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Commercial Loan Officer
Location:
Pawtucket, RI
Description:
Coastal1 Credit Union is seeking a Commercial Loan Officer r esponsible for developing strong, low risk commercial relationships while maintaining quality customer service. Develops and manages commercial lending portfolio which meet the established lending requirements and provides maximum profitability to the Credit Union with minimum risk. Responsibilities Manages loan portfolio and business relationships from a small to complex nature. Analyzes financial and related data to determine the current creditworthiness of loan relationships to determine loan status. Monitors loan payments and advances activities in accordance with presented loan documentation and policies. Establishes and negotiates terms under which credit will be extended, including the cost, repayment method and schedule of collateral requirements and documentation. Prepares reports and analysis of credit situations and provides recommendations to SVP of Commercial Lending for loans that need restructuring. Develops and implements strategies to recover principal from borrower where non-performing loans have been identified and implements action plan. Identifies, monitors, and manages risk profile of assigned lending portfolio. Presents to Loan Committee status and updates on the full life cycle of loan to include, loan requests, new loan terms and modifications for restructuring, watch list items and past dues. Develops business by contacting prospects and/or current customers and to maintain and enhance existing portfolio. Establishes and negotiates the terms under which credit will be extended, including the cost, repayment method and schedule of collateral requirements and documentation. Performs all duties in accordance with prescribed regulator compliances guidelines. Performs other duties and projects as assigned. Qualifications: Undergraduate degree required. At least three years of commercial lending experience. Advanced knowledge of related state and federal lending and compliance regulations. Advanced accounting and business financial knowledge with ability to analyze repayment ability, cash flow and commercial financial statement and tax return analysis. Detail oriented with strong analytical, organizational, communication, and interpersonal skills required. Sound judgment and decision-making abilities. Solid multi-tasking and project management skills Ability to handle multiple priorities in a fast paced environment. Working knowledge of word processing and spreadsheet applications. Able to use various types of office equipment including personal computer. Bi-lingual helpful. Founded in 1928 and based in Pawtucket, Coastal1 Credit Union is a growing, member-focused organization serving over 120,000 members. Today, Coastal1 has 17 branches throughout RI, including Bristol, Cranston (2), Cumberland, East Greenwich, East Providence (2), North Kingstown, North Providence, Pawtucket (4), Smithfield, Wakefield, and Warwick (2), along with a loan production office in Foxboro, MA. We are committed to helping members achieve their financial goals. Coastal1 Credit Union is committed to providing the best in products, services, rates and changes in technology for our members convenience and security providing "The smarter way to bank." We are focused on simply being the best overall community financial institution in the markets we serve. EOE/M/F/Vet/Disabled Job Posted by ApplicantPro
Company:
Coastal1 Credit Union
Posted:
December 26 2023 on ApplicantPro
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More About this Listing: Commercial Loan Officer
Commercial Loan Officer is a Accounting & Finance Loan Officer Job at Coastal1 Credit Union located in Pawtucket RI. Find other listings like Commercial Loan Officer by searching Oodle for Accounting & Finance Loan Officer Jobs.
Commercial Loan Officer is a Accounting & Finance Loan Officer Job at Coastal1 Credit Union located in Pawtucket RI. Find other listings like Commercial Loan Officer by searching Oodle for Accounting & Finance Loan Officer Jobs.