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Columbia Bank New Jersey · 1 week ago

Commercial Lender III, ABL

Fair Lawn, NJ

Full-time

Hybrid

Senior Level, Lead/Staff

$133K/yr - $200K/yr

10+ years exp

Columbia Bank New Jersey is seeking a Commercial Lender III, ABL who will develop new Asset Based Lending relationships with a primary focus on commercial lending. The role involves analyzing complex commercial lines of credit, maintaining a portfolio of existing relationships, and working closely with Credit Underwriting and management to finalize lending packages.

BankingFinancial ServicesMortgage

Responsibilities

Develops new business by contacting potential customers and following up on leads which may include more complex ABL deals, including participations and syndications

Evaluates all aspects of a transaction to determine viability of the credit and makes the appropriate recommendations to Senior Management and/or Credit Committee

Develops a working relationship with borrowers, referral sources, agent banks and internal business partners

Works closely with third party turnaround consultants and other professional appraisal/liquidator firms

Cross-sells Bank products and services

Visits clients, enters calling efforts into Salesforce, and seeks to cross sell Bank products to enhance relationship and revenue

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

Informs customers of Bank decisions

Interacts with commercial customers to maintain and deepen banking relationships

Works with the ABL Portfolio Manager to prepare and review monthly management reports; develops critical financial analysis, processes client credit requests, amendments, waivers and renewals in a timely manner

Monitors credits to form an opinion of the entity’s financial condition, ascertain key issues, and uncover any existing risks in the loan structure

Monitors delinquencies and evaluates problem loans

Reviews client field examinations, appraisals, collateral trends and reporting. Identifies and proactively recommends appropriate reserves

Works closely with the ABL RVP to analyze benefits of restructuring or legal collection action that may include foreclosure

In conjunction with the Special Assets Department and ABL RVP, negotiates and develops action plans for repayment of problem loans or other forms of legal collection

Assists in the preparation of monthly, quarterly and annual reports, and the forecasting of loan balances

Ensures overall collateral reporting is timely and accurate

Ensures field examinations are performed timely

Presents to Senior Management and Credit Committee annual credit reviews, ensuring proper risk analysis and rating recommendations

Maintains a current knowledge of local and national economic, financial, political and legislative trends. Determines the possible impact on commercial lending activities

Performs other duties as assigned

Qualification

Commercial LendingAsset Based Lending (ABL)Credit AnalysisFormal Credit TrainingLoan Documentation ReviewFinancial AnalysisCommunity InvolvementLocal Market KnowledgeTeam CollaborationCommunication SkillsOrganizational Skills

Required

Bachelor's degree in a business discipline

Minimum of 10 years' experience as a Commercial Lender

Formal Credit Training required

Experience in reviewing and accurately interpreting loan documentation, collaborating with team members and working with underwriters in underwriting middle market and larger ABL deals

Knowledge of commercial lending and working knowledge of ABL markets

Local knowledge specifically Tri-State area with potential market expansion

Effective organization, multi-tasking and prioritizing skills

Ability to work with team member across the bank to close and structure transactions

Strong verbal and written communication skills

History of community involvement through volunteerism and/or representation with charitable organizations