Senior Commercial Loan Officer

Description

Presidential Bank is a full-service community and online bank serving customers through branches across the Washington, DC metro area and nationally via a robust, state-of-the-art online platform. As a privately held, entrepreneurial organization, the bank is known for offering highly competitive deposit rates. Washington Consumers' Checkbook magazine has recognized Presidential Bank for having the most reasonable fee policies among banks and savings and loans in the Washington, DC area. The bank's philosophy centers on providing responsive, professional service through local, independent leadership. More information is available at presidential.com.

Major Duties and Responsibilities

• Develop a CRE loan portfolio based upon Bank underwriting standards, while managing the relationships within that portfolio.
• Facilitate providing customary commercial deposit services to customers within the loan portfolio.
• Assess financial requirements and recommend suitable banking products and services to clients and prospective clients.
• Analyze financial statements, business plans, relevant online information, financing requests, and collateral characteristics to assess the viability of credit inquiries received by the Bank.
• Formulate an appropriate financing structure for qualified borrowers, present it to the immediate supervisor for conceptual concurrence, and issue a terms letter.
• Navigate through the loan closing process, coordinating with other Bank personnel and outside counsel as necessary, as well as with the borrower.
• Maintain the credit quality of the portfolio and periodically obtain updated financial information from borrowers; prepare periodic loan review reports; and keep in contact with all borrowers.
• Maintain the proper risk rating of all credits in the portfolio, as well as initiate upgrades or downgrades where appropriate.
• Follow-up on all past due loans and overdrafts, noting and making referrals as appropriate for any problem loans.
• Initiate workouts of substandard credits when needed, working with Bank workout personnel as necessary.
• Track the maturity dates of all loans in the portfolio and prepare timely loan renewals, ensuring no matured loans remain in the portfolio, except where there is a preapproved "strategic" decision to allow the loan to go into maturity.
• Know and understand the Bank's Credit Policy and adhere to this Policy when originating, structuring, and monitoring loans, obtaining approval of any policy exceptions when appropriate.
• Develop expertise in targeted lending geographies and industries to enhance individual competitiveness within the broad marketplace.
• Build effective relationships within different internal departments of the Bank to facilitate an efficient commercial lending process and to provide a prompt and smooth customer experience.
• Perform other projects and duties as assigned.

Requirements

• Bachelor’s Degree in Business Administration or a related field.
• Minimum of 6 years of experience in successful commercial real estate lending through an established and well-performing, self-originated portfolio of customer CRE loans.
• Effective loan origination sales and promotion skills.
• Ability to creatively structure and initially underwrite own originated CRE loans.

Qualifications

Presidential Bank, FSB is an equal opportunity employer. We consider applicants without regard to race, color, religion, creed, gender, national origin, age, disability, genetic information, marital or veteran status, or any other category protected by federal, state or local law. Presidential Bank offers a competitive benefits package that includes paid leave, retirement plans, medical, dental, vision, short- and long-term disability and life insurance.

Benefits

Presidential Bank offers a competitive benefits package that includes paid leave, retirement plans, medical, dental, vision, short- and long-term disability and life insurance.

Pay

$145,000 - $160,000 annually

Schedule

N/A