Loan Officer

Commonwealth Business Bank - Fort Lee, NJ

Full-time - Entry Level

Fort Lee, NJ

Credit Intermediation and Related Activities

About the position

This position underwrites and processes new loan requests and services the existing portfolio and its management.

Responsibilities

• Supports credit lending decisions by analyzing commercial loan requests, underwriting, structuring, and the closing of commercial loans.
• Responsible for creation of financial spreadsheets and assessing borrower's cash flow utilizing personal and business tax returns.
• Ensures all information is accurate and complete, following all guidelines, policies and procedures, and regulations.
• Document collection directly from Borrower or in conjunction with BM/RM.
• Engages Appraisal/Environmental/Title as needed.
• Collects and analyzes 3rd party reports such as UCC, Experian, Corp Search, etc.
• Timely collection of financial and other ticker updates.
• Timely performance of site visitation.
• Communicates and works effectively with the back end of operations, i.e. the Note Department, to complete the booking process of loans and perform any additional requests from the borrower.
• Possesses advance knowledge of personal and business financial statements and tax returns to assess a company or borrower's financial standing.
• Responsible for managing accounts for new and existing clients including delinquent status loans, effectively managing the loan process from origination through booking.
• Complies fully with all Bank policies and procedures as well as all regulatory requirements.

Requirements

• Intermediate knowledge on credit analysis
• Ability to work on multiple loans simultaneously
• Excellent time management
• Working knowledge of Microsoft Office
• Effective written, verbal and organizational skills and meticulous attention to detail

Benefits

• Medical Insurance
• Dental Insurance
• Vision Insurance
• Life Insurance
• 401k retirement savings plan
• Paid federal holidays