Commercial Portfolio Manager

Reading Co-Operative; Reading (MA); On-site; USD 124,000 - 153,000; Full time

Job summary

Reading Cooperative Bank is seeking a Commercial Portfolio Manager to own a portfolio of commercial relationships, underwriting loans, and working directly with clients in the Reading, MA area. You will help lenders structure new loans, monitor covenants, and manage renewals while engaging on site with borrowers and prospects.

The role covers CRE, C&I, construction and small business lending, with a clear path toward a Commercial Lender role.

Qualifications

• Ability to analyze business and personal financial statements and tax returns and assess repayment capacity.
• Strong written and verbal communication skills; comfortable in front of clients.
• Bachelor's degree in business, finance, accounting, or related field preferred.
• A minimum of 3-5 years of commercial credit, underwriting, or portfolio management experience.

Responsibilities

• Manage an assigned portfolio of commercial relationships, including CRE, C&I, construction, lines of credit, and term loans.
• Obtain annual financial information from clients; track financial reporting and covenant compliance.
• Analyze financials on existing relationships and prepare annual review and update memos.
• Manage maturities, renewals, extensions, modifications, and rate changes to avoid administrative past dues.
• Monitor past dues, overdrafts, and borrowing base certificates; identify early warning signs and potential problem loans.
• Conduct property inspections (as needed) and coordinate construction loan advances on assigned credits.
• Report regularly on portfolio status to the Team Leader.
• Analyze and underwrite new loan requests and renewals: cash flow, collateral, spreads, guarantor strength, and market analysis.
• Assist lenders in preparing pre‑deals, loan memorandums, and credit presentations for approval.
• Discuss deal structure, cash flow, collateral, and borrower character with lenders; recommend alternative structures or products where appropriate.
• Determine whether requests comply with RCB credit policy and clearly identify exceptions and mitigants.
• Work with attorneys, CPAs, appraisers, and other professionals to support underwriting and closing.
• Handle smaller commercial and small business requests directly, from application through closing, up to $250,000 through streamline process.

Skills

Credit analysis

Financial statement analysis

Client communication

Independent work

Team player

MS Office

Spreading software

Bilingual English/Spanish

Education

Bachelor's degree in business/finance/accounting

Commercial credit training

Tools

Spreading software

Microsoft Office

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Reading, MA, US

Salary Range: $124,000.00 To $153,000.00 Annually

At Reading Cooperative Bank, we are more than a financial institution—we are a mutual cooperative bank dedicated to strengthening Main Street and supporting the communities we proudly serve. Rooted in a tradition of trust, collaboration, and local impact, we work every day to empower individuals, families, and small businesses to thrive. If you are passionate about making a meaningful difference and building relationships that matter, we invite you to explore a career with us.

We are seekingfor a Commercial Portfolio Manager to join our commercial lending team. This is a hands-on role for someone who wants to be part of the team, not off to the side of it. You will manage your own portfolio of commercial relationships, help our lenders underwrite and structure new loans and renewals, and spend real time in front of clients, including joining lenders on calls and site visits.

The right person has solid credit training, good judgment, and enjoys both the analysis and the people side of the business. This role offers meaningful exposure across CRE, C&I, construction, and small business lending, and a clear path toward a Commercial Lender role for those who want it.

ESSENTIAL FUNCTIONS AND RESPONSIBILTIES

• Manage an assigned portfolio of commercial relationships, including CRE, C&I, construction, lines of credit, and term loans.
• Obtain annual financial information from clients; track financial reporting and covenant compliance.
• Analyze financials on existing relationships and prepare annual review and update memos.
• Manage maturities, renewals, extensions, modifications, and rate changes to avoid administrative past dues.
• Monitor past dues, overdrafts, and borrowing base certificates; identify early warning signs and potential problem loans.
• Conduct property inspections (as needed) and coordinate construction loan advances on assigned credits.
• Report regularly on portfolio status to the Team Leader.
• Analyze and underwrite new loan requests and renewals: cash flow, collateral, spreads, guarantor strength, and market analysis.
• Assist lenders in preparing pre‑deals, loan memorandums, and credit presentations for approval.
• Discuss deal structure, cash flow, collateral, and borrower character with lenders; recommend alternative structures or products where appropriate.
• Determine whether requests comply with RCB credit policy and clearly identify exceptions and mitigants.
• Work with attorneys, CPAs, appraisers, and other professionals to support underwriting and closing.
• Handle smaller commercial and small business requests directly, from application through closing, up to $250,000 through streamline process.

Client Engagement

• Accompany lenders (as needed) on prospect and client calls; interact with clients regularly in person and by phone.
• Serve as a day-to-day point of contact for assigned clients on loan, deposit, and Treasury Management needs.
• Identify opportunities to deepen relationships and refer deposit, Treasury Management, and other bank products.

Other

• Assist with loan review and examination requests, including coordinating responses and tracking remediation items.
• Provide backup to lenders and the Team Leader during vacations and absences.
• Support and mentor junior team members and credit analysts as needed.
• Other duties as assigned.

REQUIREMENTS

Knowledge, Skills & Abilities

• Ability to analyze business and personal financial statements and tax returns and assess repayment capacity.
• Working knowledge of loan documentation, credit policy, and banking compliance requirements.
• Strong written and verbal communication skills; comfortable in front of clients.
• Able to work independently with limited supervision and manage multiple priorities.
• Team player who is dependable, professional, and wants to help the team win.
• Proficient in Microsoft Office; experience with spreading software a plus.
• Bilingual English/Spanish preferred but not required.

Education/Experience

• Bachelor's degree in business, finance, accounting, or a related field preferred.
• A minimum of 3-5 years of commercial credit, underwriting, or portfolio management experience.
• Formal commercial credit training or similar work experience.
• Demonstrated experience and judgment with credit analysis and credit decisions.

Why Join Us?

Join a team where your analysis drives decisions, your expertise is respected, and your work makes a difference. We offer a comprehensive and competitive benefits package designed to support the well-being of our employees, including:

• Choice of medical plans with HRA or HSA options
• Dental and vision coverage
• Flexible spending accounts (FSA)
• Disability insurance

Additional benefits include:

• Employee Assistance Program (EAP)
• Generous paid time off
• Interest‑free emergency loan program (up to $2,000, subject to program guidelines)
• Tuition assistance (available to full-time and part-time employees)

Reading Cooperative Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

The pay range indicated is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, and performance. This range may be modified in the future.