Commercial Loan Officer

Pentucket Bank; Stevens Crossing (MA); On-site; USD 110,000 - 150,000; Full time

Job summary

Pentucket Bank seeks an experienced Commercial Lender to attract and manage commercial loans and banking relationships within its footprint. You will analyze financial data, negotiate terms, and cross-sell products to strengthen client partnerships.

Ideal candidates have a strong credit background, excellent communication, and a commitment to community banking and regulatory compliance. Based in Massachusetts, this is an on-site role with local market focus.

Qualifications

• Minimum 5 years in commercial lending and banking.
• Strong knowledge of credit structures and risk assessment.
• Experience with commercial loan, deposit, and treasury products.

Responsibilities

• Prospect and develop new commercial loans and banking relationships.
• Analyze financial data to determine creditworthiness and terms.
• Cross-sell bank products to clients and expand relationships.
• Partner with Portfolio Manager on credit analysis, closing, and risk mitigation.
• Stay compliant with all applicable laws and bank policies.

Skills

Commercial lending

Credit analysis

Relationship building

Regulatory compliance

MS Office

Education

Bachelor's degree (Business preferred)

Tools

Microsoft Office

Job description

Description

Pentucket Bank is a community bank supported by the strength of our shared services organization, River Run, and banking affiliates Newburyport Bank and Rollstone Bank and Trust. Together, we shape the evolution of community banking through innovation and strong partnerships, while preserving the heartfelt service our customers value. Here, you will discover opportunities for professional growth, make a meaningful impact in your local community, and join a team that champions integrity, respect, teamwork, and continuous progress. Start with heart.

The Commercial Lender is responsible for attracting, developing and maintaining new commercial loans, commercial deposit, and commercial banking relationships with individuals, non-profits and businesses within the Bank’s footprint. This position also cross-sells other bank products and services to this targeted client group and represents the Bank within the community.

Essential Job Functions

• Seeks out new business opportunities within the Bank’s defined market areas and participates in business development efforts to attract and retain quality clients; develops and maintains professional relationships with referral sources, including business brokers, accountants, attorneys, and other centers of influence.
• Screens and interviews new loan applicants, collects and analyzes financial and related data to establish creditworthiness, negotiates credit terms when necessary, and monitors loan repayment activities.
• Promotes and sells related Bank financial products and services while working with business partners to expand existing client relationships and acquire new business.
• Partners with the Portfolio Manager to manage all aspects of the loan relationship, including credit analysis and approvals, loan closing, timely completion of credit file commentary, collection of financial information, and proactive identification and mitigation of potential risks.
• Maintains current knowledge of Bank products, services, procedures, policies, and applicable regulatory and compliance requirements through team meetings and required training; ensures adherence to federal and state laws, Bank policies, and requirements including the Bank Secrecy Act (BSA), as applicable to the role.
• Verifies transactions and account balances to ensure accuracy and compliance with Bank policies and applicable regulations, while participating in civic, social, and community relations activities to promote and strengthen the Bank’s presence and reputation.

Requirements

Qualifications, Experience, and Education

• Minimum of 5 years of progressively responsible experience in commercial lending and commercial banking required; bachelor’s degree with a business focus preferred.
• Strong working knowledge of credit structure, Bank policy guidelines, and key factors used to assess credit quality; demonstrated ability to evaluate applicant risk profiles, structure credit appropriately, and actively manage lending risk.
• Strong working knowledge of commercial loan, deposit, and Treasury products; formal sales and/or credit training preferred.
• Proficient in Microsoft Office applications, including Word, Excel, PowerPoint, and related software.
• Highly organized and proactive planner with strong time management, verbal, and written communication skills.

Pentucket Bank is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, ancestry, national origin, gender, sexual orientation, marital status, religion, age, disability, gender identity, results of genetic testing or service in the military.

If you are an individual with a disability and require a reasonable accommodation to complete the application process, you may contact Human Resources at [e-mail] or call 978-462-3136.

The salary range represents an estimate based on market data for this position. Final compensation decisions are made based on experience, skills, and internal equity to ensure fairness and consistency across our organization.