VP of Business and Commercial Lending
Zachary Piper Solutions, hauppauge, ny, United States
Zachary Piper Solutions is currently seeking a VP of Business and Commercial Lending in Hauppauge, NY
Responsibilities for the VP of Business and Commercial Lending:
- Establishes and manages lending objectives, targets, strategies, and practices to achieve organizational financial, growth, and service goals
- Seeks out new business opportunities and develops strategies to expand existing business
- Manages the maintenance and servicing of the existing commercial loan portfolio
- Conducts thorough financial analysis of prospective borrowers, including reviewing income statements, cash flow projections, and credit reports to determine creditworthiness
- Designs customized loan packages based on client needs, including loan amount, interest rates, repayment terms, and collateral requirements
- Evaluates loan applications, assessing risks, and making informed lending decisions within established credit policies
- Monitors existing loan portfolios, reviewing financial updates from borrowers, and taking proactive measures to manage credit risk
- Maintains ongoing communication with clients, addressing concerns, and providing exceptional customer service
Qualifications for the VP of Business and Commercial Lending:
- Minimum of ten years of lending experience with at least five years of management experience
- Knowledge of lending principles and practices; Federal and state lending regulations and requirements, Collections practices, policies and procedures, bankruptcy and automated lending systems
- Proficiency in Microsoft Excel and Word required
- Strong oral/written communication, interpersonal, management, negotiating, analytical, problem-solving, and multitasking skills, and detail orientation required
Compensation for VP of Business and Commercial Lending:
- $250,000 -$275,000 *Depending on Experience
- Cigna Medical, dental, vision, Holidays, 401k, PTO and Sick leave as required by law