Commercial Loan Officer

Wainwright Talent Partners; Boston (MA); On-site; USD 90,000 - 130,000; Full time

Job summary

Wainwright Talent Partners seeks a Commercial Loan Officer to develop new client relationships and expand the loan portfolio with associated deposit balances.

The role requires actively pursuing new business, guiding loans through the lifecycle, and ensuring adherence to credit policy and regulatory standards while achieving annual lending goals.

Qualifications

• 5+ years of commercial lending experience including C&I and CRE loans
• Strong understanding of credit risk and sound underwriting principles
• Strong understanding of the Banking industry and regulatory requirements
• 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

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, presenting and recommending loans to credit committee, compiling information for underwriters, and maintaining borrower communication throughout the 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 and regulatory requirements to ensure all loans are compliant.

Skills

Commercial lending

Credit underwriting

Relationship management

Communication

Microsoft Office

Education

Bachelor's degree in Business/Finance/Accounting

Tools

Lending software

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