Commercial Loan Manager jobs in Massachusetts
Commercial Loan Manager manages a team of commercial loan officers to build commercial loan business within a designated market. Provides operational guidance to loan officers and approves requests for loans beyond the officers' approval limits. Being a Commercial Loan Manager may personally handle the most complex loans and most difficult credit approvals. Adheres to all regulatory requirements and internal risk and operating policies and procedures. Additionally, Commercial Loan Manager builds a high-performance lending team with individual mentoring, coaching, and professional development opportunities. Typically requires a bachelor's degree. Typically reports to a director. The Commercial Loan Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Commercial Loan Manager typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
Recently Added Commercial Loan Manager jobs
Commercial Loan Portfolio Manager
- Reading Cooperative Bank
-
Reading, MA
FULL_TIME
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Position Summary
We are looking for a Portfolio Loan Officer who will be responsible for managing a part of the Commercial Lending portfolio which may include commercial real estate loans, construction loans, C&I loans, lines of credit, terms loans, etc., while adhering to the Bank’s credit policy. The Portfolio Loan Officer will review and recommend approval of requisitions, site inspections, loan monitoring, and collection of overdue accounts. They will have sound credit skills, and exercise discretion and independent judgment in their decision making. The candidate will also be responsible for interim monitoring of covenants, borrowing base certificates and other conditions of credit.
This position is jointly responsible with the Relationship Managers for effectively interacting with clients to enhance their relationship with the Bank.
Essential Duties And Responsibilities- Manage and report on assigned loan portfolio, ensuring optimal performance by assisting in collecting financials, monitoring relationships, etc.
- Conduct ongoing financial and collateral performance monitoring, including financial statement preparation, modeling, and analysis as needed.
- Assist the credit department in the preparation of annual reviews for existing customers, providing in-depth financial and risk assessments.
- Analyze financial statements to identify strengths and weaknesses in borrowers' operating performance.
- Review and renew demand lines of credit, commercial real estate loans, and letters of credit, ensuring all loan conditions are met.
- Work directly with clients to collect and review financial documents and support customer inquiries.
- Collaborate with closing attorneys, accountants, lenders, and support staff to ensure compliance with loan pre-closing and post-closing conditions.
- Monitor and manage loan maturities and renewals to prevent administrative delays.
- Conduct periodic credit reviews, particularly in cases indicating potential risk.
- Identify trends in client activities that may signal credit quality issues.
- Assist in the collection of financial documents and manage smaller credit requests, from financials and application collection, to approvals, closing, etc.
- Support senior lender with customer follow-ups and relationship management.
- Monitor and address past due loans and overdraft accounts regularly.
- Manage loan extensions, modifications, name changes, rate changes, and notifications of customer dissolutions, etc.
- Assist in the preparation and review of loan documents for assigned relationships.
- Collaborate with account officer or Chief Credit Officer on workout credits as necessary.
- Prepare and organize required reports, memos, and other necessary documentation in a timely manner.
- Demonstrate compliance with banking laws and regulations as defined in company policies and procedures.
- Work collaboratively with other departments, participate in projects and special assignments representing Community Business Banking.
- Provide guidance, coaching, and mentoring to junior staff and participate in training new incumbents.
- Other tasks as assigned.
- Bachelor's degree (B. S. in business, finance, or related field) from four-year college or university strongly preferred.
- Three to five years related experience and/or training; or equivalent combination of education and experience strongly preferred.
- Familiarity with loan terminology and legal requirements.
- Demonstrated ability to define problems, collect data, establish facts, and draw valid conclusions.
- Demonstrated analytical, problem solving and decision-making skills required.
- Proven background in the review of financial statements and tax returns submitted by applicants and is capable of evaluating their ability to repay.
- Interprets and evaluates consumer credit bureau reports, Dun & Bradstreet business reports and public records.
- Demonstrated excellent communication – both written and verbal skills required.
- Must be a “team player”, flexible and willing to support other business line partners to provide excellent customer service.
- Must be results oriented and able to prioritize multiple tasks.
- Must be a person of high integrity who is dependable and professional.
- Bi-lingual/Spanish speaking a plus.
This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training. - 8 Days Ago
Commercial Operations Loan Department Manager
- Citizens Bank, N.A.
-
Medford, MA
OTHER
- DescriptionAt Citizens, we are more than a bank! Here, you will experience new things, create new opportunities, think beyond role, and make an impact! In the Commercial Ops Loan Department Manager, y...
