Loan Manager Salary in State of Rhode Island, USA

Rockland Trust is currently looking to hire a Commercial Credit Underwriter to join our team in Providence.The Commercial Credit Underwriter (CCU) position is designed and intended to prepare individuals for the role of Portfolio Manager I or a future Credit Professional role by providing specific on-the-job training as well as experience working within a Lending Team environment. CCUs report directly to the Commercial Credit Officer. The position is accountable primarily to the Credit Team that the underwriter is assigned to, with indirect accountability to the Regional Manager, Lending Center Manager, and Loan Officers. Performance reviews will be prepared by the Commercial Credit Officer, with input provided by the Regional Manager, Lending Center Manager, or Lending Officers. The CCU will utilize their credit skills to primarily underwrite for a portfolio of both commercial real estate (CRE) and C&I loans. The incumbent will work closely with Portfolio Managers on the Credit Team, and Lending Officers who solicit, develop and service a wide variety of commercial loans and lines of credit.Responsibilities:Under the direction and review of the Commercial Credit Officer the CCU is responsible for underwriting, evaluating, and making independent decisions/ recommendations for commercial loan requests. This includes but is not limited to, evaluating obligor risk ratings on both new and existing relationships ensuring quality and soundness for credit transactions. Assists with approval and commitment process (e.g. Senior Loan Approval Committee) helping to ensuring compliance with Loan Policy/Loan Underwriting and Administration Guidelines LUAG) and accuracy of documents and supporting exhibits.Develop familiarity and expertise in accessing and working with the various information and reporting systems used by Portfolio Managers to monitor and manage loan portfolios and client relationships.As needed, assist with maintaining timely renewals of loan maturities with Portfolio Managers and assigned lending team and complete annual reviews of commercial banking relationships. Use RTC's Covenant Monitoring system, test covenants and prepare of waivers and Reservation of Rights letters if required and directed to do so.Facilitate borrower financial reporting submissions to Bank. Responsible for evaluating financial performance of borrower and based on a variety of factors determining an appropriate risk rating. Under direction, may assist Loan Officers and Portfolio Management Team Leaders in obtaining required information from clients/prospects by interfacing directly (i.e. phone calls; electronic communication; customer/prospect visits).Adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.Complete other related duties as assigned.Core Competencies: The CCU will be encouraged to make independent credit decisions and recommendations, which are based on their analysis of the business and guarantor's capacity to perform and repay. Will have the ability and willingness to communicate directly with credit applicants (under guidance and direction from senior RTC commercial banking personnel) to obtain and develop information concerning their business and to determine whether the loan would be an acceptable risk to the Bank.Qualifications:Bachelor's Degree in Business, Accounting, Finance, Economics or equivalent experience.At least one year of prior Commercial Credit Analysis experience; specific experience with Commercial Real Estate Loans a plusFormal Credit Training a plusAbility to read, analyze, and interpret financial statements, tax returns, and valuation reports.Ability to effectively write and complete credit memorandums and summaries and general business correspondence. Ability to effectively present information and respond to questions from managers, co-workers, and other constituents.Excellent verbal and written communication skills.Excellent computer skills, including experience with Microsoft Excel and Word Experience with nCino preferredExcellent time management, organizational and problem-solving skills with the ability to manage multiple projects and work in a deadline-driven, dynamic environment.Must be self-motivated with strong initiative, accountability, and attention to detail with the ability to work both independently and as a member of a team. Our goal is to offer our colleagues the most generous benefits package possible. We strive to provide colleagues with a comprehensive benefits package and an environment that supports a healthy work-life balance. Benefits include: Competitive compensation with performance incentive awards, Health Insurance, Dental Insurance, a 401K and DC Plan for your retirement, LTD & Life Insurance, Day Care Reimbursement, Tuition Assistance for graduate and undergraduate programs, an award winning Wellness program and much more!At Rockland Trust you'll find a respectful and inclusive environment where everyone is given the chance to succeed. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, disability status, protected veteran status, or any other characteristic protected by law.Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Job DescriptionIf you're looking for a meaningful career, you'll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster's values, these set us apart as a bank and as an employer. Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!The Relationship Manager is responsible for cultivating and growing a portfolio of business clients within our target segment. They will manage a portfolio of existing business relationships, with an extensive focus on new business development/client acquisition (new to bank deposit production), expansion of existing relationships, and client retention. They will work with Team leaders to execute against our segment strategy, and contribute to net deposit growth, loan production, and expansion of revenue generating products and services. They will also partner with the private bankers & banking centers within their assigned markets, in order to deliver an excellent client experience, look for growth opportunities throughout the entire consumer segment, and drive value to the clients that we serve.JOB RESPONSIBILITIESContribute to growth of segment by executing against our segment strategy. Responsible for execution against targeted growth goals of our core KPIs, in New to bank