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Job description
Regular Full-Time
nSales
nNewtown, CT, US
nSalary Range: $105,600.00 To $162,600.00 Annually
nLocation: Newtown, CT
nExciting opportunity to lead the growth of commercial lending for a local, community-focused bank! Newtown Savings Bank is seeking a seasoned Commercial Lender to join a high-performing, collaborative commercial lending team with local decision making at a 170 year-old mutually charted community bank with an excellent reputation in the communities we serve. Ideal candidates have a minimum of 10 years of experience in CRE or C&I lending with previous credit experience and a proven track record of business development and loan production.
nCross-sell all banking products to all commercial clients. This position requires a high level of customer service interaction with large commercial borrowers. The Commercial Loan Officer will be based in Newtown, with territory covering targeted markets in CT.
nPRIMARY RESPONSIBILITIES
nnnDevelop a base of qualified prospects that will become full-relationship customers of the bank.
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nnMaintain a calling program on potential or existing customers to develop new business and increase and retain existing business.
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nnRequest and review all pertinent credit and financial information.
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nnDetermine the need for more thorough investigation or additional information and be able to discuss with the borrower.
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nnPerform basic credit analyses of financial information for potential and existing commercial and industrial loans.
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nnPrepare a loan proposal, present facts reflecting the creditworthiness of a loan and/or borrower.
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nnEnsure that all commercial loan credit files are kept current with latest financial statements, memos, agency reports, etc.
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nnPortfolio management which will include monitoring EIP and delinquent accounts, updates on criticized asset reports, memos to the file, risk rating changes and rate reductions.
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nnPresent loan request to appropriate level of authority. Draft and review loan submissions, Letters of Intent, and Commitment letters.
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nnCoordinate and attend loan closings, working with the client and attorneys, as need be.
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n nPOSITION REQUIREMENTS
nnnBachelor’s degree, or 5-7 years of equivalent experience.
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nnMust have previous credit experience, possess proven business development skills and commercial lending knowledge.
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nnStrong negotiation skills and a high proficiency in loan structuring are also required.
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nnThis position requires strong community network activities, as well as recognition in the community.
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n nQUALIFICATIONS
nTo perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
nAny physical demands or work conditions described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
nFull-time employees also receive a complete benefit package including a generous 401(k) with employer match, medical, dental, and vision benefits, paid time off, paid holidays, incentive compensation, and short- and long-term disability programs, and other fringe benefits.
nNewtown Savings Bank is an equal opportunity employer and complies with affirmative action programs for qualified veterans and individuals with disabilities. Newtown Savings Bank shall not discriminate against any employee or applicant for employment based on race, color, religion, gender, age, marital status, national origin/ancestry, sexual orientation, gender identity, disability status, protected veteran status, or any other legally protected status.
Worksite address
newtown, CT, 06470, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.