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- Tasks: Help businesses secure loans and manage their financial needs.
- Company: Join Cambridge Savings Bank, a trusted community bank with $7 billion in assets.
- Benefits: Enjoy hybrid work options and a supportive, inclusive culture.
- Why this job: Make a real impact on local businesses while developing your finance skills.
- Qualifications: Bachelor's degree and 5-10 years of commercial lending experience required.
- Other info: Be part of a team that values diversity and community engagement.
The predicted salary is between 36000 - 60000 £ per year.
Join to apply for the Corporate Banking Loan Officer role at Cambridge Savings Bank
Join to apply for the Corporate Banking Loan Officer role at Cambridge Savings Bank
POSITION: Corporate Banking Loan Officer
Summary:
At Cambridge Savings Bank, our purpose is to have a positive impact on our customers, employees, and community\’s financial well-being. We are committed to exceeding expectations and having a strong commitment to diversity and inclusion. Under the supervision of the Corporate Banking Team Leader, develops and coordinate services for a wide variety of commercial account relationships. Originate structure and extend loans to credit worthy borrowers through facilities such as lines of credit, equipment loans and term loans. Coordinate the ongoing management of loans to ensure proper documentation and continued loan quality. Plan and direct a focused calling and business development program for companies ranging from $5MM to $100MM in revenues, with financing needs ranging from $1M to $25MM, located primarily within Massachusetts, Southern New Hampshire and Rhode Island.
Key Result Areas:
- Plan and direct a focused calling and business development program for lower middle market companies.
- Review loan applications, interview applicants and request necessary information, such as financial and operating statements to evaluate loan requests, manage, structure and negotiate credit terms as well as identify other opportunities for CSB.
- Organize data and evaluate the credit worthiness of the prospective borrower according to CSB guidelines and policies.
- Prepare and maintain the required and appropriate documentation and ensure that the necessary follow-up is coordinated and accomplished on a timely basis.
- Within approved loan authority, extend new commercial loans of good quality.
- Present relevant data for approval and recommendations to SVP, Corporate Banking, for all new lending opportunities.
- Build deposits from customers and prospects to help fund loans.
- Manage the underwriting of loan proposals and present it to the Loan Committee.
- Interface with other areas in the Bank (i.e. credit, loan servicing & corporate services) to ensure that all loan relationships are developed and maintained properly.
- Cross sell other Bank services plus corporate service (i.e., Treasury Management,)
- Manage existing loan portfolio to ensure credit quality and to minimize loan losses. Review maturing loans and present for renewal if applicable.
- Assist in the implementation of a Contact Management and Pipeline management system for the group’s business development and management reporting needs.
- Assist in resolving commercial business loan delinquencies as well as servicing issues.
- Review and approve overdrafts within loan authority of commercial customers.
- Participate in community affairs to increase the Bank\’s visibility and to enhance new business opportunities.
- Keep abreast of local and national economic, financial, political and legislative events and climates which could have an impact on lending activities.
- Establish and maintain effective working relationships with other employees and customers.
- Assist in the resolution of customer problems and/or complaints.
- Contribute to the effective team management of all bank-related problems, issues and opportunities.
- Perform additional duties as required.
Qualifications:
- Bachelor’s College education required.
- Thorough knowledge and understanding of relationship banking (i.e.: Lending Products, Depository and Cash Management and Trust Services.)
- 5 – 10 years\’ commercial lending experience, within the Massachusetts, Southern New Hampshire and Rhode Island Corporate Banking Marketplace.
- Solid negotiation skills.
- Strong communication and interpersonal skills.
- Strong analytical skills.
- Ability to anticipate and identify customer needs and business opportunities.
- Knowledge of commercial lending regulations, underwriting standards and proper loan documentation.
- Proven computer / technical skills.
- Ability to work independently on unstructured projects with limited direction.
- Strong internal and external customer service skills.
The above description covers the most significant major responsibilities but does not exclude other occasional responsibilities and accountabilities, the inclusion of which would be in conformity with the major purpose of this job.
Location:
Hybrid/Waltham, Massachusetts
About Cambridge Savings Bank:
Cambridge Savings Bank is a full-service banking institution with $7 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, customers, and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services across a robust Massachusetts-based branch network and through digital banking solutions for commercial, small business and consumer customers. In March 2023, Kroll Bond Rating Agency affirmed CSB’s investment-grade rating, reinforcing the bank’s position as a reliable business lender. To learn more about how CSB can meet your needs, visit us at cambridgesavings.com , or better yet, come meet us to help you make the most out of your banking relationship. Member FDIC. Equal Housing Lender. NMLS # 543370
Cambridge Savings Bank is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. We are a VEVRAA Federal Contractor.
Seniority level
-
Seniority level
Mid-Senior level
Employment type
-
Employment type
Full-time
Job function
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Job function
Finance and Sales
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Industries
Banking
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Corporate Banking Loan Officer employer: Cambridge Savings Bank
Contact Detail:
Cambridge Savings Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Corporate Banking Loan Officer
✨Tip Number 1
Network with professionals in the corporate banking sector, especially those who have experience in Massachusetts, Southern New Hampshire, and Rhode Island. Attend local banking events or join relevant online forums to connect with potential colleagues and learn about the latest trends in commercial lending.
✨Tip Number 2
Familiarise yourself with Cambridge Savings Bank's values and community involvement. Understanding their commitment to diversity and inclusion can help you align your approach during interviews and demonstrate how you can contribute to their mission.
✨Tip Number 3
Stay updated on local economic conditions and regulatory changes that could impact lending practices. This knowledge will not only prepare you for interviews but also show your proactive approach to understanding the market.
✨Tip Number 4
Prepare to discuss specific examples of your past experiences in commercial lending, particularly any successful loan structuring or negotiation cases. Highlighting your analytical skills and customer service approach will resonate well with the hiring team.
We think you need these skills to ace Corporate Banking Loan Officer
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and qualifications of a Corporate Banking Loan Officer. Tailor your application to highlight relevant experience in commercial lending and relationship banking.
Craft a Strong CV: Your CV should clearly outline your commercial lending experience, negotiation skills, and any relevant qualifications. Use bullet points to make it easy to read and ensure it aligns with the job description provided by Cambridge Savings Bank.
Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Highlight specific experiences that demonstrate your ability to manage loan portfolios and build customer relationships, as well as your understanding of the local market.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial in the banking industry.
How to prepare for a job interview at Cambridge Savings Bank
✨Know Your Numbers
As a Corporate Banking Loan Officer, you'll be dealing with significant financial figures. Brush up on your knowledge of loan structures, interest rates, and credit terms. Be prepared to discuss how you would evaluate loan applications and manage portfolios effectively.
✨Demonstrate Relationship Building Skills
This role requires strong interpersonal skills. During the interview, share examples of how you've built and maintained relationships with clients in the past. Highlight your ability to understand customer needs and how you've successfully cross-sold banking services.
✨Showcase Your Analytical Abilities
Analytical skills are crucial for evaluating creditworthiness and managing loans. Be ready to discuss specific instances where your analytical skills led to successful loan approvals or risk management. Use data to back up your claims.
✨Stay Informed About Market Trends
Understanding the economic landscape is vital for this position. Research current trends in the banking sector, especially in Massachusetts, Southern New Hampshire, and Rhode Island. Be prepared to discuss how these trends could impact lending activities during your interview.
