Commercial Loan Officer

Job overview

The Commercial Loan Officer role is onsite in North Andover, MA, with compensation of $98,940–$143,460 per year. Pentucket Bank is a community bank that emphasizes local service, innovation, and partnerships. The lender develops commercial lending, deposit, and banking relationships with businesses, nonprofits, and individuals in the bank’s market. The role evaluates creditworthiness, structures and monitors loans, coordinates loan administration with portfolio management, and represents the bank in the community.

What you'll do

• Develop new commercial loan, deposit, and banking relationships
• pursue business opportunities and referral relationships
• screen and interview applicants
• analyze financial information and creditworthiness
• negotiate credit terms
• monitor repayment
• promote bank products and services
• partner on credit analysis, approvals, closing, file commentary, and risk mitigation
• maintain regulatory knowledge and compliance
• verify transactions and account balances
• participate in community relations.

What we're looking for

Skills & competencies

full-time

commercial loan officer

commercial lending

credit analysis

loan origination

business development

community banking

north andover ma

pentucket bank

$98,940–$143,460/year

portfolio management

commercial banking

Work arrangement

• Weekend coverage required

Why this role

Five or more years of progressively responsible commercial lending and banking experience required; business-focused bachelor’s degree preferred; salary range is described as an estimate based on market data.

About the employer

Pentucket Bank is hiring for this role. Industry: Commercial Banking. Sector: 52.