Heritage Financial Credit Union · 3 months ago
Commercial Lending Officer (Orange, Ulster, Dutchess NY & Pike County PA
Middletown, NY
Full-time
Onsite
Senior Level
$130K/yr - $145K/yr
5+ years expHeritage Financial Credit Union is a member-owned financial institution committed to helping members achieve their financial goals. The Commercial Lending Officer will develop client relationships, structure lending solutions, and ensure compliance with lending policies while supporting business development efforts.
BankingFinanceFinancial Services
Responsibilities
Adhere to HFCU Vision, Mission and Values in all interactions with members, both internal and external. Provide exceptional member experience, participate in a high impact service culture, be easy to do business with and always execute with integrity throughout all aspects of the commercial loan process
Develop, originate, manage and underwrite C & I loans and commercial real estate loans which meet established lending requirements and provide maximum profitability to the credit union with a minimum of risk
Establish and negotiate the terms under which credit will be extended including loan pricing, structure, repayment terms and collateral requirements that are consistent with the credit union’s policies and financial goals
Approve and decline loans within lending authority. Provide recommendations for loans above lending authority
Manage and maintain monthly tickler reports and accurately complete monthly, quarterly and year end reporting. Work with members and department staff to ensure the timely collection of required documentation and/or financials
Review, recommend, and implement commercial lending policies and procedures to support and meet Credit Union objectives. Maintain a thorough understanding of HFCU’s Commercial Lending Policies and ensure loan requests follow all compliance standards of the department
Attend department and Credit Union meetings, present summary information and participate in discussions on the loans being considered
Periodically visit with Borrowers, performing site visits and to promote good member experience
Participate in business development events that are sources for business contacts or referrals. Cross sell commercial products and services
Perform tasks such as answering internal and external member inquiries, providing and receiving member commercial loan applications and requests, resolving problems, and providing a best-in-class member experience while adhering to work guidelines, policies, and regulations
Qualification
Required
5+ years of similar or related experience working in Commercial Lending
Experience with an established book of business in Heritage Financial Credit Union's field of membership (Orange, Ulster, and Dutchess County in NY and Pike County in PA) with knowledge of the market and key contacts
A bachelor's degree, or achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., information technology certifications in lieu of a degree)
This position requires that the employee gain a working knowledge of Bank Secrecy Act (BSA) requirements and how they will affect their work
The employee will comply with all requirements of the BSA and cooperate with the designated BSA Officer in assuring compliance
Knowledge of Commercial/Business Lending, Consumer Lending, Commercial Underwriting, Loan Servicing and general economic conditions and competitor's rates and terms, etc
Work involves extensive personal contact with others and is of a personal or sensitive nature
Motivating, influencing, and/or training others is key at this level
Outside contacts become important and fostering sound relationships with other entities (companies and/or individuals) becomes necessary and often requires the ability to influence and/or sell ideas or services to others
Ability to project a professional appearance and positive attitude at all times
Excellent project management, communication and analytical skills
Benefits
Comprehensive employee benefits package
Company 401K match
Generous Paid Time Off
Company
Heritage Financial Credit Union
Heritage Financial Credit Union provides Auto Loans, Retirement Services, Investment Services, Personal Loans & Credit Cards services.
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
$3.72MKey Investors
Community Development Financial Institutions Fund
2023-04-10Grant· $3.72M
Leadership Team
Michael Ciriello
President/CEO
Jonathan Shakelton
Chief Operating Officer
Recent News
The Pike County Courier
2024-05-23
Mid Hudson News
2024-05-23
Company data provided by crunchbase