Commercial Portfolio Manager

Middlesex Savings Bank; Natick (MA); On-site; USD 80,000 - 110,000; Full time

Job summary

Middlesex Savings Bank is seeking a Portfolio Manager responsible for managing a commercial loan portfolio. The role involves ensuring timely loan documentation, compliance with regulations, and active community representation. Ideal candidates possess a Bachelor’s Degree with at least 2+ years of relevant experience and strong analytical skills.

Qualifications

• Bachelor's Degree and credit training required.
• 2+ years commercial credit and/or business lending experience or equivalent required.
• Effective analytical, organizational, presentation, problem-solving, and customer service skills.

Responsibilities

• Manage a moderate size commercial loan portfolio, ensuring timely financial information.
• Participate in structuring commercial loans and negotiating loan documents.
• Maintain compliance with Bank policies and relevant laws.

Skills

Analytical skills

Organizational skills

Customer service skills

Presentation skills

Problem-solving skills

Intermediate technology skills

Education

Bachelor's Degree

Tools

Word processing applications

Database applications

Spreadsheet applications

Job description

Overview

The incumbent provides superior portfolio management for a moderate size commercial loan portfolio. This involves (i) working with 2-3 Loan Officers to interact regularly with assigned customers to stay abreast of their banking needs, business strategy and operating performance in order to provide superior banking service; and (ii) ensuring required financial information is provided on a timely basis, and is reviewed and analyzed promptly to identify any areas of potential concern. Performs any functions within scope of authority and expertise to provide the highest level of service and responsiveness to customers and co-workers.

Responsibilities

• Ensure that all financial statements, covenant compliance certificates, borrowing base certificates, personal financial statements, and any other required financial reporting is received, logged and reviewed on a timely basis. Ensure that borrowing base and covenant compliance certificates are prepared and signed by an appropriate party of the Borrower.
• In conjunction with the Loan Officer, participate in the structuring of commercial loans and the negotiation of loan documents, and ensure that final documentation is consistent with credit approval documents.
• Work collegially with the Credit Department to insure high quality credit analysis and risk assessment are developed. Ensure that all appropriate information is delivered to Loan Servicing, the Credit Department, or other administrative units. Ensure that record keeping is accurate and current.
• Maintain the reputation of the Bank with customers, prospects, referral sources, and community-based organizations
• Perform all duties in accordance with prescribed Bank and regulatory compliance guidelines. Ensure all commercial loan relationships are in full compliance with Bank policies and applicable federal and state laws and regulatory guidelines. Recommend changes as necessary to support prescribed requirements.
• Represent the Bank through active participation in community and industry organizations and events and promote the business interests of the Bank.
• Performs other duties as may be required.

Requirements

Education

• Bachelor's Degree and credit training is required

Work Experience

• 2+ years commercial credit and/or business lending experience or equivalent is required

Additional Requirements

• Effective analytical, organizational, presentation, problem-solving, and customer service skills.
• Must possess at least intermediate technology skills, including knowledge of word processing, database and spreadsheet applications.
• Must be able to travel throughout defined market.