Commercial Lender

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: 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 #J-18808-Ljbffr