Our Commercial Lender job description includes the responsibilities, duties, skills, education, qualifications, and experience.
About the Commercial Lender role
A Commercial Lender is responsible for evaluating and approving business loan applications for organizations and individuals. They analyze financial statements, credit reports, and other information to determine creditworthiness and provide financing options. The Commercial Lender also provides support to existing customers, including offering guidance on financial products and services.
Role Purpose
The purpose of a Commercial Lender is to assess and provide financial services to businesses for a variety of purposes, such as purchasing or refinancing real estate, purchasing equipment or inventory, and providing working capital. A Commercial Lender evaluates an organization's creditworthiness and financial capability, determines the terms and conditions under which the organization may borrow, and approves or denies loan requests. They also build relationships with potential and existing clients to identify potential loan opportunities.
Commercial Lender Summary
The Commercial Lender is responsible for developing, underwriting and structuring loans in order to meet the needs of clients. The Commercial Lender will analyze financial information, assess credit risk and make sound decisions based on the analysis. The Commercial Lender will work with clients to develop loan packages and ensure that all paperwork is completed accurately and in a timely manner. The Commercial Lender will also be responsible for developing new business opportunities and maintaining and expanding relationships with current customers. The Commercial Lender must have exceptional communication, interpersonal, and problem-solving skills and must be able to work independently and in a team environment.
Commercial Lender Duties
- Conduct credit analysis and due diligence to assess loan applications
- Analyze financial statements and other documents to assess credit worthiness of potential customers
- Manage and monitor existing customer credit portfolio
- Provide financial advice to clients
- Ensure compliance with regulatory and industry standards
- Assist with loan documentation and closing processes
Commercial Lender Skills
- Excellent communication skills
- Strong financial analysis and problem solving skills
- Knowledge of banking regulations and lending guidelines
- Ability to maintain client relationships
- Experience with loan origination and underwriting
Commercial Lender Requirements
- Knowledge of lending regulations and policies
- Proficiency in financial analysis and credit evaluation
- Ability to develop and maintain relationships with clients
Personal Traits
- Strong interpersonal and communication skills
- Ability to analyze financial data and make sound decisions
- Ability to work in a fast-paced environment
- Attention to detail