What are the responsibilities and job description for the VP Commercial Lending position at MOUNTAINONE BANK?
Job Summary:
Under the direct supervision of the Senior Vice President Senior Commercial Risk Officer and in conformance with established policies and operating procedures, performs all interviews, preliminary underwriting, decision-making processes and loan closings for all commercial loans. Analyzes and summarizes financial information for existing and prospective loan customers; assist Credit Administration staff to prepare credit related reports for presentation to loan committee. Below is a description of the ordinary duties of the position.
Primary Responsibilities:
- Provides a high level of customer service, both internally and externally.
- Represents MountainOne positively and professionally within the organization as well as in our communities. Supports a positive workplace culture through words and action.
- Participates in and completes in a timely manner all training as assigned and required.
- Interview and evaluate new and/or existing loan relationships based upon due diligence including but not limited to credit history and loan repayment capabilities.
- Responsible for appropriate customer history reports, credit files, financial statements and approvals; reviews with the Department SVP as required.
- Accurately complete all credit underwriting and make credit decisions based upon Commercial Credit Policy as well as regulatory policy.
- Monitors risk within the portfolio by completing annual credit reviews of existing relationships to ensure accurate risk ratings are in place.
- Schedules and performs closings ensuring that all terms and conditions of approval are documented properly and collateral positions are in place.
- Monitor loan maturities, completing procedures for renewals, and adjust annual reviews according to Commercial Credit policy.
- Complete credit underwriting and make credit decisions with regard to ACH and RDC approval for non-borrowing customers.
- Request and review real estate appraisals and environmental studies as required by Commercial Credit Policy.
- Participate and represent the Bank at Chamber Meetings, Business Development Programs and other Community Events as necessary.
- Attend periodic officer and loan committee meetings, as required.
- Maintain compliance with all related bank policies, including Bank Secrecy Act, confidentiality, standardized procedures and regulations.
- Other duties as assigned.
New Business Development
- Pursue new business by executing a calling plan for customer leads, referral sources and other prospects.
- Deliver exceptional customer service by actively listening to clients and then promptly providing the best possible solution for their financial needs.
- Cross-sell value-added products and financial solutions to new and existing clients.
- Visit with Centers of Influences (COIs) on a regular basis to ask for referral opportunities.
- Maintain existing portfolio volume by providing current loan customers with recommendations for their financial plans and needs.
Portfolio Management
- Maintain positive customer relationships through regular active communication (in person, e-mail, telephone).
- Collect financial statements, borrowing base certificates and other financial information from customers to ensure timely submission of loan presentations.
- Work with credit administration to process annual reviews of credits.
- Implement actions on problem credits and follow up with appropriate corrective action plans.
- Create and maintain partnerships and open communication with internal departments to ensure maximum efficiency and collaboration.
Community Involvement
- Become actively involved in one or more local civic, charitable, or other non-profit organizations to increase the visibility of the Bank and to generate new business opportunities.
