VP, Commercial Lending Officer

Bank in Jersey City, NJ is seeking a Commercial Lending Vice President!

Responsibilities:

• Develops new business by contacting potential customers.
• Interacts with most important customers to maintain and enhance business relationships
• Monitors delinquencies and evaluates problem loans.
• Analyzes benefits of restructuring or legal collection action that may include foreclosure.
• Negotiates and develops action plans for repayment of problem loans or Implements foreclosure or other form of legal collection action. Estimates financial impact on the Bank.
• Maintains a current knowledge of local and national economic, financial, political and legislative trends.
• Analyzes financial and related data for credit worthiness and merits of loan requests. Establishes terms and approves loans within lending authority or recommends approval to senior management.
• Cross sells Bank products and services.
• Interviews loan applicants.
• Maintains performing commercial loans.
• Determines the possible impact on commercial lending activities.
• Assists in the preparation of monthly, quarterly and annual reports and the forecasting of loan balances.

Qualifications:

• Bachelor Degree
• Master's Degree is a plus
• 10+ years experience working as a Commercial Lender
• Strong C&I, Commercial Real Estate (CRE) and Construction (CON) expertise is required
• Must have the ability to develop and retain C&I CRE & CON loan business
• Must be able to produce assigned loan volume as set annually
• Must ensure and maintain asset quality of loan portfolio
• Formal credit training required
• Local business experience specifically within New Jersey
• Thorough knowledge of lending regulations required
• Excellent written and verbal communication skills with the ability to deal effectively with customers, attorneys, realtors and other financial institutions as well as all levels of Bank personnel