Commercial Lender
Milford Federal Bank, Milford, MA, United States
Milford Federal Bank is committed to promoting its commercial loan products and services, including deposit, loan, and investment products.
About the Role Under the general direction of the President & CEO, performs a variety of business development, analytical and administrative tasks, all geared toward the promotion of the Bank's commercial loan products and services.
Responsibilities
Responsible for generating new business.
Actively solicits both internal and external referral sources.
Coordinates with retail branch network regarding new referrals.
Plans and implements department loan business development programs, communicates with branch network on any promotional efforts and programs.
Responsible for development of annual business plan and budget.
Manages all credit enhancement programs including State and SBA loan application and approval process, maintains SBA requirements on existing SBA portfolio and relationship with SBA.
Responsible for assigned analysis to include the coordination of Annual Reviews on existing loan relationships.
Responsible for taking independent action on all loan requests and relationships within assigned authority.
Responsible in managing assigned commercial relationships, gathering and analyzing financial information as required, and reporting to management on the quality of the portfolio.
Follows up on commercial delinquencies, insurance cancellations, and other commercial loan servicing issues.
Exercises discretion to protect the Bank's interest in these areas.
Creates and updates necessary reports in order to keep Senior Management abreast of trends within the Commercial Loan Department.
Maintains a network of contacts within the industry to stay abreast of developments within the market.
Monitors and assures compliance with all Bank policies, federal and state statutes.
Participates in industry sponsored associations, seminars and activities to further the Bank's understanding and presence in the market.
Participates in community activities to further the cause of the Community Reinvestment Act (CRA) and increases the Bank's visibility in the market.
Stays current with all lending laws, UCC and other applicable regulations.
Participates in strategic planning, budgeting and new product development at the loan department level.
Member of the Bank’s Commercial Loan Committee.
Responsible for working with external auditors and bank Regulators as needed.
Position requires obtaining a unique identifier to be used on all Mortgage documents originated by the employee and maintaining registration through the Nationwide Mortgage Registry System (NMLS).
Ensure compliance with Bank Secrecy Act, AML, OFAC and USA PATRIOT Act including but not limited to Customer Identification Program, customer due diligence, identifying high risk accounts, understand the due diligence required for lending transactions, and reporting suspicious activities to supervisor or BSA Department.
Assumes related responsibilities as required.
Qualifications
Education equal to a 4-year college degree, preferably in the area of accounting or finance.
Seven years of banking experience, including 5 years of commercial lending/credit analysis.
Computer and software knowledge.
Formal credit training is highly desired.
Extensive knowledge of all aspects of commercial loan documentation.
The ability to conduct in-depth financial analysis as it pertains to a prospective borrower, its related entities, and its owners.
Required Skills
Strong analytical skills.
Ability to work independently and manage multiple tasks.
Preferred Skills
Experience with commercial loan documentation.
Knowledge of lending laws and regulations.
Pay range and compensation package Details regarding pay range or salary or compensation will be provided during the interview process.
Equal Opportunity Statement Milford Federal Bank is committed to diversity and inclusivity in the workplace.
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About the Role Under the general direction of the President & CEO, performs a variety of business development, analytical and administrative tasks, all geared toward the promotion of the Bank's commercial loan products and services.
Responsibilities
Responsible for generating new business.
Actively solicits both internal and external referral sources.
Coordinates with retail branch network regarding new referrals.
Plans and implements department loan business development programs, communicates with branch network on any promotional efforts and programs.
Responsible for development of annual business plan and budget.
Manages all credit enhancement programs including State and SBA loan application and approval process, maintains SBA requirements on existing SBA portfolio and relationship with SBA.
Responsible for assigned analysis to include the coordination of Annual Reviews on existing loan relationships.
Responsible for taking independent action on all loan requests and relationships within assigned authority.
Responsible in managing assigned commercial relationships, gathering and analyzing financial information as required, and reporting to management on the quality of the portfolio.
Follows up on commercial delinquencies, insurance cancellations, and other commercial loan servicing issues.
Exercises discretion to protect the Bank's interest in these areas.
Creates and updates necessary reports in order to keep Senior Management abreast of trends within the Commercial Loan Department.
Maintains a network of contacts within the industry to stay abreast of developments within the market.
Monitors and assures compliance with all Bank policies, federal and state statutes.
Participates in industry sponsored associations, seminars and activities to further the Bank's understanding and presence in the market.
Participates in community activities to further the cause of the Community Reinvestment Act (CRA) and increases the Bank's visibility in the market.
Stays current with all lending laws, UCC and other applicable regulations.
Participates in strategic planning, budgeting and new product development at the loan department level.
Member of the Bank’s Commercial Loan Committee.
Responsible for working with external auditors and bank Regulators as needed.
Position requires obtaining a unique identifier to be used on all Mortgage documents originated by the employee and maintaining registration through the Nationwide Mortgage Registry System (NMLS).
Ensure compliance with Bank Secrecy Act, AML, OFAC and USA PATRIOT Act including but not limited to Customer Identification Program, customer due diligence, identifying high risk accounts, understand the due diligence required for lending transactions, and reporting suspicious activities to supervisor or BSA Department.
Assumes related responsibilities as required.
Qualifications
Education equal to a 4-year college degree, preferably in the area of accounting or finance.
Seven years of banking experience, including 5 years of commercial lending/credit analysis.
Computer and software knowledge.
Formal credit training is highly desired.
Extensive knowledge of all aspects of commercial loan documentation.
The ability to conduct in-depth financial analysis as it pertains to a prospective borrower, its related entities, and its owners.
Required Skills
Strong analytical skills.
Ability to work independently and manage multiple tasks.
Preferred Skills
Experience with commercial loan documentation.
Knowledge of lending laws and regulations.
Pay range and compensation package Details regarding pay range or salary or compensation will be provided during the interview process.
Equal Opportunity Statement Milford Federal Bank is committed to diversity and inclusivity in the workplace.
#J-18808-Ljbffr