Commonwealth Business Bank
Loan Officer
Commonwealth Business Bank, Fort Lee, New Jersey, us, 07024
POSITION OVERVIEW
This position underwrites and processes new loan request and services existing portfolio and its management
POSITION RESPONSIBILITIES
* Supports credit lending decisions by analyzing commercial loan requests, underwriting, structuring, and the closing of commercial loans. Responsible for creation of financial spreadsheets and assessing borrower's cash flow utilizing personal and business tax returns* Ensures all information is accurate and complete. All guidelines, policies and procedures, and regulation are to be followed* Document collection directly from Borrower or in conjunction with BM/RM* Engages Appraisal/Environmental/Title as needed* Collects and analyzes 3rd party reports such as (UCC, Experian, Corp Search, etc)* Timely collection of financial and other ticker updates* Timely performance of site visitation* Communicates and works effectively with the back end of operations, i.e. the Note Department, to complete the booking process of loans and perform any additional requests from the borrower (loan disbursements, set up automatic payments, etc.)* Possesses advance knowledge of personal and business financial statements and tax returns in order to assess a company or borrower's financial standing. This includes applying according to finance principals to further analyze and draw conclusions on their ability to cover loan payments* Responsible for managing accounts for new and existing clients including delinquent status loans, effectively managing the loan process from origination through booking* Other duties may be assigned* Complies fully with all Bank policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Anti Money Laundering, Code of Conduct, and etc.). Must complete all required training
SKILLS / QUALIFICATIONS
* Intermediate knowledge on credit analysis* Ability to work on multiple loans simultaneously* Excellent time management* Working knowledge of Microsoft Office* Effective written, verbal and organizational skills and meticulous attention to detail
EDUCATION / EXPERIENCE
* Bachelor's degree from accredited 4-year University* Minimum of 1-3-years of lending experience required
We offer a competitive total rewards package, including but not limited to Medical, Dental, Vision, and Life Insurance, 401k retirement savings plan, and paid federal holidays, for this full-time position. Annual pay ranges are determined based on qualifications, level, and location. Exact compensation may vary based on your skills and experience.
Must be authorized to work in the US.
We are an Equal Opportunity Employer. All applicants will receive consideration for employment without regard to race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender identity, gender expression, genetic information, or military or Veteran status, or any other characteristic protected by law.
This position underwrites and processes new loan request and services existing portfolio and its management
POSITION RESPONSIBILITIES
* Supports credit lending decisions by analyzing commercial loan requests, underwriting, structuring, and the closing of commercial loans. Responsible for creation of financial spreadsheets and assessing borrower's cash flow utilizing personal and business tax returns* Ensures all information is accurate and complete. All guidelines, policies and procedures, and regulation are to be followed* Document collection directly from Borrower or in conjunction with BM/RM* Engages Appraisal/Environmental/Title as needed* Collects and analyzes 3rd party reports such as (UCC, Experian, Corp Search, etc)* Timely collection of financial and other ticker updates* Timely performance of site visitation* Communicates and works effectively with the back end of operations, i.e. the Note Department, to complete the booking process of loans and perform any additional requests from the borrower (loan disbursements, set up automatic payments, etc.)* Possesses advance knowledge of personal and business financial statements and tax returns in order to assess a company or borrower's financial standing. This includes applying according to finance principals to further analyze and draw conclusions on their ability to cover loan payments* Responsible for managing accounts for new and existing clients including delinquent status loans, effectively managing the loan process from origination through booking* Other duties may be assigned* Complies fully with all Bank policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Anti Money Laundering, Code of Conduct, and etc.). Must complete all required training
SKILLS / QUALIFICATIONS
* Intermediate knowledge on credit analysis* Ability to work on multiple loans simultaneously* Excellent time management* Working knowledge of Microsoft Office* Effective written, verbal and organizational skills and meticulous attention to detail
EDUCATION / EXPERIENCE
* Bachelor's degree from accredited 4-year University* Minimum of 1-3-years of lending experience required
We offer a competitive total rewards package, including but not limited to Medical, Dental, Vision, and Life Insurance, 401k retirement savings plan, and paid federal holidays, for this full-time position. Annual pay ranges are determined based on qualifications, level, and location. Exact compensation may vary based on your skills and experience.
Must be authorized to work in the US.
We are an Equal Opportunity Employer. All applicants will receive consideration for employment without regard to race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender identity, gender expression, genetic information, or military or Veteran status, or any other characteristic protected by law.