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Commercial Loan Officer - Northern NJ

Company: Unity Bank
Location: Emerson
Posted on: June 7, 2021

Job Description:

Position Summary:

  • The Commercial Loan Officer (LO) is responsible for sourcing new commercial relationships for the bank primarily in the Northeastern NJ market (Bergen, Passaic, Essex, Hudson, Morris counties). LO will facilitate the opening and/or approval of loan and deposit business from the same and subsequently manage customer and bank needs. LO is expected to cultivate new relationships through active networking and calling efforts with local centers of influence such as, but not limited to former and existing customers, accountants, attorneys and brokers.

Essential Functions:

  • Responsible for the initial screening and evaluation of potential commercial loan transactions, including site visits;
  • Evaluate and structure loan requests balancing Unity's credit philosophy with the applicant's requests;
  • Prepare and submit to the credit department, a substantial deal memorandum on all new deals detailing key points including the request, cash flows, collateral details and guarantor analysis, along with all other required financial documents from the borrower;
  • Responsible for accuracy of all content in the loan proposal;
  • Present loan proposal to senior management and/or executive loan committee;
  • Assist the credit and closing departments in obtaining required documentation to facilitate timely closings;
  • Cross-sell other Unity Bank products and business partner services;
  • Monitor and report assigned loan portfolio activity to senior management as required by Unity Bank policy and procedures;
  • Responsible for ongoing monitoring of financial performance including renewals and any necessary memos;
  • Complete other reporting requirements as directed by senior management;
  • Assist other areas (ex. Collections, Retail) of Unity Bank regarding assigned loan portfolio as directed by senior management.

Job Specifications:

  • Knowledge of commercial lending parameters is essential
  • Must be self-motivated and able to work independently
  • Must be able to demonstrate proven track record of successful loan commercial loan originations
  • Must be able to cross-sell banking products
  • Must be willing and able to travel locally
  • Must be willing to work extended hours as necessary to attend evening business functions

Education/Experience Required:

  • College degree, preferred
  • Formal bank credit training, preferred, credit skills are a must.
  • Must have a minimum of five (5) years commercial lending experience.

Knowledge, Skills and Abilities:

  • Strong oral and written communication skills.
  • Ability to manage customer and internal management expectations.
  • Technology proficient i.e. able to adopt and embrace new technology readily.
  • Good working knowledge of Microsoft Word and Excel.
  • Knowledge of FISERV and/or Abrigo is a plus.
  • Must have a solid understanding of base accounting and cash flow principles as relate to structuring and analyzing commercial credit worthiness.
  • Ability to effectively present information and respond to inquiries
  • Ability to apply common sense understanding to carry out written and oral instructions.
  • Ability to effectively handle multiple tasks and meet deadlines
  • Other office machines (i.e. fax, copier, printer)

Keywords: Unity Bank, Tenafly , Commercial Loan Officer - Northern NJ, Other , Emerson, New Jersey

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