Small Business Banker

Description

SUMMARY 

At Dedham Savings, we believe that being here for the journey means supporting our clients in a friendly and professional manner every day. While our employees are committed to helping our clients, we are committed to our employees. After all, we wouldn’t have made it nearly 200 years as a local neighborhood bank without them! To support our employees, we offer a competitive benefits package with Medical, Dental, Vision, Flexible Spending, Tuition Reimbursement, Childcare, Retirement, Life Insurance, and many other benefits.

The Small Business Lender will be responsible to work with small businesses and access their credit worthiness, evaluate loan applications, and provide financial options like working capital loans, equipment loans, or business acquisition loans, while ensuring compliance with all relevant regulations and maintaining strong customer relationships.

ESSENTIAL DUTIES AND RESPONSIBILITIES 

Client Acquisition and Development

• Identify potential small business clients through networking, outreach, and marketing efforts.
• Build relationships with business owners to understand their financial needs and goals.
• Present loan products and options tailored to specific business needs. 

Loan Application Analysis

• Collect and review financial information including income statements, balance sheets, tax returns, credit reports, and collateral documents for loans $500,000 and under, utilizing the Lender’s Cooperative software application for loans $100,000 and under. 
• Assess creditworthiness and risk factors to determine loan eligibility and terms.
• Conduct thorough due diligence on business operations and cash flow.

Loan Underwriting

• Structure loan packages with appropriate loan terms.
• Prepare loan submissions for credit approval.
• Communicate and explain loan terms with borrowers based on risk assessment and market conditions. 

Loan Servicing and Monitoring

• Communicate with borrowers regarding loan modifications or other necessary adjustments, work with borrowers on any credit issues. 
• Address customer concerns and provide ongoing support.

Other

• Complete all internal Bank training as assigned and required.
• Adhere to the Bank’s privacy and data security policies including but not limited to safeguarding of sensitive information and complying with relevant regulations to protect non-public information.
• Exhibit the ability and desire to embrace and enhance the Bank culture.

Consider this description to be the foundation of your job, not its boundaries.  Expect to participate in internal and external training sessions and activities not described here which enhance the quality of service to the client.

SUPERVISORY RESPONSIBILITIES

None

Requirements

EDUCATION and/or EXPERIENCE 

QUALIFICATIONS 

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE 

• Bachelor’s degree in Finance, Accounting, Business Administration, or related field.
• 2 + years of experience in commercial lending or commercial credit, preferably with a focus on small business lending.
• Knowledge and experience in SBA lending products. 
• Strong understanding of financial analysis, credit scoring and lending principles.
• Knowledge of different industry needs, and financial challenges faced by small businesses.
• Awareness of relevant regulations and compliance requirements related to lending practices.

SKILLS

• Basic knowledge of the banking and financial services industry including federal laws and regulations.
• Willingness to gain new knowledge and technical skills.
• Intermediate typing skills to meet the production needs of the position.
• Intermediate math skills: the ability to calculate interest, commissions, proportions, and percentages; balance accounts; add, subtract, multiply, and divide into all units of measure, using whole numbers, common fractions, and decimals; locate routine mathematical errors; compute rate, ratio, and percent, including the drafting and interpretation of bar graphs.
• Exceptional verbal, written, and interpersonal communication skills with the ability to apply common sense to carry out instructions a