Commercial Loan Officer
Manhattan-based commercial bank seeks a Commercial Loan Officer to join our team to underwrite commercial and industrial loans. In this role you will work with bank customers and prospective customers to obtain and process underwriting information for the purpose of evaluating credit opportunities. You will report to the Chief Lending Officer. Salary is commensurate with experience, and standard benefits are available. Job requirements and qualifications are as follows:
Responsibilities:
- Source loan information from customers or their representatives
- Conduct site visits and meet with borrowers
- Draft credit memos per bank's criteria to reflect a detailed understanding of each credit and its inherent strengths and weaknesses
- Ensure work product is completed on a timely basis to support the bank's overall goal of reaching its growth objectives on schedule
- Assist CLO and loan servicing with other deliverables as applicable
Qualifications
- Relevant experience in commercial and industrial underwriting
- Specific experience underwriting business loans, including those involving owner-occupied real estate, term loans and lines of credit (familiarity with SBA is an additional plus)
- Strong understanding of financial statements and cash flow analysis
- Self-motivated team player with deadline oriented work ethic
- Strong interpersonal and verbal and written communication skills
- Superior knowledge of MS Word and Excel
- Willingness to work long hours to ensure the accuracy and quality of work product
- Skilled in negotiating and structuring loan terms
- Highly detailed oriented
If you have the required experience and are eager to join an entrepreneurial team and a company with strong growth prospects, please send cover letter and resume to: hr@banksavoy.com.
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