- 1 Month Ago
Commercial Roofing Project Manager/ Estimator
- Tecta America Commercial Roofing
-
North Billerica, MA
FULL_TIME
- DescriptionWho We Are:Tecta America New England, one of the largest and most successful commercial roofing contractors in the Northeast, is looking for qualified individuals to join our growing Biller...
- 9 Days Ago
Commercial Loan Operations Specialist
- Northern Bank
-
Woburn, MA
FULL_TIME
- The Commercial Loan Operation Specialist is primarily responsible accurate boarding and reviewing new and modified commercial loans.Essential FunctionsOnboard all commercial loans including new loans,...
- 4 Days Ago
Commercial Loan Servicing Coordinator
- KBW Financial Staffing & Recruiting
-
Waltham, MA
FULL_TIME
- This job offer is not available in your country. Top Banking client in the metro Waltham area has a need for a Commercial Loan Servicing Coordinator as the Bank continues to grow. This is a great oppo...
- 4 Days Ago
Commercial Loan Officer - Franklin
- Rockland Trust Career Site
-
Franklin, MA
FULL_TIME
- We offer an extensive and highly supportive branch network, competitive products and pricing and exceptionally strong local operational support to help you achieve your business development objectives...
- 4 Days Ago
Commercial Loan Manager jobs at Popular Companies
Global Commercial Manager
- Orchid Orthopedic Solutions
-
Holt, MI
- SHIFT No Shift ($0) (United States of America) A BRIEF OVERVIEW The primary responsibility for the Global Commercial Man...
- 6/12/2024 12:00:00 AM
Commercial Manager
- Skanska USA
-
Bothell, WA
- Job Overview: Skanska is searching for a dynamic Commercial Manager. This is a great opportunity to start a career with ...
- 6/11/2024 12:00:00 AM
Commercial Manager
- Bayou Companies
-
New Iberia, LA
- Position Overview: The Bayou Companies seeks a dynamic and experienced Commercial Manager to join our team. As the Comme...
- 6/10/2024 12:00:00 AM
Commercialization Manager
- ForceBrands
-
Chicago, IL
- **This is NOT a job at Forcebrands** Responsibilities: Collaborate with manufacturers to ensure the efficient production...
- 6/10/2024 12:00:00 AM
Commercial Manager
- Clinton Electric Co.
-
- Full Job Description Clinton Electric Co. is a leading electrical company in the Greater Baltimore Area. For over 50 yea...
- 6/8/2024 12:00:00 AM
Commercialization Manager
- Tatum by Randstad
-
Harrisburg, PA
- Commercialization Manager - $90,000 to $120,000 Excellent Harrisburg-based client that we have worked with for a number ...
- 6/8/2024 12:00:00 AM
Commercial Manager
- LHH
-
- LHH is partnering with a construction company to find their next Commercial Manager. The Commercial Manager will oversee...
- 6/7/2024 12:00:00 AM
Commercialization Manager
- Key Corporate Services LLC
-
Carrollton, TX
- Join our team where we foster a collaborative and dynamic work environment dedicated to our mission of becoming the prem...
- 6/7/2024 12:00:00 AM
About Massachusetts
Massachusetts is the 7th-smallest state in the United States. It is located in the New England region of the northeastern United States and has an area of 10,555 square miles (27,340 km2), 25.7% of which is water. Several large bays distinctly shape its coast. Boston is the largest city, at the inmost point of Massachusetts Bay, and the mouth of the Charles River.
Despite its small size, Massachusetts features numerous topographically distinctive regions. The large coastal plain of the Atlantic Ocean in the eastern section of the state contains Greater Boston, along with most of the state's po...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Loan Manager jobs
$170,386 to $259,705
Most Popular Cities in Massachusetts for Commercial Loan Manager Jobs
What does a Commercial Loan Manager do?
Commercial Loan Manager in Gulfport, MS
“Our experienced team of commercial lenders can custom tailor a flexible loan package to address the needs of your business, large or small.”.
December 10, 2019
Commercial Loan Manager in Alexandria, LA
This will also give you and your lender an opportunity to see which loan program would be most appropriate for your needs.
December 19, 2019
Once your application is received, a loan officer or processor will review your credit reports, the amount of available collateral, and your income.
February 11, 2020
Commercial Loan Manager in Fairbanks, AK
This means that, not unlike individual consumers, smaller businesses must rely on other lending products, such as lines of credit, unsecured loans or term loans.
December 26, 2019