Job Information
Amalgamated Bank Commercial Banker, CDFIs/Non-profit Sector in Boston, Massachusetts
Amalgamated Bank, America’s socially responsible bank, seeks a Boston-based Commercial Banker focused on commercial lending that furthers our vision of economic, social, racial, and economic justice. This banker will be responsible for expanding our mission-driven lending to values-aligned institutions in the New England region, including community impact and social advocacy organizations, CDFI’s, nonprofits, foundations, unions, progressive for-profit companies, and renewable energy projects.
Job responsibilities include, but are not limited to, the following:
Business Development
Identify and develop new lending opportunities with values-aligned clients in the New England region, including community impact and social advocacy groups, non-profits, foundations, sustainability organizations, CDFI’s, unions, and for-profit social impact enterprises
Meet with client prospects, attend trade/networking functions and industry events aimed at expanding the Bank’s C & I lending portfolio with values-aligned clients in New England region
Actively identify opportunities to cross-sell other Bank products and services to clients and prospects including treasury management, deposit and investment services and products
Work closely and in coordination with the Bank’s National Director of Community Development Finance to ensure the region’s community needs are being addressed and are in alignment with the Bank’s community development finance national strategy
Credit Underwriting
Work with the credit risk and underwriting teams within the Bank to develop and structure new loans that demonstrate strong credit and risk management
Act as the primary point of contact for internal credit presentations and loan reviews
Work with legal counsel and underwriting team to facilitate documentation of credit facilities
Portfolio Management
Work with internal commercial banking support functions to effectively on-board new clients
Once client portfolio has been developed, maintain frequent contact with clients to ensure that the clients’ lending, treasury management, deposit, and investment management needs are being properly handled
Maintain awareness of maturating credits, overdue payments, financial information reporting, etc. which could affect the status of the commercial relationships and take appropriate action
Perform other duties as directed
Knowledge, Skills and Experience Requirements:
Ideal candidate has the following:
Proven lender with community finance origination and/or nonprofit lending experience
Has built and maintained a portfolio of community-based impact assets with specific emphasis in affordable housing, economic development, and racial & climate justice impact lending
Experience with all aspects of the credit process; including credit policy construction, underwriting and portfolio management
Community engagement through leadership positions with mission consistent advocacy and non-profit organizations
Understanding of the unique needs and characteristics of the non-profit, community development, and CDFI sectors
Leadership experience with a values-aligned organization, institution, or group a plus
Passion to support socially minded organizations
Successful track record in relationship management, coalition building, and partnership execution
Bachelor’s degree or equivalent experience
Excellent verbal/written communication and presentation skills
Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans . (https://www.eeoc.gov/sites/default/files/migrated_files/employers/poster_screen_reader_optimized.pdf) AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement (https://www.amalgamatedbank.com/sites/default/files/pay-transparency.pdf) . Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.
As part of our commitment to health and safety, all team members currently working in our office space are required to show proof of vaccination. To be considered for any position at Amalgamated Bank where permitted by applicable law (including any applicable reasonable accommodation, medical or religious exemption), candidates must have received the COVID-19 vaccine prior to their start date. Upon commencement of employment, new team members must provide proof that they have been fully vaccinated against COVID-19.