Assistant Commercial Lender

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Arlington, MA, USA
Hybrid
Fintech • Insurance • Payments • Social Impact • Financial Services
Leader Bank is defined by our exemplary products and client services as well as our innovative spirit.
The Role
Leader Bank is looking for exceptionally dedicated team members to join one of the region's fastest growing community banks and mortgage lenders. At the time of its founding in 2002, Leader Bank had one branch office, $6.5 million in assets and 7 team members. Since then, the Bank has become one of the most successful banks in Massachusetts with $4.5 billion in assets, more than 400 team members, 6 branch offices, and annual mortgage originations of over $2 billion.
Exemplary products and an innovative spirit have driven Leader Bank's rapid growth over the years, and our team members embrace these values. Our mission is to obsess over our clients, make them feel valued, and maintain long-term relationships with them by constantly enhancing our products and processes to always improve our client experience. For our team members, Leader Bank prioritizes competitive compensation and benefits, a healthy work-life balance, and an environment that fosters diversity and inclusion.
Summary
The Assistant Commercial Lender serves as the Chief lending Officers liaison on assigned commercial accounts. The Assistant Commercial Lender determines pertinent information to gather from a variety of sources, oversees preparation and review of loan documentation, and is responsible for the processing and maintenance of all commercial loan files.
This is a great opportunity for Commercial Credit Analysts or Commercial Portfolio Managers to advance as an Assistant Commercial Lender under the guidance and mentorship of the SVP Chief Lending Officer.
Responsibilities
  • Manage verification process including evidence of insurance and requests updated financial information as needed.
  • Manages portfolio risk by highlighting maturities, overdrafts, and delinquencies.
  • Verifies and processes client advances on lines of credit.
  • Oversees pipeline and portfolio by updating various construction reports, organizing draw requests, and monitoring construction budgets and pipeline reports.
  • Act as the liaison between bank, attorneys and borrowers to assist in resolving any pre and post-closing issues.
  • Request and retrieve missing legal documentation from borrowers and attorneys.
  • Assist clients with commercial banking needs including advances and new accounts.
  • Track financial statements and tax returns for both borrower and guarantors and send updates to credit and loan closing as needed.
  • File documentation in electronic files.
  • Track and request environmental reports, appraisals, and construction consultants.
  • Provides administrative support as needed

Requirements
  • Bachelors Degree
  • Prior experience working in commercial banking required.
  • Knowledge of computers and lending software.
  • Proficient in Microsoft Excel and Microsoft Word.
  • Good communication and organizational skills.
  • Ability to prioritize workflow in a multi-tasking environment.
  • Ability to work independently as well as in collaboration with the team.

Leader Bank offers an excellent compensation and benefits package including 401k plan with corporate match, medical and dental insurance, and the opportunity to work for a fast-growing, local organization.
Leader Bank, N.A. is an Equal Opportunity and Affirmative Action employer and does not discriminate on the basis of race, color, religion, age, gender, marital status, sexual orientation, national origin, disability, military status, veteran status, or any other protected class.
Leader Bank is an E-Verify® participant.* For more information, click on the links below:
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* E-Verify® is a registered trademark of U.S. Department of Homeland Security

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The Company
HQ: Arlington, MA
420 Employees
Year Founded: 2002

What We Do

Founded in 2002, Leader Bank is a Massachusetts-based entrepreneurial financial institution that approaches banking differently. The core tenets of Leader Bank include client services, exemplary products, and innovation to meet the needs of its clients. Leader Bank’s best-in-class staff has been at the forefront of supporting the bank’s rapid growth and client-oriented solutions, as the bank has continued to expand its commercial and retail products and solutions over the last two decades. Leader Bank is a committed corporate citizen and prides itself on partnering with and supporting philanthropic organizations.

Why Work With Us

Leader Bank is a dynamic workplace that offers a healthy work-life balance, and our team members are afforded the opportunity make a true difference in the communities we serve. Beyond the banking relationships with our clients, Leader Bank embraces our responsibility to support the region we serve.

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Leader Bank Offices

Hybrid Workspace

Employees engage in a combination of remote and on-site work.

Most team members are on a hybrid schedule splitting time working from home and our offices. Some do work fully remote, others work fully in-person.

Typical time on-site: 2 days a week
HQArlington, MA
Our corporate headquarters is centrally located in beautiful Arlington, Massachusetts and easily accessible via Route 2. Our offices are surrounded by local eateries, schools, and grocery stores – making for a neighborhood feel just a short drive or ride on public transit from downtown Boston.

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