The Business Bank (formerly Bank of Burlington)
Senior Lender
The Business Bank (formerly Bank of Burlington), South Burlington, Vermont, us, 05403
2 days ago Be among the first 25 applicants
At The Business Bank, we truly are what we say; we're here for our customers, and we deliver the best service with the fastest, most thoughtful solutions.
As a locally owned bank, our relationships run deep. You'll quickly get to know many of our clients by name - and our team is even closer.
We show up for each other and our community. Whether it’s attending local events together, celebrating monthly milestones, or sharing daily laughs in the office, our culture is one of connection, trust, and support.
We keep things down to earth, and we take pride in creating a workplace where people feel comfortable, appreciated, and motivated to grow. If you’re looking for a place where you can build real relationships, develop new skills, and enjoy showing up to work each day - you’ll find it here.
Summary
The Vermont Senior Lender
is responsible for the Vermont loan and deposit portfolio. This role will help grow the Vermont lending, credit, and treasury management teams with certain management responsibilities. This role is responsible for driving business for the bank by managing the loan and deposit portfolio in accordance with the bank’s credit philosophy and standards. Primary Responsibilities Solicits, negotiates, underwrites, and coordinates the closing of commercial and industrial, commercial real estate, construction, municipal and other business-purpose loans in compliance with the Bank’s lending policies and procedures and applicable laws. Develops deposit relationships and promotes business for the Bank by maintaining good customer relations and referring customers to appropriate staff for new services. Responsible for the achievement of the Bank’s loan and deposit growth objectives as set for the Vermont market. Develops business development plans and helps to manage staff to meet growth objectives. Performs analysis of loan applicant financial condition and risk of financing requests within the framework of the Bank’s credit culture, loan policies, and current economic and industry trends. Gathers and analyzes all information necessary to present a financing request for approval; meets with existing or potential customers; visits customer business facilities and construction sites; negotiates loan terms and conditions; and approves loans within established lending limits or refers and recommends acceptance to the appropriate approval authority. Coordinates processing of approved loans; ensures loans are processed in a timely manner and according to agreement, customer needs and in conformity with the Bank’s lending policies; obtains sufficient information and/or documentation from customers and third parties to support informed decision-making; solves problems relative to processing and servicing of loans; and approves loan disbursements in accordance with agreements. Ensure that credit inquiries, existing liens, and UCC filings are researched to determine the applicant’s credit worthiness and to ensure that appropriate collateral positioning is achieved. Ensures that certification or deletion of collateral is made by the appropriate personnel. Negotiates, underwrites, and processes renewals of credit facilities, consistent with Bank policies. Approves loan payments, draws from lines of credit, and fund transfers within limits specified in the Bank’s loan policies or as otherwise approved by the Loan Committee. Verifies application loan funding with contractors and other third parties. Develops and maintains knowledge of the commercial lending industry, economy, market conditions, rates, vendors, and competition. Represents the Bank in various community, civic, and community reinvestment functions to further enhance the Bank’s image and develop additional business; assists Senior Management in establishing and maintaining market position in the Bank’s service area. Provides loan account credit quality ratings and cooperates with third party loan review vendors in their review of loan files and assigned credit quality ratings. With the CCO, update and correspond with legal counsel and collectors on workouts, bankruptcies, and charge-offs to ensure all possible precautionary actions or measures are taken. Participates with Senior Management in developing, analyzing, finalizing, and documenting major and complex loan agreements and relationships with large business customers; participates in various internal committees, as assigned by Senior Management. Gathers loan-related and deposit-related data and prepares reports for Senior Management, audits, and other personnel. Reinforces the application of superior customer service through their own example along with timely and appropriate follow-through with involved customers and employees. Manages Vermont Relationship Managers and Portfolio Managers, assists as a resource for their business development efforts. Performs other duties, including special projects, as may be assigned by President/COO & CCO. Supervisory Responsibility This position is responsible for the supervision of one or more employee(s) and normally carries out supervisory responsibilities in accordance with the Bank's policies and applicable laws, ensuring adherence to Equal Employment Opportunity (EEO) guidelines. Salary Range:
