What are the responsibilities and job description for the Managing Director - Commercial Lending position at Rosedale Federal Savings and Loan Association?
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At Rosedale Federal, we pride ourselves on being a community bank. We are a highly successful, growing financial institution with a rich 116-year history, over $1 billion in assets, 13 retail branch locations in MD, and approximately 155 employees. Our culture, strategic vision, and core values center around community . We believe what sets us apart is our strong commitment to our people - employees, customers, and communities - with a focus on employee engagement and recognition, work / life balance, growth and development opportunities, personal connections, delivering an exceptional personal touch customer experience, charitable giving, employee involvement in our communities, financial literacy, and so much more.
About the Job
We are currently seeking a Managing Director to lead and manage the Commercial Lending and Business Banking functions of Rosedale Federal. This position is responsible for originating, managing, and servicing a portfolio of commercial real estate (CRE) and Corporate & Industrial (C&I) loans, prospecting and generating new business banking relationships, and managing existing relationships, while managing risk and minimizing negative impacts to achieve the highest quality outcome for the Bank.
In this position you will :
- Seek and develop new business banking relationships as well as commercial loan relationships, including CRE and C&I loans. Manage and enhance existing relationships. Represent Rosedale Federal at meetings and functions in the community to build awareness of the Bank's commercial lending and business banking offerings.
- Develop and implement sales strategies to grow the commercial lending portfolio and business banking book of business, including a proactive and effective business development and outreach program.
- Provide financial consultation to current and prospective customers to help reach their goals and maintain a long-term banking relationship. Originate, manage, and service a portfolio of CRE and C&I loans.
- Provide underwriting support on all loans for the commercial lending team by analyzing all necessary financial statement data, leases, and appraisals, as well as other information learned from onsite company visits to determine potential borrower's credit worthiness before making a loan decision or recommending a loan for consideration by the Loan Committee.
- Authorize and / or recommend approval of loan applications; approve loans within specified limits or refer loans to Loan Committee for approval. Ensure that the loan structure is appropriate and adequately protects the organization. Ensure that all loan documentation is complete, accurate and as approved.
- Ensure an appropriate balance between credit quality and commercial loan growth by keeping business development and credit risk in appropriate balance. Make quality loans that do not exceed any limitations established by the organization or its regulators.
- Monitor the commercial loan portfolio to ensure conformity with terms, proper risk ratings, and early identification of potential problems. Ensure timely submission and review of financial information, loan documents, and other submissions. Proactively notify management of credit deterioration and ensure all action items are executed in a timely manner. Service delinquent and problem accounts.
- Recommend to the Board all loan charge-offs when required due to the failure of the borrower to keep the loan current or due to the deterioration in the value of the real estate securing the loan.
- Ensure that all staff actions are in compliance with all required laws and regulations relating to the lending functions as well as Rosedale Federal loan policy and guidelines.
- Perform management responsibilities to include coaching, training, and managing staff performance.
- Recommend strategies necessary to ensure efficiency, profitability, and the highest quality customer experience within areas of responsibility.
- Provide expert advice and interpret changes to commercial lending procedures; respond to staff and customer loan questions and issues; interpret bank policy and procedures and analyze risk to determine appropriate action to be taken.
- Generate reports for the Chief Lending Officer and Board of Directors. Provide analysis of metrics to measure performance to goals.
- Represent the organization by becoming involved in civic, cultural, charitable, and educational endeavors in the communities served.
- Partner with Senior Leadership on the development and implementation of strategies to grow the commercial lending and business banking offerings.
- Understand and champion the Bank's mission, strategies, initiatives, and core values to Commercial Lending employees.
- Stay abreast of federal and state regulations and laws governing commercial lending; recommend modifications or revisions to bank policies related to commercial lending; develop and implement procedures to comply with federal and state regulations and laws.
- Complete all assigned online or in-person Compliance, Human Resources, and Departmental training modules / classes.
This list of essential functions is not necessarily exhaustive and may be supplemented, or otherwise revised by the employer, at its sole discretion.
What we are looking for :
WORKING CONDITIONS / PHYSICAL REQUIREMENTS
Benefits you will enjoy :
We are an equal opportunity employer. Employment selection and related decisions are made without regard to race, color, religion, sex or gender (including pregnancy), age, marital status, disability, national origin, veteran status, sexual orientation, gender identity, genetic information or any other protected class.
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