Location: Fair Lawn,NJ, USA
Summary: Develops new business relationships. Analyzes and underwrites the most complex and/or largest dollar value commercial loans, most of which involve important customers. Approves loans within established guidelines and lending authority. Maintains portfolio of existing customer relationships. May provide guidance to less experienced commercial lenders.
Job Responsibilities:
* New Business
* Develops new business by contacting potential customers and following up on leads.
* Cross sells Bank products and services.
* Relationship Management
* Interviews loan applicants.
* Analyzes financial and related data for credit worthiness and merits of loan requests.
* Establishes terms and approves loans within lending authority or recommends approval to senior management.
* Informs customers of Bank decisions.
* Maintains performing commercial loans.
* Interacts with most important customers to maintain and enhance business relationships.
* Credit Review & Restructuring
* Monitors delinquencies and evaluates problem loans.
* Analyzes benefits of restructuring or legal collection action that may include foreclosure.
* Negotiates and develops action plans for repayment of problem loans or implements foreclosure or other form of legal collection action.
* Estimates financial impact on the Bank.
* Reporting
* Assists in the preparation of monthly, quarterly and annual reports and the forecasting of loan balances.
* Job and Industry Knowledge
* Maintains a current knowledge of local and national economic, financial, political and legislative trends. Determines the possible impact on commercial lending activities.
* Other Responsibilities
* Performs other duties as assigned.
Job Requirements:
* Unless determined otherwise by the Bank, applicants should be in their current position for at least one year to apply.
* Bachelor Degree in Finance, Accounting, Economics or Business related field. Master's degree in finance, business or economics preferred.
* Minimum of 10 years' experience as a Commercial Lender.
* Formal credit training required.
* Local business experience specifically Northern NJ with potential market expansion.
* Strong Commercial Real Estate (CRE) and Construction (CON) expertise is required.
* Must have the ability to develop and retain CRE & CON loan business.
* Must be able to produce assigned loan volume as set annually.
* Must ensure and maintain asset quality of loan portfolio.
* Excellent decision making and problem-solving abilities.
* Thorough knowledge of lending regulations required.
* Excellent written and verbal communication skills with the ability to deal effectively with customers, attorneys, realtors and other financial institutions as well as all levels of Bank personnel.
* History of community involvement through volunteerism and/or representation with charitable organizations.
* Excellent organizational, follow-up and time management skills
Columbia Bank and its affiliates is an Equal Opportunity Employer
Affirmative Action Employer/Males/Females/Protected Veterans/Individuals with Disabilities