What are the responsibilities and job description for the Commercial Private Banker III position at Peapack Private Bank & Trust?
Position Summary:
To manage and grow a commercial loan portfolio
Position Responsibilities:
- New business development efforts and initiatives for the Bank
- Analyzes the credit history of applicants and determines their loan repayment capabilities
- Negotiates credit terms, such as costs, loan repayment methods and collateral specifications and prepares presentment to Committee
- Develop and maintains interest rate structure to be consistent with current market rates
- Management of commercial customers; including customer retention efforts and client visits
- Reviews new laws and regulations that influence business lending within the financial institution and makes recommendations to management when necessary
- External networking
- Past due follow-up
Essential Skills and Experience:
- Excellent verbal and written communication skills as well as good sales skills
- Bachelor’s degree in business, finance, or related field or equivalent work experience.
- Minimum three to five years experience in a loan department or similar financial position
- Knowledge of financial institution policies and procedures
- Extensive knowledge of lending services and related areas
- Commercial Credit Training/Analyzing Financial Statements Certification
- Must have reliable transportation
- Working knowledge of PC; specifically Excel, Word, Outlook
Nonessential Skills and Experience:
- Preparation of monthly management reports
- Maintain a neat and order work area
- Performs other related duties as assigned
Reporting to this position:
- No Direct Reports
$160,000.00 to $240,00.00 USD
Salary : $24,000 - $160,000
