VP Commercial Banking Officer at COASTAL1 CREDIT UNION

Pawtucket, Rhode Island, United States -

Full Time

Start Date

Immediate

Expiry Date

01 Mar, 26

Salary

0.0

Posted On

01 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Commercial Banking, Lending, Construction Project Management, Credit Analysis, Financial Analysis, Relationship Management, Negotiation, Problem Solving, Data Analysis, Team Collaboration, Confidentiality, Communication, Regulatory Compliance, Portfolio Management, Customer Service, Bilingual Communication

Industry

Banking

Description

Coastal1 Credit Union is seeking a VP Commercial Banking Officer whose, under the direction of the SVP - Commercial Banking Manager (“CBM”), primary responsibilities include revenue generation from commercial business development sales efforts that are mainly centered on products and services for business Members located throughout Coastal1’s Trade Area. This role proactively manages, either directly or through the collaborative efforts of others within Commercial Banking, an assigned portfolio of the larger, more complex business Member relationships at Coastal1, as their primary advisor. Works collaboratively with others on the Commercial Banking team to structure, negotiate and assist with the underwriting of credit transactions that meet the Member’s needs and are consistent with the credit quality standards and operational requirements of Coastal1. Focuses on enhancing Member relationships with other Coastal1 products and services. This role requires ON SITE availability in Pawtucket, RI. Education & Qualifications * Bachelor’s degree from a four-year college or university in business, accounting, finance, or related field required. * At least 7 to 10 years demonstrated successful work-related experience in all aspects of commercial banking and particularly lending, including construction project management experience. * Completion of a formal corporate Commercial Loan Officer Development program preferred * Experience with CRE, C&I, C&D project financing, and SBA guaranty program parameters is desirable * Working knowledge of MS Office, FiServ’s DNA, Credit Quest’s Credit Manager and Financial Analyzer is desirable * Strong analytical and quantitative skills. Proven ability to gather and analyze data and information * The ability to speak and write clearly to effectively convey information so that others understand and as appropriate for the needs of the audience. * High reasoning skills, including the ability to define problems, collect data, establish facts, and draw valid conclusions. * Ability to maintain a positive and upbeat Credit Union image. * Demonstrated ability to handle confidential and sometimes controversial information securely. * Established ability to work collaboratively across all levels and functions of the credit union to coordinate solutions. * Ability to work independently and as a team member, but with minimal supervision * Bi-lingual communication skills are advantageous but not required Founded in 1928 and based in Pawtucket, Coastal1 Credit Union is a growing, member-focused organization serving over 130,000 members. Today, Coastal1 has 19 branches throughout RI and MA, including Bristol, Cranston (2), Cumberland, East Greenwich, East Providence (2), Johnston, North Kingstown, North Providence, Pawtucket (3), Providence, Smithfield, Wakefield, Warwick (2), and North Attleboro, along with a loan production office in Foxboro, MA. We are committed to helping members achieve their financial goals. Coastal1 Credit Union is committed to providing the best in products, services, rates and changes in technology for our members convenience and security providing "The smarter way to bank." We are focused on simply being the best overall community financial institution in the markets we serve. Coastal1 offers competitive pay and great benefits including medical, dental and vision for you and your dependents. In addition, we offer paid time off to promote work/life balance, on-site fitness center, 401(k) with a company match, employee homebuyer assistance, plus much more! Job Duties 1. Understands Members’ businesses, strategic objectives, operational priorities, and financial positions within the context of individual deals and Associated Member relationships to confidently build effective, trust-based relationships with them and provide Coastal1 products/services solutions that are most appropriate for their situations. 2. Screens credit requests based on the credit quality standards and strategic objectives of Coastal1. Prepares credit proposals, either directly or through the collaborative efforts of others, by gathering pertinent due diligence material to support approval recommendations to Senior Management, Loan Committee or the Board of Directors. This may include the formation of “Deal Discussion Memos” and “Term Sheets” that are vetted by appropriate Commercial Banking personnel as part of the extension of credit’s initial vetting and sales process. Negotiate terms, structures debt financing based on risk considerations and make presentations of approval recommendations to the appropriate levels of Coastal1’s required authorities. 3. Meets with Members or prospective Members to obtain information; compiles and analyzes data for extension of credit requests and share with others in Commercial Banking for preparation of financial analysis and other approval recommendations. 4. Collaborate with others to prepare written Commercial Loan Analysis (CLAs) for new extensions of credit or for review, renewal or modification of existing credit facilities, or Member relationships. In these processes, the position helps to identify trends and evaluate performance to assess credit risks, or to ensure compliance with respective governing documentation, Coastal1 policies or procedures, or applicable regulations or laws. 5. Monitors the assigned credit relationships through periodic reviews and analysis, either directly or through the collaborative efforts of others, to always ensure extensions of credit are properly documented for covenant compliance as well as safety and soundness, and proper credit risk grades are assigned to them. The assigned portfolio of business Members may include Investment Commercial Real Estate, Housing Credits, Owner-Occupied Real Estate, Development & Construction projects, Business Lines of Credit, Term Loans, Equipment Loans, Government Guaranteed Loans, etc. Effective Member portfolio management includes information collection efforts when needed, credit file maintenance, site visits and loss mitigation efforts when applicable. 6. Directly or through collaborative efforts with Business Banking Services’ or Retail Banking partners, responsible for incremental revenue generation from both credit and non-credit opportunities of existing Member and new prospective Member relationships. Coastal’1 products and services must be tailored solutions for the Member or Prospective Member’s identified objectives. 7. Creates awareness of Coastal1 and its products and services, through consistent engagement in civic activities and networking with centers-of-influence and leaders in the communities Coastal1 serves. 8. Maintain technical and professional knowledge by attending education training, obtaining relevant professional certifications, establishing personal networks, participating in professional associations, and staying informed of legal, policy and procedural changes relating to commercial banking. 9. Performs all duties in accordance with prescribed regulatory compliance guidelines. 10. Other duties assigned by the CBM. Equal Opportunity Employer

Responsibilities

The VP Commercial Banking Officer is responsible for revenue generation through commercial business development and managing complex business Member relationships. This role involves structuring, negotiating, and assisting with underwriting credit transactions while enhancing Member relationships with Coastal1 products and services.