Commercial Loan Officer
Company Name:
ACG Resources, LLC /Adams Consulting Group,
Department: Commercial Lender
Reports To: SVP & Team Leader
Location: Montville
GENERAL DESCRIPTION OF POSITION
Develop commercial loan requests from existing customers, centers of influence and other sources. Prepare and present loan offerings to designated levels of authority. Monitor and maintain relationships to insure timely loan repayment, receipt of required financial updates, detection of potential problems and opportunities for additional business. Refer and/or cross-sell other bank services.
ESSENTIAL DUTIES AND RESPONSIBILITIES
1. Develop business opportunities through customer, professional and organizational contacts. This duty is performed daily about 30% of the time.
2. Follow up with customers as necessary for timely receipt of financial information. This duty is performed weekly, about 10% of the time.
3. Understand, structure and present loan requests to optimize the r return to the bank. This duty is performed daily, about 20% of the time.
4. Review loan documentation for correctness, attend loan closings and follow up on missing or exception items. This duty is performed weekly, about 2 % of the time.
5. Monitor delinquencies, overdrafts and financial indicators of potential loan repayment problems. This duty is performed daily, about 20% of the time.
6. Perform any other related duties as required or assigned.
EDUCATION AND EXPERIENCE
Broad knowledge of such fields as accounting, marketing, business administration, finance, etc.
Equivalent to a four-year college degree,
6 years of related experience and/or training, and 4 years related management experience or equivalent combination of education and experience.
SOFTWARE SKILLS REQUIRED
Advanced: Accounting
Intermediate: Contact Management, Database, Presentation/PowerPoint, Spreadsheet, and Word Processing/Typing
ADDITIONAL INFORMATIONAL
Four-year college degree in business or finance
JOB REQUIREMENTS
Must have 7 to 10
years of Commercial loan experience handling owner occupied real estate and C&I.
Candidate must have a BA in business, accounting or finance .
Familiarity with Morris, Passaic and northern Essex counties market
Knowledge and understanding of Credit evaluation, underwriting skills and presenting loans in the $500,000 to $15,000,000 range required.
Must have the ability to analyze complex financial statements, tax returns and perform cash flow analysis.
Must have good Business Development, marketing, interpersonal, and verbal communication skills.
Must have proficiency with PCs and its applications including Microsoft Word and Excel.
Must be Bondable
Estimated Salary: $20 to $28 per hour based on qualifications.
ACG Resources, LLC /Adams Consulting Group,
Department: Commercial Lender
Reports To: SVP & Team Leader
Location: Montville
GENERAL DESCRIPTION OF POSITION
Develop commercial loan requests from existing customers, centers of influence and other sources. Prepare and present loan offerings to designated levels of authority. Monitor and maintain relationships to insure timely loan repayment, receipt of required financial updates, detection of potential problems and opportunities for additional business. Refer and/or cross-sell other bank services.
ESSENTIAL DUTIES AND RESPONSIBILITIES
1. Develop business opportunities through customer, professional and organizational contacts. This duty is performed daily about 30% of the time.
2. Follow up with customers as necessary for timely receipt of financial information. This duty is performed weekly, about 10% of the time.
3. Understand, structure and present loan requests to optimize the r return to the bank. This duty is performed daily, about 20% of the time.
4. Review loan documentation for correctness, attend loan closings and follow up on missing or exception items. This duty is performed weekly, about 2 % of the time.
5. Monitor delinquencies, overdrafts and financial indicators of potential loan repayment problems. This duty is performed daily, about 20% of the time.
6. Perform any other related duties as required or assigned.
EDUCATION AND EXPERIENCE
Broad knowledge of such fields as accounting, marketing, business administration, finance, etc.
Equivalent to a four-year college degree,
6 years of related experience and/or training, and 4 years related management experience or equivalent combination of education and experience.
SOFTWARE SKILLS REQUIRED
Advanced: Accounting
Intermediate: Contact Management, Database, Presentation/PowerPoint, Spreadsheet, and Word Processing/Typing
ADDITIONAL INFORMATIONAL
Four-year college degree in business or finance
JOB REQUIREMENTS
Must have 7 to 10
years of Commercial loan experience handling owner occupied real estate and C&I.
Candidate must have a BA in business, accounting or finance .
Familiarity with Morris, Passaic and northern Essex counties market
Knowledge and understanding of Credit evaluation, underwriting skills and presenting loans in the $500,000 to $15,000,000 range required.
Must have the ability to analyze complex financial statements, tax returns and perform cash flow analysis.
Must have good Business Development, marketing, interpersonal, and verbal communication skills.
Must have proficiency with PCs and its applications including Microsoft Word and Excel.
Must be Bondable
Estimated Salary: $20 to $28 per hour based on qualifications.
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