Business Relationships, Deposit Growth, Loan Production & Treasury Management Fee Income.Develop & maintain extensive network of business contacts, COIs, community leaders and other referral sources in order to develop new business and generate revenue. Effectively manage and grow the pipeline consistent with production expectations.Work closely with Team Leader, Private Bankers, and Banking Centers to deliver an excellent client experience, and drive value to the clients that we serve. Encourage peers and colleagues to skillfully listen to client needs and identify business banking growth opportunities.Develop and present effective credit proposals/memos for consideration. Work with senior leadership and credit to negotiate quality loans within our established policy & guidelines.Ensure & uphold operational integrity amongst team by complying with all regulations, policies, and procedures.EXPERIENCECandidates must have at least 7 years of relationship management/sales experience including 5+ years developing and managing business relationships.Extensive knowledge of credit, financial analysis techniques & lending policy, with ability to package and present credit deals to segment leadership & credit team.Proven track record of Business Development, Commercial loan origination, and Relationship Management skills.JOB RELATED EDUCATION & SKILLSCandidates with advanced degrees (Associates, Bachelor's, and/or Master's) preferred, yet a High School diploma or GED is required. Candidates with some combination of coursework and experience, or else extensive related professional experience, are eligible for consideration.Proven relationship management skills with demonstrated capabilities, in managing and growing a sales pipeline, fostering COI relationships & referral sources, and developing new business relationships.Commercial lending experience, with ability to analyze, package and present prospective financing opportunities to senior leadership & credit.Strong knowledge of business banking, branch profitability, commercial lending & treasury management products; possess a general understanding of operations. (Audit, compliance, fraud, loss, risk).Exceptional business development skills & Entrepreneurial business management orientation.Equal OpportunitiesAll qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.#LI-RS1The estimated salary range for this position is $150.000 to $180,000. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

Job DescriptionIf you're looking for a meaningful career, you'll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster's values, these set us apart as a bank and as an employer. Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!The Business Banking Team leader will be responsible for leading a team of Relationship Managers, to execute against our strategy, and drive growth throughout the segment. The Team Leader will be responsible for ensuring that the RMs are executing on our business banking strategy, by developing new business relationships, and managing a portfolio of relationships within their target markets, to ensure growth in deposits, loans and revenue generating products & services. In addition to leading a team of RMs, The Team Leader will play a critical role in driving segment growth, by personally managing a portfolio of top tier business clients within their markets, that have more complex and diverse business needs. They will work closely with the Market President to help influence strategy and shape the culture throughout the segment. They will also partner with the Consumer Region Managers & Banking Center Managers within their assigned geographies to execute against the consumer segment strategy, in order to deliver an excellent client experience, and drive value to the clients that we serve.JOB RESPONSIBILITIESOversee the execution of our business segment strategy, by leading a team of RMs to drive growth and profitability for new and existing relationships within their portfolio.Responsible for team & individual execution against targeted production and growth goals of our core KPIs: New Business Development, (new to bank EIN onboarding), Deposit Growth, Loan Production & Treasury Management Fee Income Production/Growth.Develop & maintain extensive network of business contacts, COIs, community leaders and other referral sources in order to develop new business and generate revenue. Effectively manage and grow the individual & team pipeline consistent with production expectations.Lead weekly and monthly meetings with team to analyze results, review pipeline effectiveness, forecast team's expectations vs budgets, & ensure execution of overall segment strategy.Work closely with Market President & Segment Leader to help shape culture and drive the strategic vision of the segment.Develop and present effective credit proposals/memos for consideration. Work with senior leadership and credit to negotiate quality loans within our established policy & guidelines. Ensure & uphold operational integrity amongst team by complying with all regulations, policies, and procedures.EXPERIENCECandidates must have at least 7+ years' experience managing business relationships; and 3+ year's experience leading a sales team.Extensive knowledge of credit, financial analysis techniques & lending policy, with ability to package and present credit deals to segment leadership & credit team. Well demonstrated understanding of loan risk factors a plus.Proven track record of developing and coaching high performance sales and service teams is preferred.EDUCATION & SKILLSCandidates with advanced degrees (Associates, Bachelor's, and/or Master's) preferred, yet a High School diploma or GED is required. Candidates with some combination of coursework and experience, or else extensive related professional experience, are eligible for consideration.Proven sales leadership with demonstrated capabilities, expertise in coaching, goal setting, and performance management.Experience in development of sales strategies.Proven management experience leading multiple teams, offices and staff units to exceed desired objectives in areas including, but not limited to sales, service, quality and operations.Exceptional business development skills & Entrepreneurial business management orientation.#LI-RS1The estimated salary range for this position is $165,000 to $190,000. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.