Commercial Loan Officer (C&I)

Rockland Trust - Providence, RI

Full-time - Mid Level

Providence, RI

Credit Intermediation and Related Activities

About the position

As a Commercial Loan Officer (C&I) at Rockland Trust, you will be part of a highly supportive branch network that offers competitive products and pricing, along with strong local operational support to help you achieve your business development objectives. Your primary responsibility will be to develop and service a wide variety of secured and unsecured loans or lines of credit, which often involve large amounts of money and significant customers. You will attend to the needs of customers seeking loans or lines of credit, particularly those involving substantial unsecured funds or credit secured by mortgages or other collateral. In this role, you will interview applicants to gather information about their businesses, needs, desires, abilities, and earnings to assess whether a loan may be an acceptable risk. You will guide the credit department or junior officers in the development and analysis of financial background data for new or renewed loans. Additionally, you will make decisions on loans and terms within established lending limits or make recommendations to a superior when necessary. It will be your responsibility to follow current loans and credit lines to ensure compliance with terms and to provide financial advice and counsel to customers and prospective customers. You will also study industrial, commercial, and financial situations related to new or existing businesses, making recommendations on financial and organizational structure, locations, and other matters based on the company's information. Participation with senior officers on larger loans and lines will be expected, and you will need to keep informed about the status of loans in the department. Furthermore, you will be required to call on potential or existing customers to develop new business and increase or retain existing business.

Responsibilities

• Develop and service a wide variety of secured and unsecured loans or lines of credit.
• Attend to the needs of customers seeking loans or lines of credit on significant amounts of unsecured funds or collateral.
• Interview applicants to gather information about their businesses, needs, desires, abilities, and earnings.
• Guide the credit department or junior officers in the development and analysis of financial background data for loans.
• Make decisions on loans and terms within established lending limits or recommend to a superior.
• Follow current loans and credit lines to ensure compliance with terms.
• Provide financial advice and counsel to customers and prospective customers.
• Study industrial, commercial, and financial situations related to businesses.
• Make recommendations on financial and organizational structure, locations, and other matters.
• Participate with senior officers on larger loans and lines.
• Keep informed about the status of loans in the department.
• Call on potential or existing customers to develop new business and retain existing business.

Requirements

• At least five years of commercial lending experience, ideally in the local market.
• Strong credit skills and a record of success in developing, maintaining, and closing new business.
• Understanding and experience working with credit documentation.
• Ability to perform general office duties, including maintaining supplies and distributing communications.
• Demonstrated ability to review and evaluate documentation for risk.
• Related experience with regulatory compliance and due diligence requirements.
• Strong organizational, reasoning, and communication skills.
• Self-motivated and independent with the ability to multitask and meet critical deadlines.
• PC skills including Word, Excel, and PowerPoint.

Nice-to-haves

• Ability to utilize deductive and inductive reasoning to solve problems.
• Ability to understand new information and apply it for future problem-solving and decision-making.

Benefits

• Competitive compensation with performance incentive awards.
• Health Insurance.
• Dental Insurance.
• 401K and DC Plan for retirement.
• LTD & Life Insurance.
• Vacation Time.
• Day Care Reimbursement.
• Tuition Assistance for graduate and undergraduate programs.
• Award Winning Wellness program.