Job Openings

Senior Commercial Lender- Marlborough

Job ID: BH320383

Category: Account Representative

Specialty: Accounting & Finance

Senior Commercial Lender- Marlborough

 

 

Must have:

Banking preferred- smaller organization is OK

7 years plus commercial lending

MS office

 

Summary/Objective:

Senior Commercial Lenders are primarily responsible for developing and managing Commercial Member relationships.  Must understand the elements of underwriting Commercial Real Estate and C & I Member Loans to ensure quality credit facilities are proposed for approval consideration.

Essential Functions:

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • The Senior Loan Officer is responsible for larger and more complex commercial transactions. Interaction and communication with existing and prospective Members engaged in Commercial Real Estate and Business along with Centers-of-Influence and other referral sources is essential.  Face-to-Face, telephonic and other forms of communication are required.

  • Engage in Business Development and solicitation activities to attract Member Business Loans, Deposits and other ancillary services. Target audience are medium to large businesses and Commercial Real Estate Developers and Investors with borrowing needs between $1 and $15 Million. Actively involved in instilling and maintaining a positive sales environment through education of products and services.

  • Structure credit terms and conditions (5 C's of credit) of a Member Business Loan within the parameters of Commercial Lending Operation Procedures. Negotiate prospective loan arrangement's terms and conditions with existing/prospective Members.  In concert with Commercial Loan Administrators, prepare Term Sheets evidencing proposed structures for review by existing /prospective Members.  Work with the Credit Team to create a CPS for presentation to Loan Committee.  Make presentations to Loan Committee in support of approval of a credit proposal. Oversee the preparation of the Commitment Letter for the benefit of the existing/prospective Member.

  • Coordinate loan closings with approved legal counsel and Operations personnel that are responsible for loan documentation review. Ensure that all loans are closed in conformance with the approval granted.  Attend closings to represent and sign on behalf of Client.

  • Annual “Net Portfolio Growth” goals will be set each year.

  • Manage a portfolio of Member Business Loan relationships ~ supporting their existing and future business banking needs, assessing their risk profile on an ongoing basis, overseeing the required compliance with Loan Agreements, the collection, review and analysis of required financial information, the completion of Annual Reviews and the validating the individual risk ratings of each loan and relationship.

  • If deterioration is seen in a credit relationship, it is the responsibility of the Senior Commercial Lender to assess the risk and bring it to the attention of Management with recommendations for risk rating adjustments and action steps/plans.

  • Perform other job-related duties as assigned by Managers(s).

 

The Planet Group of Companies is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.