VP of Business and Commercial Lending

Zachary Piper Solutions is currently seeking a VP of Business and Commercial Lending in Hauppauge, NY

Responsibilities for the VP of Business and Commercial Lending:

·      Establishes and manages lending objectives, targets, strategies, and practices to achieve organizational financial, growth, and service goals

·      Seeks out new business opportunities and develops strategies to expand existing business

·      Manages the maintenance and servicing of the existing commercial loan portfolio

·      Conducts thorough financial analysis of prospective borrowers, including reviewing income statements, cash flow projections, and credit reports to determine creditworthiness

·      Designs customized loan packages based on client needs, including loan amount, interest rates, repayment terms, and collateral requirements

·      Evaluates loan applications, assessing risks, and making informed lending decisions within established credit policies

·      Monitors existing loan portfolios, reviewing financial updates from borrowers, and taking proactive measures to manage credit risk

·      Maintains ongoing communication with clients, addressing concerns, and providing exceptional customer service

Qualifications for the VP of Business and Commercial Lending:

·      Minimum of ten years of lending experience with at least five years of management experience

·      Knowledge of lending principles and practices; Federal and state lending regulations and requirements, Collections practices, policies and procedures, bankruptcy and automated lending systems

·      Proficiency in Microsoft Excel and Word required

·      Strong oral/written communication, interpersonal, management, negotiating, analytical, problem-solving and multitasking skills, and detail orientation required

Compensation for VP of Business and Commercial Lending:

• $250,000 - $275,000 *Depending on Experience
• Cigna Medical, dental, vision, Holidays, 401k, PTO and Sick leave as required by law

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