Commercial Lending Officer at Maine Savings Federal Credit Union

Ellsworth, Maine, United States -

Full Time

Start Date

Immediate

Expiry Date

10 Jun, 26

Salary

0.0

Posted On

12 Mar, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Business Development, Underwriting, Loan Structuring, Portfolio Management, Credit Analysis, Financial Analysis, Loan Documentation, Communication, Problem Solving, Accuracy, Timeliness, Microsoft Office Suite, Policy Interpretation, Contract Interpretation, Sales, Service

Industry

Financial Services

Description

Description Join the Maine Savings team as a Commercial Lending Officer! This role is responsible for developing new business, underwriting, structuring, and closing of commercial loans, as well as maintaining and servicing a commercial loan portfolio. What You'll Do: Interviews applicants to determine loan requirements and gathers pertinent information for loan applications. Requests applicant credit reports, background checks, reference checks and other information pertinent to loan applicant's evaluation. Analyzes applicant's financial status, credit, and asset evaluation to determine feasibility of granting a loan, establishes credit limit through written and/or oral assessment. Resolves uncertainties relating to customer application information through inquiries with applicant or creditors. Structure loans within loan policy. Approves loan within specified limits or champions loan opportunities to the credit department and/or Committee for proper approval. Prepares financing proposals consistent with approval for presentation to the applicant Reviews loan documentation prior to closing for completeness and acceptance by the applicant. Ensures timely loan closing and funding activities. Maintains a positive working relationship with customers, bank staff, local professionals, centers of influence, and community organizations. Participate in community and professional organizations and events. Manage loan portfolio including renewals, modifications, updated credit analysis, collections and portfolio monitoring. Uses experience and sound judgment to plan and accomplish goals. Requirements Skills Applicant should be able to exercise good judgment in establishing and maintaining working relationships, problem solving, and be able to deliver a high level of accuracy, focus and timeliness with limited supervision. Strong written and verbal communication skills are required along with a proficiency in Microsoft Office Suite of Programs/Products. Must have the ability to read, analyze, and interpret policies, contracts, credit and financial documents as well as other legal documents as needed. Ability to present, sell and service bank products as well as demonstrate professional knowledge of commercial lending. Strong analytical and mathematical capabilities as well as an understanding of credit underwriting and loan documentation. Qualifications and Education Minimum of 5 years' experience in Commercial lending, with a preference for existing experience within service area preferred. Credit training. Bachelor's Degree in Business Administration or related area. Ability to generate $8-12 million in new loan growth. More about Maine Savings: Maine Savings offers an excellent compensation package as well as the opportunity to thrive in a challenging, fun, and exciting environment. Maine Savings also offers health insurance, dental and vision insurance, 401k with company match, paid holidays, a generous Paid Time Off program, employee referral program, employee discounts, continuing education and student debt relief programs, longevity bonuses and more! Maine Savings is a growing modern financial institution offering members a full range of financial services. With over 38,000 members and over $800,000,000 in assets, Maine Savings is among Maine’s largest credit unions. With 12 branches, nearly 175 employees, and state-of-the-art technology, Maine Savings is committed to providing its members in-person service and modern conveniences. Founded in 1961 by employees of the Bangor and Aroostook Railroad Company, Maine Savings continues to serve its membership as a federally insured not-for-profit credit union. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, or any other characteristic protected by law. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities. This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

Responsibilities

This role involves developing new business, underwriting, structuring, and closing commercial loans, alongside maintaining and servicing an existing commercial loan portfolio. Key duties include interviewing applicants, analyzing financial status, and ensuring timely loan closing and funding activities.