Commercial Lender/VP, West Springfield

Florence Bank is looking for a Commercial Lender to expand the Bank’s commercial lending efforts in western Massachusetts as well as the greater Hartford, Connecticut area.

About the role

Directs, coordinates, and controls departmental activities concerned with the extension of commercial credit at a profit to bank customers in accordance with established policies and procedures.

Responsibilities

• Consistently provides superior professional service to internal and external customers.
• Meets expectations of teamwork, punctuality, and regular, reliable attendance.
• Assists in establishing departmental lending policies and operating procedures that are consistent with overall bank policies and operating objectives.
• Develops and maintains an interest rate structure that harmonizes with overall bank management policies, is competitive, and affords the bank maximum profitability.
• Prepares lending activity reports for bank management and the executive committee of the board of directors.
• Provides general counsel with respect to lending operations.
• Interviews applicants: collects and analyzes financial and related data to establish creditworthiness; establishes and negotiates, when necessary, credit terms and continually monitors customers' creditworthiness and repayment activities.
• Approves loans within established loan authority.
• Develops and manages large and/or complex commercial loan accounts.
• Reviews loan documentation prior to closing for completeness and acceptance by the applicant.
• Ensures timely loan closing and funding activities.
• Manages loan portfolio including renewals, modifications, updated credit analysis, collections, and portfolio monitoring.
• Works with the Senior Commercial Lender and Chief Credit Risk Officer in commercial loan workouts and foreclosures.
• Counsels customers, where possible, regarding business management and financial matters.
• Assists in the department’s business development activities, including the monitoring of the officer call program.
• Personally calls on customers and prospects.

Requirements

• Bachelor's Degree in business administration, finance, or related area.
• Minimum of seven (7) years of progressively increasing responsible commercial lending experience.
• Candidates with established networks in the greater Hartford, Connecticut region are preferred.
• Strong, well-developed interpersonal skills in order to maximize business contacts and develop a working relationship with potential and current commercial loan customers.
• High level of analytical skills to conduct initial commercial loan analyses and monitor the loan’s progress in consideration of, including, but not limited to, market trends, credit/interest rates, and economic conditions.
• Ability to meet with current and potential customers and attend community and networking events during and outside of traditional business hours.
• Valid driver's license with sound driving record and personal transportation available.

Benefits

• 5+ weeks of PTO.
• Medical, dental, and vision benefits upon hire.
• 401K plan with dollar-for-dollar match.
• Profit-sharing bonus after two full calendar years of employment.

Pay

Salary range: \$125,888.00 to \$230,000.00 annually.

Location: West Springfield with a remote work schedule available.