What are the responsibilities and job description for the VP, Commercial Loan Officer position at Newburyport Five Cents Savings Bank?
Description
Newburyport Bank is a community bank supported by the strength of our shared services organization, River Run, and banking affiliates Pentucket Bank and Rollstone Bank and Trust. Together, we shape the evolution of community banking through innovation and strong partnerships, while preserving the personalized service our customers value. Here, you will discover opportunities that will guide you along your professional journey, and allows you to make a meaningful impact in your local community, as you join a team that champions integrity, collaboration, and continuous progress. Journey Well!
We are seeking a C&I Commercial Loan Officer to develop commercial business, build client relationships, and manage a commercial loan portfolio while identifying growth opportunities and representing the Bank in the community.
Essential Job Functions
Business Development
- Develops new business within the Bank’s market area and builds referral relationships with professional and community partners.
- Promotes Bank lending, deposit, and other financial products and services to attract and retain quality clients.
- Evaluates loan applicants, analyzes financial information, structures and negotiates credit terms, and monitors repayment.
Portfolio Management
- Manages the Commercial loan portfolio, proactively identifying and mitigating risk while ensuring compliance with Bank policies.
- Partners with Credit and Commercial Administration to prepare loan packages, obtain approvals, coordinate closings, and ensure loan conditions are met.
- Maintains accurate credit files and ensures timely collection and analysis of annual financial information.
Customer Focus
- Participates in civic, social and community relations activities to promote and strengthen the image of the bank within the Bank’s footprint and reasonable proximity.
- Maintains a high visibility profile for the bank within the business and professional communities at large.
Requirements
Qualifications, Education, and Experience
- Minimum 10 years of progressively responsible Commercial Lending and Commercial Banking experience; Bachelor’s degree in business preferred.
- Formal Commercial Credit and/or Sales training preferred.
- Strong knowledge of credit structure, bank lending policies, credit risk assessment, and risk management.
- Strong organizational, planning, time management, and communication skills.
- Proficient in Microsoft Office and Outlook.
- Demonstrated professionalism and maturity when working with customers, employees, vendors, and Board members.
Newburyport Bank is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, ancestry, national origin, gender, sexual orientation, marital status, religion, age, disability, gender identity, results of genetic testing or service in the military.
If you are an individual with a disability and require a reasonable accommodation to complete the application process, you may contact Human Resources at hr@riverrun.com or call 978-462-3136.
The salary range represents an estimate based on market data for this position. Final compensation decisions are made based on experience, skills, and internal equity to ensure fairness and consistency across our organization.
Salary Description
Salary : $98,940 - $187,990