Newburyport Five Cents Savings Bank is hiring a VP Commercial Loan Officer to attract, develop, and maintain commercial banking relationships with individuals, non-profits, and businesses in our market area. You will be responsible for generating new commercial loans and deposits while cross-selling other bank products and representing the Bank positively in the community.
What You'll Do
- Seek out new business opportunities within the bank's defined market areas and participate in business development efforts to attract and retain quality clients.
- Develop and maintain a network of professional relationships and referral sources, including business brokers, accountants, attorneys, and other centers of influence.
- Screen and interview new loan applicants, collect and analyze financial data to establish creditworthiness, and negotiate credit terms while monitoring loan repayment.
- Promote and sell related bank financial products and work with business partners to expand existing client relationships and acquire new ones.
- Work closely with a portfolio manager to manage all aspects of the loan relationship, including credit analysis, approvals, closing, and proactive risk mitigation.
- Verify transactions and account balances, ensuring compliance with bank policies and state and federal regulations, including the Bank Secrecy Act (BSA).
- Participate in civic, social, and community relations activities to promote and strengthen the Bank's image.
What We're Looking For
- Minimum of 5 years of progressively responsible experience in commercial lending and commercial banking.
- Strong working knowledge of appropriate credit structure and key factors of bank policy guidelines for assessing credit quality.
- Demonstrated ability to assess a loan applicant's risk profile and manage credit structure and inherent lending risks.
- Strong working knowledge of commercial loan and deposit/Treasury products.
- Proficient with office software including Word, Excel, and PowerPoint.
- Highly organized and proactive planner with strong time management skills.
- Excellent verbal and written communication skills.
Nice to Have
- A bachelor's degree with a business focus.
- Formal sales and/or credit training.
Technical Stack
- Microsoft Word
- Microsoft Excel
- Microsoft PowerPoint
Team & Environment
Works closely with a portfolio manager.
Benefits & Compensation
- The salary range represents an estimate based on market data. Final compensation decisions are made based on experience, skills, and internal equity.
Newburyport 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.
