Commercial Loan Officer (onsite)

About the role

Newtown Savings Bank is seeking a seasoned Commercial Lender to join a high-performing, collaborative commercial lending team. The position is based in Newtown, CT, with a focus on targeted markets in Connecticut.

Responsibilities

• Develop a base of qualified prospects that will become full-relationship customers of the bank.
• Maintain a calling program on potential or existing customers to develop new business and increase and retain existing business.
• Request and review all pertinent credit and financial information.
• Determine the need for more thorough investigation or additional information and be able to discuss with the borrower.
• Perform basic credit analyses of financial information for potential and existing commercial and industrial loans.
• Prepare a loan proposal, present facts reflecting the creditworthiness of a loan and/or borrower.
• Ensure that all commercial loan credit files are kept current with latest financial statements, memos, agency reports, etc.
• Portfolio management which will include monitoring EIP and delinquent accounts, updates on criticized asset reports, memos to the file, risk rating changes and rate reductions.
• Present loan request to appropriate level of authority.
• Draft and review loan submissions, Letters of Intent, and Commitment letters.
• Cook up and attend loan closings, working with the client and attorneys, as needed.

Requirements

• Bachelor’s degree, or 5-7 years of equivalent experience.
• Must have previous credit experience, possess proven business development skills and commercial lending knowledge.
• Strong negotiation skills and a high proficiency in loan structuring are also required.
• This position requires strong community network activities, as well as recognition in the community.

Qualifications

• To perform this job successfully, an individual must be able to perform each essential function satisfactorily.
• The requirements listed above are representative of the knowledge, skill, and/or ability required.
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Benefits

Full time employees also receive a complete benefit package including a generous 401(k), medical benefits, paid time off, and short- and long-term disability programs.

Pay

Details about pay are not specified in the job posting.

Schedule

Details about the schedule are not specified in the job posting.