Commercial Loan Officer

Northern BankWoburn, MA

$130,000 - $160,000 / year

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Overview

Schedule

Full-time

Career level

Senior-level

Compensation

$130,000-$160,000/year

Job Description

The Commercial Loan Officer is responsible for developing new client relationships primarily in Middlesex County to increase the loan portfolio and associated deposit balances.ESSENTIAL FUNCTIONS

Develop a diverse commercial loan portfolio through actively seeking new business.
Assist in all phases of the loan life cycle (from application to close) by:
- Identifying and evaluating commercial loan opportunities.
- Present and recommend appropriate loans to the Bank’s credit committee.
- Compile necessary information needed for underwriters to accurately evaluate the deal.
- Consistently communicate with the borrower and Bank staff throughout the loan process.
- Work with the loan closing team and Bank’s attorney to close the loan.
Meet and exceed annual lending goals set forth by the Bank.
Understand Bank credit policy as well as regulatory requirements to ensure all loans are in compliance.

JOB QUALIFICATIONS

5+ years of commercial lending experience including both C&I and CRE loans
Strong understanding of credit risk and sound underwriting principles.
Strong understanding of the Banking industry and the regulatory requirements associated with it
Bachelor’s degree in Business, Finance, and/or Accounting preferred
Excellent communication and organization skills.
Strong analytical and computer skills including Microsoft Office products and lending programs
Proven track record of relationship/portfolio management as well as loan origination

The salary range for this position is $130000 - $160000 per year

About Northern Bank & Trust Company

Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of over $3 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).

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FAQs About Commercial Loan Officer Jobs at Northern Bank

What is the work location for this position at Northern Bank?

This job at Northern Bank is located in Woburn, MA, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.

What pay range can candidates expect for this role at Northern Bank?

Candidates can expect a pay range of $130,000 and $160,000 per year.

What employment applies to this position at Northern Bank?

Northern Bank lists this role as a Full-time position.

What experience level is required for this role at Northern Bank?

Northern Bank is looking for a candidate with "Senior-level" experience level.

What is the process to apply for this position at Northern Bank?

You can apply for this role at Northern Bank either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.