VP C&I and SBF Team Leader
Company: Spencer Savings Bank
Location: Elmwood Park
Posted on: February 13, 2026
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Job Description:
Job Description Job Description BASIC FUNCTION Responsible for
acting in place of the Director of the Commercial & Industrial
Lending (C&I) and Small Business Finance (SBF) Department. The
position will oversee all other Bank departments, ensuring C & I
and SBF are compliant with policy and appropriate procedures.
Assist with identification of lending and deposit opportunities as
well as qualifies loans to borrowers for real estate secured and
non-real estate financing opportunities. Ensures the quality of
prospective commercial loan opportunities/portfolio to meet/exceed
the Bank’s standards for C & I and SBF loans. This position will
also have management responsibility for evaluating, structuring,
underwriting, loan transactions originated from the C & I and Small
Business Finance Departments, both new transactions and
modifications. MAJOR RESPONSIBILITIES Deputy: Oversees the
department’s Administration, Underwriting and Production
(Relationship Managers) to ensure they are following the bank’s
Commercial C & I and Small Business Finance lending policies and
practices. Will further oversee all Department Teams to ensure
transactions are effectively/efficiently proceeding toward approval
and closing. Makes telephone and personal calls to customers and
potential customers. Expedites the resolution of customer
problems/complaints. Oversees the quality of new/existing accounts.
Verifies that potential loans conform to policy. Ensures that
necessary documentation is completed, and requests additional data
as needed. Confers with Department Director on portfolio
opportunities/issues. Maintains a state-of-the-art knowledge of the
bank’s Commercial/Small Business lending market, with respect to
products, pricing and demand. Reviews/signs-off on new loan and
modification underwritings (as long as position is not a producing
position). Review commitment letters and loan documentation to
insure conformance with approval and Bank policies. Performs other
duties as required. Underwriting : Responsible for reviewing and
analyzing commercial real estate and non-real estate loan
requests/submissions, financial statements, property/business
soundness and viability, industry trends, competition, management
capability and financial leverage. Responsible for reviewing each
underwriter and/or performing in-depth due diligence on prospective
clients (Borrowers/Principle/Guarantors) and their financial
statements including cash flow modeling and projections. Interact
with Relationship Managers to establish appropriate loan structure
which is consistent with prescribed credit policies, underwriting
guidelines and general best practices considering risk elements
inherent in loan purpose, ownership structure, management depth and
experience. Responsible for preparing Credit Memorandum for
approval by Department Head, Senior Lending Officer and/or Credit
Committee. Interact with customers, Relationship Managers,
underwriting staff, and administrative staff to obtain timely and
complete financial information. Assist in recommending, updating,
and writing Departmental Credit Policies and Procedures as well as
underwriting procedures. Negotiate and recommend for approval loan
modifications. Responsible for managing the Underwriting staff and
Sales staff (RM) workflow. Department Support: Interact with Loan
Review and Internal Audit relating to asset reviews Interact with
external Bank Accountants and Regulators during their review.
Prepare draft responses to Loan Review and Internal Audit reports
for Department Director and SLO review and sign off. Assist the
Department Director in overseeing the activities of the Commercial
C & I and Small Business Finance departments including C & I and
SBF policies, procedures and other management reporting
requirements. JOB REQUIREMENTS Education: College Degree or
education (or a combination of education and experience) equivalent
to an undergraduate degree, Bank lending experience with successful
completion of a credit training program. Experience: Minimum of 15
years’ commercial lending/Small Business real estate and non-real
estate experience required. Minimum of 5 years’
Supervisory/Management experience. Minimum 5 years’ experience as a
Senior Underwriter with demonstrated ability to independently
analyze, structure, negotiate and close commercial real estate loan
transactions. Minimum 5 years’ experience managing high performing
sales teams with processes, prospecting and COI cultivation.
Excellent organizational skills. Thorough knowledge of commercial
real estate and non-real estate loan product lines. Goal oriented
individual – displaying self-motivation and initiative being a
detail oriented and conscientious leader. Excellent leadership and
teamwork skills required. Strong customer service skills required.
Experience with bank credit policies and procedures, loan analysis
and guarantor/sponsor financial analysis. Previous leadership role
in a senior capacity with demonstrated ability to manage and direct
subordinates. Excellent organizational, presentation,
interpersonal, communication skills and the ability to multi-task.
Ability to work independently under stringent time constraints.
Proficient in Word, Excel, Office, and other spreadsheet software
applications. Benefits Holidays Vacation Health/Dental Vision
Service Plan Short Term Disability Long Term Disability Life
Insurance Flexible Spending Accounts 401k Savings Plan Tuition
Reimbursement Employee Assistance Program Free Employee Checking
Account
Keywords: Spencer Savings Bank, Paterson , VP C&I and SBF Team Leader, Accounting, Auditing , Elmwood Park, New Jersey
