Needham Bank - Needham, MA
posted 2 days ago
Full-time
Needham, MA
Credit Intermediation and Related Activities
About the position
Responsible for ongoing portfolio management in the C&I Lending area as well as managing and growing a portfolio of C&I clients with loan and non-loan related business.
Responsibilities
- Support the growth and development of an assigned C&I portfolio, effectively managing clients with loan and non-loan products
- Complete or review credit analyses on existing and prospective loan accounts
- Write detailed narrative reports regarding the relationship, including the history of the relationship, a review of financial data, collateral coverage, ability to service debt and the risks associated with the credit
- Identify relationships requiring updated financial and related information, and prepare customer correspondence related to timely collection for ongoing monitoring
- Review personal and business financial statements, tax returns and other pertinent financial information
- Prepare various written loan reports including: loan presentations, loan modifications, and credit file comments as needed in accordance with the Bank's loan policy and procedures and state and federal banking regulations
- Recommend appropriate loan risk rating
- Review loans for covenant compliance
- Assist C&I team lenders with customer inquiries and servicing requests
- Serve as the back-up for C&I Lenders on the team when they are out of the office
- Monitor overall C&I loan portfolio exposure for maturities, delinquencies, DDA overdrafts and overall changes in credit situations
- Oversee monthly borrowing base borrowers
- Participate on Bank task forces and committees as needed
- Represent the Bank at various community functions
- Perform additional duties as requested, needed or assigned
Requirements
- Superior customer service skills
- Excellent financial analytical skills with sound judgment and decision making abilities
- Strong written and verbal English communication skills and ability to interact with all levels of management, peers and customers
- Extensive knowledge of personal/business financial statements and tax returns
- Solid knowledge of financial institution policies and procedures
- Strong knowledge of C&I lending practices and related areas
- Ability to organize and prioritize to meet deadlines
- Good time management skills and ability to handle multiple projects
- Working knowledge of Microsoft office applications
- Reliable, self-starter and highly self-motivated
- Ability to adhere to Needham Bank's Core Values (Focus on Customer Relationship, Embrace Change, Work as a Team, Be an Asset to Your Community, Always Learn, and Do the Right Thing)
Nice-to-haves
- Two to four years' bank credit experience or related bank experience in C&I underwriting and analyzing business financial statements and tax returns is preferable
- Strong knowledge of Federal and State banking regulations
Benefits
- Fully paid medical and dental insurance
- HRA
- 401(k) plan with an 8% bank match
- Paid time off (PTO)
- Paid holidays
- Bonus program
- Flexible spending accounts
- Vision service plan
- Group term life insurance
- Short and long term disability insurance
- Tuition reimbursement
- Employee Assistance Program