$175,000 - $225,000 Benefits Medical Insurance Health Savings Account w/ company contribution Vision Insurance Life & AD&D Insurance Short & Long Term Disability Optional Supplemental Life Insurance 401(k) w/ company match Paid Time Off Other Seniority level: Mid-Senior level Employment type: Full-time Job function: Finance and Sales Industries: Banking Referrals increase your chances of interviewing at The Business Bank (formerly Bank of Burlington) by 2x We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
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is responsible for the Vermont loan and deposit portfolio. This role will help grow the Vermont lending, credit, and treasury management teams with certain management responsibilities. This role is responsible for driving business for the bank by managing the loan and deposit portfolio in accordance with the bank’s credit philosophy and standards. Primary Responsibilities Solicits, negotiates, underwrites, and coordinates the closing of commercial and industrial, commercial real estate, construction, municipal and other business-purpose loans in compliance with the Bank’s lending policies and procedures and applicable laws. Develops deposit relationships and promotes business for the Bank by maintaining good customer relations and referring customers to appropriate staff for new services. Responsible for the achievement of the Bank’s loan and deposit growth objectives as set for the Vermont market. Develops business development plans and helps to manage staff to meet growth objectives. Performs analysis of loan applicant financial condition and risk of financing requests within the framework of the Bank’s credit culture, loan policies, and current economic and industry trends. Gathers and analyzes all information necessary to present a financing request for approval; meets with existing or potential customers; visits customer business facilities and construction sites; negotiates loan terms and conditions; and approves loans within established lending limits or refers and recommends acceptance to the appropriate approval authority. Coordinates processing of approved loans; ensures loans are processed in a timely manner and according to agreement, customer needs and in conformity with the Bank’s lending policies; obtains sufficient information and/or documentation from customers and third parties to support informed decision-making; solves problems relative to processing and servicing of loans; and approves loan disbursements in accordance with agreements. Ensure that credit inquiries, existing liens, and UCC filings are researched to determine the applicant’s credit worthiness and to ensure that appropriate collateral positioning is achieved. Ensures that certification or deletion of collateral is made by the appropriate personnel. Negotiates, underwrites, and processes renewals of credit facilities, consistent with Bank policies. Approves loan payments, draws from lines of credit, and fund transfers within limits specified in the Bank’s loan policies or as otherwise approved by the Loan Committee. Verifies application loan funding with contractors and other third parties. Develops and maintains knowledge of the commercial lending industry, economy, market conditions, rates, vendors, and competition. Represents the Bank in various community, civic, and community reinvestment functions to further enhance the Bank’s image and develop additional business; assists Senior Management in establishing and maintaining market position in the Bank’s service area. Provides loan account credit quality ratings and cooperates with third party loan review vendors in their review of loan files and assigned credit quality ratings. With the CCO, update and correspond with legal counsel and collectors on workouts, bankruptcies, and charge-offs to ensure all possible precautionary actions or measures are taken. Participates with Senior Management in developing, analyzing, finalizing, and documenting major and complex loan agreements and relationships with large business customers; participates in various internal committees, as assigned by Senior Management. Gathers loan-related and deposit-related data and prepares reports for Senior Management, audits, and other personnel. Reinforces the application of superior customer service through their own example along with timely and appropriate follow-through with involved customers and employees. Manages Vermont Relationship Managers and Portfolio Managers, assists as a resource for their business development efforts. Performs other duties, including special projects, as may be assigned by President/COO & CCO. Supervisory Responsibility This position is responsible for the supervision of one or more employee(s) and normally carries out supervisory responsibilities in accordance with the Bank's policies and applicable laws, ensuring adherence to Equal Employment Opportunity (EEO) guidelines. Salary Range:
$175,000 - $225,000 Benefits Medical Insurance Health Savings Account w/ company contribution Vision Insurance Life & AD&D Insurance Short & Long Term Disability Optional Supplemental Life Insurance 401(k) w/ company match Paid Time Off Other Seniority level: Mid-Senior level Employment type: Full-time Job function: Finance and Sales Industries: Banking Referrals increase your chances of interviewing at The Business Bank (formerly Bank of Burlington) by 2x We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr