Banking industry and regulatory requirements.
• Bachelor's degree in Business, Finance, and/or Accounting preferred.
• Excellent communication and organization skills.
• Analytical and computer skills including Microsoft Office products and lending programs.
• Proven track record of relationship/portfolio management as well as loan origination.

Responsibilities

• Develop a diverse commercial loan portfolio through actively seeking new business.
• Assist in all phases of the loan life cycle (from application to close) by identifying and evaluating commercial loan opportunities.
• Present and recommend appropriate loans to the Bank's credit committee.
• Compile necessary information needed for underwriters to accurately evaluate the deal.
• Consistently communicate with the borrower and Bank staff throughout the loan process.
• Work with the loan closing team and Bank's attorney to close the loan.
• Meet and exceed annual lending goals set forth by the Bank.
• Understand Bank credit policy as well as regulatory requirements to ensure all loans are in compliance.

Skills

Commercial lending

Credit risk

Banking regulations

Communication

Organization

Analytical skills

MS Office

Loan origination

Relationship management

C&I & CRE lending

Education

Bachelor's degree in Business, Finance & Accounting

Tools

Lending programs

Microsoft Office

Job description

The Commercial Loan Officer is responsible for developing new client relationships to increase the loan portfolio and associated deposit balances.

ESSENTIAL FUNCTIONS

• Develop a diverse commercial loan portfolio through actively seeking new business.
• Assist in all phases of the loan life cycle (from application to close) by:
  • Identifying and evaluating commercial loan opportunities.
  • Present and recommend appropriate loans to the Bank's credit committee.
  • Compile necessary information needed for underwriters to accurately evaluate the deal.
  • Consistently communicate with the borrower and Bank staff throughout the loan process.
  • Work with the loan closing team and Bank's attorney to close the loan.
• Meet and exceed annual lending goals set forth by the Bank.
• Understand Bank credit policy as well as regulatory requirements to ensure all loans are in compliance.

JOB QUALIFICATIONS

• 5+ years of commercial lending experience including both C&I and CRE loans
• Strong understanding of credit risk and sound underwriting principles.
• Strong understanding of the Banking industry and the regulatory requirements associated with it
• Bachelor's degree in Business, Finance, and/or Accounting preferred
• Excellent communication and organization skills.
• Strong analytical and computer skills including Microsoft Office products and lending programs
• Proven track record of relationship/portfolio management as well as loan origination