Bank Rhode Island is a full-service financial institution with 20 branches headquartered in Providence, Rhode Island. As a full-service commercial bank, we're proud to offer a full range of banking products and services that can meet a customer’s business or personal banking needs.
What is Bank Rhode Island’s most valuable asset? Our employees! That's why we offer competitive pay and excellent benefits which includes a matching 401k. We pride ourselves on hiring candidates that embrace our Core Four Values: Adaptability, Accountability, Leadership, and Teamwork. Bank RI provides a great working environment that offers opportunities for advancement.
We are currently seeking a Commercial Banker I to join the team in our Turks Head office in Providence, RI. Primary responsibilities include management of an assigned portfolio, monitoring of delinquent loans, and ensuring adherence to credit, compliance and operational policies. This position will also be responsible for business development efforts and assisting other business development officers with the underwriting of new credits and management of their portfolios.
Principal Duties and Responsibilities
New Business: This position will originate and underwrite new credit transactions, assist other Commercial Bankers with the underwriting of new credit transactions and manage these loans through to closing. Responsibility will include the analysis of financial information and related reports in conjunction with the preparation and presentation of credit approval memorandums, ordering of appraisals and environmental reports, issuing commitment letters, coordinating closings and overseeing the loan booking process in conjunction with the Commercial Loan Assistants. In addition to the underwriting and management of loans, they will assist with the development of deposit relationships with clients. May have responsibility for assisting lending officers with syndication of loan transactions and the facilitation of interest risk hedge products. Networking within the industry is a critical function of the role to support ongoing business development opportunities.
Portfolio Management: Responsible for the ongoing maintenance and customer service of the assigned loan portfolio. Monitor the ongoing credit quality of the portfolio and assess the credit quality of each relationship in accordance with policy including the completion of annual credit reviews and periodic renewals throughout the year. This position will be responsible for the accurate entry of information to track/monitor the status of the portfolio.
Bachelor’s degree or equivalent
Minimum of 5 years of commercial lending and underwriting/portfolio management experience
Understand the commercial marketplace within the Bank’s target area
Be well-versed with the Bank’s credit policy and guidelines
Ability to communicate effectively in both an oral and written capacity
Be willing to assume any other duties as may be required