Apply on Employer Site

Berkshire Bank · 2 days ago

Commercial Team Leader

Needham, MA

Full-time

Onsite

Senior Level, Lead/Staff

$181K/yr - $324K/yr

10+ years exp

Berkshire Bank is seeking a Commercial Team Leader to manage a team of lenders and support staff. The role involves generating new business, managing a loan portfolio, and ensuring compliance with bank policies.

BankingFinancial Services

Responsibilities

The Team Leader will supervise those within the group to ensure that all bank policies and procedures are adhered to

The individual will provide leadership as to the direction of the bank, with particular emphasis on instilling the Bank’s Core Four and credit cultures

The Team Leader shall also approve and recommend within appropriate authority loans which are adequately structured bear an acceptable amount of risk

Additionally, the Team Leader will ensure that budgetary goals are met and will complete projects and additional responsibilities as assigned

The Team Leader will develop new business opportunities through business development efforts including new client solicitation, active involvement in industry organizations, and expansion of existing client base

In this role, the leader will ensure that all loans originated within the team are properly underwritten with appropriate financial analysis and due diligence used in the preparation of credit approval memorandums

They will also ensure that loans are booked with proper documentation and additional post-approval due diligence is completed in a satisfactory manner

In addition to development of loan opportunities, the Team Leader will work with the team to increase deposits from clients, and generate non-interest fee income through the appropriate recommendation of interest rate hedging products, loan participation sales and referrals to partner organization

The Team Leader is responsible for the ongoing maintenance and customer service of an assigned loan portfolio and oversight with the management of the loans which are assigned within the group

The Team Leader is responsible for monitoring the ongoing credit quality of the portfolio and shall assess the credit quality of each relationship in accordance with policy including the completion of annual credit reviews, ensuring the accuracy of risk ratings

The Team Leader shall be responsible for the accurate collection of data to track/monitor the status of the portfolio

Qualification

Commercial lending experienceUnderwriting experiencePortfolio managementCredit policy knowledgeBusiness developmentAccountabilityLeadership experienceEffective communicationTeamworkAdaptability