VP, Commercial Loan Officer II

$110,000 - $160,000/Yr

Main Street Bank - Marlborough, MA

Full-time - Mid Level

Hybrid - Marlborough, MA

Credit Intermediation and Related Activities

About the position

The VP, Commercial Loan Officer II is responsible for achieving commercial loan origination goals and deposit growth objectives as outlined in the Bank's Business Plan. This role focuses on acquiring new C&I relationships, managing an existing portfolio of commercial loans, and providing superior service to clients. The position requires effective collaboration with various departments to facilitate sales and ensure compliance with regulatory standards. The role is eligible for a hybrid work arrangement after successful training and proven abilities.

Responsibilities

• Achieve commercial loan origination goals and deposit growth objectives.
• Manage an existing portfolio of commercial loans and provide superior service to clients.
• Acquire new C&I relationships for the bank.
• Conduct interviews with applicants for commercial loans, focusing on understanding client needs.
• Analyze and screen loan requests, presenting them to management when necessary.
• Supervise collection efforts on past due loans in the portfolio.
• Direct and implement business development activities, including prospect calls and attendance at events.
• Handle customer problems and complaints promptly.
• Stay updated on regulatory changes to ensure compliance.
• Maintain thorough knowledge of the bank's loan products and processing procedures.
• Provide a positive working team concept for branch and back-office personnel.
• Meet or exceed established performance standards and objectives.

Requirements

• Bachelor's degree in Business Administration, Accounting, or Finance; MBA preferred.
• 3-5 years of experience in Commercial Lending or related fields, focusing on C&I lending, SBA, and Owner Occupied CRE.
• Knowledge of Commercial Loan structure and commercial credit standards.
• Solid background in financial institution operating policies and procedures, and banking regulations.
• Proficiency in Salesforce and Sageworks (Abrigo) loan processing software is preferred.
• Effective sales techniques with a proven track record of meeting targets and closing sales.
• Broad knowledge in business banking and relationship management.
• Ability to perform credit analysis and make sound conclusions based on financial statement analysis.
• Proficient in Microsoft 365 Suite products.

Nice-to-haves

• Formal Credit training is desirable.
• Strong community ties and a proven track record of sales/business development success.

Benefits

• Hybrid work model eligibility after training.
• Competitive salary range of $110,000.00 - $160,000.00 per year.