Job Overview
Under the general direction of the Senior Vice President Lending, performs a variety of business development, analytical and administrative tasks all geared toward the promotion of the Bank's commercial loan products and services.

Responsibilities
- Generate new business. Actively solicits both internal and external referral sources.

- Responsible for development of annual business plan and budget .
- Responsible for taking independent action on all loan requests and relationships within assigned authority.
- Analyze credit reports and financial statements to assess risk and eligibility.
- Negotiate loan terms with clients and ensure compliance with regulatory requirements.
- Responsible for the annual development of the commercial services business plan.
- Stays current with all lending laws, UCC and other applicable regulations.
- Participates in strategic planning, budgeting and new product development at the loan department level.
- Member of the Bank's Commercial Loan Committee.

- Responsible for working with external auditors and bank Regulators as needed.

- Ensure compliance with Bank Secrecy Act, AML, OFAC and USA Patriot Act including Customer Identification Program, customer due diligence, identifying high risk accounts, understand the due diligence required for lending transactions, and reporting suspicious activities to supervisor or BSA Department.

- Position requires obtaining a unique identifier to be used on all Mortgage documents originated by the employee and maintaining registration through the Nationwide Mortgage Registry System (NMLS).

Requirements
- Education equal to 4 year college degree, preferably in the area of accounting or finance.

- Seven years banking experience, including five years of commercial lending / credit analysis.

- Formal credit training is highly desired.

- The ability to conduct in-depth financial analysis as it pertains to a prospective borrower, its related entities and its owners.
- Will regularly have unpredictable hours due to nature of business development role.

We look forward to welcoming a dedicated Loan Officer who is ready to make a positive impact on our clients' financial journeys.

Job Type: Full-time

Pay: $85,000.00 - $134,000.00 per year

Benefits:

401(k) matching
Dental insurance
Employee assistance program
Employee discount
Flexible schedule
Flexible spending account
Health insurance
Life insurance
Paid time off
Parental leave
Referral program
Tuition reimbursement
Vision insurance

Compensation Package:

Bonus opportunities
Profit sharing

Work Location: Hybrid remote in Milford, MA 01757

Milford Federal Savings and Loan Association

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